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<br /> ��"'�a���2 REAL ESTATE MORTGAGE
<br /> M I u—CONT I NEiJT Ei�TERPR I SES, I iJC.
<br /> � of the County of HALL NEDRASKA � -
<br /> and State of �ereinafter called tLe party of the first part,ia
<br /> eonsIderatlon of FORTY OiJE THOUSAND S 1 X HUNURED AND NO/100------------------------
<br /> ---7iOLLAR.S,
<br /> in Land pald,do heteby gi�aat,bargaia,aell and coavey unto the Home Federal Saviags&Loan Aasociation of Graad Islaad,
<br /> Grand Ialand,Nebraska,and its auccessors and asslgns,the followiag real estate,situated in Ha I i
<br /> County, State o* �Jebraska �� ��t.
<br /> LOT TH I RTY SEVEiJ (37) I fJ E3LOCK S I X C 6) UV I T ONE (I) CONT I NENTAL GARDENS AN
<br /> ADUI T f OiJ TO THE CI TY OF GRAidG I SLAiJU, HALL COUi�TY, i�EBRASKA
<br /> � :
<br /> Together with all the appurtenancea thereunto belongIng,aad all covenants in all the title deeds running with said real estate, � ,
<br /> and ell the reata,issues and proIIts arising therefrom after default in performance of any covenant or coadiUon hereln con-
<br /> tained; aad warrants the tltle thereto pertect and clear except for this mortgage.
<br /> Durlag the time this mortgage is ia force the mortgagors agree:
<br /> F�rst To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied � -
<br /> upon tlils mortgage,or the debt secured by thia mortgage.
<br /> Second. To keep all buildings thereon insured against loss by£ire,lightning and tornado in some company, to be ap-
<br /> proved by the said Home Federal Savings di Loan Association of Grand Island in the sum of�t�Surab l e va I ue , for
<br /> the benefit of the said Association,and its successora or assigns; and to deposit said policies with said Association,and ahall not
<br /> commit or suffer any waste on said premises, and shall put and keep said real estate buildlags and improvements in good
<br /> order.
<br /> Thir� 'Po pay or cause to be paid to the Home Federal Savings 6s Loan Association of Grand Island, its auccessors or
<br /> aseigns,the sum of � FORTY OiJE THOUSAiJU S I X HU(JDREU AhJU NO/I 00-----------------------D�LI.AEis�
<br /> payable as Lollows:
<br /> y41 ,600.U0 due February I, 1979.
<br /> �
<br /> cvith interest thereoa payable, according Eo the tenor and effect of the one certain first mortgage note of sald mortgagors, �
<br /> bearIng even date with these presents. After maturlty said bond draws intereat at the rate of niae per cent per annuaL
<br /> � It said taxes and assessments are not paid when due, or if the buildings oa said premises are aot insured as above pro-
<br /> vided,or if any af said interest is not paid when due,t6en said whole debt shall become due immedtately,at the option of the �
<br /> said Asaoc3ation,and shall thereafter draw interest at the rate of nine per cent per anaum.
<br /> T'he mortgagor hereby assig� to said mortgagee all rents and income arising at aay and all times from said
<br /> property and hereby authorize said mortgagee or its agent,at its option, upon default, to take charge of said property and
<br /> colleet all rents and income therefrom and apply the same ta the paymeat of interest, principal, insuraace premiums,taxes, �
<br /> assesaments, repairs or improvemeats necessary to keep said property in tenantable condition, or to other ebarges or pay-
<br /> meats provided for herein or in the note hereby secured. Thie rent assignment sLall continue in force uatil the unpaid bal-
<br /> ance of said aote is fully paid.The taking of posseasioa hereunder shall in no manner prevent or retard said mortgagee fn �
<br /> Fhe collection of said sums by foreclosure or.otherwise.
<br /> Whether said debt becomes due by lapse of tlme, or by reasoa of the failure of the party of the tirst part to comply
<br /> with anY condItion herein,the saId Home Federal SavIngs &Loan Association of Grand Island, the successor8 and asaigns,
<br /> shall have t6e right to begin the foreclosure of Uus morLgage at oace on the whole debt hereby secured, and to 9nclude �
<br /> therein all tases, asseasments, insurance premiums and costs,paid by it or them; or said Asaociation, its auccessors or
<br /> aesigns, may foreclose on�y as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br /> of the lien thereot � �
<br /> Aad the said first party and the makera of said note, espedally agree aad declaze that the separate estate of each and i
<br /> every one of them, iacludiag both that now owned and that hernafter acquired, is pledged and bound for the payment of
<br /> the debt hereby aecured.
<br /> " After the commeacement of aay suit in foreclosure the plaiatiff therein shall be entitled to the immediate possession of � +
<br /> + said premises aad the appoiatmeat of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br /> � aotwithstaading the partte�liable for the debt may be solvent, and the first party hereby consents to the,appointment of a ,.;.�,r. M1 '�
<br /> ` Receiver upon the production of thie iadenture, without other evidence. n �.,•., , ,
<br /> t The fm�egadng conditions and agreementa, all aad singulaz.beiag fully performed.this coaveyariAe�Al��li�E,,6oi3,,other- �, `'
<br /> � wJse W be and remain In fuII fox+ce aad effect. ; ,•,. '•. -. � -
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<br /> i' gi�edtbtR 17th �y ot Januarv s D, Zy=� _78 7rl' �- J *_ �"�
<br />" t Ia preaence of ��,�. �;`�.�<<��1yQ,� u ' ;K;'f
<br /> _� =`F
<br /> htiD i T r_ C •``' . �.
<br /> dY; . -\� t 'f...�..:�
<br /> �� Attest• �
<br /> Mila . Bish, Pre nt Rona�d�nderohe, Secretary
<br /> . i..-,.,.��,- ..,_ �
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