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<br /> a 02 . REAL ESTATE MORTGAGE
<br /> L. BERRY AND ELIZABETH J. BERRY, husband and wife, each in his and her own right
<br /> and as spouse of the other
<br />'a of the County of Ha I I and,State of
<br /> SIXTY=TWO THOUSAND AND NO/ Nebraska hereinafter called the party of the first part,in
<br /> 4,
<br />* consideration of _DOLLARS,
<br /> cs in hand paid, do hereby grant,bargain, sell and.convey unto the Home Federal Savings&Loan Association of.Grand Island,
<br />,SV Grand Island,Nebraska,and ita successors and assigns,the following real estate,situated in Ha I !
<br /> County,State of Nebraska towlt:
<br /> kk LOT TWO (2), IN BLOCK FIVE (5), IN REPLAT OF RIVERSIDE ACRES AN ADDITION TO
<br />''.1.. THE CITY OF GRAND ISLAND, NEBRASKA ACCORDING TO THE RECORDED PLAT THEREOF.
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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 arising therefrom after default in performance of any covenantor condition herein con-
<br /> r tamed; and warrants the title thereto perfect and clear except for this mortgage.
<br /> r:w During the time.this mortgage is in force the mortgagors agree:
<br /> xr First. To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied I
<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, I( . .
<br /> i,t = proved by the said Home Federal Savings &Loan Association of Grand Island in the sum of $ Insurable Value 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 /> Third. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br /> assigns, the sum of$ SIXTY-TWO THOUSAND AND NO/100 DOLLARS,
<br /> payable as follows:
<br /> e $62,000.00 DUE FEBRUARY 1, 1977 ,
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<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 of the `r
<br /> said Association,and shall thereafter draw interest at the rate of nine per cent per annum.
<br /> The mortgagor hereby assign— to said mortgagee allrents and income arising at any and alltimes from said {
<br /> property and hereby authorize said mortgagee or its agent at its option, upon default, to take charge of said property and i-i
<br /> collect 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 /> meats provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid hal- .
<br /> 8 ance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in "1
<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 t1
<br /> with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br /> shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> t, therein all tares, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br /> a -- assigns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment 1
<br /> of the lien thereof. z
<br /> F And the said first party and the makers of said note, especially agree and declare that the separate estate of each and
<br /> j 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 /> h After the commencement of any suit in foreclosure the plaintiti 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
<br /> The foregoing conditions and agreements, all and singular,being fully performed,this conveyance shall be void, other-
<br /> X wise to be and remain in full force effect
<br /> Signed tt+iv s day of January ' ? 19
<br /> t 76 r�li .. . ,,
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<br /> ' at
<br /> In presence of e , /2-.'--11 .
<br /> Rab�rt,L. e
<br /> rI i zabe h .,. Derr, "6
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