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Hall County-, -Nebraska
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 2i.,854
<br />KNOW ALL MEN BY THESE PRESENTS: That Paul V. Cawthon and Evelyn L. Cawthon, each in his and
<br />her own -Hght*and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty-nine Thousand and No/100 --------- -------------- --------------------------- DOLLARS
<br />loaned to said Mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 390 shares of stock of
<br />said ASSOCIATION, Certificate No. L 21 854 do hereby grant, convey and mortgage unto tile said ASSOCIATION the. following
<br />described real estate, situated in Hall County, Nebraska:
<br />LOT TWENTY THREE (23) CAPITAL HEIGHTS SEVENTH
<br />SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />together with all tile tenements, hereditaments and appurtenances thereun . to 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 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 39 000. 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 6titled 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 tile 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 tile mortgagee may be exercised at any time during tile existence ofsuch
<br />default, irrespective of any temporary waiver of tile 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 tile 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 tile Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the sum of S 3 9 , 000. 00 pay�ble
<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 oil said premises; keep and comply
<br />with all the agreements and conditions of the Bond for S 3 9 000. 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 shall becorne 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 6wnership 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 an.d payable without
<br />further notice, and the amount remaining due under said bond, and any other bond for any additional advances made thereunder, shall, from4he
<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 />N6braska for insurance, taxes and assessments, and abstracting extension charges, with iiiterest thereon, fro in date of payment at the maxiiii : um
<br />legal rate.
<br />As provided*in the Bond secured licreby,.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 />Dat this. h Jay of October A. D., 19 7 5
<br />&rloea z
<br />'Paul V. CawtF6_n tvelyn CAthon
<br />STATE OF NEBR�SKA, ss. 0, this 1 5th day of October 19 75 beforeme,
<br />COUN' tile undersigned, a Notary Public in and for said C . ounty, personally came
<br />Paul'V. Cawthon and Evelyn L. Cawthon, each in his and her own right and as spouse of
<br />each other;.. who are personally known to
<br />me to be the identical p6rson S whose name S --:are, r-1. afflied to the above instrument as mortgagorS and they severally
<br />acknowledged the said instrument to be thei 'voluntary-act'and'deed.
<br />WITNESS my hand and Notarial' , Se , al'thi'date afdresiaid�,)','�
<br />My Commission expires /7,16
<br />Notary Public
<br />3-73-2M
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