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<br /> REAL ES7ATE MORTGAGE �
<br /> C $ H CUSTOM HOME5, INC., THOMAS D. HOHNBAUM, President, AND DANNY P. CARPEN7ER, �
<br /> � Secratary �
<br /> of the County of Ha I I and State o� Neb ra s ka tiereinafter calied the party of the iirst part, in
<br /> consideration o► FORTY-SIX THOUSAND EIGHT HUNDRED AND NO/100��-�-------------- ----_�OLLARS,
<br /> in hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings&Loan AssaciaGon of Grand Island,
<br /> Grand Island,Nebraska,and its successors and assigns, the following real estate,situated in Ha I I
<br /> County, State of Nebraska ,� towit:
<br /> LOT -fHREE (3), BLOCK FOUR (4) IN BRENI'WOOD SUBDIVISION IN THE CITY
<br /> OF GRAI�D ISLAND, HALL COUfJTY, NEBRASKA.
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<br /> ^` � Together with all the appurtenances thereunto belanging, 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 tiUe thereto perfect and clear except for this mortgage.
<br /> During the time thls mortgage is in force the mortgagors agree:
<br /> � First. To pay all taxes and special assessments levied against said premises, including all t�es and assessments levied '�
<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 /> d proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of $I nsurab l e va I ue for
<br /> the 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 and improvements in good �
<br /> } � order.
<br /> Tfiird. To pay or cause to be paid to the FIome Federal Savings & Loan Association of Grand Island, its successore or �
<br /> 4 � assigns, the sum of $ FORTY-S 1 X THOUSAND E I GHT HUIVDRED ANDNO/100=--------------------DOLLARS,
<br /> t � payable as follows: -
<br /> � � $46,F300.00 due August 29, 1978
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<br /> with interest thereon payable,according to the tenor and effect of the one certatn 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 ceat per annum. �
<br /> `z t�� 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 whale debt shall become due immediately,at the option of the ��
<br /> � said Association,and shali thereafter draw interest at the rate of nine per cent per annum.
<br /> �¢ The mortgagor— hereby assign 5 to said mortgagee all rents and income azising at any and all times from said ,X
<br /> � property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and '
<br /> eollect all rents and income therefrom 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 3ierein or in the note hereby secured. This rent assignment shall continue in force untll the unpaid hal- k�
<br /> ? ance of said note is fully paid. The takin� of possession hereunder shall in no manner prevent or retard said mortgagee in ry�
<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 tlne party of the first part to comply �
<br /> with any condition 2�erein, the said Aome Federal Savings & Loan Associahon of Grand Island, the succ?ssors and assigns, z�
<br /> � shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> g,¢ therein aII taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or �
<br /> assigns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment ��
<br /> i of tbe lien thereof. �-;�
<br /> � �nd the said f'z^st partp and the nankers of ssid note, especia2Zy a;ree an3 declare ttaat the separafa estate of eacL and
<br /> _ every one of them, including both that now owned and that hereafter acquired, is pled�ed and bound for the payment of �
<br /> � the debt hereby secured. f\
<br /> After the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediute possession af �
<br /> said premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and �
<br /> notwtthstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a d.�y , n r�^
<br /> �� Receiver upon the production of this indenture, wiWout other evidence. �,,,
<br /> The foregoing conditions and agreements, all and siagular,being fully performed,this conveyance shall be void, other- �� V i � +�
<br /> I � wise to be and remain in full force and effect. � �;
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<br /> � Signed rh;� 29th day af September a, D 19 �� � �
<br />�. ,� �. In presence of G & n Cu�i� ilui�c` i Ni, � *�+�
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<br /> BYa �
<br /> � omas � o n resi enfi
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