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<br /> REA,L ESTATE MORTGAGE �
<br /> EARL H.'SCN'�fID7 AND BERhADItdE 8. SCH"•7inT, husband and wi:'e, each ir, t�is ard ber own �
<br /> right and as.spou_=e of the other
<br /> �" af the County of Nal I and State oL��brasica hereinaftcr called the pertY of the first Part,ia � 1
<br /> = THiRTY THJUSAND:ANO t�0/100 ----------�----------------------------- f
<br /> cronsideratton:of _DOLLAF.S. k'`
<br /> j in hand paid,do hereby granf,bargain,sell and concey.unW the Hnme Federal Savings&Loan Associat2oa of Graad Lsland,
<br /> � - Gtand Islsnd,Nebraste,`and its,sua�ssots and assigos.the follorsing real estate,sifuated i� 1ia 1!
<br /> ;, ; .
<br /> �' ` County,State of IJebraska ,towit
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<br /> LOT TEf� t I0) IN 3LGCiC Ctr£ t i) f!; �:X:GS At�C 41 LL,S �
<br /> ADDiTtOtd TG THt,�ITY Or �Rk��D 1SLA�;D, t•lEBR.ASK.�
<br /> � : �
<br /> Tagether wIth,aA the appurtennnces thereunto belonging,and all cocanaats iu sil the ritle deeds runaing tirlth sa�d mal eshate, ;
<br /> and all the rents,issnes aad profits arLsing therefrom after default In performance af any covenant or condition herein croo- �
<br /> � tained:and warrants the tiUe themto perEect znd clear escept for this mortBaC�.
<br /> During the time tlils motEgagc is in force/he mortgagars agree:
<br /> � Fust To pay all tazes and special essessments levied against said premises,including all taaes and assessments levied �
<br /> upon this mortgage,or the debt secured by this mortgsge.
<br /> Second. To keep all buildiags thcreon insured against loss bc fire,lightning and tomado in somc rnmpsay,tn be ap
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<br /> �i Insur�5ie Vaiue "
<br /> � proced by the ssid Home Federal Savin�s�I.oan AssociaHon of Grund L<land in the sum of S for �
<br /> the benefit of the said Association,and its suceessors or auigns; aad to deposit said policics�rith ssid Associa4on,and shall not
<br /> commit or suffer any waste on said pmmises, and shall put and kcep said real estate buildings and improcements in good
<br /> t � order.
<br /> %. Thiid. To pay or cause to be paid to the IIome Federal Sa��ngs&Loan Association of Grand Isiaad,its successors or �
<br /> , � essigns.the sum af S TH I RTY TnDUSA.ldD AN� ?:0%1 Ci0 ---------------------------------DOLLAHS,
<br /> ` PaSa6le as follnws: �
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<br /> �sc,coo.�o c�� ,a��c� i, ��;� �
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<br /> � zvith interest thereon pay�able,according to the tenor and effect of the one certain first mortgage note of said moctgagocs, �
<br /> � bearing eren date �cith these preseats. After maturitp said bond draus intemst at the rate of nine per cent p� snnnm.
<br /> g> IL saId tazes and assessments are not paid when duc,or if the buildings on said prnmises are not insured as above pro- �'{
<br /> �`� cided,or iE any of said intemst is not paid when due,then said K�hole debt shall 6ecome due Immediatelg,at the option of the f�
<br /> said Association,and shall themaiter dratic interest at the rate af nine per cent per annum. �
<br /> t The mortgagor S hembp assig� to said martgagee all rents and income arising at aqv and all times {rom said
<br /> � pmpertp and hereby authorize said mortgagee or its agent.at iLs optiou, upon default, to take charge of said property and �3
<br /> collect all renfs and incrome therefram and appip the same to the paSmant of intere..�t,principal, insurance pmmiums,.taces �
<br /> � assessments, repairs or improvements necessarp to keep said property in tenantable cronditian, or to other chatges nr pay
<br /> � ments provided for herein or in the note hereby securnd.This rent assig�ent shall rnntinue in force until the unpaid bal 'j
<br /> ance of said note Is fully paid.The takit�of possession hereundcr shall in no manner prevent ar mtnn3 ssid mortgagee in 3
<br /> the collection of said sums bs fareclasure or otherwise. �
<br /> Nhether said.debt becomes due bp lapse ot time, or bp mason ot t6e failure of thc party of the £�rst part to cumply t
<br /> . � wilh sny coaditson hcrein,the said Home Federal Sa��ings&Loan Association ot Grand Island,the successors and asugas, Y3
<br /> shall hace the right to lie�in the fareclasure of thls mortgage at once on the �rhole debt hembp secured. and fo include i
<br /> •` Werein all tazes,A�N«*++ents,insurunce premiums and cosls,paid Ly it or them; or :aid 4ssociation, its successoc�s or �
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<br /> asslgns,may foreclase ouly as ta the sum past dne, uithout injur�• ta this mortgage, or[he displacement or impairment ?.'
<br /> � of the lien thereof. "
<br /> And the said iirst A�'q and t6e makers af said note,especialty aaree and declare that the separate cstate of eac6 and �
<br /> t� erery oae of.them,including both that aow oa�ned and that 6emafter acquired, is p1edF�and bound fnr the pn�-ment of
<br /> � the debt hereby secnred. �j
<br /> After the commencement of any suit in fomclosure the plaiatiff therein shnll be entitled to the immediate possessian oE �
<br /> � said premiaes and the appointment ot a receiver therefar,nota•ithstanding tbey may 6e the homestend of the occupant and
<br /> notwithstanding the parties liable for.the deht may be solvent,ead the first pattq here6y consents to the appointment of a y
<br /> Receiver:upou the prodaetioa of this indeature,without othec etZdence. �p "=�!x..r ',.
<br /> The foregaing ronditinna and agrcements, all and singular,being fullS performed,this conreqance shsll be coid,otLer• Nt�
<br /> wise to be and*�m++n ia.full force and effect. +
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<br /> �� �st � ��"arcn 77 � �
<br /> � Signed tL�� daS' D� 1�_ �
<br /> j �Qn�P �"� .-=�.d�.�-� "; �w
<br /> � In presence.of , i; �
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