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<br />� REAL ESTATE MORTGAGE �
<br />�� GREGORY D. P.IEHRING, a single person
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<br /> _ � of the County of Ha I I aud State o� Nebraska F�creinafter called lhe paHy of the firat p1rt,in �
<br /> consideration of TWENTY-E I GHT THOUSAND AND NO/I 00 ------------------------------- _DOLLARS,
<br /> in hand paid,do hereby grant,bargaln,sell aad convey unto the Iiomc Pederel Savings&Loan Aasoclntion of Grand Islnnd,
<br /> Grand Islaud,Nehraska,and its euccessors nnd assigns,the tollowing reul estate,situated i� Ha I I
<br /> County,State of Nebraska �, towit:
<br /> LOT FIFTEEN (15) IN BLOCK Tt�lEL4E (�?_) IP! COLLEGE AGDITIGN TO WEST LAVIN, IN
<br /> ' GRAND ISLAND, HALL COUfdTY, FIEBRASKA
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<br /> t � Together with all the appurtenances thereunto belongin�,and all covenants in all the title deeds running with said real estate, {�
<br /> and all the rents,issues and profits arising therefrom after default ln performance of any covennnt or condition herein con-
<br /> # tained;and warrants the title thereto perfect and cle�r except for thls mortgage. �
<br /> " During the time this mortgage is in force thc mottgagors agree: €{
<br /> � First. To pay all taxes and special assessments levied against said premises, including all taxes and ussessments levied �'•
<br /> Ex ' � upon this mortgage,or the debt secured by this mortgage. �
<br /> � Second. To keep all buildings thereon insured against loss by firc,lightning and tornado in some company,to be ap� �'
<br /> ' � proved by the safd Home Federal Savings&Loan Association of Grand Island in the sum of$ I nsurab l e Va I ue for 1.�
<br /> � thc 6enefit of the sald Association,and Its successors or assigns; and to deposit said policies with said Association,and shall not �
<br /> �; 7,.,t commit or suffer any waste on said premises, and sLall put and keep said real estate buildinga and improvements in good {#
<br /> €i arder. `
<br /> ThIrd. To pay or cxuse to be paid to the Home Federal Savings& Loan Association of Grand Island,its successors or �
<br /> ` � asslgns,the sum of g Ti'lENTY-E I GHT THOUSAhJD APJD NO/I 00 ------------------------- DOLLARS,
<br /> � payable as follows: `-�
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<br /> 528,G00.00 DUE PJOVEhSBER I, I 977 j1
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<br /> wlth interest thereon payable,according to the tenor and effect of the one certaln firsf mortgage note of said mortgagors,
<br /> ,( bearing even date with these presents. Atter maturity said bond draws interest at the rate of nine per cent per annum. t�
<br /> gi IE said taxes and assessments are not paid when due,or i[the huildings on said premises are not insured as above pro- `-j
<br /> j vided,ar if any of said interest is not paid u•hen due,then said whole debt shall become due immediately,at the option ot the
<br /> tP, said Association,and shall thcreafter draw interest at the rate of nine per cent per annum. �
<br /> �'• The mortgagor— hereby assiga.5_ to said mortgagee all rents and incame nrising at any and all times irom said 4'
<br /> - '? property and hereby authorizc said mortgagee or its agent,at its option, upan defauit, to take charge of said property and ;i
<br /> �J�l collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums,taxes, �
<br /> - � �`t assessments, repairs or improvements necessary to kcep said property in tennntable condition, or to other cliarges or pay-
<br /> �� ments provided for herein or in the note hereby secured.ThIs rent assignment shall continue in forcc until the unpaid bal- �:t
<br /> e ance of said notc is fully paid.The taking of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> p the callection of said sutns by foreclosurc or otherw�se.
<br /> SVhether said de6t becomes duc by lapse ot time, or by reason of the failure ot tl�c party of the iirst part to comply
<br /> �1. with any condition herein,thc said Home Federal Snvings&Loan Association of Crand Island, the successors a¢d assigns, i�i
<br /> shall have tlie right to begin the[oreclosure of this mortFage aC once un tl�e whole debt hereby secured, and to include a
<br /> � lherein all taxes, ussessments,insurance premiums and casts,paid by it or them; or said Association, its successors or r
<br /> i j asslgns, may foreclose only ns to the sum past due, �tiithaut injury to this mortgage, or thc displacement or impairment �
<br /> �; k4 of the lien thereof. �?
<br /> � And the said first party and the makcrs of said notc,especially agrce aod declare that the separate estate ot cach and �
<br /> s? everp one of them, inclucling hoth that now owned and that hereafter ncquired, is pledged and baund for the pay�nent of f?�
<br /> �: � the debt hemby secured. �
<br /> Attcr the cotnmencement of any suit in foreclosure the plainLiff therein shall be entitled to the immediate possession of �"
<br /> t ; �j said premises aad tl�e appointment of a recelccr therefor,notwitlLctanding thcy may 6c thc homestead of thc occupant and �
<br /> �� notwithstanding tl�e partics liable for the debt may be solvent, and the first party berehy consents to the appointment of a ;;
<br /> Receiver upon the production of this indenture,�vithout alhcr evidence. ,j
<br /> � The foregoing conditions and ngreements, all and singular,beine fully performed,this conveyance ahtili be void,other- �j r ;�
<br />� �' wise to be and remain in full fomc nnd eftect. y •
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<br /> � Signed tti;� 26th �y aq November n D., lfl �� f� I �
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<br />� ;{ In presence of /r`('C' .T� . ,i/��%�/'/iZl� f:� J n
<br /> � Gr�'r� `�i�hring si al, person �, �
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