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<br /> � ,��� a o 5 4 0� REAL ESTATE MORTGAGE �
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<br /> M I D C`ONT I NFNT FNTFRPR I S-S I NC'.
<br /> � of the County of Ha I I and State of Nebraska hereinafter called the party of the first �
<br /> . . part,�in
<br /> consideration of ONE HUNDRED TWENTY THOUSAND AND NO/I 00-------------------------- DOLLAR.S, �.
<br /> in hand paid, do hereby grant,bazgain, sell and convey unto the Home Federal Savings 8c Loan AssociaGon of Grand Island, �
<br /> Grand Island,Nebraska,and its successors and assigns,the following real estate, situated�n Ha I 1
<br /> �, COLLIIfYr Stete Of Nahra�ka � . LOWit: � . � . .
<br /> LOTS ONE (I ) THROUGH THIRTY (30), INCLUSIVE, IN BISON MEADOWS
<br /> ADOITION TO THE VfLLAGE OF DOfJiPHAN, HALL COUNTY, NEBRASKA.
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<br /> Together with 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 azising therefrom after default in performance of any wvenant or condition herein con- �
<br /> tained;and warrants the title thereto perfect and clear except for this mortgage.
<br /> �� During the time this mortgage is in force the mortgagors agree:
<br /> First. To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied �'d
<br /> � upon this 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 be ap�
<br /> � proved by the said Home Federal Savings & Loan AssociaGon of Grand Island in the sum of $ I n s i�r�a h I e va I i ia for �p
<br /> tk:e benefit of the said Association,and its successors or assigns; and to deposit said policies with said Association,and shall not �
<br /> commit or suffer any waste on said premises, and shall put and keep said real estate buildings.a ,fl'imp�ovements in good
<br /> � order. ----- ----- - - ' y
<br /> T2urd. To pay or cause to be paid to the Home Federal Savings & Loan Association of �rand Island, its s.•ccessors or �
<br /> assigns, the sum of $—ONE HUNDRED TWENTY THOIj,SAND AN� Nn/I��----- � - - �OLLARS,
<br /> � paYable as follows:
<br /> �
<br /> � � C�120,000.00 due April i, 1983
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<br /> p � with interest thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors, �
<br /> bearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum. S
<br /> � If said taxes and assessments are not paid when due, or if the buildings on said Premises are not insured as above pro-
<br /> � vided,or if any of said interest is not paid when due,then said whole debt shall become due immediately,at the option of the �
<br /> said Association,and shall thereafter draw interest at the rate oF nine per cent per annum.
<br /> ..� The mortgagoa� hereby assign— to said mortgagee all rents and income azising at any and all times from said l,�
<br /> z property and hereby authorize said mortgagee or its agent, at its,option, upon default, to take chazge of said property and �-�
<br /> collect all rents and income th'erefrom and apply the same to the payment of interest, principal, insurance premiums, taxes,
<br /> � !� assessments, repairs or improvements necessary to keep said Property in tenantable condition, or to other charges�or pay- .
<br /> ments provided for herein or in the note hereby secured. This rent assign�sxent shall continue in force until the unpaid bal- �
<br /> ance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> the collection of said sums by foreclosure or otherwise.
<br /> Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply �
<br /> with any condition herein, the said Home Federal 5avings & Loan Association of Grand Island, the successors and assigns, ��
<br /> shall have the right to begin the foreclosere of this mortgage at once an the whole debt hereby secured, and to include
<br /> �y therein all taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its saccessors or �i
<br /> assigns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment ��
<br /> � of the lien thereof. `y-Q
<br /> And the said first 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 debY hereby secured.
<br /> After the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of �
<br /> said premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br /> � notwithstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br /> Receiver upon the production of this indenture, without other evidence. � .,,�1 .
<br /> The foregoing conditions and agreements, all and singular,being fully performed,this conveyance shall be void, other- � ' " ' � `
<br /> wise to be and remain in full force and effect. � �
<br /> � � I�; �, Signed this ��� day oi__�_Z����'"' e. D., 19�_ �
<br /> in presence of
<br /> � � r�
<br /> N �� NIID CO TIN T �NIERNkISE INU.
<br /> BY: ATTES ��y -
<br /> . , res i n ' ��(3— ,f�on�rohe, Secreta�
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