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<br /> i8� 901.�30
<br /> MORTGAGE
<br /> MORTGAGE LOAN NO. L 23,019 MG I C �
<br /> KNOWALLMENBYTHESEPRESENTS:That Kevin G. Lawrey and Janice Lawrey, each lll h15 and
<br /> her own right and as spouse of each other
<br /> � ___Mortgagor_whether one or more,in consideration of the sum oC -�
<br /> Thirty Tfiousand Six Hundred and No/100---------- --------�L��
<br /> `��� loaned to said mortgagor by The Equitable Building and Luan Association of Grand Island,Nebraska,Mortgagee,upon 306 shares of stock of �� � �
<br /> raid ASSOCIATION, Certificate No.L 23��19 MGI,Cdo hereby grant, convey and mortgage unto the said pSSOCIATION the following .� .
<br /> deuribed real estate,situeted in Hall County,Nebraska: � . �
<br /> � LOT NINE (9), BLOCK SIXTEEN (16),
<br /> �� IN RUSSEL WHEEIER'S ADDITION TO
<br /> THE CITY OF GRAND ISLAND, NEBRASKA.
<br /> together with all the tenements,hereditaments and appurtenances thereun[o belonging, including attached tloor coverings,all window xreens, �
<br /> ! window shades,blinds,storm windows,awnings,heating,air conditioning,and plurnbing and waterequipment and accessories thereto,pumps,stoves, � � ��
<br /> ��� refrigerarors,and other fixtures and equipment now or hereaftec attached to or used in connectiun with said reaI estate. � . �
<br /> � . And whereas the said mortgagor has agreed and does hcreby agrce that the mortgagor shall and will pay all taxes and asussments levied or �
<br /> � assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinqumt;to furnish approved � �
<br /> ; ' insurance upon ihe buildings on said premises situated in the sum of S $�,6��.�� payable to said ASSOC[ATION and to deliver to said -� � � �-�;
<br /> . � ASSOCIATlON the policies for said insurance;and not to commit or permit any waste on or about said premises: � . ' �
<br /> i � In case of default in the performance of any of the terms and conditions oC this mortgage or the bond secured hereby,the mortgagee shall, �
<br /> >� on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the . ,
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premixs during such time as the mortgage indebtedness shall remain .
<br /> . unpaid;and the mortgagee shall have the power ro appoint any agen[or agents it may desire for lhe purpose of repairing said premises and renting _ . � ��
<br /> �f � the same and collecting the re�ts,revenues and income,and it may pay out of said income alI expenses of repairing said premises and neassary � . � � �
<br /> � commissions and expenses incurred in renting and managing the same and of cotlecting rentals therefrom; the balance remaining, if any,to be � � � � .
<br /> ��i . applied toward the discharge of said mortgage:ndeb[edness:these rights of the mortgagee may be exercised at any time during the existence of such
<br /> .? default,irrespective of any temporary waiver of the same. � � � _ �
<br /> . a
<br /> These Presents,howevec,are upon the Condition,That if the said Mortgagor sha0 repay said loan on or before the maturity of said sharcs by - �� �
<br /> paymrnl;pay monchly to mid ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said toan,on or before . � �
<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 �. � . �
<br /> . and the Bond secured thereby,before delinquency;furnish approved insurance upon the 6uildings thereon in the sum ot S 30�6��.�0 payable � . .
<br /> �� to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such caxes,assessments and inswance with interest at �� � �
<br /> the maximum legal rate thereon from date of payment all of which Mortgagor hereby agreu to pay;permit no was[e on said premises:keep and comply . �� �
<br /> with all the agreements and conditions of the Bond for 5 3�s6��.�� ehis day given by thr said hiortgagor to said ASSOCIATION,and comply , �
<br /> with all the requ'vements of the Constitution and ByLaws of said ASSOCIAT[ON: then these preunts shall become null and void,othecwix they . � -
<br /> shall remain in full force and may be foreclosed at the optiun of the said ASSOCIATION after failure for three months tu make any of said � � � . .
<br /> payme�ts 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 /> ?.j and Mortgagor agrces to have a«ceiver appointed forthwith in such foreclosure proeeedings. . � . . � �� � . .
<br /> If thue is any change in ownership of the real estate mortgagcd herein,by sale or otherwise,then the entire remaining indebtedneu hereby � . � .�
<br /> xcured shall,at the option of The Equi[able Building and Loan Association uf Crand Island,Nebraska,become immediately due and payable without . ..
<br /> further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the . - . � � �
<br /> date of exercise of said option,bear interest at the maximum Iegal rate,and this mortgage may then be forecloud to satisfy the amount due on said � . . �
<br /> �..,� bond,and any other bond for additional advances,together with all surtss paid by said The Equitable Buflding and Loan Association of Grand Islar�d, � �
<br /> Nebraska for insurance,taxes and assessments,and abstractlng extension charges, with intuest thereon, fmm date of payment at the maximum � .
<br /> legalrata � �
<br /> ..��i qs provided in the Bond seeured hereby,while this mortgage remains in effec� the mortgagee may hereafter advance additional sums to the , �
<br /> r�.; .makers of said Bond,their assigns ur successors in interest,which sums shall be within the securiiy of this mortgage the same as the funds originally � � .
<br /> -��i secured theieby,the total amount of principal debt no[to exceed at any time the original amount of this mortgaga �
<br /> j � Dated this �28th day of February A.D.,19�$ . - .
<br /> 2 ..� � -
<br /> ' + vin awr
<br /> :��
<br /> � Ja ice Lawrey +
<br /> a STATEOFNBBRhSKA, 28th February 78 �
<br /> ..)�� ss. On this day of 19 ,beFore me, t—
<br /> COUNTY OF HALL� '
<br /> ;�� ��- � the undersigned,a Notary Public in and for said County,personallY came V �' �
<br /> '£ IC��vin G. Lawrey and Janice Lawrey, eacfi in his and her own right aWh as spouse of each � �, ;, d '
<br /> 1 Other • personally known to
<br /> � me to�e the identica7 persoRS whose nsme5 are afflxed to the above insirument as mor or S and they severally )��� ,Fr,�
<br /> ' adcnowledged the said instrumrnt to be thei r ����azY act and deed. �
<br /> ' WlTNFSS my hand and Notuial Seal t2u date aforesaid_ . ���� ,y.���
<br /> i My Comtn' ' � ' �
<br /> i CENERAI N(ITA�Y-Stalc n!Mebrafts �
<br /> ,.i . . � '� JOY M.BEA7.lEY L./��� �10 ry P ic .
<br /> �1.�� My Comm.FxP-SeDt 1.2981 �
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