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<br /> REAL ESTATE MORTGAGr
<br /> EARL J IIAKUY AIJD LINDA R IIARDY husband and wifc each in his and lier o�an rigtit and
<br /> as�ouse of the other �_
<br /> of the County of Hall and State of �lebraska tiereinufter called tl�e party of the first part,i❑ �
<br /> conslderatlon oLFORT� TtiOUSAND AIvD T70/100-----------------------------------------�OLLAIiS,
<br /> ln hend pald,do heteby grant,bargnln,sell end convey unto the Home Fedcral Savings&Loan Assoc(ntion ot Grand Islaad, �
<br /> Grand Island,Nebraska,nnd its successore aud assigns,the following real estato,altuated ih Ha 11 �
<br /> County,Stetc of Nebraska , ,towit: _
<br /> i
<br /> LOT TI�10 (2) SLOCK EIGIiT (8) IN REPLA�r or 12IVERSIDE ACRES, AN ADDITION
<br /> TO TIiE CITY OF GRA1Vll ISLAND, NEBRASKA ACCORDING '1'0 TFIE RECORDED PLAT
<br /> TFlEREOF.
<br /> !-3
<br /> � Together�vikh all the appurtenances thereunto belonging,and all covenuots jn all the title decds runniog�ti�IW s�id real estate, t�
<br /> and all the rents,Issues and prufits arising therefrom ufter default In performance of any covenant or condition hereln con• �
<br /> tained;and warrants the title thereto perfect and cleaz except for thls mortgage.
<br /> During the time tlils mo[tgnge is in force the mortgagors agree: �
<br /> � � First. To pay all taxes and specinl assessments lev7ed against snid premises, including all taxes and assesaments levied �!
<br /> r upon th3s mortgnge,or the debt secured by Uus mortgage. �
<br /> � Second. To keep all buildings thereon insured against loss by fire,lightning and tomado in some company,to be ap� �,
<br /> �� 40,000.00 ;3
<br /> proved Ly the said Home Federal Savings&Loan Associntion of Grand Island in the sum of$— for
<br /> � the benefit of the sald Assoctation,and ifs successots or assigns; and to deposit said policies with said Assoctation,and shall not �
<br /> �' �1 commit or suffer any wnste on snid premises, and shall put and keep said real estate buildings and im�rovements in good �#
<br /> t orden `
<br /> � T61rd. To pay or cause to be paid to the Home Federal Savings&Loan Association of Grand Island-3ts successors or f`:
<br /> ` uasigns,the sum of g rORTY THOUSAND AND NO/100---------- ' DOLI.AItS �
<br /> ;� � payable as fallows: F�
<br /> $40,000.00 due April 21, 1977 �
<br /> !3 E'4
<br /> % 7' �
<br /> � with interest thereon payable,according to the tenor and effect of the onc certnin first mort�age note of said mortgagors, �
<br /> beazing even date with these presents. Atter matutity sald bond draws interest at thc rnte of nine per cent per annum.
<br /> j �1� If said taxes and assessments nre not paid when due, or if the buildings on said premises are not insured as above pra '
<br /> ' vided,or if any of said interest is not paid when due,then said �cl�ole debt shall bewme due immediatcly,ut the opUon of the �'d
<br /> ;
<br /> �F said Association,and shall thereatter draw interest at the rate of nine per cent per annum. �
<br /> The mortgagor G hereby assign— to sald mortgagee all rents und income arising at any and nll times from said �i
<br /> � �•d property and hereby authorize said mortgngee or its agent,at its option, upon default, to take charge of said property and i�
<br /> collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums,ta�ces, �'
<br /> � � assessments, tepairs or improvements necessnry to keep said property in tenantable condition, or to other charges or pny- P�
<br /> - �=( ments provided far herein or in the note hereby secured.Thi,rent assignment shall continue in force until the unpatd bal- �
<br /> ' r' ¢�^e of.said note���illy paid.The taking of possession hercunder shall in no manner prevent or relard said mortgagee in '
<br /> i � the collection of said sums by foreclosure ar othenvise. �
<br /> ' �: Nhether said debt becomes duc by lapse of time, or by reason of the failure of thc party of the first part to comply ��
<br /> t with any conditlon hcrein,thc said Home Federal Savings & Loan Association of Grand Island, t8e successors and assigns, �
<br /> � shall have the right to begin the foreclosure of this mortgage at once on fhe whole debt hereby secured, and to include `
<br /> thercin all taxes, assessments, insurance premiums and costs,paid by it or them; or said Association, its suceessors or �
<br /> �. assigas, may foreclosc only as to the sum past due, without injury to this modgnge, or thc disPlacement or impairment ?}
<br /> y �i of the lien themof. t�
<br /> And the said first pnrty and the makers of said note,especially agree and declare that the separate estate of each and ��
<br /> ' +S every one af them, including both that norv owned nnd that hereafter acquired, is pledged and Uound for the payment of �!i
<br /> � € the debt hemby secured. ��
<br /> s � Ai[er the commencement o[ nny suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br /> r� said premises and the appoiatment of a receiver theretor, notwithstnnding they may be the homestead ot the occupant aad
<br /> notwithstanding the parties liable tor the debt may bc solvent,and the first party 6ereby consents to the uppolntment of n �
<br /> � Receiver upon t6e production of this indenture,without other evidence. Ft I
<br /> The fomgoing conditions nnd agreements, all and singular,being fully performed,this conveyance shall be void,other•
<br /> �� wlse to be nnd remain ln full forc`..�@ eEfect. � a ��
<br /> �
<br /> 26th April 76 w' I �
<br /> � Signed thIs day o�_� D., 1�J_ �1 J �
<br /> f:� �Z, � �..�� `��� �L-�" ?j r. '
<br /> �a In presence of C�
<br />� Earl .]' Nar�iy / � uti
<br /> �.���_�� �,L;� ;�l, ��/
<br />�� � ` I;inda P.. tlar'c�y -- ��
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