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<br /> ��` ��'6�9 REAL ESTATE MORTGAGE
<br /> MELVIN W. WILLIAMS AND P�TRICIA D. WILLIAMS, husband and wife, each in his and her own
<br /> right and as spouse of the other
<br /> rof the County of Ha t I and State of Nebraska hereinafter called the party of the first part,in j
<br /> consideration of TH I RTY F I VE THUUSAND AND NO/1 00-�-------�--�-�..--.�r�-.-.----.-___________
<br /> —DOLLARS,
<br /> in hand paid, do hereby graat,bargain, sell and convey unto the Home Federal Savings 8c Loan Association of Grand Islaad,
<br /> Gran3 Island,Nebraska,and its auccessors aad=esssigns,the tollowing real estate,situated in Ha I I
<br /> 9
<br /> County,State of (Jeb ras ka , towit:
<br /> - LOT SEVENTY-FOUR (74) LE HE I GHTS FOURTH SU�I V I S I ON A TRACT OF LAND COMPR I S I NG A PAR�
<br /> OF THE EAST HALF OF TME NORTHWEST QUARTER (EZNNiu) OF SECTION ELEVEN (II) TOW�JSHIP
<br /> ELEYEN O !), PJOR7H, RANGE TEN (!0) YJEST OF THE 6TN P.M„ NRZL COUNTY, NESRRSKA. . _
<br /> Together with all the appurtenances thereunYo belonging, and all eovenants 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 eondition herein con-
<br /> tained;and warrants the tltle thereto perEect and clear except for this mortgage.
<br /> During the time this mortgage is ia force the mortgagors agree:
<br /> � First. To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied �
<br /> vpon this mortgage,or the debt secured by this mortgage. �
<br /> Second. To keep all buildings thereon insured against loss by fire,lightning and tomado in some company,to be ap•
<br /> proved by the said Home Federal Savings& Loan Association of.Grand Island in the sum of ��nsuranb 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 shaIl 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 /> Tbird. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its suecessors or �
<br /> THIRTY FIVE THOUSAND AND NO/100----------
<br /> assigns, the sum of$ -bOLLARS,
<br /> payable as followa:
<br /> $35,000.00 DUE OCTOB€3R I , 1978
<br /> �
<br /> � '
<br /> � 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.
<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 o#the ��
<br /> said Association, and shallthereafter draw interest at the rate of nine per cent per annum. �
<br /> The mortgagor S hereby assi�n_ to said mortgagee all rents and income arising at any and alI times from said
<br /> property and hereby authorize said mortgagee or its agent, at its option, upon default, to take chazge 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 necessazy 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 assignment shall continue in iorce until Ehe unpaid bal-
<br /> ance of said note ls fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> the coilection 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 Savings & Loan Assoriation of Grand Island, the successors and assigns,
<br /> shall have the right to begin the foreclosure of this mortgage at once on tLe whole debt hereby seieured, aad to inelude
<br /> therein all taxes, assessments, insurance premiums and costs, Paid by it or them; or said Association, its successors or �
<br /> assfgns, may foreclose only as to the sum past due, without injury to tlus mortgage, or the displacement or impairment
<br /> � of the lien thereo£ �
<br /> And the said first party and the makers of said noCe, especially agree and declare that the separate estate of each and �
<br /> i� epery one of them, including both that now owned and that hereafter acquired, is pledged and bound for the paymeat of
<br /> the debt hereby secured.
<br /> After the commencement af any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of # r
<br /> said premises and the appoiatment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br /> � notwit3istaading the parties liable for the de4t may be solvent, and the first art hereb consents to the a ointment of a � •. -s"`^
<br /> P Y Y PP � ,„�,
<br /> Receiver upon the production of this indenture, without other evidenee. "„. `' �
<br /> The foregoing conditions and agreements, all and aingular,being fully performed,this conveyance shalt be void, other- � t; ,�'
<br /> wise to be aad remain in full force aad effect, w'
<br /> a
<br /> � 30th I �:
<br /> i Signed th;� �y of September D_� 19,�7 � :��-,
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