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<br />
<br />MORTGAGE _
<br />MoRTCaGE LoaN No. L 23.305
<br />mow ALL ~iluN B~ THESE PRE.aENTS: That Otlasle A. Johnson and QeP A. ~?chnson, sash i n his and
<br />her o~In right and as spouse of each other
<br />--Mortgagor, whether one or more, in consideration of cite atrrtt of
<br />Forty Five Thousand and No/1t3O°------------------ -----°----------------°-----DOLLAA5
<br />kiatred fa said mortgagor by The E~taitable Building and Laan assaciatian of Grand Island, Nebraska, Mortgagee, upon ~~O shares of stock of
<br />said ASSOCIATION, Certificate No. L 23,305 , do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowitig
<br />described real estate, situated in NaiQ County, Nebraska:
<br />LOT EIGHT (8), KENTISH HILLS SUBDIVISION, LQCATEO IN THE SOUTH HALF
<br />OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER (S~NW4SW~},
<br />OF SECTION TWENTY FIVE (25), TOWNSHIP ELEVEN (11) NORTH,
<br />RANGE TEN (IO) WEST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA.
<br />iogetlter with all the tenements, hereditainenes and appurtenances thereunto belonging, including attached floor rnverings, aB-- window srneans, '
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories ihereto,ptsmps,s#tives,
<br />refrigerators, and other factures and egtdpment craw at hereafter attached to or used ir. ranrection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay Ali taxes and assessmepts levied ar
<br />assessed upon said premises and upon this mortgage and the bond secred thereby before-the same shall bccorue delinquent; tb famish _ 'R
<br />insurance upon the Iruilditt~ on acid nremisessltuated in the stun of 5 45,QQ0. GO payable to said ASSQCIATIOPI and ~e, deliver Lo said
<br />ASSOCIATION the policies far seta insurance; and not to commit ar perztdt any waste oa or about said premises;
<br />In case of default in. the performance of any of the torus and conditions of #ltis mortgage or the bond xcured hereby, the rtwrtgagee shall,
<br />an demand, be en#i#ied to immediate_possessior. of the mortgaged pwrnises and lire mortgagor hereby assigns, irattsfers-and sets over to =t9u
<br />mortgagee all the rents, revenues and iacame to be derived from the marCgaged premises during such tune as the mortgage indebtedra:~ shall ternaizi
<br />unpaid; and the #norgagee shall have the power #o appoint any agtni ox agents it may desire for the purpose of repairing said premises and reniitrg. - - -
<br />#t!e same and caltectirtg rice rents, revenues and income, and it may pay out of said iarame all expenses of repairing 'mod pr_n' ~ 0:3 a_o, ~,.iy - -
<br />rl=ttt.:~.i=ns W^.d exr^:.~a u,4v,tad is rertiing and managing the same and of collecting rentals therefrom; [he balance remaining, if say. to-be - _
<br />a~~3lred €oward the discharge of said rt:crrtgage indebtedness; theme rights a£ the mortgagee may be exercised ale arty time during rite existartee of suc~e-
<br />defaul#, Lrrespertive of any temparsry waiver of the same. -
<br />Thr:se Presents, however, are upon [he Condition, That if the said Mortgagor shall repay said loan or. or before the maturity of said shazesby
<br />payment; pay mamhly to said ASSOCIATION of the sum specified in the Band secured hereby as interes# and principal on said Ioazt, art ar before
<br />tore Twentieth day of each and every month, until said loan is fully paid; pay ail taxes and ~«nments leered against said premises and+tin this Aiortgage
<br />and the Bond secures thereby, before delinquency; famish approved insurance upon the buildings thereon in the-sum of 545,ODD.OD payable
<br />to said ASStJCLATION; repay to said ASSCCIATION upon demand all money by ~ paid far such taxes, assessments and insurarux wr',hvttetest.at
<br />the ttiaxisnum legal rate thereon from date of payment ail of wh€ch Mortgagcr hereby agrees to pay; permit no waste unsaid-prem#ses;keep and.campiy _
<br />whit aB the agreernedts and renditions of the Bond for $ 45 ,DOD. OD this day given by the said Mortgagor to said ASSOCIATION, and comply ,
<br />wirh ail ties requirements of the Constitution and By-i.aws of said ASSOCIATION: then these aresents shall become ntrii and void, otherwise they
<br />shall remain in full farx and may be farecla~d at the opitva of the said AS5tX;IATiON afker fadurt far three months !a make airy af' said- - -
<br />payments or lie three months in arrears in makinx said monthly pay€nents, or to keep and comply with the agfeements and conditions of said Baud;
<br />acrd Maztgagor agrees to have a receiver appain#ed forthwith ifl such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, Icy sale or otherwise, then the entire remaining indebtedness hereby
<br />accrued shall, at the option of The Equitable Building acrd Loan Association of Grand Island, Nebraska,become immediately duo andpayabie without
<br />fitrther natics, and the amount remaining due u.-ider said band, and any other hand for any additiasal advaatxs made thereunder, shall, from the
<br />da#e of exer^iu of said option, bear interest at the maximum legal rate, and this mortgage tray then be forerkrsed to satisfy she amottat dru ort said
<br />hood,-and. arry ether btirid for additional advances, together with ail snms pard by said The Equitable Budding and Laan Association of Grand fahnd.
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, wifh itrtarest thereon, from dart of payment ai tht maximtau
<br />legal-rate.
<br />As provided in the Bond secured hereby, while khis mortgage remains in effect the mortgagee may hereafter advance additional sacra to the
<br />rttakers of said Band, their assigns ar successors in inter eat, which sums shall be within the security of this rteortgage the same as the ftmda arigittatly
<br />secured therelry, the total amount of principal deLt not to exceed at any titter the original amount of this mortgage.
<br />aated~hia 2nd. ,~ da;~ of December a. o., l~ 7g
<br />~.~ ,~ - ~
<br />- r - - -
<br />Dee A. JoI~or~
<br />s~ :ATE zt~ art~its~A, ~ i)n 2tid. ~y ~ DeC+amber Is 78 , n~fom ~,
<br />COUN i'Y fFl*IiALE
<br />_` the undersisncd, a Notary Public in acrd for raid Cotmty, personally came .
<br />Ouare A. Jnhnstaft ant! . A: rics#aessan,.,each in tats et~d her ovm righw~and as spoas~~yf,~Ia
<br />.other are
<br />sent; ~: iheideniialpersint 5 °' wLosetttute 5 dre offtxodaotl~.abovetr,.i,,,.,,.,,rfast#mrtgagatg and.. LhE'y severally
<br />ackrauwledgedtbsiitsettuuorttYgt~ their valtmtaryast8nd$s€d.
<br />lirSTNES~ toy hand end NataralSeal the date.aforesaid.
<br />My Catnmisaitan expires ;a
<br />.!d0T1fRY S4tIe et R'tbraslta '~~"'"~~~~ Notary Public
<br />r
<br />~'" "~ h;Y Cet^,^.r Ea : Aun, 3?, I9A?
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