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Filed for recorri xZL—�_- /Z A97�_a't W'Q in 7 Q ('I
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<br />jeoAvIftsher, Re.-ister of deeds
<br />009792
<br />Hall County, Nebraska
<br />MORTGAGE 4f1C1?0F
<br />MORTGAGELOANNO. L'21825i
<br />KNOW ALL MEN BY THESE PRESENTS: That Danny L. Lawrence and Deborah E. Lawrence,` each�in his
<br />and her own right and as spouse of each other,- Mortgagor, whether one or more., in.conside I ration of the. sum of
<br />Ten Thousand and No/100 ----------------------------------------------------------
<br />-DOLLARS
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 100 shares of stock of
<br />said ASSOCIATION, Certificate No. L I 21V do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate,. situated in Hall County, c�raska:.
<br />LOT ONE (1), IN BLOCK THIRTY-ONE (31). IN
<br />RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />together. wftli all the tenements, hereditaments and appurtenances thereunto belonging, in ' cluding attached floor coverings, all: window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbing and water equipment and accessories theretoj 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 t , hereby before the same sliall become delinquent; to;furnish approved
<br />insurance upon the buildings on said premises situated in the sum of S 10 , 000 . 00 payable to said* ASSOCIATION and'io de'liver 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 indebteaness shall remain
<br />unpaid; and the mortgagee sliall have the power to appoint any agent or agents it may desire for the purpose of repairing said prehlises 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 premimi and necessary
<br />commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaini�g, if any, to be
<br />applied toward the discharge of said mortgage indebtedness; these righti of the mortgagee may be exercised at any time during tlle'�ekistence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, are upon tile Condition, That if the said Mortgagor shall repay said loan on or before the maturit'� of said sliare� by
<br />y .
<br />payment; pay monthly to said ASSOCIATION of tile sum specified in the Bond secured hereby as interest and principal on said loah, 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 10 , 000. 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 10 , 000. 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 sliall become null 'and void, otlie'rwise 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 tile real estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hereby,
<br />secured sliall, afthe 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 gaid 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 addi ' tional ' 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 th6 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 sliall 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 />Dated this day of A. D
<br />12th September 19 75
<br />4�
<br />Danny L.,,rawrence -Deborah E'._Lawrenue
<br />STATE OF NEBRASKA,
<br />SS. On this 12th day of September 19 �75 before me,
<br />COUNTY OF HALL
<br />the undersigned, a Notary Public in and for said County, pers�nally came
<br />Danny L. LaWmhce and Deborah E. Lawrence, each in -his and her own right and as!spouse,
<br />of each other,,. who are personally known to
<br />me to be the identical pe rson S whose names are affixed to the above ins t as mortgagor S and Key severally
<br />acknowledged the said instrument to voluntary act and deed.
<br />the above ins t as mortgagor I
<br />jWITNESS WhY*F-Ift 'a d Nt'teariiairlScal the date aforesaid. ced
<br />1,�IOTIIAY
<br />C6rmms�loj,explr s
<br />A
<br />y commission Expires -Notary Fu_bl-ic
<br />1975
<br />O.vember,12,
<br />3;2M-%'- 7
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