|
f ' .. . . . . . . � �1.N.�� . . � . . .
<br /> E �... . . . . . . . ,IL�3E�:^.SSRs.Xu:�'.��+3:?I?."�M�JBIR^�+�1��'II7�6.`�'"��"�'"�•�,lL��uL�1lCt5�1�.�."U�"/t �. : . � � ..
<br /> �� � :
<br /> �
<br /> ' �6- U��'�� f REAL ESTATE MC�RTGAGE 1 >
<br /> :;
<br /> ? FR�� � GION AND MARTHA L. GION, husband and wife, By Frank D. Gion Her Attorney �
<br /> °� ' i n Fact
<br /> d of the County of E�aI I and Stute of Nebraska hcrelnaiter culled the party of the first part,in `
<br /> � � � `. ��
<br /> ? consideruUon of TWENTY F I VE THOUSAND AND NO/I 00------ I
<br /> � -----------��-----------------�OLLARS, ;
<br /> � in hend pald,do here6y grant,bazgaln,sell and convey unto t4e Home Federal Savings&Loan AsaocinUon of,Grand Lslaad,
<br /> s ., ..:. . . � . . . .. . . . . � � . . � . � ,
<br /> ' Hall
<br /> � Grand Ielend,Nebraska,nnd its auccessors and nssigns,the following real estate,sltuated in 3`
<br /> ,'� County,state of Nebraska ,�,towit: r
<br /> r
<br /> �� . � . . . . . . . .. i.
<br /> -� tOT FOURTEEN (14), IN BLOCK FOUR (4), IN REPLAT OF RIVERSIDE ACRES,
<br /> '�
<br /> ;''�� AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA ACCORDING TO TNE RECORDED
<br /> � PLAT THEREOF.
<br /> :, ;-
<br /> � t� �
<br /> � �' Together with all the appurtenances thereunto belonging,and nll covenants in all the title deeds running wIth safd rnal estate, �� °
<br /> and all the rents,lssues and prafits urising therefrom after detault in pedarmance of any covenant or condition herein con-
<br /> tained;and warrants the t{tle thereto perfect and clear except for t6is mortgage. � ;
<br /> k ,°��p � Durio g tbe time thls maMgage is in force the mortgagors agree:
<br /> y Flrst. To pay all tarzes and special assessments levIed against said premises, including all taxes and ussessments levied �f
<br /> �: � upon this mortgage,or the debt secured by this mortgage
<br /> � # Second. To keep all buildings thereon insured against lass by fire,lightning and tornado in some company,to be ap• �
<br /> , proved by the said Home Federal Savings&Loan Association of Grand Island in the sum of$ I nsurab l e Va(ue for �. '
<br /> i � the benefit of the said Association,nnd its successois or assigns; und to deposit said policies with said Association,and shall not � ;
<br /> commit or suffcr any waste on said premises, and shall put and keep said real estnte buildinga and improvements in good
<br /> � } order. 1 '
<br /> � Third. To pay or cnuse to be paid to the Iiome Federal Suvings &Loan Association of Grand Islnnd,its auccessors or � `
<br /> X} � assigas,t6e sum of$ TWENT'( F I VE THOUSAND AND NO/I 00----------------------------------DOLLAHS,
<br /> �; � payable as follows:
<br /> � ^
<br /> � b25,000.00 DUE October I, 1977 �
<br /> � � ;
<br /> � �_�
<br /> � � );3
<br /> } � � ;
<br /> � ,s �� �j '
<br /> � � with intcrest thereon payable,uccordIng to the tenor and effect of the one certain first mortgage note of saId mortgagors, "
<br /> g� bearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum. �
<br /> ;� H said tases nnd assessments are not paid when duc, or if the 6uildings on sald premises are not insured ns above pro- ?. `
<br /> � vided,or if uny of said interest is not paid when due,then said whole debt shail become due immediately,at the option af the ��
<br /> { � saId Association,and shall thernatter draw interest at the rate of nine per cent per annum. �
<br /> i F The mortgagor—hereby assig� to sald mortgagee all rents and income nrising at any and al! times from satd
<br /> # i4
<br /> property and hereby authorize said mottgagce or its agent,at its option, upon default, to take chnrge of said propetty nnd {
<br /> � ,� collect all rents and inwme therefrom and apply the same to the payment of interest, principal, insurance premIums,taxes, �
<br /> 7 �� assessments, repairs or improvements necessnry to kecp said property in tenantuble conclition, or to other charges or pay-
<br /> ments provided for herein or in the note hereby secured. TMs rent assignment shall contInue in force untll the unp�id bal _S.
<br /> i � ance of sald note ls fully patd.The taking of possession hereunder shall In no manner pre��ent or retard said mortgagce m `a
<br /> t the collection of said sums by foreclosure or otLerwise. �}
<br /> �VhMher said debt 6ecomes due bp lapse af time, or by rcasan of the failure of the party of the first part to comply �}
<br /> � �� with any condition herein,the said Iiome Federal Savings & Loan Association of Grand Island, the successors and asstgns ;:
<br /> > �f shall have the right to begin the foredasure of this mortgagc at once on the whole debt hereby secured, and to include �
<br /> '? °� therein nll tsxes, nssessments, insutance premiums and wsts,patd by it or them; or said Association, its successors or
<br /> i 5� assIgns, may foreclase only as to the sum past duc, without injury to ttils mortgage, or the displacement or impairment �S
<br /> of the llen thereof. �p
<br /> And the said first party and the makers of said note,especially agree and declare that the separate estate of each and
<br /> s � every one uf them, lncluding both that now owned and that hereaiter acquired, is pledged and bound for the payment of �
<br /> the debt hereby secured.
<br /> � After the commencement of any suit in foredosure the plalntiif thereln shall be entitled to the immediate possession of �
<br /> said premises and t6e appointment of a receiver therefor, notwithstanding they may be the homestead of tlie occupant and
<br /> � � notwithstanding the paztles llable for the debt may be solvent,and the first party hereby consents to the appointment of a R
<br /> � Itecelver upon the proaucUon of this indenture,without ather evidence. Fd ,.;;,.!
<br /> The fomgoin� rnnditlons und agreements, sill nnd singular,being fully performed,this conveyance shall be void,other
<br /> ll
<br /> � w+se to be and rr:..:ln in tall force and e;fect. � a
<br /> Signed th�a 6th daY a� October -�D., 10 ��' J �
<br /> l � � �.
<br /> �� ` � � h �V
<br /> 5{ In prnaence of '��-" � tg
<br /> � rank D. io /� � E ;A
<br /> 3���G��. �� '.Lac�fC
<br /> �, /
<br />� � � _� ��
<br /> v � � rd� A
<br /> c
<br /> � c� ��__l
<br /> I .a��:r.,,o�.��1.,_ � �� , � ;m-;��,��• i�-��-�a:;�.;�;�
<br /> ! _ �
<br />
|