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<br /> �?�-"r��"`r� RE�AL ESTATE MORTGAGE
<br /> HAROLD G. AREHART AND ONETA AREHART, husband and wife, each in his and her own right
<br /> � and as spouse of the other �
<br /> of the County of Ha I I and State of Nebraska hereinafter called the party bf the first part,in
<br /> THIRTY TWO THOUSAND EIGHT HUNDRED AND NQ/100-------------------
<br /> consideration of nOLLARS,
<br /> in hand paid, do hereby grant,bazgaia, sell and convey uato the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Island,Nebraska,and its successors and assigns, the following real estate,situated in Ha I (
<br /> Cauaty, 5tate of Neb ra s ka . � towit:
<br /> LOT NINE (9) , IN BLOCK NINE (9), �N MEVES FIRST ADDITION 70 THE CITY OF
<br /> GRRNQ tSLANu, �N HRLL COUN7Y, NEBRASKA,
<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 zents,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 /> 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 - �
<br /> upon this mortgage,or the debt secured by tlris mortgage.
<br /> Second. To keep all buildings thereon insured against lass by fire,lightning and tornado in some company,to he ap�
<br /> � in urable_ value
<br /> proved by the suid Home Federal Savings&Loan Assceiation of Grand Island in the sum of$ � 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 /> � Tlurd. To pay or cause to be paid to the Home Federal Savings& Loan Association of Grand Island, iLs successors or
<br /> � sesigns the sum of$ TH i RTY TWO THOUSAND E i GHT HUNDRED AND NO/I 00--------------------DOLLARS,
<br /> payabie as follows:
<br /> $32,800.00 due October I , 1978
<br /> �
<br /> �
<br /> � with interest thereon payable, accordiag 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 ceat per annum.
<br /> Sf 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#he �
<br /> � said Association, and shall thereafter draw jnterest at the rate of nine per cent per annum: �
<br /> T2ie mortgagor S hereby assign- to said mortgagee all reats and income arising at any and all times from said �;,,
<br /> property and hereby authorize said mortgagee or its agent,at its option, upon default, to take charge of said property and �
<br /> colleet all rents and income tFietefrom and apply t2ie same to the payment of interest, principal, insurance premiums,taxes,
<br /> r � assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay- 4�
<br /> ments provided for herein or in the noke hereby secured. This rent assignment shall continue in force until the unpaid bal- _
<br /> � ance of said note fs 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 arty condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br /> shall have the right to begin the foreclasure of this mortgage at once on the whole debt hereby secured, and ta include �
<br /> therein all 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 ttus mortgage, or the displacement or impairmenY
<br /> �y of the Iien thereof. �
<br /> And tlie sazd first party and the m-�ers of said note, especi.::ly agre�aad declare that the sepazate est;�ta 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 /> a � the debt hereby;secured.
<br /> - ` After the commencement of any suit in foreclosure the plaintiff therein shull be entitled to the immediate possession of
<br /> said premises and:the appointmenY of a'=eceiver therefor,natwithstanding they may be the homestead of the occupant and
<br /> - ` � notwithstanding ttte parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a � '",'�-� "=' 7�"+, '
<br /> Receiver upon the produciion of this indenture, without other evidence. l '
<br /> � The fqregoing conditions and agreements, alt and singular,being fully performed,this conveyance shall be void, other- � � " �,�
<br /> wlse ta be and remain !n full force and effect.
<br /> �.. r.�
<br /> ` Signed this 4th _�y of Detober .A. D., 19 77 � +t`�"
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