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r � REAL ESTATE MORTGAGE ����������
<br /> 98— i(s3414
<br /> JACK VOSS AND WILMA VOSS, HUSBAND AND WIFE
<br /> of the County of �LL and State of NEBRASKA hereinafter called the party of the first part, in
<br /> considerationof ONE HUNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS,
<br /> in hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings & Loan Association of Grand Island, Grand Island,
<br /> Nebraska,and its successors and assigns, the following r al ectar�r. �i�uared in HALL
<br /> �tract o lund cnmprising ;� �r.�rt nf Ihe Norlhwesl Quurler of thc tiou�hwest (juurlrr (NWI/4tiW1/4)
<br /> uf ticclinn 7'wu (2), '1'awntihip P:Icvt•u (II� Norlh, R,yngc '1'cn (I11) W�yl of Ihe 6lh P.M., ('ity nf Graod
<br /> County, S[ate of NEBRASKA , tOWlf: Isli�nd,II:JI Coun�y,Nrbn�skn,and morc�r.�rlicul:ul�•Jescr{brd us fullows:
<br /> Iteqlnning al Uie northwesl corner of D1lracle Vallcy SubJivision, s:�id pninl also Leing nn !he wesl line
<br /> nf s:�ld Nurthwest Qoarler nf fhe tiuuthwesl (1u:�rtrr (NWl/4 SWI/4); thence norlherly ulung and upnn
<br /> the west line of said Norl6��esl (2unrlcr of lhe South»est (lunrler (NWI/A tiWl/4), n dlstiince uf Ouc
<br /> Ilundred Seventy Five (175.11) feet lo ;� pni�rt un �he pralongaliou of a soulherly line of Lat Seven (7),
<br /> Jlm�V�nd upon1 tl� prulon��di m yof'sa�iJ�soul6u�ly�linc of said'Lol�Sevcn (7) s�'nJ�+Inng�anJ�u�mn s:�{I
<br /> snulhrrly line of snid Lot Seven (7), s� disl:mce uf Five Ilundred H'ive (5115.11) feet to �i corner of ss�id Lot
<br /> Seven (71; qunce dellectin�; right 89 Uc�;rees 14' 1111" aud r�u�ning suulherly �Jong and u�am i�wcy�rrly
<br /> linc of s��id Lot ticvrn (7), �� distancc of(h�c Ilw�drcd ticventy Fivc (175.11) frcl lo thc uorthc:�st corncr
<br /> nf s:�id 111ir�rcle V:dley Subdivision; thence dcllecling right 90 Uegrees 46'(NI" and running westerly along
<br /> nnd upun U�e norlh line of s;�iJ Mir;�cic Vulley Subdivislon,u dlslunce of Five Ilundred Five (SIIS.0) feel
<br /> tn thc poinl of beginnfn6.
<br /> Together with all the appurtenances thereunto belonging,and au covenan[s m a�i the title deeds running with said real estate,and all the rents,issues
<br /> and profits arising therefrom after default in performance of any covenant or condition herein contained; and warrants the title thereto perfect and ��
<br /> clear except for this mortgage.
<br /> During the time this mortgage is in force the mortgagors agree:
<br /> First. To pay all taxes and special assessments levied against said premises,including all taxes and assessments levied upon this mortgage,
<br /> or the debt secured by this mortgage.
<br /> Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company, to be approved by the saiJ
<br /> Home Federal savings& Loan Association of Grand Island in the sum of$ 175,000.00 , for the benetit of the said
<br /> Association, and its successors or assigns; and to deposit said policies with said Association, and shall not commit or suffer any waste on said
<br /> premises,and shall put and keep said real estate buildings and improvements in good order.
<br /> Third. To pay or cause to be paid to the Home Federal Savings&Loan Association of Grand Island, its successors or assigns,the sum
<br /> sum of$ ONE HLTNDRED SEVENTY FIVE THOUSAND AND NO/100 DOLLARS,
<br /> payable as follows:
<br /> DUE: NOVEMBER l, 1998
<br /> with interest thereon payable, according to the tenor and effect of the one certain tirst mortgage note of said mortgagors, bearing even date with
<br /> these presents. After maturity said bond draws interest at the rate of nine per cent per annum.
<br /> If said taxes and assessments are, not paid when due, or if the buildings on said premises are not insured as above provided, or if any
<br /> of said interest is not paid when due,then said whole debt shall become due immediately, at the option of the said Association,and shall thereafter
<br /> draw interest at the rate of nine per cent per annum.
<br /> The mortgagor(s) hereby assign(s) to said mortgagee all rents and income arising at any and all times from said property xnd hereby
<br /> authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rents anJ income therefrom and
<br /> apply the same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements necessary to keep said
<br /> property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This rent assignment shall
<br /> continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said
<br /> mortgagee in the collection of said sums by foreclosare or otherwise. .
<br /> Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply with any condition
<br /> herein,the said Home Federal Savings&Loan Association of Grand Island,the successors and assigns,shall have the right to begin the foreclosure
<br /> of this mortgage at once on the whole debt hereby secured, and to include therein all taxes, assessments, insurance premiums and costs, paid by
<br /> it or them; or said Association, its successors or assigns, may foreclose only as to the sum past due, without injury to this mortgage, or the
<br /> displacement or impairment of the lien thereof.
<br /> And the said first party and the makers of said note, especially agree and declare that the separate estate of each and every one of them,
<br /> including both that now owned and that hereafter acquired, is pledged and bound for the payment of the debt hereby secured.
<br /> After the commencement of any suit in foreclosure the plaintiff therein shall be entided to the immediate possession of said premises and
<br /> the appointment of a receiver therefor, not withstanding they may be the homestead of the occupant and not withstanding the parties liable for the
<br /> debt may be solvent, and the first party hereby consents to the appointment of a Receiver upon the production of this indenture, without other
<br /> evidence.
<br /> �
<br /> The foregoing conditions and agreements, all and singular, being fully performed, this conveyance shall be void, otherwise to be and
<br /> remain in full force and effect.
<br /> Signed this lOTH day of APRIL, 1998 A.D.,
<br /> ����
<br /> ACK VOSS
<br /> �/', o �J� j ,v
<br /> -------Gb�l.�l'vt/l !/ �Q�`+� t � �
<br /> In presence of wiLrtA voss
<br /> , �
<br /> 11/94
<br /> 827-1
<br />
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