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<br /> MORTCAGC ---
<br /> n�oaTcnGG LOAN N0._.L 22.191
<br /> KNOW ALL A1GN DY THF,SB PIif:SENTS:Ttiat Wi 11 i am J. Lawton and Marci a J. Lawton, eac h i n hi s and
<br /> rher own right and as spouse of each other,
<br /> � ___–____blurtgagor,whcther une m mure,in consideration of the sum of
<br /> Nine Thousand Two Hundred and No/100------- --'--"-""'-'oo[.LnRs
<br /> luaned to said mortgagor by'Che 8yuitable lluilding anJ Luan Assuciatiun of Crand Island,Nebraska,9lurtgagee,upon 92 shares o(stuck of
<br /> - said ASSOCIATfON,Certificate Nu.L z2��9� ,do hereby grant,convey und mortgage unto the said ASSOCIATION the following .
<br /> . described real alate,situated in llall County,Nebraska: �
<br /> LOT ONE HUNDRED SEVENTY-TWO (172) IN
<br /> BUENAVISTA SUBDIVISION, AN ADDITION TO
<br /> THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRASKA.
<br /> � together widi all ihe �enements,he«di�amems anJ appurtenances thereunto brlonging,including attached Iluor coverings,all window screens, �
<br /> window shades,blinds,storm windu���s,awnings.I�eatine,uir conditioning,aud pluinbing and water equipment and accessories ihereto,pumps,stoves,
<br /> � refrigerarors,and otlier fixtures and eyuipment now or here�(�er attaclied tu or used in cunnection with said real estate.
<br /> � And e-hereas lhe said murtgagor has ag�red and does hcreby agree that the murtgagor shall and will pay all taxes and assesnnent:levied or
<br /> �� �ssased upon said premises and upun�his mortgage and the bund secured lhureby befure the same shall bacome delinquent;ro furnish approved
<br /> �. insurance upon the 6uildings cn said pnmiszs situated in the sum of 5 ��Z��.�� payable to said ASSOCIATION and to deliver to said �
<br /> ASSOCIATION the policies for said insurance;and no�to commit ur permit any waste un or about said premises;
<br /> ' In cax u(default in ihe perfurmance uf any uC the terms and conditions uf this mortgage or the bund secured hereby,the morigagee shall,
<br /> on dcmanJ,bc eniided to immedia�e possession of the murtgaged premisrs and �he nwngagon c�reby assigns, transfers and sets over [u thc
<br /> - mongagee all the rents,revenues and incume to be derived from lhe mortgagrd premises during such time as die mungage indebtedness shall remain
<br /> unpaid:and lhe mur�gagee shall have thc po�ser to appoint any agent or a�cnts it may desire(or the purpose of mpairing said p�emises and renting
<br /> � the same and collecting ihe�ents,revenues and income,�nd it may pay out of said incume all expenses of rapairing sxid premises and necessary �
<br /> � commissions and expenses incurred in ren�ing and managing Ihc vme�nd uf collectine �entals tliere(rom;the balance rtmaining,if any,to be
<br /> applied m�vard�he dis�:harge uf s�id nw�igage indebtedness:tltese righ�s o(the mur�gagee nmy be exercised at any time during the existena of such
<br /> . default,irrespective of any tempur�ry e�ai��er of�he same.
<br /> � Thrse P�escnts,howeeer,are upon tlie Cundi[iun,'fhnt i(lht said 11or�gagor shall rcpuy said loan un ur befoec the mawrity of said shares by
<br /> �. p�yment;pay monthly tu s�id ASSOGAiION of the sum sptcificd in the 13und secured hereby as interest xnd principa!on said loan,un or be(ure
<br /> �he TweNieth day of eaclt and every munth,until said loan is(ully paid;pay all iaxes and assessmems Icvied agsins[said premises and un this!�turteage .
<br /> %'` and the 8ond secured thereby,be(ure delinyuency;lurnish approved insurance upon the buildings thereun in the sum of S 9 200.OO. P����1d
<br /> �. lo said ASSOCIA'lION:repay to said ASSOCIATION upun dem�nJ all nwney by it paid for such taxes,assessments and i��surance wLLh inurest at
<br /> the m�ximum legal ratr thereon frum date o(pa�•ment all uf which lfortgagor hereby aerres w p�y;permit nu waste on said premises;keep and comply
<br /> �� wi�h all the agreements and conJitions ol tha i3unJ for S9 900 (� �his Jay given by the s�id�longagur w mid ASSOCIA7I0�,and cumply
<br /> with all�he requirements u��the Cuns�ituliun and 6y-Laws u7 s�idRSSO('IA77UN;then these presrnts shall becume null and void,uthcnvise they
<br /> shall remain in(ull furce�nd may be fu�rclused at the optiun o(ihe said AS50('IA7'ION �(ter failua lor three months tu make any ui s�id
<br /> ' paymcnts m be Ihrce munths in ancars in making said munthly p�ymcnis,or to kecp and cumply wi�h thc agrerments and conJitions oC said Bond:
<br /> R and Dinrtgagur agrees tu have a receiver appuinted forthwith in such lorcclusurc pruceedings.
<br /> If there is arry dmnge in ownership of ihe real evaie morlgaged herein,by sale ur otherwise,then thz cntire remaming indcbtednas here6y
<br /> seeured shall,at ihe option o(1'he fiyuiiable 8uilding and Loan Assuciatiun of G�and lsland,rebraska,becume immediately due and payable without
<br /> funher notice,and the amount remainine due under said bond,anJ any u�hcr bund for any additional adt^nnccs made tliereundar,sLall,from lhe
<br /> + d�te of exercise u(ssid uption,bear in�erest at the maximum legal rate,and this mmtgage may then be foreclused to satis(y Ihe amount due on said
<br /> bund,and any otl�cr bund for additiunul advances,togethcr wiU�all sums paid by said The Gquitable Building and Loan Associatiun o(Grand Island,
<br /> " NebrasAa for insurance,tuxes and assessmenls,and abstracting extensiun charges,with interest thereon, fmm dute uf payment at the maximum
<br /> Icgalratc.
<br /> As provided in d�e Bond secured hereby,while d�is mur�gage remains in effect the murtgagee may hereafter advance additional sums tu the
<br /> makers of said Bond,their assigns ar successars m mterest,which sums shull be within the security of this mortgage the same as the(unds originally
<br /> ?� secured Ihereby,Ihe total amuunt uf pri cip�l debi not lo exceeJ at any time ihe original amount of this murtgage.
<br /> n�� 'u`S 2ast� �y�r Ju e ,�.n..��� 76
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<br /> 41i 11 i . Lawton '
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<br /> � Marcia . Lawton �
<br /> 'STATG OF NC•BRASKA,j 19 ,before me,
<br /> 5s. o�,�n�s 21 st ��v�f June 76
<br /> ' COUNTY OF I IALL� -:� .r.,:"
<br /> .— � f¢unders�� d,a Notary Publi and(r said Cuuntv, ersn ally c• e � . �.�
<br /> W9`Tliam J. Lawton and Marcia J. Lawton, each in �is an�'�ier own rig�i� an�'as spous� o�eac`'�i N:',;�
<br /> L other, _; '"h� are persunallyknownto }
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<br /> . me tu be the identical person g ��i�ose�n,n 5.L aFe����ilf�xed to the above inslrumcut�s mortgagor S and they secerally y.
<br /> cknowled ed the vid instrument to be t �Tl'. �otunr�ry6ct�Md dced. � �
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<br /> N'ITNGSS my hand and I�� ul Seal the daCe aFu�uJ. � t!�
<br />"' Aty Commissivn expires���G�'�� �nj'7� �I / ����!�i2��� _ �
<br />�� . � � / — '�utary Public �
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