|
:. Fi ed: -for reaorri�ati:o?/ /��-s" at n,2 k ✓��
<br />Je Fisher, Register of Deeds,. '
<br />MORTGAGE AB����",� tJahr�.,t.fl
<br />MORTGAGE LOAN hj0. L 21, 523
<br />KNOW ALL MEN BY THESE PRESENTS: That Danny L: Cawthon and Sharon K. Cawthon,• each in 'his • and
<br />-her own right 'and as spouse of each other, Mortgagor, whether one or more, in consideration' of the sum of
<br />Thirty-seven Thousand Five Hundred and No/100------------------------'-----=- ------ DOLLARS'
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 37 5 shares of.stock of
<br />said ASSOCIATION; Certificate No. L 21 ,523 , do hereby grant, convey and mortgage unto the said ASSOCIATION the "following:
<br />described real estate, situated ih Hall County, Nebraska:
<br />LOT TWENTY-SEVEN (27) CAPITAL HEIGHTS SEVENTH
<br />SUBDIVISION, IN -HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor sltall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same sltall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in the sum of $ 37 500.00 payable to said ASSOCIATION and to deliver to said,
<br />ASSOCIATION the policies for said insurance; and not to commit or permit any waste on or about said premises;
<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 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 premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting'.
<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 remaining, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; 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 />These Presents, however, are upon the Condition, That if the said 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 intdrest 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 against said premises and on this Mortgage:
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 37 , 500.00 payable.,
<br />to said ASSOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and insurance with interest at
<br />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
<br />with all the agreements and conditions of the Bond for S 37 , 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />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 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 conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith 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 />secured shall, at the option of The Equitable Building and Loan Association of Grand 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 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 with all sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, taxes and assessments, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />.legal rate.
<br />As provided in the Bond secured hereby, while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or successors in interest, which sums shall be within the security of this mortgage the same as the funds originally'
<br />secured thereby, the total amount of principal, debt not to exceed at any time the original amount of this mortgage.
<br />ted this 2 St day, f March A.D.; 19 75
<br />„
<br />DannyL. C wthon Sharon K. Cawthon
<br />STATE OF NEBRASKA, 'ssOn this 21 St day of March 19 75 , before me,
<br />COUNTY OF HALL
<br />the undersigned; a Notary Public in and for said County, personally came
<br />Danny L. Cawthon and Sharon K. Cawthon, each in his and her own ri%ht and as spouse of
<br />each other,
<br />me to be the identical person S whose name S are affixed to the above instrument as mortgagor S and they severally
<br />owe ed t to sat jp}y�tggt >-lWry heir voluntary act and deed.
<br />t
<br />WITPgEIiff (it}itt�#tidiaflsfdVNot irial Seal the date aforesaid.
<br />Mw tate, of Nebmake
<br />Novem r 975. Notary Pub tc
<br />
|