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~s-- UU376fi
<br />MORTGAC,E
<br />MoRTCAGr--. LOAN NO. L 23446
<br />KNOW ALL MEN Bl' THESE PRESENTS: That Wi 11 i am J. Lawton and t+larci a J . Lawton, each i n hi s
<br />and her own right and as spouse of each other,
<br />Mortgagor, whether one or more, m consideration of the sum of
<br />Twenty Three Thousand Six Hundred and No/100------------------------------------- DOLLARs
<br />loaned to said mortgagor by The Equitablz Building and Loan Association of Grand Island, Nrt,;aska, hla;tgagrt, upaa 236 shares of stuck of
<br />said ASSOCIATION, Certitlcate No. L 23446 , de hereby grant, convey and mortgage unto the said ASSOCIATION the following
<br />described real estate, situated in Hah County, Nebraska:
<br />LOT NINETEEN (19), IN FRACTIONAL BLOCK NINE (9),
<br />IN ASHTON PLACE, AN ADDITION TO THE CITY OF uRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />together with al! the trnemtnts, hereditaments and appurtznances thereunto belonging, including attached floor coverings, all window scrtens,
<br />window shades, blinds, storm windows, awnins, hzaurg, air conditioning, and plumbing and water equipment and accessories thereto,pumps, stoves,
<br />refrigerators, and other fix[ures 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 mo; tgagor shall and will pay cell taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond srcurzd thereby before the same shall become delinquent: [o furnish approved
<br />insurancz upon the buildings on said premises situated in the sum of 9 23, 6DD. DD payable to said ASSOCIATION and to deliver to said
<br />4SS0t.'IATION the policies (or said insurance: and not to commit or permit any waste on or about said premises;
<br />In cast of default tit the pertorrnance of any of the terms and conditions of this mortgage or the band secured hereby, the mortgages shall,
<br />on dzmard, be entitled to immediate posseuion of the mortgaged premises and the moneagor hereby assigns, transfers and leis ovzt [o the
<br />mortgagee all the rents, rrvtnurs and income to be derived from the mortgaged premises during such time as the mongage indebtedness shag remain
<br />unpaid; and the rnurtgagee shall have the paw•er to appoint any agent or agents it may desire for the purpose ot" repairing said promises and renting
<br />the same and collecting the rents, revrnuts and income, and it :nay pay out of said income all expenses of repairing Bald premixs and necessary
<br />Commissions and exptrszs incurred ir. 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 mdtbtzdness; these rights of the mongagee may he exerciszd at any rime during the exis[ence of such
<br />default. irrespective aC any trmpotar} waiver of the same.
<br />These Presznis, however, arz open the Condition, That if the said Mortgagor shall repay said loan or+ ar betcre the maturity of said shares by
<br />payment: pay monthly to said ASSOCIATION of the sum specified in the Band secured hereby as interest an.: principal on said loan, en or befort
<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 thtrzor. in the sum ei S?~3, 600 00 Payable
<br />[o said ASSOCIATION; repay to said .ASSOCI:ITlON upon demand all money by it paid for such taxis, assessments an insurance with interest at
<br />the maximum legal ra[r thereon from daiz of payment all of whxh Mortgagor hRrrby agrzes to pay:Ixt:tit no waste an said premises: ketp and comply
<br />with all the agreernenu and mndiuons of the Bond for S 23, 6DD • DD this dap given by the card Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements ci the Constitution and By-Laws of said ASSOCIATION: thin these prestrts shall become null and void, otherwise they
<br />shall remain in full tore and ma} be foreclosed at the option ai the said ASSQCIATION after failure for three man[hs to make any of said
<br />payttxnts or br three momhs m arreaa m making Bald monthly payments, or to keep and comply with the agreements and conditions of said Bond:
<br />and Mortgagor agrzts to have a receiver appointed sorthwuh in such foreclosure procrrdines.
<br />If there is am change in awrcrship tit the real estate nxirtgaFed herein. by sale or otherwise, then the entire remaining indebtedness hereby
<br />secured shall, at the option of The Equitable Building and Laan Association of Gland Island, Nebraska, bea'rmt immediately due and payable without
<br />further notice, and the amount remaining due under card bond. and any other bond for any additional advances wadi thereunder, shall, from the
<br />date of exercise of said option, bear irtetesr at the maximum legal rate, and this mortgage may then br foreclosed to satisfy the amount due on said
<br />band, and any other bond for adduienal advan~rs. together with all sums paid by said Thr Equitable Building and Luan Association of Grand Island,
<br />Nebraska for insurance. taxes and ass.? sinews. and abstracting extervan charges. wi[h interest thereon, from daft of payment at the maximum
<br />legal raft.
<br />As pravydtd in the Band secured hrtrby. while th~.s mortgage remains m effect the mortgagee may hereafter advanu additional Burns to the
<br />makers of said Bond, hen assrgns or successors to mitrer:, which sums stiall be withrn the security of this mongage the satrx as the funds originally
<br />soured [herai»~, t total amount af~ncr debt not to exceed at ary time the onginal amotmt o} tfvs mortgage.
<br />t>a d ~ ~ 11th/7 . of Ju e ~ D.14 79
<br />~ ,~j
<br />-N3 am ry •
<br />Marcia J. Lawton
<br />STATE O'r'riEBRASKA, ~. pet this ~ ~ th day of JUR! 1979 ,before me,
<br />COtJIv"TY OP HALL
<br />Mli 11 i a3n J . Lawtal and Marcia J . Lawton , the underupned, a !vatan Public in and for said County, personally came
<br />Bach in }315 and her OYm right and aS SpOUSe of each Other, "'1 who are personally known to
<br />me to be ttie idrntical prrsan S whoa name 5 dre affixed to the aMve inst;umcnt as mortgagors and they severally,
<br />acknowledged the said irWrument t7 be their voluntary act and deed. - __
<br />WITNESS my hand and D?otarisl Seal t1x date aforesaid. ~;
<br />_ ~ ~.
<br />M ommission exp'ves ~"'~-.._--:,,,, L ~
<br />CEI1EAAt kGTAttY-EMaal Ne6rstta _.•' -- Notary Pu lit I /,~
<br />s_i.sreffi _- JOy M.3€AZLr„'Y _: ~ ~~ /
<br />- _ My Coma:. Fxp. SeyE. 1, 1911 ,/'
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