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<br />79-- U~~744
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<br />MORTGAGE LOAN NO. L M6I C
<br />lovo~'~I.tM>iNBYn~I•sEpItFSEN1s:That Michael L. Newton and Donna J. Newton, each in his
<br />and her own right and as spouse of each other,
<br />- Mortpgor, wheUter one or mote, in mrra~ration of the arm of
<br />~ifitv~iaht Tfiousand and No/100---------------- -------------°------------°--txsLLnRs
<br />bared to said rmrigagor by The Equitable Budding and Loan Association of Crurd Island, Nebraska, Mortgagx, upon 5$O sbatss of aiodc of
<br />aid ASSOCIATION, Certificate No. L ~3t}$7 ~iGI C, do hereby gaol, convey and mort~gs unto the add ASSOCIATION the fo-owieg
<br />desar',ed real estate, situated io tiafl County, Nebraska:
<br />LOT TWENTY-THREE IN WESTROADS ESTATES
<br />THIRD SUBDIVISION, NALL COUNTY, NEBRASKA.
<br />together with aq the tenements, hereditaments and appurtenances thereunto belonging, including attached floor wverings, aq window saeens,
<br />window shades, blinds, storm whrdows, awnings, heating, air conditioning,andplnmbing and water equipment and accessories thercto,pumps, ROVes,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in wnnectnrn with said real estate.
<br />And whereas the said mortgagor has ageed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied ox
<br />assesced upon aid premises and upon this mortgage and the bond secured thercbz before the same chap become delinquent; to furnish approved
<br />insurance upon the buildings on said premises situated-in the sum of S 5$, OOO. liO payable to said ASSOCIATION and to degver to said
<br />ASSOCIATION the pohcies for ssid insurance; and r.,,t to commit or permit any waste on or about aid premises;
<br />'n ~ of defat:lt ~ +!~• ^erfo.~are of ~,.y „f,t,e t..,=e an,1 n,.xt~finnx of this morteaee o7 the bond sectued hereby, [he mortgagee chap,
<br />on dg, tt~sd, b? ~a+_+.tl•_d +_© ir¢sirdiat,^ passrssian of the mortgaged premises and Ehe mortgagor hereby assigns, trana`ers sad sets orer to zIK
<br />mortgagee aU ilx rents, rettnrl~s and income m be derived from the mortgaged premises during such time as the mortgage indebtsdrasss chap remain
<br />unpaxil; and the sreortgagee ahaq have the power to appoint any agent or agrnts it may deshe for [he purpose of repaitiosg said promises and renlittg
<br />the F.irn¢ sad atlkMi=g the rents, revenues and income, sad it cosy pay oaf oC said iaenmx a!3 experuGS of rrpsi~ sand pre=.rsa tad ~sas,~r
<br />,rt,...-.e.-:^ns and expen~s incurred in renting and m~nagmg the carne and of Wfteceing rentals therefrom; the balance renaiuetg, tf any, to be
<br />applied t.-,ward : ~ disdrtrge of said morig, ge indexredness; these rights of the mortgagee may be ex_erra~d ai Loy ,ate dL~ ttx etSsta:,~ of w: h
<br />derautt, urespecrive of any tsmparary waiver at the sascx.
<br />"`- °------ ` .wevzt; are upon 'she t^nndi-r~+n, Tr-ai if *.:~ aid ts±crtgagor ahaE::xpay said :oaa ca o; balers tie ~tmiiy of said shares by
<br />~paymont; payrmonthly m aid ASSOCIATION of the sum specified in the Bond seemed hereby as interest and principal oa said Ioan, an or befa,
<br />-Ctte Twentieth day of each and every munch, until said loan is fatly paid; pay av taxes and assesstrtents levied against said premises and an the Mortgage
<br />and the Bond sccrned thereby, before delhequency; famish approved insurance upon the buildings thereon in the sum of 55 B OOO. OO payable
<br />to said A.SOCIATION; repay to said ASSOCIATION upon demand all money by it paid for such taxes, assessments and inarnnce with interest at
<br />tbe maxumm~ legs! rate thera~n from date of payment all of which Mortgagor hereby agrees to pay; permit no waste ou said premises; keep sod compty
<br />with ail the agreements and wnditions of the Bond for S $$ OOO.OO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with aB the requirements of the Constitution and By-Laws ofs said ASSOCIATION; then these presents shall bemme nuq and void, otherwise they
<br />sfmq remain hr full force and rrlay be foreclosed at the option of the said ASSOCIATION after failure far 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 conditbns of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />if there is any change m ownership of the rest estste mortgaged herein, by sale ar otherwiu, then the entire rerusiniog indebtedness hereby
<br />sucured ,''aq, az the option of The Equitable Building and Loan Association of Grand Island, Nebraska, txxome kemediatety drx a~ payable without
<br />fw-the: notiee, and the atnovat rcnraining due under said 'pond, and any other bond for any additional advances made tbeteunder, shall, from cite
<br />date of exercise of said opton, bear interest a[ the maximum legs[ rate, and this morlpge may then be forecosed to satisfy the amount due on said
<br />bond, sad any other bond fur additional advances, together with all sums paid by said Tice Equitable Buad'u,g and Loan Asoocatioa of Gruel 1sWtd,
<br />Nebraska Co: insurance, taxes and assessments, and abstracting extension charges, with interest thermn, from date of payment at ttre maximum
<br />iegnl rate.
<br />- As prcyided in the Bond secures hereby, while this mortgage rP.tnains in effect the mrrt¢aaee may t•.ereafter advance additional strms to the
<br />-makers of said Ibrd, their assigns or successor in interest, which sums snail be within the security of this mortgage the calm az the Cunds originally
<br />seeurcd thereby, the total amount of princpal debt not to exceed at any time the original amount of this mortgage.
<br />L='Ad this ± L' `~` 1f 'la f JUl,jt .v. r~., i9 7~
<br />f ~fi
<br />Donna J.J. Nr
<br />-_- STAZE OF NEBRASI{A,{ ss thr this 2Oth day of J U l y 19 14, before roc,
<br />_ COUNTY OF HALL )t
<br />h1i ehaei L. Newton and Donna J . Newton , ~ uttderstgted, a Notary Public in aced for said Comfy, perarvttycame
<br />each in his and her own riga~ spouse of each other, who are permmallykmwn to
<br />see to be tlx.ideatisat persons 4, ~~ ,S ;r ~~ affixed to the above ;natrument u mortgagor 5 amt they sevroragy
<br />arknawktlged the said ittsirtanead to 'uLff~,'~^ ` q ~' and dpi.
<br />!Sy Cstnm.~one ;,rte:..:r =f~~cJfPl ~~~ -_,,r~ if.~s I~f~f~~f/0~
<br />tatam m '~ n~', °Et ~ t~o~ r a . ~j.'1 Notary Public
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