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<br /> �'�W ��'?R'�� REAL ESTATE MORTGAGE
<br /> GREGORY D. MEHRING, a single person
<br /> ' of the County of Ha I I and State of Nebraska ' t,ereinafter called the party of the first part, in 1
<br /> consideratlon of TH I RTY-FOUR THOUSAND F I V E HUNDRED AND NO/I OQ --------------------- npLLARS,
<br /> in hand paid, do hereby grant,targatn, sell and convey unto the Home Federal 5avings & Loan Assoelation of G�and Island,
<br /> Grand Island,Nebraska,and its successore and asafgns,the following real estate,situated 3� Ha I I
<br /> . County, State of Ne b ra s ka �,towit:
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<br /> LOT SEVENTEEN, ( 17), KENTISH HILLS SUBDIVISION, LOGA7ED IN THE SOUTH
<br /> � HALF -0� THE NORTHWEST QUARTER OF 7HE SO�JTHW�ST Q�/ARTER tSZNW�SW�) OP
<br /> k t SECTION TWENTY-FIVE (25), TOWNSHIP ELEVEN ( II ) NORTH, RANGE TEN (10)
<br /> 4 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA
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<br /> Together wlth all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate, �:�
<br /> and all the rents,issues and profits arising therefrom after default in performance of any covenant or condition herein con• �
<br /> tained; and warrants the title thereto perfect and cleaz except for this mortgage.
<br /> Duriag the time this mortgage is in force the mortgagors agree:
<br /> r First. To pay all taxes and special assessments levied against said �remises, including all taxes and assessments levied �
<br /> upon ttus mortgage, or the debt secured by this mortgage.
<br /> Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company, to ba ap
<br /> � � proved by the said Home Federal Smvings& Loan Association of Grand Island in the sum of$ �n s u ra b l e Va I u e far -
<br /> i tfie benefit of the said Association,and its successors or assigns; and to deposit said policies with said Association,and shall not
<br /> commit or sutFer any waste on said premises, and shall put and keep said real estate buildings and improvements in good
<br /> orden �
<br /> Third. To pay or cause to be paid to the Iiome Federal Savings & Loan Association of Grand Island, its successors or
<br /> THIRTY-FOUR THOUSAND FIVE HUNDRED AND NO/100 ----- --------
<br /> assigns, the aum of $ '- DOLLARS,
<br /> j' paYable as followa:
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<br /> r � $34,500.00 DllE JULY I, I978
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<br /> F with fnterest thereon payable,accocding to the tenor and effect of the one certain first mortgage note of said mortgagors,
<br /> bearing even date with these presents. P�•.er maturity said bond draws interest at the rate of nine per cent per anaum.
<br /> ' If said taxes and assessments are not paid when due, or if the buildings on said�remises are not iasured as above pra �
<br /> � vided, or if any of said iaterest is not paid when due,then said whole debt shall become due immediately, at the optioa of the
<br /> , � said Association, and shall thereafter draw interest at the rate of nine per cent per annum.
<br /> The mortgagor hereby assign S to said martgagee all rents and income arising at any and all times from said z�
<br /> property, and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge oE said property and %'�
<br /> collect all rents and income'therefrom and apply the same to the pa;rment of interest, principal, insurance premiums,taxes, �
<br /> � assessments, repairs ar improvements necessary to keep said property in tenantable condition, or to other charges or pay
<br /> � ments provided for herein or in ihe note hereby secur•.d. This rent assignment sha12 continue in force until the unpaid bal- �
<br /> ance oi said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> We collection af said sums by foreclosure or othenvise.
<br /> Whethe; said debt becomes due by ispse of time, or by reason of the failure of the party of the first part to comp2y
<br /> � � tvith anq conditlon herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns, �;]
<br /> � shall have the right to begin the Eoreclosure of this mortgage at once on the whole debt hereby secured, and to include �
<br /> therein all taxes, assessments, insurance premiums and costs,paid by it or them; or said Association, its successors or
<br /> aseigns, may foreclose oaly as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br /> � of the lien thereof �
<br /> And the sazd fust party and the makers of said note, especially agree and declare that the separate estate of each and
<br /> every one of them including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br /> � the debt hereby secured. _
<br /> After the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br /> sa9d premises and the appointment of a receiver therefor, notwithstanding they may be the homestea3 of the occupant and ,
<br /> uotwit}astanding the parties liable for the debt may be solvent, and the first party hereby cousents to the appolntment of a
<br /> � Receiver upon the production of this indenture, without other evidence. � {'�,
<br /> The foregoing con&tions aad agreements, all and singulaz, being fullp performed, this coaveyance shall be void, other- '"�
<br /> wise to be and rema9n In full force aad effect. �
<br /> SiSned tl�ls I 2th �y of J u l y a. D„ 19�� � � ,
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<br /> In Bresence of
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<br /> Grego Mehring
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