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<br />:�� 7�- oosls5 REAL ESTATE MORTGAGE �
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<br /> MICHAEL L. WEN"LL AND JEAN A. YIENZL, husband and wife, each in his and her own riqht
<br /> R � : and as spouse of the other
<br /> of the County of Ha l I and State of Nebraska ticreinafter called the party of the first part,in �
<br /> � consideraUon ot FORTY-TWO THOUSAND AMD NO/100 ------------------------------------�OLLARS, �
<br /> in hand paid,do hereby grant,bazgein,sell and convey unto the Home Federal Savings&Laan AssocinUon of Grand Island,
<br /> Grand Islnnd,Nebraska,and its successors and assigns,the following real estete,sltuated in Ha I I �
<br /> County,State of Nebraska �,towit:
<br /> LOT FOURTEEN (14) �E HEIGHTS FOURTN SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> 5 �. . � . � . . ���- � � ..
<br /> i �
<br /> �
<br /> � �
<br /> ; - � Together with nll the appurtenances thereunto belonging,and all covenants in all the tIUe deeds running with said real estate, i:;
<br /> and all the rents,issues and prolits nrtsing therefrom after default in performance of any covenant or condition herein con- ���
<br /> � tained;and warrants the title thereto perfect and clear except for this mortgage. �
<br /> = During the time thls mortgage is in force the mortgagors agree: t�
<br /> � � First To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied ��
<br /> s , upon lhis mortgage,or the debt secured by this mortgage. �
<br /> Y �j Second. To keep nll buildings thereon insured against loss by fire,lightning and tornado in some company,to be ap� t}
<br /> � proved by the said Home Federal Savings&Loan Association of Grand Island in the sum of$ �nsurab l e Va I ue far t�
<br /> �, the benefit of the said Assoclation,and its successors or assigns; and to deposit said policies with said Association,and shall not
<br /> i3 commit or suf[er any waste on said premises, and shall put and keep suid real estate buildings and improvemeats in good �
<br /> �� order. -{
<br /> � Third. To pay ar cause to be paid to the Home Federal Savings&Loan AssociaGon of Grand Island,its successors or
<br /> � FORTY—TWO THOUSAPJD APlQ N�/I�0
<br /> assIBns.the sum of S ---------------------------------DOLLAItS,
<br /> ' payable as follows:
<br /> �
<br /> x: ' � 542,000.00 DUE I•�OVEi/BER I, I977 �
<br /> s
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<br /> f with interest thereon payable,according to the tenor and eftect of the one ccrtain first mortgage note of said modgagors, �
<br /> f� bearing even date with these presents. After maturity said bond draws Interest at the rate of nine per cent per nnnum ��
<br /> � If said taxes and assessments ate not paid when due,or if the buildings on said premises are not insured as above pro- "
<br /> ,� 6 vided,or if any of said inferest is not paid when due,then said whole deht ahall become due immediately,at the option of the ��
<br /> � 1 said Associakion,and shall thereafter draw interest at the rate of nine per cent per annum. �
<br /> ` ' �s The mortgagor�hereby assig� to said mortgagee all rents and income urising at any and all times from said ;y
<br /> t - � property and hcreby authorize anid mortgagee or its agent,at its option, upon default, to take charge of said propertv and �=
<br /> � collect all rents and income therefrom.and apply the same to the payment of interest, principal, insurance premiums,taxes, �
<br /> a i j� assessments, repnirs or improvements necessary to keep said property in tenantable condiUon, or to other charges or pay-
<br /> —� ments provided far herein or in tl�e note hereby secured.Thls rent assignment shall continue in force untll thc unpatd bal- I:
<br /> � ance of sald note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> the collectioa of sald sums by foreciosurc or otherwise.
<br /> } �Vhether said debt becomes due by lapse of time, or bq reason o[lhe tailure of the paRy of the first part to comply �
<br /> � with any conditlan herein,the said Home Federal Savings &Loan Association of Grand Island, the successors and assigns, i-t
<br />� " ' � shall have the right to begin the foreclosure of this mortgage at once on the whole debt hcre6y secured, and to include �
<br /> r �{ [herein all taxes,nssessments,insurance premiums and costs,paid by it or them; or said Association, its successors or
<br /> ' assigns, may foreclose only as to the sum past due, without injury to tUis mortgage, or thc displacement or impairment t;
<br /> � �� of t6e lien thercof. ;�
<br /> �; And the saId first pady und the makers of said note,especially agree and dedare lhat the separate estntc of each and �
<br /> s p: ecery one of them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of i`i
<br /> � ( the debt hereby secured. �i
<br /> i � After the commencement af any suit in foreclosure the plaintiff therein shall be enlilled to the immediate possession of
<br /> # said premiaes and tfte appointment of a receiver t6erefor,notwithstanding thcy may be the homestead af the occupnnt and �
<br /> notwithstanding the parties llable for the debt may be solvent, a¢d the tirst party hereby consents to the appointment oi a
<br /> - � Receiver upon the production of this indeature,withaut oWer evidence. �� _ � ,
<br /> The foregoing condi6ons und agreements, all and singular,6eing fully performed,this convcyance shall 6e void,other- � `''^��: "
<br /> �� wise to be and remnln In full force and eftect. iy ,
<br /> ;p3 26th �! � '
<br />�� � Signed thia �Y of October ���J D., 19 ��' �il � �
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