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APPL# 001-80309013
<br /> ML# 0000000000
<br /> - REAL ESTATE MORTGAGE
<br /> ._
<br /> JOHNSON AND JOHNSON INC 9 8— ��,����
<br /> of the County of and State of NEBRASKA hereinafter called the party of the first part, in
<br /> consideration of SEVENTY 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 real estate, situated in �L
<br /> County, State of NEBRASKA , towit:
<br /> LOT TWENTY THREE (23) , JEFFREY OAKS SIXTH SUBDIVISION, IN THE CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> Together with all the appurtenances thereunto belonging,and all covenants in all 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 /> dear except for this mortgage. „�;� � � �,�; K.:: � :��, ,
<br /> During the time this mortgage s m�rce the�inatt�a�ol�agree -'•
<br /> First. To pay all taxes and spec�al•as�s$ri$�ilf's'levied`�'gainst'said premises,including all taxes and assessments levied upon this mortgage,
<br /> or the debt secured by this mortgage. w
<br /> Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company,to be approved by the said
<br /> Home Federal savings& Loan Association of Grand Island in the sum of$ 7 0,0 0 0.0 0 , for the benefit 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$ SEVENTY THOUSAND AND NO/100 DOLLARS,
<br /> payable as follows:
<br /> DUE: NOVEMBER 1, 1998
<br /> with interest thereon payable, according to the tenor and effect of the one certain first 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 and hereby
<br /> authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rents and 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 foreclosure 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 entitled to the;mmediate 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 /> 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 14TH day of APRIL, 1998 A.D.,
<br /> �
<br /> J ON JOHNSON INC
<br /> In presence of J Y J SO � i a ;,•
<br /> 4� •4 p
<br />
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