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<br /> OSCAR G. MUELLER AND GRACE E. MUELLER, husband and wife, each in his and her ov+n right
<br /> and as spouse of the other
<br /> of tha Coun of Ha I I Nebrask� �
<br /> �Y and Stute of hereinaftcr cuiled the party of the firet part,in
<br /> f
<br /> ` :conslderatlas of TWENTY—SEVEN THOUSAND S IX HUNDRED AND NO/I 00 -------------------- •
<br /> ? DOLLARS,
<br /> � ` aln,sall and convey uato the Home Federai Savinga&Loan Associatlon of Grnnd Island,
<br /> in hand paid;do herebY grant,bazg <
<br /> � Grand Island,Nebraska,and lts euccessors and asslgns,.the following real estate,sttuated i� Ha I I
<br /> �
<br /> CountY,State of Nebraska ,� towit:
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<br /> , �� .j�., . ... . � � � � .�. � . . . . . . . . . ' . .. � :�.
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<br /> . i -�� � � . � . � . . - . . . . . _ . . . . , . . . . .. - .. .
<br /> .; ..., . . . . . . . . _ .. . . .. .. . . .
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<br /> •T LOT TWELVE (12) IN ARGO 7HIRD SUBDIVISION, HALL COUNTY, NEBRASKA ,
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<br /> Tagether wlth all the appurtenances t6ereupto belonging,and all covenants In all the tifle deeds running with satd rnal estate, �
<br /> � and.all We rents,issuea andproSts arlsing therefrom after default ln performance of nny coveaant or condidon bere[d con• ��
<br /> � talned;and-warrnnts the tltle thereto perfect aud clear except for this mortgnge. �
<br /> During the time thls mortgage is in torce the mortgagors agree: ��
<br /> First. .To pny all tnxes and special assessments levied against sntd premtses, including all taxes and assessments levted
<br /> upon this martgage,or the debt secured by thls mortgage. " �
<br /> Becond. To koep nll buildings thereon insured agatnst loss by fire,1lghtnIng and tomado in some compnny,to be aµ
<br /> proved by the saId.Home Federnl Snvings&Loan Associatian of Grand Islnnd In the sum of$ ��sura b l e Va i ue , for.. r
<br /> the beneflt of the said Associntion,und its successors or assigns; and to deposit snid policies with said AssoctaUon,and ahull not' �
<br /> 1 commit or suffer any waste on said premises, and ahall put and keep said real estate buildings and improvements in good
<br /> ; � order. ---------------
<br /> j Third. To pay or cause to be paId to We Home Federal 5nvings & Lonn Associatton of Grand Islnnd,Its successors nr �
<br /> � assLtns,the sum oF g TWENTY—SEVEN THOUSAND S I X HUNDRED AND NO/100 — — DOLI.AliS.
<br /> � payable es foUows:.
<br /> i ��
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<br /> 7 $27,600.00 DUE APRIL i, 1977 �
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<br /> wlth lnterest thereon payable,uccording to the tenor and effect of the one certatn f[rst mortgage note of said mortgagors,
<br /> � �i bearing even dnte wlth these presents. After maturity said bond draws interest nt the rate of nlne per cent per unnum. �
<br /> If'sald taxes and asseasments are not paid when due,or If the bulldings on said premises are aot insumd as above pro- r'
<br /> � i � vided,or if uny of said interest is not pald when due,then saId whole debt shnll becomc due immediately,at the option of t6e f,}
<br /> said Assoclatlon,nnd ahall thereufter draw lnterest nt the rate of nine per cent per annum. 8
<br /> The mortgagor_hereby assigc� to said mortsagee all rents and income nrlsing at any and all times trom said F
<br /> t � property and hereby authorize said modgagee or its ugent,at its optton, upon default, to tnke charge of said property und �
<br /> collect all rents and income therefrom and apply the same to the payment of interest, princlpal, Insurnnce premiums,taxes,
<br /> � nssessments, rnpalra or Improvements necessary to keep sald property in tenaatable condiUon, or to other churges or pay- �
<br /> F� ments pravided for hereIn or ln the note hcrety secured.This rent assignmentshnll continuo in fome unti!tho unpaid bal- ��
<br /> � ance of said note�S fully pald.The taking of possession hereander shall 1n no manner prevent or retard saId mortqagee in )
<br /> � the collection of snld sums by foreclosure or otherwise. �
<br /> j Whether sald debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply �
<br /> j with any condltlon hereln,the said Home P'ederal Savings&Loan As,ocintton of Grand Islund, the successors and assigns, ¢
<br /> = shaA have the rlght to begin t6e foreclosure of this martgage at once on tho whole debt hereby secured, and to include �
<br /> '. �_� thercIn all taxes, assessments,insurance premIums and costa,paid by it or them; or said AssocIation, its successors or
<br /> i ��, asslgns, may foreclose oNy as to the sum past due, without injury to thls mortgage, or the dispincement or impairment
<br /> of the lien themof. �
<br /> And the said firat party and the makets of said note,especially ngrec and declare thnt the sepnrate estate of ench and
<br /> t � every oae of them,lncludtng both thnt now owned and that herenfter acquired, Is pledged and bound for the payment of
<br /> ' the debt hemby secured.
<br /> Aiter tl�e commencement ot any suit in foreclasure the pinintIff thereln shall be entitled to the immedlate possesslon of i=
<br /> f ' � eaid premises nnd the appointment of a receiver therefor, notwtthstanding they may be tlie homestead of the occupant'und ,��, �
<br /> ' �� notw[thstnnding the parties liable for the de6t may be solvent,and the first party herebq consents to the appointment of n �
<br /> � � Reccivcr upon the production of this indenture,wlthout other evldence. � ,.r,� .,
<br /> The foreguing:conditioas and agreements, all und singular,being fully performed,this conveyance shall be vold;other- � �"�''
<br /> ; w3se to be aad remuin tn full fome and efteck � cv
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<br /> ( Signedth�' Ilth �yo�_ MarCh n D.. 18�� J aK "
<br /> _ � +d
<br /> 7n presence.af � �%/ �^^ �j �
<br /> i sc�r�G. Mue l l e � � �
<br /> C ce -. ue er
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