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<br />Filed' for recor Pale-Z---3Ga�1�'f
<br />Fisrer.Register of Deeds;.
<br />of . de 13ebr,ska
<br />MORTGAGE Hall Cotuity+
<br />h10RTGAGE LOAN N0. L 21553
<br />That n his and
<br />PRESENTS: Th wthon each i
<br />'�• KNOW ALL MEN BY THESE PdUI V. Cawthon and Evelyn L. Ca ,
<br />..her own' rig ht and as Spouse of each other, Mortgagor; ivltether 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. L21 553 , do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT FORTY-THREE (43), CAPITAL HEIGHTS SEVENTH
<br />SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />together -with all the tenements, Iereditaments and appurtenances thereunto belonging, including attached floor coverings, allwindow 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-toor used in connection, with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall 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 sliall become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated in,the sum of S 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 />may beexercisedat any time during the,existence of such
<br />applied toward the discharge of said mortgage indebtedness; these rights of the mortgagee
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are i,upon the Condition, That if the said Mortgagor shall xepay�. 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 interest and. principal on said loan, on or before
<br />the Twentietlr day of each a 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 />•37 , 500.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the agreements and conditions of the Bond for S
<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 montlis 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 forthwitii 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 TheEquitable 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 />bend, 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 aritount of this mortgage.
<br />D, ed tl is 15th day of April A. l9 75
<br />au
<br />4 on velyn L. ' awthon
<br />STATE OF NEBRASKA, ss On this 1 5th day of Apri 1 19 75 ,before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, personally came
<br />Paul V. Cawthon and; Evelyn L. Cawthon, each in 'his and her own right° anares ppo°" eyuso10`°"tO
<br />each other,
<br />me to be the identical person S whose name s are affixed to the above iqstruTcr 'as mortgagors and they severally
<br />acknowledged the said instrument to be their voluntary act and deed.
<br />WITNESS my hand and Notarial Seal the date aforesaid.
<br />Commissibnexpires. OLSON
<br />GENERAL NOTARY Notary Public
<br />St. -,to. of Nebraska
<br />3-73-2M im y Commission Expires
<br />November 12, 1975
<br />y79
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