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<br />82-- U049i`~
<br />MORTC,AC.E _ __
<br />__~_._- _..__ -------- ~ MORTf.AC,E LOAN NO. 1,,24 066
<br />KNOW ALLM£NBYTfipSErRESp,NTS:Tha+ William J. Lawton and Marcia J. Lawton, each in his and
<br />her own right and as sFotase of each other, Mortgagor, whether one or more, in consideration of the sum of
<br />t.)pp HUnd.TP.[~SeyPntenn 4'hnncatx7 anr3~_o/ 11 QQ----_--_-----_ _--_-_-----_------------------- DOLLARS
<br />loaned to said mortgagor by The F:gedtabk Building and inn Association of Gnnd Island, Nebraska, Mortpfsgee, upon jj7Q shares of atodc of
<br />said ASSO('fATION, Certificate No. 4 24, 066 , do hereby grant, :onvry amt mortgage unto the said ASSOCIATION the following
<br />dcecrtbed real estate, vtuated in Hall County, Nebraska:
<br />IAts One (1) ana 'IWo (2), of L-K Second
<br />Stabciivision, in the City of Grand Island,
<br />riall Cotutty, Nebraska.
<br />together with all the tenements. hereditaments and appurtenances thereunto belonging, rncludiog attached floor coverings, all window stieans,
<br />window shades, blinds. storm windows, awnings, heating, air condi[ioning,snd plumbbtg and water equipment and acaaorice thereto,pumpn,stovs,
<br />refrigerators, and other fixtures and equipmem now or hereafter attached to or used in wnnuaior. with said real estate.
<br />And whereas the said nartgagm has agreed and dots hereby agree tlnL the tiwrtgagor sltarl and will pay all tazce and assessments levied o[
<br />assessed upon said premises and upon this mortgage acid the band secured thereby before the same atoll becoate delinquent: [a furnish approved
<br />insurance upon the buildings on sanl premises situated in the sum of S 117 , 000. DO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance; and not to a>mmit or permit any waste un or about said premises:
<br />In case of default in the performancz of any uC the terms and condititiru of this mortgage or the bond secured hereby, the mortgagee shah,
<br />on demand, be entitled to immediate posves~sion of ilre mortgaged premises and the rrarrtgagor hereby assigns, transfers and sets over [o the
<br />mortgagee all ttre rents, revenues and inwme to be derived from the mortgaged premises during sorb time as the mortgage indebtedness shag remain
<br />unpaid; and the mortgagee shall have the priwer to appoint any agent nr agents it may desire for the purpose.of repairing said premises and centi[ig
<br />the same and cotkcting [he rents, revenues and Townie, and it may pay out of said income all expeosce of repai[ing said premises and neceaary
<br />ctrrtunissioru and expenses incurred in renting and managing the same and ui wllectitig rentals therefrom; the balance eamauting, if any,-[o be
<br />applied toward the discharge oC said mortgage indebtedness; these rights of the mortgagee may be exerased at any time during the existence of such
<br />default, irrespective of any temporary waiver of the seine.
<br />These Presents, however, are upon the L:ondition,'1'hat if the sail Mortgagor shall repay said loan on a before the maturity of said shazes by
<br />payment; pay monthly to said ASSOCIATION of the sum specified in the Hood secured hereby as interest and prindpal on said loan, ou or before
<br />the TwenixNh day of zacir and cvzry month, until szid loan is Cully paid; pay all taxes and assessr[xms levied against said premises and on this Mortgage
<br />std the Bond secured thereby, before delinquency; furnish approved insurance upon the buileiings thereon in the sum oC slj7 , QQQ; QQ payable
<br />to said ASStlC1ATiON; repay to said ASS(K7A1^.ON uprn demand all muriey by it paid Cur sudr taxes, assesgneats a~ iastrraria with inttrtst 8t
<br />the maximum legal rate ifrerwn from date of payment all of which Mortga„wx l+ereby egrees to pay; permit no waste on said premises; keep.and comply
<br />with art the agrectrcents and wnditioris oC the Bond Cur 5117 , 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aU the rzquirements of the Constitution and By-Laws o(card AS.SOCIATH)N; then these presents atoll become null and void, otherwise they
<br />strati remain in frill fora and rosy be foreclosed a[ the option of the saai ASSUClAT1ON after failure for three months to make any of said
<br />payments ur be three months in aneazs in making said monthly payrnts, ur to keep flail wmply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such forceiosme prcxxedings.
<br />i( there is any change in ownership of [he real estate mortgaged herein, by sale or ottxrvrise, then the entire remaining indkbtedness hereby
<br />secured shag, at the option of The L:quitabte Building and Loan Assxiation of (:rand Island, Nebraska, becortie irumediately dot and payable without
<br />further notice, and the anwunt rertiainuig due under said bond, and arty o[lier bond fur any additional advantxs made thereunder, shall, from the
<br />date of exucise of said option, beaz interesi at the rrtaximum legal rate, aril this mortgagx rosy itien tee foredosed to satisfy the amount due on said
<br />bond, and any other bond for additional advances, together with all sums paid by said The [;quitabk Building and Loan Association of Grand !shod,
<br />Netrnska For itismance, taxes amt assessments, mid abstracting exierisiun charges, with interest thereon, from date oC payment a[ the maximum
<br />legal tale.
<br />As prorided in the Burin sectuzil hereby, while this rnungage rettuins in effect the mortgagee any hereafter advance additional sums trr the
<br />rtpkers n( saW Bond, their assigns ur successocs in interest, wtdch soots stwH be within the security of this mortgage the same as the ftntds originally
<br />secured thereby, the total amount of prvicipal debt not to exceed at env tune the original antoun[ of this mortgage.
<br />[altedthys 17th da~ f Notvartt~er A. n.,ly 82
<br />.:Try
<br />Marcia J."Lawton
<br />S"fAT6 Of NEBRASKA, ~ ss. On this
<br />Ct)UN'!'Y OI~HALL 17th day of iJOV~ilber i9g2 ,before uie,
<br />ttre underxign+t.i, a Notary Public m and fur said Comrty, personalty tarns
<br />'r3illiam J. Lawton u'ta ifarcia J, Lawton, each in t,is att:d i>r::r uwai ri t and ss f h
<br />clttter. `~tm err 'rSay~inow~n`~~G
<br />me irr be the rdeosrul peruxtg wtmsc rtturcg Ltre aH'eatd ro the above utstruracwt at rmu~tgagcrig . ,.-~ cC;ey serarally
<br />sJtrwrtedatd ttsz quid imvlcunrcot sir bt tl'n:lr votwrtatY sail soil drasd.
<br />wfI'Nk:SS my trend and Notarial Sea3 tiro .tats arixrsard-
<br />M'y i;rra:;mtaaayt' expose _ -. - - -
<br />"MUtary Public
<br />wt+saN at
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