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<br /> � ��-'������� REAL ESTATE �MO�TGAGE
<br /> RONALD D. STAHLI�ECKER AfJD RUTH E. STANI.NECK[R, husband and wife, each in his and her
<br /> own righY and as spouse of the other -
<br /> ot the County of Ha I I and State of �Jebraska hereinnftcr called the narty of the flrst �art,in �
<br /> consideration of TH I RTY—TWO THOUSAND E IGHT HUNORED AND NO/I 00 ------------------ ��
<br /> =DOLLAIiS, �
<br /> ln hand pald,do hereby grnnt,bargain,sell and convey unto the Iiome I'ederN Savings&Loan Associatlon of Grand Island,
<br /> Grnnd Island,Nebroska,and its successars and assigns,the:ollowing real eatnte,situnted!� Ha I I '�
<br /> County,State of Nebraska ,� towit: _
<br /> LOT N�NE (9) IN WESTERN HEIGHTS SECOND SUCiDIVISION, HALL COUNTY, NEBRASKA
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<br /> Together tvith all the appurtenttnces thereunto belonging,and nll covennnts in all the title deeds running�vith said mal estate,
<br /> � and all the rents,issues and profits arising therefrom after default!n performance uf any covenant or condition herein con- �
<br /> � tained;and warrants the Utle thereto perfect and clear except for this mortgege. �
<br /> During the time this mortgage is in foree the mortgngors agree:
<br /> First. To pny all taxes and speciel assessments levied against said premises, lncluding all taxes and assessments levied `t
<br /> � upon this mortgage,or the debt secured by this mortgage. �
<br /> ?t,t Second. To keep all bulldings thereon insured against loss by fire,lightning und tornado in some company,to Ue np• y'�
<br /> 4� proved by the said Home Federal Savings&Loan Association of Grand Island in the sum of$ �nsurab l e Va I ue far �"�
<br /> � the benefit of the said Assoclation,and its successors or assigns; und to deposit said polices with saId Association,and shall not �'
<br /> E+ commit or suffer any waste on said premises, and shall put and keep said real estate Uuildings 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 /> ussigns,the sum of g TH I RTY—TWO THOUSAND F I GHT HUNDRED AND PJO/I 00 --DOLLARS, k!'
<br /> � pnyable as follows:
<br /> $32,800.00 DUE �dAY I, 1�77
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<br /> with interest thereon payable,according to the tenor and effect of the one cettain first mortgage note of said mortgagors,
<br /> �.� bearing even date with these presents. Aftcr maturity said bond draws interest at the rnte of nine per cent per annum 1
<br /> "s3 If said taxes and assessments nre not paid when due,or if the buildings on said premises are not insured as above pro- '^.
<br /> a vided,or if any of satd inferest is not Paid when due,then said whole de6t shall becomc due immedlately,at the option of the If
<br /> �� said Association,and shall thereafter draw interest at t6e rate oi nine per cent per annum. �
<br /> �: '"he ^^rtgabor_ hcrcEy as;ign_ to sai(1 u�C�i6u6CC uii rca•s a^d in�ame ,sWinh at sn, ar.d all .:::es :.cro said .:
<br /> � property and hereby authorize said mortgagee or ils 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 et interest, pririclpat, insurance premlums,taxes, �'
<br /> �! assessments, repairs or improvements necessary to keep said property in tenantable condiGon, or to ot6er cUarges or pay- �
<br /> �j ments provided for herein or in the note hereby secured. This rent assignment shall continue in iarce until the unpaid bal- i?
<br />� ' ¢� ance of sald note is fully paid.The taking of possession hereunder shall in no manner prevent ot retard said mortgagee in �'
<br /> �{ the collection of said sums by foreclosure or otherx•ise.
<br /> Whefher said debt becomes due Ly lapse uf tlme, or by reason of the failnre of th;part�of the first part ta comply �
<br /> ; i with uny condition 6crein,tl�c said Home Federal Savings &Loan Associatlon oF Grand Island, the successors and assigns, i,i
<br /> shall have the right to begin the foreclosure of this mort�uge at once on the whole deUt hereby secured, a¢d to include y
<br /> � Lherein all taxes,assessments,insurance premiums and wsts,paid by it or them; or said Association, its successors or Q
<br /> { ' - asslgns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment �1
<br /> > �� ot the lien thereof. ''
<br /> Q � And the said first party and the makers oi said note, espccially agrce and declaze that the sepazate estate of each and �
<br /> �' every one of them, induding both that now owned nnd that hereafter acquired, is pledged and bound for the paymeut ot k�
<br /> 1 the debt hereby secured.
<br /> Atter the commencement of any suit in foreclasure the plaintiff therein shall be entitled to the immediate possession of
<br /> � said premises and the appointment of a receiver therefor, natwithstanding lhey may be the homestead of the occupant and �
<br /> ` notwithstanding tlie partics liable for the de6t may be solvent, nnd the lirst patty hcreby cansents to the appointment of a }1
<br /> ?j� Receiver upon the product3on of this indenture,without other evidence. �-€ ' � + �
<br /> � The foregoing condi�oas a¢d agreements, all and singulnr,being fully performed,tlils conveyance shall be void,other• � N �
<br /> E�` wise to be nnd remnin in full fome nnd effect.
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<br /> � Signed thiF 5th �y,o�_ ia n.D., 19 �� � � � ,
<br /> �- �� �poS9����n-a.� tf � ,'
<br />�' In presence of _¢�. �
<br />�'� � n nald D. Stahlnecker `� �
<br />� �E. ,�tn�Z„,...6� �
<br />�''� �u i �Ytah ner. er 4�
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