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<br /> 76. "11 11 REAL ESTATE MORTGAGE
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<br /> H & H CONSTRUCTION COMPANY BY LaMOINE I. HOAGLAND, A SINGLE PERSON AND ARTHUR R.
<br /> HENDRICKSON AND IOLA F. HENDRICKSON, HIS WIFE, BEING ALL OF THE PARTNERS.
<br /> of the County of HALL and State of NEBRASKA hereinafter called the party of the first part,In
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<br /> i consideration of TWENTY-FOUR THOUSAND AND NO/100 _DOLLARS,
<br /> in hand paid,do hereby grant,bargain,sell and convey unto the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Island,Nebraska,and its successors and assigns,the following real estate,situated in Fla I I
<br /> t.
<br /> Nebraska
<br /> v County,State of , towit:
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<br /> LOT SIXTEEN (16), BISHOP HEIGHTS SECOND SUBDIVISION, HALL COUNTY,
<br /> ? NEBRASKA.
<br /> F.
<br /> Together with all the appurtenances thereunto belonging,and all covenants in all the title deeds running with said real estate, 1.
<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 title thereto perfect and clear 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 f
<br /> upon this mortgage,or the debt secured by this mortgage.
<br /> i Second. To keep all buildings thereon insured against loss by fire,lightning and tornado in some company,to be ap-
<br /> proved by the said Home Federal Savings&Loan Association of Grand Island in the sum oft i nsurab le 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 /> c" 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$TWENTY-FOUR THOUSAND AND NO/100 DOLLARS,
<br /> r payable as follows:
<br /> 124,000.00 DUE APRIL I, 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 /> itIbearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum.
<br /> - i4 If said taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br /> t
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<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
<br /> ., said Association,an0l shall thereafter draw interest at the rate of nine per cent per annum.
<br /> i - The mortgagor_ hereby assign__ to said mortgagee all rents and income arising at any and all times from said
<br /> i. property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br /> collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums,taxes, H
<br /> YF assessments, repairs or improvements necessary 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 force until the unpaid bal- N
<br /> ance of said note is fully paid.The taking of possession hereunder shall in no manner prevent or retard said mortgagee in i,,
<br /> the collection of said sums by foreclosure or otherwise.
<br /> Ci 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 /> k with any condition herein,the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns, ii
<br /> shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> N 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 this mortgage, or the displacement or impairment FS
<br /> of the lien thereof. i
<br /> And the said first party and the makers of said note,especially agree and declare that the separate estate of each and
<br /> 15 every one of them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br /> the debt hereby secured. !I.
<br /> • After the commencement of any suit in foreclosure the plaintiff 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 [3
<br /> }' Receiver upon the production of this indenture,without other evidence. *^L
<br /> The foregoing conditions and agreements, all and singular,being fully performed,this conveyance shall be void,other- N i"
<br /> wise to be and remain in full f e and effect. t
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<br /> Signed this day of__March A.D., 19 76 �
<br /> H & H CQWSTRU JIR(0 t`
<br /> In presence of BY :l-b-:.i,-a- IIEE t cGG r< 41-,/"Air�
<br /> Aril-16r R. rlendrici son ,''
<br /> 1. H & H CONSTRUCT ION CO. By:
<br /> � ��77i, , /V�- Iola I-. Hendrickson
<br /> f Uy: - /l%irU (,, /Y`'[`�. C-/.2' ,��,,,,it. _ Y'.� ,..-�:.-i-.,-ice.-.,.-,�
<br /> j Twine I. Hoagland, single person
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