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<br /> AtORTGAGC
<br /> �fOR'PGAGG LOAN N0.�??�247
<br /> KNOW ALL M1iGN�Y TIIC•.Sli I'R[SGN'1'S:That Wi 11 i am J. Lawton and Marci a J. Lawton, each i n hi s and
<br /> � her own right and as spouse of each other,
<br /> �iortgagur,whether one or more,in considerution of[he sum of
<br /> , Ten Thousand and No/100----------------------------------------------------------- �oL�nt�s
<br /> loaned to said mortgagm by Tha C;quitable Duilding and Luan Assuciatiun of Grund Islund,Nebraska,�tortgegee,upun ��� shares of stock ot
<br /> . said ASSOCIATION,Cerlificale No.L 22�29] ,do I�ereby grant,convey and murtgage unto the mid ASSOCIATION the futlowing
<br /> describcd real estate,siluured in fiall County,Nebraska: �
<br /> LOT FOUR (4), IN BLOCK ONE (1) IN GLOVER'S SUB-DIVISION, BEING
<br /> A PART OF TNE NORTHEAST QUARTER (P�E'-;) Of SECTION TWENTY-ONE (21),
<br /> . IN TOWNSHIP ELEVEN (11), idORTH, OF R{UJGE NINE (9), ':IEST OF THE
<br /> 6TH P.I•1.
<br /> �, '
<br /> � togt�her with all the tenements,hcrediiaments and appunenances dizceun�u brluneing,induding attached floor coverines,all window scroens,
<br /> t� window shades,blinds,sronn windows,awnings,heatinc.air conditiuning,and plumbing and x�ater eyuipment and accessuries iherero,pumps,stoves,
<br /> rcfeicerators,and other fixtures and eyuipment now on c�realcer aUached�o ur uscd in connrciiun with said rrat estate.
<br /> And whereas the said mortgacue has a�:recd and does hereby agrce tl�at the murtg�gur shall and will pay all taxes and assessments levied ur
<br /> xssessed upon said premixs and upon d�is mongage and�he bund secured thcrel>��beiure the same shall become delinquent;ro fumish appmved
<br /> inwrance upon the buildings un said premises situatrd in the sum ol S�O����.0� pa)'able tu uid ASSOCIATIOtv and to delive�to s3id
<br /> . ASSOCIATION the pulicies tbr said insurancr.and not tu cummit ur pc�mit�ny waste on or a6out said premisee: �
<br /> � In esse of defaidt in the per(urmance of any o(the tenns and conditions uf�his moneage or U�,6ond secured hereby,the mortgagee sh�ll,
<br /> , un Jemand,be entitlyd to immediatr pussession of ihe mungaged pr�:nires and the mrnicagur hereby nssigns, transfers and aets uver to ihe
<br /> - mortgagce all the rents,revenues and inrome tu be derived from the nwrtgaged pcemises during:uch time as the murtgage indebtednzss shall remain
<br /> unpaid:and the mongagee shall have d�c pu���er tu appoinl any�eent or agents it may Jcsire(ur the purpuse ol repairing said premises xnd renting
<br /> � the same and cullecting d�e rents,revenues�nd income,and it may pay uul of said incume all espenses of repairing said premises and ntcessary
<br /> �(- ; cunvnissions�nd expenses incurred in ren�ine and manxging�he came and n(cullecting rentals there(mm; the balance remaining,if any,to 6e
<br /> � � applied inward the discharge of ssid murtguge indebtedness:these«glrts o(the mortg�eec m�y be exercised at any time during the existence o(such
<br /> f� � default,irrespective o(a�ry�emporap•wai��er oC the same.
<br /> Thcse Presents,hu�vzver,are upon the Cundition,That i(the said 3lortgagur sh�ll repay s�id lo:v�on or befure the maturiry o(said sharesby
<br /> s � payment:pay motuhly to said:1SSOC1ATI0\uf ihz sum specified in die BonJ sacured hereby as intcrest�nd princip�l on said loan,on ur before
<br /> � the Twemieth J���uf each�nd e��er}'month,until said luan i:(ully p�id;pay alI tases and asscssments levied aeainst said premises and on this Afongage
<br /> ;�� � and the Dund secured thereby,beforc dzlinyuency;(umish appru��ed insur�nce upun ihe buildings ihereon in ihe sum ui�O���Q.Q� p��mbie
<br /> �, ro said ASSOCIATI01:repay tu said ASSOCIATIOV upon demand all nwner by it paid fur such taxts,assessments and msurance with intereet at �
<br /> � � the maximum Iegal�ate therron from d�te of paymrnt all o!which lforigucur tiereby ag�ees«�p�}•:permit no wuste on said premises;keep and cumply
<br /> w'i�h all ihe agreements and conditiuns oi the Hund f'u�S 1 O�0��.������s day @i��rn by the�id 9lortgagur to s�id ASSOCIATION,und cumply
<br /> e'ith all tht requitemrnts o(thz ConstitWion and ByLaws ot said ASSCH'IATION:then tl�ese presanu iliall become null and void,othera�ise they
<br /> f� sfull remain in full(orce and It181'I)C(orccluud at�he uption uf the taid ASS(K'IA'f10\ a��er failure �ur three months to makt any of said
<br /> ��yments ur be thrcr munths in ar�ra�s in making said mundd}•puymems,or tu kccp�nJ cumply with che agreements and condieions ot s�id Uund:
<br /> and 9lottgagut aerees to h�re a receirer appointed IurthH'ith in such lu�eclosure pioceedings.
<br /> I�Illt'fC IS BfIY CI1JI1�'l'IIl ON'fll'fSlli�UI IIIL`(l':II d5l'Jll'IllOfl�;��'L'lI I1PIC10,by'Shcl'u�uthcrwise,then the entire remaining indebtedness hereby
<br /> i. sacured�h�ll,at the uptiun u(The f:yuitable[iuilding end Loan Associ�iion uf Gr;�nd Island,Nebraska,becume immediately due and p�yable without
<br /> . (urthe�twtia,and lhc amuunt remaininF due under said bund,and any uther bund for any addition�l advances made thercundcr,shall,from the
<br /> 7, Jatc uf exrrcise of s�id option,bear inte�cst at thc maximum Icgal ra�c,and this murtgage may then be f ureclused to s�tisfy thc amount due on said
<br /> ` bond,and any other bond for aJditiunal advances,together w�ith all smns paid b}�said The Lquiteble Building and Luan Associatiun ol'Grand Island,
<br /> { Kebraska(or insurance,taxes and a:srssmrnts,and:+bstr:�cting estensiun d�arges.���ith inte�rst thereon, from date u(payment at the maximum
<br /> legal ra�e.
<br /> As pruvidad in the Bund secureti hereby,while this murtgage rem�ins in ell'ect the nwrtgegee may hecea(ter advance additional sums to the
<br /> mxkers ot saiJ[�ond,their assigns or successurs in inte est,which sums�hall be within�he security of this mortgnge the sama as the funds uriginally
<br /> xcured t reby,the toyal amoun�( ripcipal debt to exceed�any time the original amount of this mortgage.
<br /> : I eted tlPs 1 ��' �q uf (,��{, A.11 I'J /� .
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<br /> � Wi iam . Lawton I�arcia J. Lawton�
<br /> STATL'OF NGBRASF:A, ss. On this 1$th daY of August 19 ]6 ,be(ore me,
<br /> E COUtiTY OF IIALL} . �
<br /> �he undersigned,�tiutary Public in and for said Cuunty,perwnally came � :�.+F_+:�'
<br /> William J. Lawton and ��arcia J. Lawton, each in his anc� her own right and as spouse of ey .�
<br /> each other, ��hu dre Personsllyknuwntu y '..
<br /> � �r
<br /> me to be the iJentical person g whose nama 5 are •ff���ed W ihe above instrysr(ent as ortgagor 5 and theY severally �. �
<br /> � acknowledged the sxid instrumenl to be thei r voluntary act and Jeed. ( i � 'i r '
<br />„�. 1l7TNL'SS my hand and 4utarial Seal Ihe date aforasaid. ` '�� � �
<br /> i.—._._._._,__ 11y Cummission expires ' ` // �
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