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<br /> n�oaTcnce
<br /> I�fORTGAGE LOAN N0. L 2P,490
<br /> � � ti1d014 ALI,MEN DY THCSE PRESENTS:That Ll oyd J. Sl awson and Mari EI 1 en $�dW5011� each 7 t1 fll 5 and
<br /> her own right and as spouse of each other,
<br /> Mortgagor,wliether one or moro,in consideratlon of the sum of
<br /> ` Thirty-six Thousand and No/100-----------------------------------------------------Do�tnas
<br /> loaned to said mortgagor by Thc f:quitable Building and Luan pssociation of Grand Island,Nebraska,hlor(gagee,upon 360 shares of s[ock of
<br /> said ASSOCIAT(ON,Certificate No.L 22 e�9� ,do hereby grant,convcy and mortgage unto the said ASSOCIATION Hie following
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<br /> described real estate,situated in Hall County,Nebraska:
<br /> , LOT FOUR (4) CAPITAL HEIGHTS 7TH SUBDIVISION OF A PART
<br /> '' ' OF THE NORTHWEST QUARTER OF SECTION TWO (2) TOWNSHIP
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<br /> s ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., IIALL �
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<br /> � '. COUNTY, NEBRASKA. �
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<br /> together with all the ttnements,hercditaments and appunenances thereunto belunging,including attached iloor coverings,ull e�indow screens, � � � � � � �
<br /> i- _ window shades,blinds,sturm windo�vs,awnings,heating,air conditioning,and plumbing�nd water equipment and accessories therero,pmnps,stoves, � . �. � �
<br /> refrigeralors,and other fixmres and eyuipment now or I�erca(ter attached to or used in connection with said real estate.
<br /> ��� AnJ wheceas the said mortgagor hss agreed and docs hereby agrec lhat the murtgagor shall and will pay all taxes and assessmenls levied or �� . �
<br /> assessed upon said premises and upon this mortgage and Ihe bond secured lhereby bafore the same shall hecome delinquent;to furnish approved
<br /> insurance upon�lic buildings on said premius situated in d�e sum of S 36����.0� payable lo said ASSOCIATIO� and to deliver to s7id � . � � �
<br /> t�: ASSOCIATION the policies for said insurance;and not to commit or permit any waste on ur about said pmmises: � . �
<br /> ���� In case o(defeult in�he perloemance oEany of the ternts and cunditions uf this murtgage or the bond secured hereby,d�e mottgagee shall, �. � �� - �
<br /> on demand,be entided lo immediate possession o(the mort@aged premiscs and the mottgagor hereby assigns, trans�ers and sets over to the � � � �
<br /> - � morlgagee all lhe rent:,rerenues and income to be derived from the murtgaged premises during such time as the mortgage indebtednass shall remain � � . � .
<br /> unpaid:and thc mortgagee ehall have thc power to appoint any agent or agents it may desire fur die purpose oC repairing said premius and centing � �
<br /> the same and coltecting the rents,reeenues and income,and it may pay out of s:�id income all expenses u(rzpairing said p�emises and necessary
<br /> commissions and rxpenses incurrcd in«nting and managing the samc and of cvllecting remals thercfrom:the balance¢maining,if eny,to be � � � �
<br /> f;, applicd loward du dis•cl�arge of said murtgage indebtednesr,these ri�lits u(the mortgagee may be exerciud at any time during the existence oFsuch �, �
<br /> ; de(ault,irrcspective oC any temporary wairer u(the same. . -���
<br /> � These Presents,hou�ever,are upun the Cundi�ion,Tha[if�he said lfurtg�gor shall repay said loan on o[befure the maturity oC said shares by
<br /> t�� p�yment;pay monthly ta said ASSOCIATION u(the sum specified in the Uond secured hereby as interest and pr;ncipsl on mid loan,on or 6efore
<br /> the Twentieth day of cach and every mont6,until said luan is(ully paid;pay all taxes and assessments levied against said premises and on this I�fongage � �� ��
<br /> and the dond secured thereby,before delinquency;furnish approred insurance upon the buildings therean in the sum of S 3G����.�� payable
<br /> to said ASSOCIATION;repay io said ASSOClATIO�upon demand all muney 6y it paid(ur such taxes,assessments and insurance wi[h interest at � . -.
<br /> i; the tnaximum Itgal rate theraun(rom date u(payment�II of which�forlgagor hereby agrees lo pay;permit no waste un said premises;keep and comply . � �
<br /> u•itl�all the agreements und cunditions of the Uond for S 36,OOO.OUI�is day girzn by the said 11ort�gor tu said ASSOCIATION,and comply � �
<br /> 1� � with alt the rcquirements of the Cunstitution and Uy-Laws o(said ASSOCIATiON;thcn these presents shall become null and void,u�herwist Ihey . � �
<br /> i. shall remain in full force and m�y be fareclosed at the uption of�he said ASSOCIATION after f�ilure fot three months to make any oC said .
<br /> � payments or be�hree monihs in auears in making said monthly payments,or to keep and comply wfth the agrcements and cunditions of said�und;
<br /> ���������R�K�r agrers to have a receiver appuinted forthwith in such toredosure proceedings. -
<br /> � If�hzce is any change in uwncrship of Ihc real esta�c mortgaged herein,by salc or othenvise,then the entire¢maining indebtedness hereby
<br /> �;, ucumd shall,at the uption o(The 8quitable Ouilding und Luan Association o(C�and Istand,Nebrasl:a,become immediately due and payable without �
<br /> ;� further nolice,and thr amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the ��
<br /> �. date uf exercise of said option,bcar interest ai�he maximum legal rale,and this mortgage may then be foreclosed to satisfy the amount due on said .
<br /> bond,and any other bond for adJitiunal advances,tugether with all sums paid 6y said The Fyuitnble Building and Loan Association u(Grand Istand, .
<br /> � Nebr�ska(or insurance,taxes and auessntents,and abstmcting extensiun charges,with interest thereon, from date oC paymen[ at the maximum .
<br /> Icgalrale.
<br /> As provided in d�e Dond secured heceby,while this murtgage remains in effect the moetgagee may hereafter xdvance additional sums to the
<br /> "� makers oC said 13ond,Uieir assigns ur successors in inlerest,which sums sltall be w•iihin the security of this mortgage the;ar„e as 4m funds origina(ly �
<br /> secured thereby,Ihe total amount of principal debt nol to excced nt any time the origina]amount of this mortgage. ' �
<br /> � J�eJ th' t day of JanuarY :�.n.,tv 77 �
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<br /> oy . awson MarY E en S awson �
<br /> STATE OF NEBRASKA,�ss. On this 5th Jay o( January 19 �� ,beforc me,
<br /> COUNTY OF HALL ^,j
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<br /> L1oyd J. Slawson and Mari Ellen Slawson, each in�"iss��an�'�er"���n��r`ig�°�an��as°s�'OUSena101y,�dR,e
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<br />�. � each other 10h0 dP2 personallyknownto �
<br />� mt to ba the idenlical perwn 5 K•hose name s are affixed to thc above instrumenl as mortgegor S and theyuverally ,�
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<br /> ac}:nowledged the said instrument to be thei r voluntary act and deed. " �"�� ;� ,� %� �
<br /> x' W7TNCSS my hand and Notarial Swl the date aCoresaid. �, � �
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