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<br /> APPL#i 001-70918025
<br /> MLN 0000000000
<br /> I�EAI. ESTATE M4RTGAGE
<br /> . 9?• I(�9�9�
<br /> BRRAEAICK N RJ►S1CH JA 11ND PBQ'N M RAUCH, HU88AND AND WISIi
<br /> af tho Caunry of �L ind St�te of �H�B� herelnafter edled the pany uf the first part,in
<br /> considentionot FIFTY T13�UgAND AND NO/100 DOUAILS.
<br /> in hand paid,do hereby Qrant, birQAin, sell and convey unto the Home Fedenl S�vinys dc l.oan AssociAtion of annd Tsland. Orand Island,
<br /> Neb»ska,�nd its successors and asslgns,the fallowing real estate,situaud in �L
<br /> Couary.Stau af �5�� ,towit:
<br /> LOT ONE (1) IN B:,OCK "E" IN PARK VIBW $USDIVISION, HALL COUNTY
<br /> NEBRASICA
<br /> ToQether with�II the appurtenances thereunta belon�iny,and all cov�nants in ali the dde deeds runninQ with said ral uute.uid atl the rents,issues
<br /> and profita arisin�thercfrom after deftult in perfortnance of sny covenant or condtdon hercin cantalned:and warrants ihe dde iherew Ferfect and
<br /> ctear except for this mortgage.
<br /> During the dme this mortQage is in Porce the mortQagors agree:
<br /> Firat. To pay�tl tutes and speci�l assessmentslevied against said premises.including stii taxa and usessmecNSlevkd upon this mortg�Qe.
<br /> or the debt secuced by this mortg�Qe.
<br /> Second. To keep tll buildinQs thereon insured against loss by fire,liyhtni��and wrnado in some company,ro be approved by�he atid
<br /> p�Iome Federal savings dc Loan Associstion of(irond Island in the sum of S 50,000.00 ,for the benefit of the uid
<br /> Asxocistion,md iu successo�s or aesigns;and W deposit etid policies with saW Associatlon, and shall not commit or suffer any waste on atid
<br /> , premises.and ahsii puc�nd keep aaici ccxi csi,�t�buiSdhsgs an3 itstpm:•�masts ia rs�or�sr.
<br /> Third. To pay or cause to be psid to the Home Pederai Sivinps d�Lotn Assocfation of C3nnd Isiu�d.its suuessors or assi�na,the sum
<br /> sum of S gY�'TY TH�UgAND AND NO/100 DOLJ�RS,
<br /> payabk as folbws:
<br /> DUE: MAY l, 1998
<br /> with interest thereon ptyable,according to the unor and effect of the one cerqin first mortgage note of s�id mortg��ors,bearing even d�te with
<br /> [tuse presenta. After mYturiry said bond dnws interest at ihe r�tc of ninc per ant per annum. ,
<br /> If said Wces and�ssessmenq are.not piW when due,or if the buildinys on said premises sre not insurcd u above providcd,or if�ny
<br /> of said interest is not ps(d when due.then said whole debt ahall become due immediately,at the optlon of the said Associatbn.�nd ehtll thereafter
<br /> drnw interest tt the rau of nine per cent per snnum.
<br /> The mortyRYar(s)hereby�sslyn(s) w s�id mong�gee all rents and income�rising at tny ind NI times from said property�+nd hercby
<br /> authorize saW mortyaQee or ita ayent,at its option.upon default,to take charge of stid property snd collect all rente and income therefrom and
<br /> apply the s�me to tl�e paymont of interest.principal,G�surana premiums,taxes,assessments,repiirs or improvements necessary to keep s�id
<br /> proQerty In cenantsbk condition,or w other ch�rQes or payments provided for herein or in tho note hereby secured, This rent assiQnrtKnt alull
<br /> continue in force until the unpaid ba:�nce of uid note Is fl►Ily paid. The uktng of posseasion hercunder ahiil in na mmner pnveiu or rcurd said
<br /> mortQagee in the collectlon of said sums by forcclosure or otherwise.
<br /> Whether said debt becomea due by I�pse of time,or by rcason of the failun of the pirty of the first pirt w comply with my conditlon
<br /> herein,the said Home Federll SavinQa dc Loan Aasoci�dun of Cinnd Island,the succeswro�nd�ssiyns,shalf have the dQht w bejin tbe foreclosure
<br /> of this mortgage at once on tha whok debt hereby secured,and to include therein all axes,assessments,insurmce premiums�nd costa,p�id by
<br /> it or them:or said Assceudon,its successora or assigns,may foreclose only as to the sum past due,without injury to thG+mortgnae,or 1he
<br /> disptacement or impaicment of the lien theraof.
<br /> And the said first p�rty and the makera of said note.especiaUy agree�nd declare that the sepa►xte esqu of each and every one of ttiem,
<br /> including both that now owned and that hereaRer acquired,is pledged and bound for the payment of the debt hercby se¢ured.
<br /> After the commencement of any suit in foreclusurc the plaintiff therein shall be entitled to the immediate pouession of ssid premises tnd
<br /> ttie appointment of a[ecetver thercfor,not withst�nding they may be the homestead of the occupant and not withstanding the pirties liabk fur tho
<br /> debt may be solvent,and the firat p�rry hereby consents to the appoinunent of a Receiver upon the productian of Ihis indenture,without other
<br /> evWence.
<br /> The foregoing conditions and agrcements.ail and stngular, being fully pert'ormed, t�is conveyance shall be void. otherwise to be ar.d
<br /> rcmain in tLil force and effect.
<br />— Slgned ihis 31ST day of OCTOBfiR, 1997 p,p„
<br /> //��/:/ ��/G
<br />�= f/(/• " i cf�
<br />— P K W RAUCH JR
<br />� ' � .
<br />� In presence of rsa� M xnvcx
<br /> _�
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<br /> 11/94 827-1
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