|
<br />MORTGAGE __ O ~ ,..- V ~+ O U ~ ~
<br />MORTGAGE LOAN NO. _L 3,~ 9d~+,i.
<br />KNObV ALL MEN BY THESE PRESENTS' Tttac Lonnie D. Johnson and Kerrie L. Johnson, each in his and
<br />her awn right and as spouse of each other, Mortgagor, whether one or more, in condderation of fix wm of
<br />'jy;~#~r~hrasa Thrv3~ nd anti h1o~l9n-----,~---- ,_.~-- - -----.:x.LLAR.$
<br />boned to said ttiortgagor by The Equitable Building and lA,an Assvciation of Grand Island, Nebraska, Mortgagee, upon 230 shales of uodt of
<br />said AS.SOCIATi©N, Certificate No. L 23,905 , do hereby grant, convey and rnortcage unto the said ASSOCiATiON the following
<br />dexribed real estate, situated in [loll County, Nebraska
<br />LOT Tr~2F.E {3), 7N 13T.,OCK ~~ (1), ITi 3AQC VOSS
<br />SECOND StTBDIVISI(7N, Z3EIiJG ~ FART OF THE LdEST
<br />HALF OF THE SOUl'ilsrlFST Q(iT~?Tr3t {~~~~;?~) OF
<br />SEtTI0a~7 1W0 (2), 'It~~SfiIP r3~'VII1 (I1) NORTEi,
<br />i2Ai+1GE TEN (10) 6JFST OF T:HJ 6TH P.M.
<br />together wrth all the !enements, heredhaments and appurtenances thereunto bebnging, including attached floor coverings, all window screen:,
<br />window shades, bonds, srorm wvtdows, awnings, heating, au cunditromng, and plumbing and water equipment and accessories thereto, pumps,strrves,
<br />refrigerators, and vtlrer fixtures and ~mprnent now ur hereafter attached to or used in mnnechun with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed opus said premises and upon this mortgage and the bond secured thereby beio:e the same shall btcome delinquent; [o famish approved
<br />insurance upon the buildings on card prcmrses vtua[ed in the sum of E 23, 000.00 payable to said .4SSCiCIAT1ON and to delixr to said
<br />4SSCCIATION the policies for said insurance: and not to commit ur perms any waste ur, or about said premtscs:
<br />In case ui defawt m the performance of any of [he rerms and condtnons of this mortgage yr the hood secured hereby, the mortgagee shall,
<br />on demand, br enutled to imrnediatc pussessivn of the mortgaged premises sod the mortgagor hereby assigns, transfers and sets aver to the
<br />mortgagee cell the rents, revenues and mcorne to br deoved from the mortgaged premises durng such ume ss the mortgage indebtedness shall rerttain
<br />unpaid; and the mortgagee shall have the power to appu:nt any agent ur agtnts it may dtsrre tvr the parpvse of repairing said premises and rrnting
<br />the same and collecting the rents, reverters and income, and it may pay vat of said income ail expenses of repairing said premises and necessary
<br />tommisswns and expenses incurred in rerttvig sod managing the same and ut collecting rentals therefcom; the balance retnaiaing, if any, to be
<br />applied toward the discha,gr of said rrrortgage rndeb[ednrss; thew rights ui the rnurtgagtt [nay tx txercised at zny tune during the existrnrx of such
<br />default, irrespective of any temporary waiver of the soiree.
<br />1•hesr Presents, however, err upmt the Candrtiur., That ii?he card tio: [gaga: shall repay said loan on or before the maturity of said shares by
<br />paytrretrt; pay monthly to card ASSOCIATION of the sum spec.Cird m the fD~nd secured hereby as interest and principal un said loan, on ur before
<br />the Twentieth day of each and every month, untiV said Icon a fully card; pay ail taxes and assessrmnts levied against said premise; and on this Mortgage
<br />and the Bond starred thereby, 6etore dtiinqurncy : [winch apgvvtd msurarrcr upon the bwidmgs thereon m [hc ram ai 5 23, 000.00 payab{e
<br />to said ASSOCIATIOri; repay [a card ASSCrC IATIf)N upon demand all toasty by it paid for such !axes, assessments and loco: ante with interest at
<br />the maximum legal rats thereon from date of pay scent alt ut whr.:h Mortgagee hereby agrees to pay: perms nu waste on said premises;keep and comply
<br />with a!i the agreements and wndnions of the Bend tar S 23 Q00.00 this day groan by the said Mortgagor to said ASSOCIATION, and comply
<br />with alt the requirements of the Cvnsutution a»d By-Laws of'satd ASSOC L4TION; then these presents shalF became null and void, ctherwise they
<br />shall remarn in full force and may tx fureciosrd at the uptran of the mrd ASSOClA7iON niter r'adure for ?brae months w make any of said
<br />payrnttru or ire three nwnths to errtars to making said rnunthiy payments, ur w keep and cumpty wrih the agreements and conditions of said Bend;
<br />and Mortgagor agrees W have a rtceivrr appx;imed forthwith m such fvtrciusure prucredings.
<br />If there h any change in owtrership of tht real estate rnurtgaged her>in, by sale or otherwise, then the entire remaining indebtedness hereby
<br />~iured shall, at the option of The P.quitabk Building and Laan Assrxiaiion of (;rand Island, Nebraska, txcotrx immediately dot and payable without
<br />further notice, and the a»wunt remaining due under said bond, and any uthet bond for any additional advances made thereunder, shall, from the
<br />dace of extrcise of raid option, bear interest at the maximum ttgal rate, and this mortgage may then be foreclosed to satisfy the amount dru on said
<br />bond, and any other bond for additional advances, tvgethec with all sotto paid by said The Equitable Bolding aced Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessnunts, and abstract mg rxtrnsion charges, w!ih ;nearest thereon, from dais of payment at the maximum
<br />legal rate.
<br />As provided in [rte Bond secured tteteby, wtiiir this rrwngagr [mums ;n efttct [he mortgagee rtuy hereafter advanr:e additional sums to the
<br />tnal[ers uC said Bond, their assigns or =_uccessucs ir, mcerty, wtuch rasa alull be wi[hu; the 4:curity of this rnurtgage the same as the funds urrginally
<br />secured thereby, the rota; atnuunt of prinapaf debt rte: ~u exceed at any time the ungrnai amount of tlyjs mortgage.
<br />iYUed this I lt~'1 day of February A. D., ly 81
<br />` - t' ,
<br />Kerrie L. Jotssisor! '
<br />S"tATE OF NEBRASKA, t ss. C)n ;hu 1 1 t}i :lay of FehYltaly ! v 81 .before me.
<br />COUNTY OF HALL )(
<br />the undersegrred, a Nutary~ Public iR and for said County, personally cause
<br />l.~uue D. JCrhi'1.YaC~'r atxi riarrie L, 3orutsor., each in his and her ~:t ric~jtt acrd as spouse of
<br />~..-a" _'-S? L~t_p4>_r, who ~~ personally known to
<br />ore to ire tht idemtcal persar~; whose nar.>ir-, ..tom afirxrd to flu abort inzirurrtt;t as nwrgaguc g and er~y severalty
<br />ackm,wxaiged the sa:d instrument u> he tht'i.C voluntary act and tired. ~ _
<br />tKiT>~TMSS rxty hared and!tiut;uaa! 5eai the date atuetsrud. "° '" ~`
<br />My Cuntmissran rxpitas -- -~_ -~ .
<br />,~ i-' f-
<br />r~ ~ r -y. .
<br />~~R ~ ices x;i. r. a s$7
<br />
|