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<br /> 76' E�����l`� REAL ESTATE MORTGAGE
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<br /> KYOX CONSTRUCTION, INC.
<br /> , � ot the County of F�all aud State o{ Nebraslca i�ereinatter culled the party ot thc firat pnrt,!n �
<br /> - consideraUon of "19iN THOUSANU ANU NOJ100----------------------------------------
<br /> -- -`-=�llOLLAIiS,
<br /> in hand paid, do hereby grant,barsaln,sell nnd convey unto the Ilomc Pederal Savittge&Loan Assoclation o[Grand Islend,
<br /> Grand Island,Nebraska,and its auccessors nnd ossigns,tf�e follawing rcal estate,situatedln Hall
<br /> County,Statc ot Nebra.^,ka ,._, towit:
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<br /> LOT SIX (6) IN liLOCR FIVIi (5) fN JIiNKINSON SU13llIVISION, I� SGC'1'ION TWO ('l.)
<br /> '1'OIJNSlIIP &LE�1LN (11) NOR'1'll, RANGL 7'6N (10) WI:ST OF 'IRt: 6TH Plil�c;IYAL PIPRIDIAN,
<br /> HALL COUNTI, nE13RASKA.
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<br /> � Togethcr with nll t6e appurtenances thereunto bclongmg,and all covenauts in all the litic deeds rnnning with sald reel estale +°_
<br /> and nll the rents,issues and protits adsing thernfrom nfter deiault ln pertormance of any co��enant or conditimi hereln con �
<br /> tained;aad wnrrants the tttle thereto perfect and dcar escept fur this murtqnge.
<br /> ` Dudng the tlme thfs mortgage is In furce tUe morfgagore aKrcc: 1
<br /> � First. 7'o pay all taxes and special assessments Ieeied agxinst natd premises, including .ill taxes nnd aesessments levled 6��
<br /> unon tl�ie mortgagc,or the debt secured Uy tl�is morfgage.
<br /> _ Secand. To kecp all Uuildinge tliercon lnsured against luss bp firc,llglitning and tornndo in sume cromnluy,to bc a� �
<br /> {{�} 10 OQ0.00 �
<br /> , , � proved by the satd Hame rederal Savings&Loan Associntion of Grand Island in the swn oE$ � for �:�
<br /> ihe bencElt ot Uie sald AssociaUon,and its successors or assigns; and lo denosit eald policics�eitli safd Assoclation,and ehall not �
<br /> �� cammit or suEfer nny wnste on eaid premises, and ehall put and kecp said ccal estnte bulldinge and improvemenka in good �
<br /> � order.
<br /> Thlyd. To pny or causc lo be pald to thc liome rederal Satdn�s& Loan Association of Grand Island, ite succcesors or �
<br /> ' '' - nssl8ns,thQ sum of*��fEN 'ft10USAND AND NO/100------------------------------ ----llOLLAItS,
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<br /> 5` payablc as follo�va:
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<br /> . � $10,000.00 duc Octobcr 15, 1977
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<br /> t wlpi intcresl thercan paynblc,accorcling to thc tenor nnd ettect of the ouc certaln first moiiY,agc nole o[ eald mortgagars �
<br /> � benrink even datc �vfth tUcsa presenls. Attcr malurity sald bund dra�vy intcrest at.tlte ratc ot ninc per cenl per nnnum.
<br /> i �j If sald laxes¢nd assessments nrc nat p:dd when duc, ot i[lhe bulidingn on ealJ premtsce arc not insurcd:is above pro- 'i
<br /> }: l vlded,or it any ot s�id intcrest is not patd�vhen duc,lhen aaid whole deLt shall becomc due[mmedtalcly,at the optton o[ihc !i?
<br /> �fi enld Associallon,and ahall tltereaflcr dra�v intcrest at th�rale of niuc per cent per annutn. �
<br /> T h e m o r t g a K o r— l i c r e b y a s s 1 K� t o s a i d m o r t g a g e c a t l r n n t s n n d t u co me ar is hig a l nny an d a l l t imea trum s�d d �;;
<br /> " �� property and lmreby authorizc snid murtgagcc ur Its agent,at Its option, upou de[ault, to take chnrgc ot snid prnpedy nnd 6�
<br /> � rollect all renls and income therefram und apply lhe seme to the paymenl ot Interest, prlt�clpal, Ineur�nce prenilums,tcuces, �
<br /> j�y assessments, repairs ar Improvements uccessnry to keep xald property in tenaulaUle conditim�, or to other clinrgee or pay
<br /> '� s ments provided fon c�rcin or in ti�c nolc hereby sccured.'Plils rent assignment ehnll cont(nuc tu force unlil the unpaid bal• ;�
<br /> '; � nnce of auld note t»falty pald. The tnking ot possession l�crcunder ehall in no mnnncr prnrent or retard sald morikagcc ln �
<br /> lhe collection of sald sums by toredasure or otlienviae, �
<br /> ?�? �Yhettier said deUt Uccomca duc by lapsc uf time, or by rcason �! the failure oI thc paity uf Uie tiret parl to comply ��
<br /> �� wllh nny condlt(on l�ercln,the sald Home Federal 5naing�& Loun A�sociutiun ut Gr;md Isiand, the succesaore a»d ussi�ns, ;�
<br /> shall Lave the r(ght to 6egin the {ureclosure of this morttia};e nt once on the whole debt hereby secured, nnd to Indude -�
<br /> r� thcrcin all taxes, nssessmenls, insu;ance premiwne nnd costs,paid by il or Uicnr, or xaid Assuciution, Its 6LLCCCR50C9 or �
<br /> (� asslgna, may [oreclosc only us tu lhe num past due, wilhwt injuq• lo Ihis uiurlk.�kc, or lhc ilisplacerocnl or Impainnent �:i
<br /> uf the ticn lhercuf. t;
<br /> � And the said tlrst paMy:md thc tnnkcrs o[salJ nulc,especL•illy agree and declnro ttmt Uie Fepnratc eslalc ot cacl� nud �
<br /> !! every one of them, lncluding both tLot now owned and that hercaticr ncyuired, is pledgcd imd bound for Uic payment o[
<br /> �� llu debt hereby secured. �7
<br /> �� A[lcr lhe commencement of any suit in foreclosure the plalull(t tlicrcin sl��ll bc enlilled tu the immedinte pussc�slon of Ef
<br /> �'{ snid prentlses and tho nppolntment of n recelvcr thcrcfor, notwltlistandin�;thr.y mny be thc horocstead ut the occupanl nnd
<br /> notwiQtetunQing the partica Ilable for ll�e debt mny bc solveut,nnd the firet party Lereby conscuta to tBe:ippulnttnent ot a �
<br /> Acceivcr upon thc pruductlon o[tlils indenturc, w�ilhout alhcr evldence. f•3 -•�
<br /> _ f The tamgoing conditions and agrcementv, nll and singulnr,beiug ful�y per[urmed,thia cunvr,ymree shall be vol�,oU�er•
<br /> � wiae to be and mmatn ln full torce nn�l etfect. � N ;
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