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86-- 102607 MORTGAGE LOAN NO. - jLT-_Q7--1UZ� KWWAUMENBYTIIFSEPRESENTS:'nrat Michael D. Jensen and lbrri. L. Jensen, each in his and her cwn right and as is tt��11BB,ap�� tf each abler, Mortgagor. Whether one or rnwc, in rxnaadeRUM Of the saw of _^ Seven_ThTmand and _0100 — '--' —' "— DOLLARS losuird to staid mortgagor by The Equitable Budding and Loan Association of Grand Island, Nebradca, Mortgagee, uptm 70 shares of stock of said ASSOCIATION, Certificate No. I. HI -827 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following described real caste, situated in Hall County, Nebraska: Lot Seven (7) in Block Ninety Four (94) Original Ttxvn, nag city, Grand Island, Hall Ccuntyr Nebraska. toppethet with all the tenements, berci itamenrs and appurtenances thereumo belonging, including attached floor coverings, all window screens, window shades, blinds, storm windows, awnings, heating, air condilionmg,and plumbing and water equipment acid accessories thereto, pumps, stowitr refrigerators, and other fixtures and egtupment now of hereafter attached to or used in connection with said real estate. And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all cues and assessments levied or assessed upon said premiss and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved insurance upon the buildings on said premises situated in the sum of 5 7, 000.00 payable to said ASSOCIATION and to deffver to said ASSOCIATION the policies for said insurance. and not to commit or permit any waste on or about said premises; In case of default in the perfirrmrnnce of anv of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall, on demand, be entitfal to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the mortgagee all the rents, revenues and income to be derived from the mortgaged premises during such tine as the tnorngage indebtedness shall restrain unpaid; and the murtgapgce shall have the prrwer to appoint any agent of agents it may desire for the purpose of repairing said premises and renting the same and collecting the rents, revenues and income, and it may pay out of said mixi a all expenses of m; fairing said premises and necessary otim minions and expenses incurred in renting and managing the same acid of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee may be exercised at any time during the existence of such default, irrespective of any temporary waiver of the same - These Presents, however, are upon the Condition. That if the said Mortgagor shall repay said loan on or before the maturity of said shares by payment; pay monthly to said ASSOCIA MIN of the sum specified in the Mind secured hereby as interest and principal on said ban, on or before the Twentieth day of each and every month. until said loan is fully paid; pay all taxes and assessments levied against said premiss and on this Mortgage and the Bond sc;,ured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of $ 7, 000.00 payable to said ASSOCIATION. repay to aid ASSOCIATION upon demand all money by tt paid for such taxes, assessments and insurance with interest at the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premise keep and comply with all the agreements and conditions of the Boni for 3 7, 000.00 flits day given by the said Mortpgor to said ASSOCIATION, and comply with all the requirements of the Constitution and By -laws of said ASSOCIATION, then there presents shall become null and aid, otherwise they shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to mace any of said payments or be three months in arrears in making said morality payments, or to keep and comply with the agreements and conditions of said Bond; and Mortgagor agrees to have a mcciven appointed foattwith in such foreclosure proceedings. If there is any change in ov6cership of the real estate mortgaged herein, by sale or otherwise, there the entire rernainig indebtedness hereby suited shall, at the option of The Equitable Budding and Loan Association of Grand Isdand,Nebraska,become immediately due and payable without further notice, and the amount remaining dux under said bond, and any other bond for any additional advances made thereunder, shall, from the doe of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then be foreclosed to satisfy the amount due on said boad,and any other bond for additional advances, together with all sums paid by said The Equitable Bolding and Loan Association of Grand Island, Nebraska for insurance, taxes and Assessments. and abstracting extension charges, with interest thereon, from date of payment at the maximum h*d rate. As oohed ins the Bond secured hereby, while this mortgage remains m effect the mortp�gr,, .nay hereafter advance additional stems to the maters ref aid flrid, thei assigns ar snu:cesson in interest, which suers shall be within the security of this rmuigtge the same as the funds ongirntly secured thereby, the total amount of principal debt not to exceed at any cirri the original amount of this mortgage. Dated this 15 `day of May A n., t9 86 ��. STATIC OF NEBRASKA, I C(X :NI'Y OF IIALL. Is Oar this 15th day of May 19 86, before me, the undersigned. A Notary Public in and for said County, perxmaly came flichaeI D. Jensen and `ltrri L. JetaxLt, each in his and ins Lwn rigwtry and as s �i to each ou'&r, art y me to he the identical person g whose Raines a3dt: affixed to the above mst.rutnemr As maitgagoi S and tl-K'y severally uiarowkdptod the awd rurrunaaut to ter t-'le?ir v iluntary eat And aced WITfv34.S rm f Ihan:l and Natusail 4ap tier. date aforew+cl ax.tasaa �� Nouy�irMic.