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<br /> �,r�-���7_� �f_� REAL ES�'ATE MORTGAGE �
<br /> ROBERT L. BERRY AND ELIZABETH J. BERRY, husband and wife, each in his and her o�.vn
<br /> right and as spouse of the other
<br /> � HaII Nebraska �' �
<br /> of the County of and State of –_hereinafter called the pnrty of tLe first pnrt,in
<br /> � consideraHon of SEVENTY–FIVE THOUSAND AND NO/100 ----- --------—�OLLARS
<br /> in hand paid,do hereby grant,bargain,aell and convey unto the Home Federal Savings 8•Loan Aasociation of Grand Island,
<br /> Grnnd.Island,Nebraskn,and its euccessors and asslgns,the following reai estate,situated i� Ha I I
<br /> County,State of Nebraska towit:
<br /> LOT FOURTEE(J (14), IN BLOCK THREE (3), IN REPLAT OF RIVERSIDE ACRES, AtJ
<br /> AODITION TO THE CJTY OF GRAND ISLAND, NEBRASKA ACCORDI�'G T6 JHE RECORDED
<br /> PLAT THEREOF.
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<br /> Together with all the appurtenances thereunto helonging,and all covenants in all the titie deeds running with saId real estate, F�
<br /> ` and all the rents,issues and profits arising therefrom after defnult in performance of any covenant or wndition herein con- �
<br /> ' talned;and warrants the fl8e thereto perfect nnd clear except for this mortgage.
<br /> �' �� During the time this mortgage is in force the mortgagors agree:
<br /> Flrst To pay all taaes and special assessments levied against said premises, induding all taxes and assessments levied F t
<br /> � upon this mortgage,or the debt secured by this mortgage.
<br /> Second. To kaep all buildings thereon insured agaInst loss by Sre,lightning and tomado in some company,to be ap� �
<br /> � Insurable Value �
<br /> proved by the said Home Federal Savings&Loan Association of Grand Islaad in the sum of$ far 2'
<br /> ��, the benefit ot the saId Association,and its successors or assigns; and to deposit said policies with said Association,aad ahall not � .
<br /> commit or suffer any waste on said premises, and shull put and keep said real estute buildings and improvements in good
<br /> ' �j order. �
<br /> ,,, �
<br /> �'s e Third To pay or cause to be paid to the Home Federal Savings&Loan Association of Grand Islnnd,its successors or �
<br /> °'' -0� , SEVENTY–FIVE THOUSAND AND d0/IDO ---------------------------- DOLLARS,
<br /> �� asstgns,the sum of$
<br /> ; � payable as follows:
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<br /> 'j,` ' � �
<br /> � $75,000.00 DUE DECEFiBER I, 1977
<br /> 14
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<br /> � with interest thereon payahle,according to the tenor and eifect of thc one certatn first mortgage note of said mortgagors,
<br /> �. beazing even date with these presents. Affer maturity said bond draws interest at the rate of nine per cent per annum.
<br /> " °j If said tnaes and assessments aze not paid when due,or if the buildings on said premises aze not insumd as a6ove gro- "
<br /> 4 ;� 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 /> _ 4' said Association,and ahall thereafter draw interest at the rate of nine per cent per nnnum.
<br /> �, The modgagor 5 Lereby assign_ to said mortgagee all rents and income arising at any and all times from said �
<br /> }� property aad bere6y authorize said mortgagee or its agent,at its option, upon default, fo take charge of said property and ;,�
<br /> � � collect all rents and income therefrom and apply the same to the pnyment of intcrest, principal, insurance premtums,tazes, �
<br /> usessments, repairs or improvements necessary to keep said property in tenantable condition, or to oLher charges or pay-
<br /> 1' � meats provided for herein or in the note hereby secuted.This rent ussignment shall continue in farce until the unpaid bal- ?'4
<br /> ' �' ance of said note is fully paid.The taking of possession hereunder shall in no manner prevent or retard sald mortgagee in �{
<br /> � the collection of said sums by foreclosure or othenvise. �
<br /> ? [`, R'hether said debt becomes due hp lapse of time, or by reason ot the failure of the party ot the [irst part to comply e;
<br /> � with any conditian hernin,the said Home Federal Savings &Loan Association of Grand Island, the successors and :ssigns, r;
<br /> shnll have the rig6t to begin the foreclosure of this mortgage at once on the �vhole debt hereby secured, and to include ��
<br /> t� therefn all taxes,assessments,insurance premiums and costs,paid by it or t6em; or said Association, its successots or
<br /> � nssigns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impalrment ��
<br /> .> of t6e lien lhereof. "�
<br /> And the said first party and the makers of said note,especially agme and declaze that the separate estate af each and
<br /> °� 1� every one of them,Including both that now owned and that hereafter acquired, is pledged and bound for the payment of �
<br /> 4 f� t6e debt hereby secured. �F
<br /> � Aftet the commencement of aoy suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of �
<br /> '� sald premises and the appointment of a mceiver therefat,notwithstanding they may be the homestead of the occupant and
<br /> notwithstunding the parties liahle for the debt may be solvent,and the first party hereby consents to the appointment of a I#
<br /> f� Receiver upon the production of thls indenture,without other evidence. i# _; I
<br /> The foregoing condiflons aad a�eements, nll and singulaz,being fully pedormed,this conveyance shall be void,other-
<br /> � wise to be and remain in full force and effect. � � '.
<br /> , L � �ecern�er'� q � • �
<br /> s��ned ct�is �3tn aay af— ` ���6 �
<br />�' � In presence of . .C�. ! f' 'L/ % � � �
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<br /> r � Eliz _ h J. Gerr.� t
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