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<br />Rerecaxved mortgage to remove references to times arc}, Sates indicated in pre;riot3s2p
<br />MORTGAGE recardurl lei;I descriyt•.?on_
<br />Mc,RTC,:GE LoaN No. LZ3364 MGIC
<br />KNOW ALL MEN BY THESE PRESENTS: That Richard M. Deaton and Judith A. Deaton, each i n h i s
<br />and her own right and as spouse or each other
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Thirty One Thousand Five Hundred and Nol100= -------------------------------------~JOLLARs
<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grand Island, Nebraska, Mortgagee, upon 315 shares of stock of
<br />said ASSOCIATION, Certificate No. L23364 MGIC, do hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real zstate, situated in Hall County, Nebraska:
<br />A TRACT OF LAND COMPRISING THE NORTHERLY ONE HUNDRED EIGHTY THREE AND
<br />FOUR-TENTHS (183,4') FEET OF LOT TEN (ZO}, LEER SUBDIVISION, GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />AND
<br />THE NORTH ONE HUNDRED EIGHTY THREE AND FOUR TENTHS FEET (183.4') OF THE
<br />NORTH THREE HUNDRED SIXTY SIX AND EIGHT TENTHS FEET (366.8') OF LOT NINE
<br />(9) GEER SUBDIVISION, IN NORTHEAST QUARTER (NE4) OF SECTION NINE (9),
<br />T(O~tvNlSHIP FEi.EVEN (ii}, NORTH, RANGE NINE (9} WEST, IN GRAND ISLAND HALL
<br />together with a~IlU~fie~[dnem'€r~"t's; B"ei~drtart~enla a:~_ ::pptlrtehdncei~,~tzt~wrto ti61LAgutQ; inetu.iiag'3t[aCtlriCllodi'~iderings, all window screens,
<br />window shades, blinds, storm windows, awnings, heating, air conditioning, and plumbine and water equipment and accessories thereto,pumps,stovxs,
<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 of
<br />assessed upon said premises and upon tltis mortgage and the bond secreted thereby before the same shall become delinquent; [o furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 31 , 5Q0, QO payable to said ASSQCIATION 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 vt 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 aB the rents, revenues and income to be derived from the mortgaged premiszs during such time as the mortgage indebtedness shall remain
<br />unpaid; and [he mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br />ttu 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 br
<br />applied toward the discharge of said mortgage indebcedness; these rights of the mortgagee Wray be exercised at any time during the existence of sash
<br />default, irrespective oCany temporary waiver of the same.
<br />Thzse Przsznts, howzver, are upon the Condition, That if the said Mortgagor shall repay said lean on or before the maturity of said shares by
<br />paytrxnt: 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 alt taxes and assessments levied against said premises and on this Mortgage
<br />and the Band secured [hereby, before delinquency; furnish approved instuance upon the buildings thereon in the sum of S 31 , 50D, t)D payable
<br />to said ASSf)CiATtON; repay to said ASSOCIATION upon demand all money by it paid t'or such taxes, assessments and insurance with inecrrsi at
<br />the maximum tegat rate [hereon from date of payment all of which Mortgagor hereby agrees to pay; permit no waste on said premises;ktep and wmply
<br />with aB the agreements and conditions of the Bond for $ 31 SDQ, DD this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with ail the requirements of the Constitution and By-Laws of said ASSOCIATION; then these presents shall become null and rroid, othenrrisz they
<br />shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure fee three months to make any of said
<br />payments or be there months in arrears in making said monthly payments, or to keep and comply with the agreements and conditions ot" said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure pwcerdings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire remaining indebcedness hereby
<br />cured shall, at the option of The Equitable Building and Loan Association of Grand Island, Nebraska become immediately due andpayablr 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 ibis mortgage may then be foreclosed to satisfy the amount due on said
<br />bond,and any other bond for additional advances, together with aAl sums paid by said The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for insurance, texas 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 eCfrct the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, their assigns or suctxssors in interest, which sums shall be within the security of this mortgage the same as the funds originally
<br />cured thereby, the total amount of principal debt not to exceed xi any time the original amount ot'this mortgage.
<br />I}ated this 19th day of March A. n., trr79
<br />[ti -h~ird- D ton
<br />~;Iud t .Deaton
<br />STATE OE NEBRASKA,1 ~. On this 19th day oC March 19 ~~ ,before roe,
<br />COUNTY OE HALL 4
<br />the undersigned, a Notary Public in and for mid Cowtty, prtwnalty tarns
<br />r R1Chard M. Deaton and Judith A, Deaton, each in his and her own ri t and as sp~nuggEE of
<br />each other ~~~ are pErsona~Iy known to
<br />me'to be the identical persor6 whose Warne 5 dre aftlxed to the abore " rtrrttrn mortgagor 5 and the,X~severally
<br />acknowledged the said insirtueuvtr to be their voluntary act sod deed. j.%` ~ - 1
<br />4YlTNESS my hand artd Notarial Sea} the date aforesaid. ~
<br />~ /~[(~,,
<br />My Commission expires j;/ ~ / `J"~-~
<br />E' 'LJ_
<br />~ ~ ~,,,_.._ ~ Notan.• Public-T
<br />a"i'~ ~ ~'GQ.~ / ~` .i t~ '°'7 Gj ENERAC MOTA°. - Siaie or Nebr.
<br />/ JAMES W. CL~CN
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