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<br /> 78-� �1Q����
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<br /> MC3R7GAG5 sr
<br /> � MORTGAGE LOAN NO. � 23�034 � t,
<br /> # KNOW ALL MEN BY THESE PRESENTS:That W1��'I dt0 J. Lawton and Marci.�a J. Lawton, each i n �, ,x•\ F���;
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<br /> �; his and her own right and as spouse of each other � i
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<br /> :r Mortgagor,whether one or more,in consideration of tha sum of
<br /> •.,, Thirty One Thousand Five Hundred and No/100----------- _______________________ � ` ��
<br /> ,•� DOLLARS
<br /> losned to said mortgagor by The Equitab(e BuIIding and Loan Aswciation of Grand I�land,Nebraska,Mortgagee,upon 3�5 shazes of atock of � ,`�k
<br /> � said ASSOCIATION,Certificate No.L 3Q ,do hereb
<br /> � described real esiate,situsted in Hall Coun3y'�Ae6raska: y��t,eonvey and mortgage unto the said ASSOCIATION the following r -'
<br /> ' ? SOUTHERLY SIXTY THREE (63) FEET OF THE WESTERLY THIRTY t+�
<br /> ? FIYE (35) FEET OF LOT FIVE (5) TN SLOCK EIGHT (8j IN H. 6. z , �:
<br /> ' CLARK'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY `r
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<br /> 3 NEBRAS KA. ,�;
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<br /> ; � � together with all Ihe tenements,hereditaments and appurtenances thereunto belon ' fe'����
<br /> , gu�g,induding attached floor coverings,all window screrns, ; �
<br /> �( ., �window shades,blinds,storm windows,awainga,heating,air conditioning,and plumbing and water equipment and xccessories thereto,pumps,stoves, �• k'x'��'`�,��r,
<br /> , refrigeralors,and other fixtures and equipment now or hereafter a[tached to or used in connection with said reat estate. , i ���,
<br /> � And whereas the said mort or has a reed and does hereb a ce that the mort a or shal�and wlil x; '�
<br /> 8a6 8 y BI g g pay att taxes and asvesaments levied or �r.�"
<br /> ' _�asxssed upon said premises and upon this mortgage and the bond secur£d tt�e yyg fore the same shall become delinquent;to furnish appzowed � _ ,,,,,.:
<br /> . insurance upon the buildings on said premius situated in the sum of 5 31,`J��.OU payable to said ASSOCIATION and to deliver to said "r �„t.�.�.�,Y
<br /> p � . � AS50CIATlpN the policies fur said insurance;and not to commit or permit any waste on or about said premises; s ,� �z".��
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<br /> ( � � In case of defautt in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mongagee shall, � a'���'
<br /> ,.� on demand,be entiUed to immediate possession of the mortgaged premises and the martgagor hercby assigns, transfera and sets over to the E°''�
<br /> mortgegee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shell remain- ; � � �.;��
<br /> � unpaid;and the mortgagee shall have the power to appoint any agent or agrnts it may des've For the purpox of repairing said premises end renting � w�'`'�R'
<br /> , �the same and collecting the mnts,revenues and inwme,and it may pay out of said income all expenses of repairing said premises and necessary ,� n`�r�:
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<br /> � commistions and expenses incurred in rrnting and managing the same and of collec[ing rentals therefrom; the balance remaining,if any,to be t,
<br /> `�. � . �applied toward the discharge of said mortgage indebtedness;these rights of ihe mortgagee may be exercised at any time during the existence of such
<br /> �default,'vrespective of any[emporary waiver of the same.
<br /> � � � Thex Presents,however,are upon the Condition,That it the said Mortgagor shall repay said loan on or before the maturity of said shares by �
<br /> ,��� payment;pay monthly to said ASSOCIAT[ON of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> the Twentieth day of each and every month,until said loan is fully paid;pay all taxes and assessments levied agains[said premises and on this Mortgage ,
<br /> � and the Bond ucured thereby,before detinquency;furnish approved insurance upon the buildings thereon in the sum of$ 31.J���.�� payable x
<br /> i . ��to�said ASSOCIAT[ON;npay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments�and insurance with interest at
<br /> F� . the�maximum legal rete thercon Gom date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises;keep and comply ;'
<br /> with all the agreemmts and conditions of the Bond for S 31.SOO.00 this day given by the eaid Mortgegor to said ASSOCIATION,and compiy M�
<br /> with all the requircments of the Constitution and By-I.aws of said ASSOCIATION; then theu presents shall become null and void,othe�wix they
<br /> � shaII remain in full Corce and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> payments or be three months in arrears in making said monthly payments,or to keep and comply with the agreements and canditions of said Bond;
<br /> and�Mortgagor agees to have a receiver appointed Corthwith in such foreclosure proceedings.
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise,then the entire remaining indebtedness hereby �
<br /> '� � � �. aecured shall,at the option of The Eqtitable Building and Loan Aswciation of Grand Island,Nebraska,become immediately due and payable wiihout � �
<br /> furthcr 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 legal rate,and this mortgage may then be foreclosed to satisfy the amount due on said
<br /> .-.bond,and any other bond for additional advances,together wi[h atl sums paid by said The Equitable Bu�7ding and Loan Association of Grand[sland, �
<br /> "� � Nebsaska for insurana,taxa and asxssments,and abstraeting extension charges,with interest thereon, from date oF payment at the maximum � �
<br /> � . �egat rate. � �
<br /> w; .. As provided in lhe Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the �
<br /> make of� 'd Bond,their s or successon in interest,which sums shall be within the security of this mortgsge the same as the funds originally
<br /> � �.sec� �th reby,the total o � of principal debt not to exceed at any time the original amount oC this mortgage. � ��
<br /> d 1 th L.�G v�r March n.n.,iv 78
<br /> � �� m ��� � a
<br /> �Marcia J. `Lawton
<br /> �STATB OF NESRASKA.t �. On this l�th day of March 19 7$ ,before me,
<br /> COUNTY OF HALL j -°^c'ti°
<br /> �� " � the undersigned,a Notary Public in and for said County,personally caroe „ }
<br /> Wi�liam J. Lawton and Marcia J. tawton,each in his and her own right and as spouse of each 4<
<br /> �ot�ler . . .. . .. . _. wnu are peraonauyknown co J � �%��>; ,.a
<br /> me to,be the identiwl peraon S whox nsme S �d�-@ affixed to Uu above instrum� ai m tgagorg and they u��r ;
<br /> aekaowledged 4he said instrument to be thei r �o�,,,,e,�y a«�a a�a_ �' ,� �� ,
<br /> �WlTNESS my hand and Notarisl Seal the date aforesaid.� . . ,.;�. i;�,.
<br /> y My Commission expires �,i "iy7 / �
<br /> ��L'�' ��� - Gv.�s i
<br /> � �MERAlKO'fARY-St�tevtNe6nsYf� -'�r ot / ubh� �
<br /> �"aiAtt n[ JOY.AA_@EAZLEY - .
<br /> �� . _�kAy Crnnm.fi��Sop4 1.1981 �'�� .
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