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<br /> � ��' ������ � REAL ESTATE MO RTGAGE
<br /> �
<br /> � GREGORY D. tdEHRING, a single person �
<br /> �' Hall Nebraska I
<br /> . of the County of and State of hereinafter called the party of the first part,fn �
<br /> TWENTY FIVE THOUSAND AND P�0/100---- ----- �
<br /> � ------------------------
<br /> conslderation of --�OLLARS,
<br /> i �
<br /> ia hand pnid, do hereby grant,bazgain,sell and convey unto the Home I�'ederal Savings&Loan Assoclutlon of Grand Island,
<br /> Grand Islaad,Nebraska,und its successore and assigns,the following renl estate,situuted in Ha I I
<br /> County,State of �:ebraska , towit: _j
<br /> � � .
<br /> LOT TWO (2) OF ISLAfdD ACRES SUBDIVISION N0. 10 IN iHE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA. � ,
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<br /> a � 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,lssues nnd profits azising therefrom ntter default in performance of any covenant or condition herein con f�•.
<br /> €� tained;and warrauts the title thereto perfect and clear except for this mortgage. � '
<br /> During the time this mortgage is in force the mortgagors agree:
<br /> , �E� First. Ta pay all taxes and special assessments levied against said premises, including all taxes and assessments levied �!
<br /> upon this mortgage,or the debt secured by this mortgage. �
<br /> �� Second. To keep all bulldings thereon insured aSainst loss by,fire,lightning and tornado in some company,to be ap• �t
<br /> '� proved by the snid Home Federal Savings&Loan Association of Grand Island in the sum of � �nsurab l e va I ue for �
<br /> i�' .
<br /> the benefit of the said Association,and its successors or assigns; and to deposit said policies with said Associalion,and shall not
<br /> � commit or�uffer any waste on snid premises, and shnll put nnd keep said real estate buIIdings and improvements in gaod 1
<br /> �! order. '
<br /> TWrd. To pny or cause to be paid to the Home Federal Savings& Loan Association of Grand Island�its successors or �
<br /> TWENTY F I VE THOUSAN� APd� N�/100----------- --DOLLARS,
<br /> assigns,the sum of� � •
<br /> ' � paya6le as follows: "
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<br /> zs
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<br /> '< �} February I, I977 and August I, 1977 �i '
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<br /> with interest theteon payable,according to the tenor and efEect of the one certaIn fint mortgage note of said mortgagora, i�
<br /> +_t bearing exen date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum 9
<br /> "� If said taxes and assessments are not paid when due, or iE the buildings on said premises are not insured as above pro- f'
<br /> � vided,or if any of said interest is not paid tvhen due,then said whole debt shali become due immediately,nt the opUon of the ''
<br /> said Associulion,and shall thereafter draw interest at the rate of ninc per cent per annum. �
<br /> ��• The mortgagor—hcreby assign— to said modgagce all rents and income arising at any and ali times from said :
<br /> }t, property nnd hereby authorize said mortgagee or its agent,at its option, upon dcfault, to take clmrge of said property and <{
<br /> � collect all renLs and income thcrefrom and apply the same to the payment of interest, principal, insurance premiums,taxes �'
<br /> ,.4 assessments, repairs or improvements necessary to kcep said property in tenantable condition, or to other charges or pay
<br /> ia ments provided for herein or in the notc 6ereby secured. This rent assignment shall co¢tinue in force until tbr unpaid r�
<br /> i' ��cc e:su;d aoEe is iuily paid. 1'he taking of possession hereundcr shall in no manner prevent or retard said mortgagee m '
<br /> � We collection of said sums by foreclosure or otherwise. 7�
<br /> $� Whether said debt bewmes due by lapse of time, or by rcason oi the failure of the party of thc tirst part to camply
<br /> {? with any condition hcrein,the said Homc P'ederal Savings & Loan Association uI Grand Island, the successors and nssigns ;
<br /> � shall have the right to begin the foreclosure of this mortgage at once on the whole debl hereby secured, and to include �
<br /> 7;' therein all taxes, assessments, insurance premiums and costs,paid by it or lhem; or said Associalion, its suceessors or
<br /> � assigns, may foreclose only as to the sum past due, without injary lo this mortgage, or tlie displacement or impairment `S
<br /> of the lien t6ereof. '
<br /> And the said first party and the makers of said note, especially agrcc and declaze that the separate estute of each and �
<br /> �� every one ot them, induding both that now owned and that heteatter acquired, is pledged and bound for the payment af +}
<br /> s-� the debt hemby secured. �';
<br /> � After the commencemenl of any suit in foreclosure the plainUEE thcrcin shall bc entilled to t6c immediate possession of
<br /> � said premiacs and the nppointment of a receivcr therefor, notwithstanding they may bc the homestead of the occupant and �
<br /> notwiUutunding the parUes llable for the debt may be solvent,and the first party hereby consents to the appointment of a !;
<br /> jiReceiver upon the production of this indenture, without other evidence. ' :,,�
<br /> � The foregoing conditioas and agreements, all and singulur,being fully performed,this conveyance shall be void,other � *'
<br /> 34 wise to be and rnmain in full force ard ettect. � H
<br /> � � 9.r.� n� �5t �;' � . �
<br /> Signed thic day o�_ q �.D., 19 �� ��
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<br /> jj In presence of �J , P� �
<br /> � /��1�. �/ `f� i'�:It% �'�
<br /> � /�' �1 / ��'"< �L
<br /> j3 Gre�+r'y�hAehring, a sin�l ' per�
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