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<br /> � ����� ' I�E��E5TATE MORT�AGE -
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<br /> ROOBR L H7WI5 AND NATHY a HARMB, NU3DAND AND NIF6 ��� ���
<br /> ' r. of the Countyof end Sta[e of NESRA9KA hercinafter called the parry of ttte first part, in
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<br /> � � considerationo( EI(iHTY TIi0U9AND AND NO/100 ���' =��
<br />�,. in hand prid,do hereby grant, bargain, sell and convey unto ihe Home Federal Savings&Loan Association of Cirand Island, drand Island,
<br /> ; —
<br /> �
<br /> Nebmska,and its successors end assigna, the foilowing real estate,situaced in �L �_
<br /> � County,Stateof �a�5� ,towit:
<br />_ LOT NINE (9I , COLONIAL ESTATES FIFTH SUBDIVI3ION TO THE CITY OF CiRAND
<br /> I9LAND, HALL COUNTY, NEBRASKA.
<br /> , ' -_
<br /> �,I '`��� . the rents issues
<br /> Togettter w ithall the appurtenances tl�ereunto belongirtg,and ail covenutts in all the titlo deeds running wizh sa33 real esutte,and all ,
<br /> , �. � and pro6ts arisi�g dierefrom after default in performancn of atty covenant or condition herfn�ontained;an�warrants thc tide the�eW perfect and
<br /> . �,;• clear except for tbis martgage.
<br /> �� ' During the time this mortgage is in force the mongFgors agree:
<br /> Firse. To pay�ll[axes and speciai ossessmenu levied against said premises,includ'u�g all taxes and assessments levied upon this mortgage.
<br />- or the debt saured by this mortgaqe.
<br /> � Sewnd. To kecp a11 buildings thereon insured against loss by fire,lightning and tomado in some company,to be approvcd by the said
<br /> �.�:�;.ay=;?ry' Home Fedenlsavings&I..oan Association of Grand Island in the sum of S 80,000.00 , for the benefit of the said
<br />�.-.:�';:;;t� ° t►ssuc:ieiiuu,uiu iu suucssV:s v�acsigns;zn3 i�3c�.csi:w.ic:policie.:with ssld AsstN�2finn,and shall not commit ot suffer any w�ste on s�id
<br />����,��.J';::'� promises,ard sitall put and Ic�ap said real tstax buildings ancl improvements in goad order.
<br />�•,h j j 4i�;•���.',;r Ttiud. 'fo piy or cause to be pa�l co tAe Home Fedenl Savings dc Loan Assaciation of Graad Lzl�md,its successors or assigns,ihe sum
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<br />� '�4 ET(3HTY THOUSAND AND NO/100 --�L'A�•
<br />��'•,�._ sum of S
<br />-._T. _ _ payableu folbws:
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<br />_�::�.v� DUE: FEBRUARY 1, 1998
<br /> =""''`�'`�'� with interest Uterean psyable,according to the tanor and effect of the one certain first mortgage note of said mortgagors,be�ring even dtte with
<br />_=j_"`'''a'� these presenu, After matu�ity s�id bond draws interest at the rate of nine per cent per annum.
<br />_._—'_ = If s�id mxes and assessments are,not paid when due,or if the buildings on said premises are not insured as above providcd,or if any
<br /> ___ _- of said interest is not p�id when due,then said whote debt�hall become due immediately,at the optbn of the said Assuciation,and sh�il thereafter
<br /> -��--��� draw interestu ihe rate of nine per cent per annum.
<br /> --_�^-'�^'=�1'�! 3'he mongagor(s)hereby assign(s)to said mortgagee all rents and income arising at any and sU times from said property and henby
<br /> _=rw-�i authoriu said rnongugee or ics agont,at 1ts option, upon default. to take ch�rge of said property and collect all rents and income therefrom tnd
<br /> ���� apply t6e s�roe to the paymcnt of interest,principal, insuranco prcmiums,taxes,assessments, repairs or improvements necessary to keep said
<br /> "�,�4;,� properry in tenanuble condition,or to other charges or p�yments provided for hettin or in tl�c note hereby secured. This tent assignment shall
<br /> `�nc continue in force unHl the unpaid balanco of sa�Mt+ote is fully paid. The taking of possession hereunder shall in no manner prevent or retard said
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<br /> f�.�� mortgogee in the,wllection of safd su�pS �lo�f�qS'�therwise.
<br /> � Whether said debt becomes due b� a�!!��C�!prby rc�son of the failure of the parry of the first part to comply with�ny condition
<br />,��,ri�� hercin,the s�ki Home Federal Savings�sA�e�ietion'�f tftdhA Island,the successors and assigns.shall have the�ight to begin the foreclosure
<br /> ��-°`'`�`� of this martQage at once on the whole debt hereby secured, and to include therein nll naes,assessmenu,insurance premiums and costs,paW by
<br /> .
<br />;-•�F�•��� ic or them;or safd Associatlon, its successors or assigns, may forcclosc only as to �tte sum past due,without in,�ury to this mortgage, or the
<br />'����` � displacementor imps�irment of ihe lien thereof.
<br /> �+<.:��::��";;�,f� And ttu saiJ first party and the makers of said note,especially agree�nd declare that the separ�¢�estate of each and every ork of them,
<br />�;:° • °• . including bo�h thu now owned and that hereafter acquired, is pledged and bound for ehe�eayment of the debt hereby secured.
<br /> - . ;���•� After the commencement of any suit in foreclosure the plaintiff thenin sh�11 be ensi[led to the immediate possession of said premises and
<br /> '' � ihe�ppointment of a receive�therefor,not withstanding U�ey may be the homestead of che occupant and not withstanding tfie parties liable for the
<br />"-� • debt m�y be solvent.and the firsi party hereby consents to the appointment of a Receiver upon the production of this (ndenture,without other
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<br />;�-,. evldence.
<br /> , ;� � 'fhe foregoing conditians and agreements,all�nd singular, being fully performed,this conveynnce shatl be void,otherwise to be and
<br /> remain in PoII force and effcct.
<br />_. ��� � JktT�UST', 19_.t' 1 I A.D.,
<br />= Signedihis �TH dayof / �
<br /> :. - _ - - ,- �- J -
<br /> ` R R L S
<br />� KATHY 0 R.i y,-' ��
<br /> In presenceof .�
<br /> ,
<br /> - 11/y4 A27-1
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