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<br />MORTGAGE
<br />MORTGAGE LoAx NO. L 23, 729
<br />fQHOWALLMENBYTHESEI'RFSEN7S:That Bruce L. Christenson and Deborah A. Christenson.each.n
<br />his and her ewn right and as spouse of each other,
<br />Mortgtgo[, whether one or mote; in rxrn~daatiton d-the ta~naf
<br />TwentY-One Thousand and No/100---------------------------------------------°------ ~,
<br />loaned to said rnort~gor by The Equiubk Buiding and Ixsan Association of Grand (eland, Nebraska, Mortgttga, upon ? ID abates of stagof
<br />said ASSOCIATION, Certifinm No. L 23, 729 , do hereby groat, convey and mortgage unto the said ASSO[~ATION thr fotimriaR
<br />deem-bed real estate, situated in Hall County, Nebraska: -
<br />LOT ONE HUNDRED T!dENTY FOUR (124) IN BUENAVISTA
<br />SUBDIVISION, AN ADDITION TO THE CTTY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto bebnging, including attached floor mverirtgs, all window st7eens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, puvrpsstoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or teed in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all fazes and a~.~~ts levied or
<br />assessed upon said premises and upon this mortgage and thz bond secu~tred tt~erehy~ before the same shah become delinquent; to ftrrnith approved
<br />insurance upon the buildings on said premises situated in the sum of S L I , DUQ. UQ payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fur said insurance; and not to commit or permit any waste on or abort said premises;
<br />In case of default in the performance of any of thz terms and conditions of this mortgage or the bond secured hereby, the rrrortgagce shah,
<br />on demand, rte evtitled to irrrmediate pos~ssion of the mortgaged premiss aad ihz nrurigagor hzteby astigrs, tsanst:rs aad sets ester is the
<br />mortgagee all the rents, revenues and Income to be derived hom the mortgaged premises during such tune as [he mortgage indebtedness shall remain
<br />unpaid; and the mortgagze shall have the power to appoint any agent or agents it may dzsire for the purpose of cepairirrg said premises and renting
<br />the same and collecting the rents, revenues and inwme, and it may pay out of said inwme al! expenses of repairinz said premises and necessary
<br />commissions aad expenses incurred in renting and managing ttre same and aC coIlectu[g meals thzrefrom; the balance remaining, if any, to be
<br />ap~iied toward thz discharge of said rrmrigagc indebtedness; these rights of the morteagzz may be exercised at any tune during the existence of such
<br />detautt, irrespective of any temporary waiver of the same.
<br />These iresents, huwcvza, are upon the Conditiua, "['hat i[""the said Mnngagar shall repay sa.~t loan on or before the mattui[y of said shares'vy
<br />payment; pay monthly [u slid ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan, un or before
<br />the Twentieth day of etch and every month, anti} said loan is Cully paid; pay aP. taxes and assessments levied against said premises and un this Mortgagz
<br />and !rte Bond secured thereby, bzforz delinquency; furnish approved insurance upon the buildings thereon in the sum of 3 2I ,DOD • DD payable
<br />to said ASSOCIATION; repay to said ASSOCIA'fiON upon demand aN money by it paid For such taxes, assessments and instrrance with interest at
<br />[rte maximum legal rate thcrtron from date of payment aiI of which Mortgagor hereby agrees to pay; permit nu waste on said premises; kcep and wmply
<br />witty alt the agreements and conditions of the Bond for S 21 DoD DD ttus day given by the said Mortgagor to said ASSOCIATION, and armply
<br />with al! the requirements of the Constitution and By-laws of ssaiU A~SOCIATtON; then these presents shall become null and void, otherwise [hey
<br />shat) remain in foil Corce and may 6e foreclosed at the option of the said ASSOCIATION after failure fur three months to make any oC said
<br />payments or 6e three months in arrears in making said monthly payrrtents, ur to keep and comply with the agreements and conditions o[ said bond;
<br />and Mortgagor agrees to have a ree:eiw_r appointed forthwith m such foreclosmz proceedings.
<br />if there is any change in ownership of the real estate nnrrtgaged herein, by sale or otherwise, then the entire containing indebtedness hereby
<br />secured shall, at the option of The Equitable Buildutg and Loan Association of Grand Island, Nebraska, become immediately due and payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, stta6, from the
<br />date of exercise oC said option, bear interest at the rttaxrmum legal rate, and this mortgage stray then be foroclused to satisfy the amount due on said
<br />bond, and any other frond for additional advances, together with a6 surtts paid by said 'The @quitable Building and Loan Association of Crand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payrrtent a[ the maximum
<br />legal rate.
<br />As provided in the Bnnd secured hereby, while this mortgage remains in eitect the nrortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shat) be within the security of this mortgage the same as the funds originally
<br />secured thereby, the total amount of principal debt not to exceed at any time the original artrount of this mortgage.
<br />Hated~thla 18th . day of July A. U_, Iv 80
<br />li ~ -~~ - _
<br />ru e L. L` r7s enson~ / ~ -
<br />Deborah A. Christenson
<br />STATE OF NEBRASKA, ~ ss. On this 1Bth • daY of ~ U 1 y 198D , txfore me,
<br />CO[JNTY OF HALL
<br />Bruce L. Christenson and Deborah A. Christensori; deragnea,a NotaryPublicmand fot said County, personally eame
<br />each in his and her own right and as spouse of each other, who are perwnauy known to
<br />me to tie the identical person 5 whose name S dY'e affixed to the above urstrumehi as m rtgngor5 and they severally
<br />acknowledged the said insiruateni to bz their voluntary act and deed /' ~~ ~ -'~
<br />Vll~i iFSS my hand and Notarial Sea! the datz aforesaid ~ j `, ~~
<br />My Commission expires S~ _~7~~'l .vi) i~<
<br />6ENEAAt M67AAY - State of Netlraska ~~ ~~~ -'`,!3~ra blic
<br />161A2tm al ~ JOY M. 8FJIZLEY J -
<br />My Comm. Esp. Sept. 1, 1981
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