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<br />� -' :tu�, 001�6� �E�L ESTATE l��PTGAGE
<br /> ARGO DEVELOPMENT COMPANY, INC., A CORPORATION
<br /> � of the County of ��a l I und State aL Nebraska herelnnftEr called the party of the tirst pnrt,in 1
<br /> ` conatderation of-1WFNTY-S I X THOI ISANiI ON HUNDR D AN� NO/I 00 ----------------------- DOLLARS,
<br /> in uand�aid, do he:shy graat,�:.rga3a,sell end con�ey ecf�the Homo Federnl Savingn&Loan Assoclntion of Grand Isiand, .
<br /> Grand Ieland,Nebraska,and lts successors and assigns,the following real estate,aituated i„ Ha I�
<br /> County,Stnte of Nebraska �, towit:
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<br /> i LOT ELEVEN (II) IN ARGO THIRD SUBDIVISION, HALL COUNTY,
<br /> 3 � NEBWiSKA, IN THE VILLAGE OF ALDA
<br /> �i
<br /> Together wlth all the appurtenances thereunto belonging,and all wvenants in all the title deeds running with said real estate, ''
<br /> and all the rents,issues and protits arIsing therefrom aiter default in performance of any covenant or condltion hereln con• � '
<br /> tained;and warrunts the Utle thereto perfect and clear except for fhis mortgage.
<br /> � . During the tlme this mortgago is in force the mortgagors agrec: ��
<br /> TirsL To pny all taxes and special assessments levied against sald premises, induding all taxes and assessments levled ��
<br /> upon this mortgage,er the debt secured 6y this martgage. �
<br /> t Second. To keep all huildings thereon insured against loss by fim,llghtning and tornado in some company,to be np
<br /> � insurable Value
<br /> proved by the said Home Federal SavIngs&Loan AssociptIon of Grand Island in the sum of S for �;�
<br /> the benefit of the said Association,and its successors or assigns; and to deposit said palicies with snid Assocfation,und shall not 8
<br /> �� comadt or suffer uny waste on said premises, and shall put and keep said real estate buildings and improvements in goad ��
<br /> i order.
<br /> Tlilrd. To pay or cause to be paid to the Home Federal Savings&Loan Associntion of Grand Islnnd,its successors or �'; '
<br /> . i assigas,the sum of s TWENTY-S IX THOUSAND ONE HUNDRED AND NO/100 ----------------- � `
<br /> ---DOY.LAIiS,
<br /> 9 � Paynble as follows: �
<br /> )
<br /> � . �
<br /> $26,100.00 DUE MARCH I, 1978
<br /> t±� � � �
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<br /> ` . � wlth Interest thereon payable,according to the tenor and eEtect of thc onc ccrtaln tirst mortgage note of said mortgagors, �
<br /> �' �,j bearing even date µtith these presents. After muturity said bond drnws interest at the rate of ntne per cent per annum.
<br /> K � If said taxes and pssesements nre not paid when duc, or if the bulldings on said premises arc not insured as above pro- -'
<br /> : vided,or if any of sald Intcrest is not paid when due,then said �ehole debt shall become due immediately,at the option of the /i.
<br /> � � � said Association,and shall thereaftcr draw interest at the rate of nine per cent per annum. �
<br /> The mortgngor hereby asslgn_ to said mortgagee nll rents and income arising at any and ull times from sud ��
<br /> � property and hereby authot3ze said mortgagee or its ugent,at its option, upon default, to tnke chargc of snld property and i`�
<br /> colleM all rents and income therefrom and apply the same to the payment of Interest, princlpal, insurance premituns,taxes, �
<br /> � nssessments, rnpaIrs or improvements necessary to kcep said properiy in tenantable condition, or to other chnrges or pay-
<br /> � ; ments provided for hereIn or in t6e note here6y secured. This rent assignment shall coatlnue in farce until the unpaid bal- ?,:9
<br /> 4 }� ancc of snid note is fully paid. The taking of possession hercunder shull in no manner prevent or retard snid mortgagee in sy'
<br /> � the callection of snid sums by foreclosure or otherwise. �
<br /> � �'Jhether said debt becames due by lapse of time, or by rcasan o[t6e failurc oi tLe party of the first part to comply r�
<br /> �• with any conditlon herefn,the said FIome Federal Savings& Loan Association of Grand Island, the successors and nssigns ;
<br /> t � shell hnve the right to begin the foreclosure af this mortgage at once on the w6ole debt herebp secured, and to include
<br /> thereln all taxes' ebsessments,lnsurance premiums and costs,paid by it ur them; or said Association, its successors or �
<br /> '� assigns,1ueq�`'�p'�?�'c�oae;only as to the sum past due, without injury to this mortgage, or the displacement or impairment ti
<br /> of the llGik��hthpo D .�•�,. 'ti
<br /> � `And,t�i�'seid fItSf'party nnd the makers of sald note,especlally agrcc nnd declnte that thc separate estnte of ench nnd
<br /> eveiy;ync.flf�t��g}��#yciirding both that now owned and that beren[ter acquired, is pledged and bound for t6e payment of �
<br /> # the:dehi (r by§pcu�e� : �
<br /> }1f17��e'aop�m6���� ot any suit in foreclosure the plaintiff therein shall be entitled to thc Immedinte possession of t
<br /> � said,`prc7n�scSta�r�h�aDRQiutment ot n receiver therefor, notwitivstanding they may be the homestead of the occupant and �
<br /> nottVitH�4aac���he'parL�s llable for the deht may he solvent,and thc first party hcreby consents to the appointment of a �?
<br /> Reretv�F upqn;the Asdduclion af this indenture,wit6out other evidence. 1� y !
<br /> � l�ho llo�gbilf$�conditt'ons and agreemeots, all and singular,being fully pertormed,this conveyance shall be void,other-
<br /> � wlse to btr,8nd remnln'In full force and eifect. � ' c�
<br /> n,n .
<br /> Signed+ht� 24th day o�_ P�larch 77 �'r' � �
<br /> �L D., 10_ �
<br /> � ARGO D 6LOP�UENT CQ., �.,.11 CO P._- � h .
<br /> " In pcesence of �� . --.� .v � - �- �J �
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