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<br /> � 76- t)0 4 i�.i RE�1L ESTATE MORTG�►GE
<br /> ROGER A. GADE AND K/1REN A. GADE, husband and wife, each in his and her omn ri�ht and
<br /> as spouse of the other
<br /> ot the County of H��� and State of Nebraska uereinuftcr culled the party of thc first part,in
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<br /> ' consideration of TN I RTY–SEV[N THOUSANO S I X HUfJDRED AND NO/I 00 --------------------�OLLARS, �
<br /> In hand patd, do hereby grant,bargaln,seU und convey unto the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Ialand,Nebraska,and its successors and nssigns,the following real estnte,aituated in Ha I I
<br /> County,State of Nebraska towit:
<br /> LOT FOURTEEhI (14), BISHOP HEIGHTS SECOND SUBDIVISIGIJ, HALL COU�dTY, NEC�RASKA
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<br /> �i Together with all the appurtenances thereunto belonging,and all cuvenunts m a!I the title deeds running with said real estate �d
<br /> and all the rents,issues and prafits nrising therefrom after detault in perfortnance of any covenant or condition herein con-
<br /> � tained;and warsanisthe tiUe theretu perfect nnd clear except for this mortgage. �
<br /> ;; During the time th3s martgage is in force the mortgagars agrec �! '
<br /> � rirst. To pay all taxes and specinl assessments levied against said premises, including all taxes and assessments levted S"
<br /> upon thts mortgage,or the deht secured by this mortgage. �
<br /> f; Second. To keep all buildings thereon insured against loss by firc,lightning nnd tornado in some company,to be ap• �
<br /> #{ proved by the said Home Federal Savings&Loan Association of Grand Island in the sum of s ���surab l e Va�ue for 1,(
<br /> the benefit ot the said Association,and its successors or assigns; and to deposit said policies with said Association,and shall not Yti
<br /> � commit or sufter any waste on said premises, and shall put and keep said real estate buildings and improvements in good �'
<br /> 1 order. i'%
<br /> Thlyd. To pay or cause to be paid to the Home Federal Savings& Loun AssociaUon of Grand Island,its successors or +
<br /> � � I H I RTY–SEVEN TiiCUSAND S I X HUidDflED AfJD t•iG/I 00 -------------- � '
<br /> assigns,tl�e sum oE 4 DOLLARS, �j
<br /> � payable as follows: �
<br /> � >j7,600.00 DUE S�PTE'iEFR I, I�77 '�
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<br /> with interest thereon payable,according to thc tenor and effect ot the one certaln first mortgaqe notc of said mortgago �
<br /> E; bcaring e��en date tvith these presents. After maturity said bond dra�vs interest at the rate of nine per cent per annum. �
<br /> tt If said taxes und assessments are not paid when due, or if the buildings on said premises arc not insured as abovc pro-
<br /> vided,or if any of said interest is not paid when due,then said �ti'hole debt shall become due immediately,at thc option of the '`
<br /> � said Association,and shail thereafter draw interest at the rate of ninc per cent per annum. � .
<br /> ri The mortgagor— hereby assign_ to snid mortgagec all rents and income arising at any and a4 times from said
<br /> �d propedy and hereby authorize said mortgagee or its agent,at its option, upon default, to takc chargc of said property and ,;
<br /> � coUect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums,taxcs '�
<br /> assessments, repairs or improvements necessary to keep said properly in tenantable condition, or to other charges or pay 'F
<br /> ments provided for herein or in the r.�te hereby secured. This rent assignment shall continue in force until the unpaid bal-
<br /> ancc of said notc is fully paid. The taking of possession hereunder shall in no manner prevent or rclard said mortgagee in d
<br /> 1 lhe collection of said sums by foreclosure or othern�ise. g
<br /> R'hether said deUt becomes duc by lapse uf timc, or by reason ot lhe failure of thc partp of the first part to comply
<br /> �t tivith any condition herein,the said Iiome Federal Savings & Loan Associatiun of Grand Island, the saccessors and assigns, �
<br /> shall have the right to begin the fureclosure of this mortgagc at oncc on the whole debt hereby secured, and to include
<br /> �i thercin all taxes, assessments, insurance premiums and costs,paid by it or thcm; or said Association, its successors or ��,
<br /> ;;� assigns, may foreclose only as to the sum past due, without injury to this modgage, or the displacement or impairment '��
<br /> o[the licn thereof. '
<br /> � And the said first party and the makers of said note,especially agrce and dcdarc that the scparate estate of each and �
<br /> f.4 e��ery one of tl�em, including both that now owned nnd that hereatter acquired, is pledged und bound for the payTnent of ri
<br /> '1 thc debt hereby secured. :
<br /> � After the cotnmencemenl of any suit in foreclosure the piaintiff therein shall be entilled to thc immediate possession of '(�
<br /> Y: said premises nnd the appointment oE a recciver therefot, notwithstanding thcy ma}• be the homestead of the occupant and �
<br /> ;� notwithstanding the pariics liable tor thc debt may be solvent, and the lirst party hereby coasents to the appointment of a �':
<br /> Rece3ver upon the producUon of this indenture, without other evidence. j; ;�
<br /> The foregoing conditions and agmements, all ¢nd singulnr,being fully performed,this conveyance shall be void,ather-
<br /> F, wisc to be and rematn in full force and etfect. � •N
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<br /> � 23rd Au�iust 7t� (t
<br /> Signed this day of A D.,,19— � '
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<br /> In presence of –� ' ' " __ �� �
<br /> � ��oaef N C-.ide f;
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<br /> t Y,�ran A. Cade �
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