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<br /> 0 MORTGAGE .
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<br />� MORTGAGE LOAN NO" •L 22;022:,.•...;,--.',.-; r• " ,s,'r �4
<br /> � KNOWALLMENEY4niESEPRESEMTS That;. William J Lawton and Marcia J Lawton, each in.:hi's and f fK,t S.X•i.r'P`, ?
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<br /> I, her owniii0ht,and'aS sppouse of,each other, Mortgagor whetheronsormom,inconsiderationoftlte,sumof.". . rys a;`aq ,PF,y'tr^ ^O
<br />, , I� 3 Twenty Thousand SeVen Hundred,?;and,No%100 --= --_-_ -___c __ _ g !r �, n
<br /> 'DOLLARS • 4-.-, r
<br /> ,' ` Itunctl to card rtwrigagar i*The EgWtable'Bwidingand Loan-Aasodation of Grind Island;Nebraska;Mortgagee,upon 2 07 shares•of stock of `r 5 5 , 3f h v�
<br /> tiV. 3 said ASSOCIATION Certificate No L 22ip9Qf , ,do'hereby'grant;.convey and;mortgage.unto;the'said ASSOCIATION thefollowin ti 'fib "` ,� ��
<br /> 14, desanbed real estate,situated in Hell County Nebraska � 1 u5 e rr'§
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<br /> �f' LOT ONE:(1) IN BLOCK TWELVE.(12) IN • • Z 3's tZt
<br /> PACKER & BARB'S"ADDITION'TO THE t;
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<br /> ';' CITY"OF GRAND ISLAND, NEBRASKA: ` °f`,rs'1 fig
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<br />, , ' together.with.all the tenements,hereditaments and appurtenances thereunto belonging,:Including attached floor coverings,all window:screens;"._• y y{> •e.#' i$.
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<br /> window shades,blinds,storm windows,.awnings heating;air conditioning,and plumbing and water equipment and accessories thereto,pumps;atovei,'","' f tis.4}f,0 ,
<br /> y,', refrigerators,"and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br /> & hereby agreea mortgagor shall and:will pay"all,taxes and assessments levied or, i xy j'
<br /> And whereas.thrsaid mortgagor.has agreed and does that the
<br />,.`2,,* . '.assessed upon said.Premises and upon this mortgage;and the bond secured thereby before the same shall become delinquent;,to furnish approved , y tr • �
<br /> '41 insurance upon the buildings'On said premises situated in the sum of$20;700.00, payable to•said ASSOCIATION ands to deliver:to said ` `▪ .'r r , ff';
<br /> ASSOCIATION the policierfor said insurance; not to commit or permit any waste on or about said premises; i s s {# t �,s
<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 shall1",,,, wd d` r`„
<br /> on demand;'be entitled to immediate possession of the mortgaged:premises and the mortgagor-hereby;assigns transfers-and sets•over,;to the v , q" t�` t"
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<br /> mortgagee the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain.-,,,- • t r'' `
<br /> r unpaid;and the mortgagee shall have-the power to appoint any agent or agents it may desire for the purpose of repairing said_premisea and renting r 'y. ; `,�M.�14
<br />, the same and collecting the rents,revenues and income,and it may pay out of said-income,all:expenses of:repairing said premises and necessary
<br /> & commissions and expenses incurred in:renting and managing the same and.of•collecting:rentals therefrom:the balance-remainin ;if.any,to b 1 r` 'rte
<br /> s,. applied toward.the ischargeof-said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such" r> %;
<br /> default,irrespective of any temporary waiver of the same.
<br /> + These Presents,however,are upon the Condition,That if the raid Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> ,, payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest'and principal on said loan,on or before r
<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 v v
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<br /> and the Bond secured thereby,before delinquency,furnish approved insurance upon the buildings thereon in the sum of S 20,700.00. payable -1":"..,,--.1',;'-'24-y,4',,,,4,.4'.,'-1,'-'41,,,R,
<br /> to said ASSOCIATION;repay to.said ASSOCIATION Upon demand all money by it paid for such taxes,:assessments and insurance with interest at • rE �;
<br /> e-'1:0 3 , the maximum legal.rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply, 5
<br /> with all the agreements and conditions of the Bond for S 20,700.00 this day given by the said Mortgagor to said.ASSOCIATION,and comply ,,▪ ', +t i.
<br /> t r f'▪ with all the requirements of the Constitution and By.Laws of said ASSOCIATION;then these presents shall become null and void,•otherwise they "
<br /> • shall;remain in full.force and may:be foreclosed at theoption of the said ASSOCIATION after failure:for three months`to make of mid s.
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and conditions of said Bond; '
<br />/k and Mortgagor:agrees to have a receiver appointed forthwith in such foreclosure proceedings. ' ,
<br />• r If there is any change in ownership of the real estate mortgaged harem,by sale or otherwise,then the entire remaining indebtedness hereby a y
<br /> ,it`(-f secured shall,at.the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> a further notice,-and,the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the o
<br />'4'.,),,,,t1;•:-; date of exercise-of said option,bear-interest at the.maximum legal rate,and this.mortgage may then be foreclosed to satisfy the amount due on said ▪ t
<br />• F.L bond;and any other.bondfor additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand Island," `
<br /> ft i t'.Jkbraska bor insurance t les andassessments,tents;and abstracting extension charges,with interest thereon;from date of payment at the maximum
<br /> legal rate ;
<br /> As' provided in the Blind secured hereby,whit this mortgage remains in effect the mortgagee may hereafter.advance additional sums to the" ,a
<br /> ,gT airs said B nd ttheiir assigns orfsu . •rs in i crest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> r )m rincipal de• not to exceed at any time the original amount of this mortgage.
<br /> i s t , .fr fD elide a • 9t -"` d of. • March A.D.,19 76
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<br /> ; Aft 11 am J. Lawton Marcia J. awto -."2 g-... J �;
<br /> AS �W
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<br /> a t STATE'OF NEBRASKA, ▪ sir`
<br /> # , • COUNTY'OP HALL}as On this 9th • day of ' March 1976 ,before Inc; t n
<br /> he undersigned,a Notary Public in and for said County,personally came ,r. I r
<br /> • William J Lawton and Marcia J. Lawton, each' n his and her own right and as spouse.13f, 1-1.,:',•.,'"-g
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<br /> s ii eaC t` •• a • who are , personally known to :-- r,y
<br /> '.:4:„ n S whose name S'-are affixed to the above instrument as mortgagor S and they severally f y j i s
<br /> ,„-,"4„.,1,7.1!..-;.,,-,- a T" ntto be .thei r' voluntary act and deed: •y s
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<br /> 1..":"b•,-4'•at7, 9 a.my hand and Notarial Seal the date aforesaid F°t
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<br /> if" ; COMMISSION / aexpirca'• 31 111 to ▪ u
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<br /> w, y �9� otary Public
<br /> t� f i't,, OF.NEER -
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