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Filed for record Sat_' S td. ,_ in o 0 --�
<br />MICROFILMED `of , Page
<br />Je Fisher, >3egister•of.Deeds,
<br />Hall County $- Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 21697
<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,
<br />Mortgagor whether one or more. in consideration of the sum of
<br />Thirty Nine Thousand Two Hundred and•No/100- ------ ---------
<br />DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 392 . shares of stock of
<br />said ASSOCIATION; Certificate No. L 21 ,697 , do hereby grant, convey and "mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT WENTY-FOUR (24) CAPITAL HEIGHTS SEVENTH SUBDIVISION,
<br />HALL COUNTY, NEBRASKA.
<br />together with all the tenements, hereditaments and appurtenances thereunto belonging, including attached: floor coverings, all window screens,
<br />winnow 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 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 shall become delinquent; to' furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 39 ,200.00 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, tite mortgagee sltall,
<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 avany 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 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 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 39 , 200.00 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 39 ,200.00 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, sltall, 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 />PD ted this 27th �ay of June A.D.; i9 75 n
<br />Danny
<br />aw on .
<br />STATE OF NEBRASKA,C 27th June 75
<br />j ss. On this day of 19 ,before me,
<br />COUNTY OF HALL
<br />th unders' ued' a N to Publi n a i to
<br />�a�i� f o
<br />Danny L. ,Cawthon and Sharon K. Cawthon , eac�i in i s ani Rer WR r i spS� t'i �a��
<br />each other, who are per known to
<br />me to be theidentical persons whose name s are I affixed to the above instrument 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 />jMy MAffniftkUS �lpir s G r✓
<br />r_ GENERAL NOTARY O�—�. / Y� / 7
<br />Erl, State of Nebraska Notary Public
<br />3 73 2yVl
<br />i�'F��rT`rq Niy commission expires
<br />'�:,2�:,�.b.. November 12, 1975 /
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