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85-'• 006282
<br />MORTGAGE
<br />T MORTGAGE. LOAN NO. _ HI -820 FHA
<br />KNOW ALL MEN BY THESE PRESENTS: That Richard S. Johnson and Delores A. Johnson, each in his and
<br />her awn right and as Spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thom Thrsraa+vi RCIir FR ndr"i F' L.a n _and -2fl /inn_------- .^.!� -- _DOLLARS
<br />busted to said mortyiew by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 35 „M shares of stock of
<br />said ASSOCIATION, Certificate No. L HI -820 FHA , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />Lot Four (4), Block Ten (10), in Russel Wheeler's
<br />Addition to the City of Grand Island, Nebraska
<br />together with all the tenements, bereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning,and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shalt and will pay all taxes and assessawnts levied or
<br />assessed upon said premises and upon this [mortgage and the bond secured thereby before the same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 3, 481.20 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises.
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby, the mortgagee shall,
<br />om demand, be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br />rrarrigagee all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting[
<br />the sane and collecting the rents, revenues and income, and it may pay out of said income all expenses of repairing aid premises and necessary
<br />cOmmismM and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if sty, to be
<br />applied toward the discharge of said mortgage indebtedness; these rights of the ,nortgagec 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. That if the aid Mortgagor shall repay said loam on or before the maturity of said sham by
<br />payment; pay rnombly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal On said loan, on or before
<br />the Twentieth day of each and every month, until said loan is fully paid; pay all taxes and assessments levied against said premises and on this Mortgage
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 3, 481.20 payable
<br />to said ASSOCIATION: repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />the maxinxim legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay; permit nil waste on said premises ;keep and comply
<br />with 28 the agreements and conditions of the Bond for S3 r 481.20 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constitution and By -laws of said ASSOCIATION: then these presents shall become null and raid, otherwise they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three months in arrears in making aid monthly payments, in to keep and comply with the agreements and conditk m of said Bind;
<br />and Mortgagor agues to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale of otherwise, then the entire remaining indebtednes hereby
<br />sect red shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska,beatme immediately due and payable witbow
<br />further notice, and the amount remaining due under aid bond, and any other bond for any additional advances made thereunder, shag, from the
<br />date of exercise of said option, bear interest at the maximum legal rate, and this mortgage may then he foreclosed to mlis y the amount doe on =W
<br />bond,tmd any tither bond fin additional advaruses, together with all urns paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance. taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />lepl Me, 4
<br />As provided in the Bond secured hereby, while this mortgage retrains in effect the mortgagee may hereafter advance additional rams to the
<br />rnalters of mid Bond, their assigns or succem rs in interest, which sums shall be within the security of this mortgage the same an the funds originally
<br />secured the►aby, the natal amount of principal de not to excee�d%art any time the original amxrunt of this mortgage.
<br />[bled this /�� day of <.Y.s^ c+.,rI A. M. 19 -;4
<br />- - - - - --
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<br />STATN OF NEBRASKA. s. On this / / of C.y oc r
<br />COUNTY OF HALL # day 19 b5 . before tote,
<br />LRichard S. J
<br />of each oth
<br />me to }e the ident %
<br />uknowledWA tlw-r
<br />Mr r
<br />ea A I'm MI
<br />fie undertegned, a Notary public in and for sad County, persm ally came
<br />alai Delores A. Johnson, each in his and tx:r cwan ,ghtrand `jrsi wnta
<br />r4�/ , �whOW name a an; All ixed ro the Above mstnantcnt as mortgagor ti andthey severally
<br />ern +r {it1}n'' -, tilt lr rnlin1hry net and deed
<br />rn�.l�rtei htltlarnal So,rl IIrr dale. afinecrrd.-
<br />It4N ' �3 s r
<br />Notary I'uhlW
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