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86-- 104846
<br />MORTGAGE See L 2.1,053
<br />MORTGAGE LOAN NO_ L24, 610
<br />KNOW ALL MEN BY IIIESE PRESENTS: That Terry L. Johnson and Carol L. Johnson, each in his
<br />and her own right and as spouse of each other, Mortgagor, whether ow or Ulm, in asissidenition of the sum of
<br />Thirtppn Thoir-sinrid and noZ100 ------------------ — - — ------- — ---- DOLLARS,
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Islatrul,Nebriallits, Mortgagee, upon 130 dw" Of stock Of
<br />said ASSOCIATION, Certificate No. L 24, 610 do he-by grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Two (2), Block Three (3), in Jenkinson Subdivision to the
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements, hereduarric-niN and appurtenances thereunto belonging- including attached floor coverings, all window screens,-
<br />window shades, blinds, storm windows, awnings, heaturg, au orinditioning punips, toves.
<br />and phiniburg and water cquipmrit and accessories thereto, s
<br />refrigerators, and other fixtures and equipment now of hereafter attached to or used in conjunction with said real estate.
<br />And whereas the said mortgogm has agreed and does herrhy- agree that the mortgagur shall and will pay all taxes and assessruents levied or
<br />assessed upon said premises and upon this mortgage and the NWd tircurril thereby before the same shall become delinquent. to furnish approved
<br />insurance upon the buildings on said preninxni situated in the sum of$ 13,000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance_ and not to aomnutor permit any waste on or about said premises:
<br />In caw of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagm shad,
<br />demand, be entitled to immediate possession of the mur-plted pterman and the mortgagor hereby assigns, transfers and wu over to the
<br />mortgagee all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage mdebteduesissludlieuxua
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the propose of repairing taid premixes and renting
<br />the sum and collecting; the rents, revenues and income, and it way pay Ami of said income all expenses of repairing said premises; and necessary
<br />conumstrions and expenses incurred in renting and man nm* the same and in collecting sentsh therefrom; the balance reouur lg, if any, to be
<br />applied toward the discharge of said mortgage mdchtedjurss; these rights of fit,- mortgagee may be exercised at any time during the existence of"such
<br />default, irrespective of any temporary waiver of the same
<br />These Presents, however, are upon the Condition. I hat if i he said Mongagor shall repay said loan on or before the maturity of said shares by
<br />payment; pay monthly to said ASSOCIATION of the rum specified it the Bond seemed hereby as interest and principal on said loan, on or before
<br />the Twentieth day of each and every month, arod said loan is fully paid; pay all taxes and assessments leviedagainst said przinises and on this MortgW
<br />and the Bond secured thereby, before de1mqtn,n,% . furnish approwA insurance upon the buildings thereon in the sum of S 13 000.00_ payable
<br />to said ASSOCIATION,
<br />repay to said ASSOCIATION upon demand all rouney by it paid for such taxes, assessmicuts and ii� with interest at
<br />the maximum legal rate theietin from date of payment all of which Mortgagor hereby agrees topay;permitno wasteonsaid premises;keep and comply
<br />with all the agreements and conditions of the Bond for S 13, 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and Hy4As of said ASSOCIATION; then Hesse presents shall become null and void, otherwise they
<br />shall remain in full force and nay be fl meclosed at the option of the said ASSOCIATION after future for three months to make any of said
<br />payment, of be three months in arrears m making said monthly payments, or to keep and comply with the agreenteirts, and conditions of said Bond;
<br />.ad Mortgagor agrees to have a receiver appointed forthwith in such finechsurr proceedings,
<br />If there is any change in ownership of the real estate mortgaged hcrrm. try sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Budding and Loan Association of Grand Island, Nebnojor, become immediately due and pay" without
<br />fitaAhm rntioe, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bear interest at the maxtruorm legal rate, and this mortgage may then be foreclosed to satisfy the ansount due an saaf
<br />borrrd,anid any other bond for additional advances, together with all sums paid by said The Equitable Budding and Loan Association of Grand Island.
<br />Nebraska fur insurance, taxes and assessments, and abstracting extension charges, with interest thereon, front date of payment at the maximum
<br />)c8a) rate.
<br />As Provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee nay hereafter advance additional sums to the
<br />Waken of said Honif, their assagns at sueLtisols in intern t, which sums shall be within the security of this mortgage the same as the ftiods originally
<br />secured thereby, the total amount of prmcipat debt not to exceed at ant 1AmC the oiWW amount of this mortgage.
<br />t is day of August
<br />STATE. OF NEBRASKA. is. Orr this _2 rid day of August 19 before me,
<br />COUINTY OF HALL
<br />the undersigned. a Notary Public in and for said County. personally came
<br />Terry L. Jonnson zind Cal Di — .ultra Gj!,, —1; 'AS and her own rigill ,trill
<br />A-11 31
<br />f,ach other, Who r1e. W"�"nuwn to
<br />rue 14, be the identical pefl-M3 woose nano AhX0 - f1m above
<br />.1 UWAAMPAnt As mortgagor j aw Y save ally
<br />"nowledged the wtilmstrumem 1, be It' f "I
<br />*1INN%S my hand &".I Noo—i "W.) the
<br />My Ompto"o,fifitpit-
<br />rams of
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