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<br /> h 76- 00I154
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<br /> ' e t e Third. To pay or cause to be paid to the Grand Island Trust Company of r 1•`, ` �
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<br /> ` : I iti ,; . . Grand Island, Nebraska, its successors or assigns, the sum of $ 51583 . 97
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<br /> ( iv{ ';> ; payable as follows ; 4t
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<br /> ! i'/'` - Sixty ( 60 ) payments of $ 129 . 00 each , due on the 5th of each
<br /> . month commencing April 5 , 1976 , • *ter;
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<br /> i. `1,•i . with interest thereon payable -semiannually; according to the tenor and effect of the
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<br /> fc one certain -ftr.G -m age- head of said mortgagors, hearing even date with these : �li:;
<br /> t -i •,2▪ 1: presents. After maturity said 4a°tic draws interest at the rate of nide per cent per ¢A
<br /> i . , V, , annum . loci,
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<br /> i . . • r If said taxes and assessments are not paid when due, or if the buildings on said ii:-
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<br /> z, c premises are not insured as above provided , or if any of said interest is not paid when fti`i .
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<br /> ;4 due, then said whole debt shall become due immediately, at the option of the said >� ;
<br /> ` Trust Company, and shall thereafter draw interest at the rate of +ilii Nrr cent per annum .
<br /> e.voi Whether said debt becomes due by lapse of time, or by reason of the failure of `,0, '
<br /> the party of the first part to comply with any condition herein, the said Grand Island
<br /> Ii'. . S▪ J : Trust Company of Grand Island, Nebraska, the successors and assigns, shall have the i'
<br /> • ' . right to begin the foreclosure of this mortgage at once on the whole debt hereby se• • �' ;`f •i
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<br /> • i ; cured, and to include therein all taxes, assessments, insurance premiums and costs, paid ii▪ i
<br /> . . mss by it or them ; or said Trust Company, its successors or assigns, may foreclose only as
<br /> to the sumpast due, without injury to this mortgage, or the displacement or im air• • 1•• ' �'
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<br /> r, �` merit of the lien thereof. a�.
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<br /> � � 17, i And the said first party and the makers of said note, bond and coupons especially t,F1 �<1
<br /> � ' . agree and declare that the separate estate of each and every one of them , including • 4 ' '
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<br /> E' II' , both that now owned and that hereafter acquired, is pledged and bound for the pay �.;
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<br /> , �c,l 4471 • merit of the debt hereby secured . :;* '
<br /> ,ii. After the commencement of any suit in foreclosure the plaintiff therein shall be P• '
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<br /> ' entitled to the immediate possession of said premises and the appointment of a receiver • • l )
<br /> ••.'�•. ,; 3 ., therefor, notwithstanding they may be the homestead of the occupant and notwith• t
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<br /> r:; standing the parties liable for the debt may be solvent, and the first party hereby consents ., {s'•
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<br /> fitrrx, to the appointment of a Receiver upon the production of this indenture, without i
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<br /> other evidence.
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<br /> • . iThe foregoing conditions and agreements, all and singular, being fully performed, >
<br /> this conveyance shall be void, otherwise to bz and remain in full force and effect . t;• = • `'
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<br /> Signed this 4th day of Mar chA . D ., 19 76 � `
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<br /> �` In presence of i71c CL2te- %1 ��` >`/ `
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<br /> }' i :3 ' Frederick M . Cook ,• b 4
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<br /> V. 's' • Levora E . Cook ''rAs 1 N
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