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<br /> � ��6' �''��'a��� R�AL ESTATE MORTGAGE � � � �
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<br /> R06ER GADE CONSTRUCTION, being a sole proprietorship by R.oqer 11. Gade and 'F.aren A, Gade
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<br /> of the County of Hal I and State of Nebraska hcrcinaRer called the party uf t6c first part,in �
<br /> � TNIRTY-S[`/EN THOUSAND SI'!. NUNDRFD AIJD NO/100 ----------------------- )d I
<br /> '• consideratlon of - npLLARS,
<br /> in Lnnd puld, do hereby grant,burgein,sell and co¢vey unto the Home Federnl Suvings&Loan Association of Grnnd Island, �
<br /> Grand Islnnd,Nebraska,und its successors and assigns,the following real estate,aitunted i� F��I I
<br /> ' Couaty,State of Nebraska , , towit �
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<br /> � LOT FOURTEEN (14), BISHOP HEIGHTS SECOPID SUE3DIVISION, NALL COUNTY, NEBRASIU�
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<br /> Together with all the appurtenances t6ereunto belonging,nnd all covenants in all lhc title deeds running w�th said mal estnte ��
<br /> � and all the rents,issues and proflts ar[sing therefrom after de[ault in pertormance of any covenant or condiGon hereln con �,
<br /> tained;and warrants the title thereto perfect and clear except for t6is moctgage. �;
<br /> ; During the time this mortgage is in force the mortgagors agree: `'�
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<br /> � First. To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied "'
<br /> q upon thls mortgagc,or the debt secured by this mortgage. �
<br /> !'� Second. To keep all buildings thereon insured against loss by fire,lightning and tomado in some company,to he ap Yi
<br /> � proved by ttie said I�ome Federal Savings& Loan Assaiation of Grand Island in the sum of$ I nsurab l e Va I ue for t
<br /> } the benefit of t6e said Association,and its successors or assigns; and to deposit said policies with said Association,and shall not �
<br /> wmmit or suffer any waste on said premises, and shall put and keep said real estate buildings and improvements in gaod �;
<br /> !� order. `�
<br /> yThird. To pay ot cause to be paid to t6e FIome Federal Savings & Loan Association of Grand Island,its successors ar �
<br /> P� azsigns,the sum of$ TH I RTY-SEVEN THOUSAND S I;< HUNDRF� P.tdD h!0/I f10 ----------------- DOLLARS, y7
<br /> payahle as follows: �
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<br /> i,37,600.00 DUE SEPTE.`4BER I, 1977
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<br /> with interest thereon paya6le,according to the tenor and effect of the one certain first mortgage note of said mortgagors �
<br /> � bearing even date with t6ese presents. Atter maturity said bond draws interest at thc rate of nine per cent per annum.
<br />< aj If said taxes and assessments are not paid when due, or it the buildings on said premises arc not insured as above pro- '
<br /> � vided,or if any of sald interest is not paid when due,then said whole debt shall become due immediately,at the option of the `!
<br /> �V; sald Association,and shall thereailer draw interest at the rate of nine per cent per annum. �
<br /> ° The mortgagor- hereby assigt� to said mortgagee all rents and income arising at any and all times from said
<br /> R property and hcreby nuthorize said mortgagec or its agent,at ifs option, upon default, to take cliarge of said properiy and ��
<br /> collect all rents and income themfrom and apply the same to the payment of interest, principal, insurance premiums,taxes, �'
<br /> � assessmenLs, repairs or improvements necessaq�to kceP said property in tenanfable condition, or to other charges or pay-
<br /> 4� ments provided far herein or in the no[c hereby srcured.This mnt assignment s6all continue in force until the unpaid bal-
<br /> � ance of said note is fully paid. 1'he takiog of possession hereundcr shall in no manner prevent or retard said mortgagce m �
<br /> [he collection of said sums by foreclosure or othenvise.
<br /> �z �Yhether said debt becomes duc by lapse of time, or by reason af the failure of thc pacty of the first part to comply
<br /> '� with any condition hercin, t6c said Home Federal Savings & Luazi Association of Grand Island, the successors and assiGns
<br /> � shall have the right to begin the foreclosure ot this mortga�e at once on tl�e whole debt hcrchy secured, and to include �
<br /> thercin all taxes,assessments, insurance ptemiums and custs,paid by it or them; or said Association, its successors or
<br /> ` assigns, may forcclose only as to thc sum past due, without injury to this mort;age, or the displacement or impairment :'
<br /> �`� of the lien thercof.
<br /> And the said first party and the maken of said note,especially agrce and declare that lhe separate estate oE each and �
<br />- eren� one of them, induding bo[h that now owned and that hereafter acquired, is pledged and bound for t6c pa3-ment of 1T`
<br /> �� the debt hemby secured.
<br /> � After the commencement of any suit in foreclosure ttie plaintiff thcrcin shall bc entitled to thc immediate possession of "
<br /> �T{ said premises and the appointment of a receiver therefor, nohvithstanding thcy mny be the homestead of the occupant and �
<br /> notwithstanding the parlies liahle Sor thc debt may be solvent, and the first partp hereby consents to thc appointment ot a
<br /> � Receiver upon the productian of this indenture, without other evidence. �,; , i
<br /> The fomgoing conditions and ogreements, nll and singular,being Sully performed,this conveyance shall be void,other (�
<br /> }E wise to be and remain in full iorcc and etfect. T; l en
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<br /> L ��Y Signed t6�a 2r� day u�'eDtember a.D.. 1f1 7� +j• a
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<br /> i20GEP, �CO'lSTRUCT I Oi�l �^� �'
<br /> ;' In presence of / r� 4p
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<br /> �_�ger,�:: ���aE � .
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