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85--= 8x2533
<br />MORTGAGE See L 221482
<br />MORTGAGE LOAN NO. _L 24,363
<br />KNOW ALL MEN BY THESE, PRESENTS: That Duane A. Johnson and Dee Ann Johnson , each in his and
<br />her am right and as spouse of each other, Mortprr, whetter one or more, in conedention of the sum of
<br />Y� i1S�F�
<br />and U
<br />an ao/1Q--- --- - --
<br />loaned to slid rmApsor by The Equitable Building and Loan Araociatiat of Grand Island, Nebraska, Morippe, upon 75 ahaes of Nods of
<br />said ASSWATION, Certificate No. L 24,363 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />The Southerly One — fourth (SO of Lot One (1), and the Southerly One
<br />Fourth (S#) of the Easterly Twenty Feet (E20') of Lot Two (2), in
<br />Block Thirty -six (36), in the original town, now City of Grand Island,
<br />Hall County, Nebraska.
<br />together with an the tenements, hereditaments and appurtenances thereunto belongiteg, including attached floor coverinp. all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto,puwps,dam,
<br />refrigerators, and other fixtures and equipment now or heteafter attached to or used in connection with said real estate.
<br />And wheresa the said mortgagor has agreed and does hereby agree that the mortgagor shall and will lay all taxes and assessments levied or
<br />used upon said premises and upon this mortgage and the pond secured thereby before the same span become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 7, 500.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insuranx; and not to commit or permit any waste on or about said premiss:
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortppa shaH,
<br />on demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assign, transfers and sets over to the
<br />taxtgare an the rents, revenues and income to be derived from the mortgaged premises during such time as the muvrtpp iilebtedsan sign temaia
<br />and the mortgagee Ball have the power to appoint any agent or agents it nay desire for lie purpose of repairing said premises and renting
<br />the same aid collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing said premises and necessary
<br />commission and expenses incurred in renting and managing live sane and of collecting rentals therefrom; the balance rertadehg, if any, to be
<br />applied toward the discharge of said mortgage indebtedrem: these rights of the mortgagee may be exercised at any time during the existesee of such
<br />default. irrespective of any temporary waiver of the same.
<br />Thew Presents, however, arc upon the Condition,'I'hat if the said Mortgagor shall repay said loan on or before the maturity of said dares by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Bond scoured hereby as interest and principal on and bat, on or before
<br />the Trrealieth day of each and every munch. until sad loan is fully paid; pay all taxes and assessments levied aping said prenwes std on this Mortpp
<br />and the Road secured thereby, before delinquency; furnish approved insurance upon the buddigs thereon in the am of $7,500.00 PaY
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all mercy by it plaid for such taxes, assannants and utauane with interest at
<br />the inexinum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay ;permit no wsNeon bid ptirmisackeep and comply
<br />with all the agreements and conditions of the Bond for S 7,500. U0 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Cons►tution and By -Laws of said ASSOCIATION; then them presents dun become null and void, otherwise they
<br />shall remain in fun force and may be fofcahned at the option of the said ASSOCIATION after failure for three months to !take any of said
<br />psyments or be three months nn arrears in freaking said -mthly payments, or to keep and comply with the agreements and conditions of said Bond,
<br />and Mortgagor fees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If that is any champ in ownership of the real estate moitpuged herein, by oak or otherwise, then the entire reran inig ' hereby
<br />secured , at the option of The liquitable Budding and Loan Association of Grand Island, Nebraska, become imtedrteiy due and payable without
<br />fwdm notlice, earl the amcwat remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from the
<br />dim of exercise of add option, bear interest so lite maximum legal rate, and this mortpp may then be foreclosed to satisfy the anent dtae oft said
<br />boad,sed ay other bmd for additional advances, together with all store paid by rid The kgtd " Building and Loan Association of Gland Island,
<br />Nebraska far insursince, taxes and assavarients. and abstracting extension oeuvres, with interest thereon, from date of payment at the masitinum
<br />rare.
<br />Ass ih the Bond secured hereby, while that rrxrtgoge remains in effect the tray leraaftar advance+ add#bnal to the
<br />tail Road, their assigns or succesors in interest, which sum shah be within the security of this mortgage the same as the furls Originally
<br />eatrad thereby, the total sm ou nt of principal debt not to exceed at any terns the original smoant of this mortgage.
<br />Dated this 22nd day of May A. n., 19 85
<br />STATY. OF NPUASKA. s. On this 22txi day of may 19 65 , hi fore me,
<br />Cox WN (W ItALL
<br />the undersigned, a Notary Public in and for bid County, perx>n�ygmne
<br />Uuaw A. Johnson arY3 DEW Atut �lolumon, each in !'via am her (..turn rightWj j?1d 'IS sl. �k a •gab
<br />other, ,:ire.
<br />ma if) he the Kknt#W pettrm tt whore nanM b i:rL� Affixed to live strove inatrwtent as mutt r 8 and t.lx,y wally
<br />0AROW104W the air! isaseromieot t<e he their nduntaty act and dared.
<br />W11INaSti mey harm! and Noisrial Sea$ tfw daft afuremril-
<br />My U(nom Win cirp"es ),?
<br />Nbtarl �ithlk
<br />4 Ana as " iii. h1RAARY
<br />e dsslt>< falls No 1. f�
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