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<br /> �� � � �1��EAL ESTATE MORTGAGE �
<br /> �
<br /> � DI�LE W. CHRISTENSEN AND RHONDN J. CHRISTENSEN, husband and wife ottnecountyoi ���
<br /> �)
<br /> HAL� end Stote of NEBRRSKA hereinofter called the party of the first paA,In considerolion
<br /> a �
<br /> � ot�135•520.44 DOLLARS,in hand poid,do hereby granl,barpain,sell end convey unlo lhe Home Fedoral Savings 1L Loan
<br /> Assoclation of Grand Island, Grend Island, Nebraeka, end ils successors and essigns, lha following raal eslete, aituoted in
<br /> HALL County,Ste�e at NEBRASKA ,�o wit:
<br /> PARCEL 1 - LOT TWO (2)� INDIANHEAD SUBDIVISIQN IN THE CITY OF GRAND ISLANl7, HALL
<br /> COUNTY, NEBRASKA
<br /> -ANp-
<br /> PARCEL 2 - LOT ONE (].) IN BLOCK SIXTY-SEVEN (67) IN UIHEELER � BENNETT'S SECOND
<br /> ADDLTION TO THE CITY OF GRANQ ISLAND� HALL COUNTY� NEBRASKA
<br /> Topether wfth oll the appurtenencee thareunto belonging, and ol covenants In ail lhe tille deeds runniny with aaid real eatate,and
<br /> all the renls,issue�and profita arising lherefrom oRer dafvult fn performance of any covenent or condition herein contafned;and
<br /> warronts lha litle lhereto perfect end clear except tor this moRg�ge•
<br /> During the tlma this mortpage It in force lhe mortgagas agree:
<br /> First. To pay all taxes end epeclal eaaessments Iavied egainat said premisas,Including all texes and a�sessmente levbd
<br /> upon lhla mortyege,or the debt secured by lhis mortgage.
<br /> SeCand. To keep All bufldinge thereon Insured ag�inst loss by fire, liyhtninp ond tornado in toms company, lo be
<br /> approved by the soid Home Federel Savings 8 Lo�n Association of Grand Island In the sum of; 1'i�j�,,570.44.(or the benefit
<br /> of the aeld Assxi�tion,ond its euccessoro or�a�igns;and to deposit snid pulicles with seid Associatlon,ond shall nol commit or
<br /> suHer any waste on said promises,and shell put end keep sald real est�te buildin9s and improvements in good order.
<br /> Third. To pay or cause to be paid to the lioma Federal Sovinge&Loen Association of�rond Islan�,Rs euccesaors or
<br /> assyna, the sum of S ONE HUNDRED THIRTY f-'TUE THOSUAND FIVE HUNDRED TWENTY & 4�p(�ll�f RS,
<br /> payeble as follows:
<br /> � DU[ FEBRUARY 1 , 1999
<br /> �� wilh interesl thereon payeble,according to the tenor end effeU of the one certain first mortgege note oi eold mottflayors,baaring
<br /> - even dete wilh these presente. Atter metudty seld bond drows Interoet at the reta of nlneteen percent per annum.
<br /> —= If s�id taxea ond assessmanta ere not paid when due, or if the buildings on said premises a�e nol insured as obove
<br /> - provided,or If any oi seid intarest is not paid when due,then seid whole debt shall become due Immediately,at tha optlon of the
<br /> - safd Associatlon,and shell thereafter draw Interest et lhe rate of nfneteen parcent por ennum.
<br />_� The mortqagor(s)hereby eselgn(s)to said mortgagee all ronte end income edsing at any end all timee(rom setd properly
<br />_� and hereby authorize seid mortgagee or its agent,at its option, upon defeult,to take chnrpe of oa�d property end collec4 all rents
<br /> and income tneretrom end apply the same to lhe payment o(intorest,principal,Insurance premiums,taxes, assessments,repairs
<br /> = or improvements necessary to keep sald property in tenantable condition,or to other charges or payments provided tor harefn or in
<br /> � tho note hereby aecured. This rent assignment ehell continue In force untll the unpaid balance of said note is fully pald. The teking
<br /> � of posseasion hereunder shell In no manner prevent or retord said mortgafleo in the conecnon or said sums oy ioraciosmo �i
<br />,€
<br /> � otherwise.
<br /> ( Wnolhor said debt becomes due by lapse oi time,or by reason of tha faflure of Ihe party of the lirsl pert lo compiy wilh
<br /> . eny condition hereln,thd said Home Federal Savings 8 Loan Assuclotlon ot Grand Islend,Its successors end assigns, shall have
<br /> , the right[o be�fn the(oreclosure of this mortgege at onco on ihe whole debt hereUy secured, end to Include thareln ell taxes,
<br /> assessments, insurance premlums and cosls,paid by it or them; or said Aseociation,ils succossors or assigns,may lorectose only
<br /> as to tho sum past due,without in�ury to this mortgage,or thedisplar.ement or Imnelrment ot lhe Ifen Ihereot.
<br /> And the seid firat party and thn mekors oi eaid nole,especially agree end daclare that the seperate estete of each and
<br /> evory ono ot them,Inciudfng both that now owned and that hereaker ecyulred,Is pledged and bound for tho payment of lhe debt
<br /> Cheteby seCUfed.
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