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<br /> 78-- ����?�3 REAL ESTATE MORTGAGE
<br /> MIU COiVTIiJENT Ei�TERPRISES, INC.
<br /> ot the County of HALL and State or tJFBRASKA heretnafter called the �
<br /> party of tIae first part,Sn . � �
<br /> rnnsIderatlon .+f TH I RTY SEVEiJ THOUSAND FI VE HUNDRED AND NO/100------------- nOLLARS,
<br /> in hand paid, do hereby grant,bargaln, sell and convey unto the Home Federal Savings&Loan Association af Grand Island,
<br /> Grand Island,Nebraska,and its successors aad assigns,the following real estate,situated i� Ha I I
<br /> COt1Lt9. $tBtC nf iJohraclra � tOW1Y: . � � �
<br /> LOT TH I RTY E I GHT (38) I iJ B LOCK S 1 X (6) UN I T ONE CONT I NEiVTAL GARDEiVS, AN ADD I T I ON
<br /> T0 THE CITY OF GRAND ISLAND, HALL COUfJTY, NESRRSKA.
<br /> Together with all the appurtenances thereunto belonging, and all covenants ia all the t3tle deeds running w1W sald real estate,
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<br /> and all the reats,issues and profiTs arising therefrom after default in performance of any covenant or condition herein con-
<br /> tained; and warranfs tLe title thereto perfect and clear except for this mortgage.
<br /> During the time this mortgage is in force the mortgagors agree:
<br /> F�ist To pay all taxes end special assessments levied against said premises, including all taxes aad assessmeats levied
<br /> upon this mortgage,or the debt secured by thia mortgage.
<br /> Secoad To keep all buildings t6ereoa insured against loss by�ire, lightning and tornado in some company,to be ap
<br /> proved by the said Home Federal SavIngs dc Loan Association of Grand Island in the sum of � �n su rab l e va I ue , for
<br /> the benefit of the said Associa4on,and its successors or assigns; aad to deposit said policies with said Association,and shall not
<br /> commit or auffer any waste on said premises, and shall put and keep said real estate buildings and improvements ia good
<br /> order.
<br /> Third. To pay or cause to be paid to the Home Federal Savings & Loaa Association of Grand Island,its successors or
<br /> asaigns, tLe sum of$ TH I RTY SEVEN THOUSANG F I VE HUNDREU AND 'JO/I 00------------------Dpr.r.ns�c,
<br /> payable as followa:
<br /> $37,500.00 due february I , 1979.
<br /> with interest thereon payable,according to the tenor and dfect of the one certain first mortgage note of said mortgagors,
<br /> beariag even date with these preseata. After maturity said bond draws interest at the rate of nine per cent per annum.
<br /> If said taxes and assessments are aot paid whea due, or if the bulldings oa said premises are not insured as above prn
<br /> vided,or if any of esid iaterest is not paid when due,then said whole debt shall become due immediately,at the option of the �
<br /> said Aasociation, and shall thereafter draw interest at the rate of nine per cent per annum,
<br /> TLe mortgagor_ hereby assign— to said mortgagee all rents and income arlsiag at any and all times from said
<br /> � property and herebq authorize said mortgagee or its agent, at its option, upon default, to take charge of said property aad -
<br /> collect all renis and income therefrom and apply the same to the payment of interest, principal, insurance premiums,taxes, �
<br /> essessmenis, repairs or improvements necessary to keep said property in tenantable condttion, or to other charges or pay-
<br /> � ments provided for herein or in the note hereby secured. Th3s re� assignment shall coniinue in forc�until the'unpaid bal-
<br /> ance of sald note is fully paid. The talring of possession hereunder shall in no manner preveat or retard said,mortgagee in �
<br /> the collection aF seid sums by foreclosure or othervvise. ''
<br /> Whether said debt becomes due by lapse of time, or by reason of the failure of the party of tLe first:p�[tt ta comp�y
<br /> with aay condition hereia, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br /> � shall have the right to be�n the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> therein all taxes, aqsessments, in�+,nrce premiums and costs, paid by it or them; or said Association, its successors or �
<br /> aesigas, may forecloee only as to the aum past due, witl�out injury to this mortgage, or the displacement or impairment
<br /> of the lien thereof. �
<br /> " And the said first party and the makers of said aote, especially agree and declere that the sepazate estate of each and
<br /> every oae of them, iacluding both that now owned and that hereafter acquired, is pledged aad bound for the payment of
<br /> the debt herebY seeured.
<br /> 'After the commencement of any suit in foreclosure the plaiatiff therein shall be entitled to the immediate possession of �
<br /> said premises and the appointmeat of a receiver therefor, notwithstanding they may be the homestead of t6e occupant and
<br /> notwItLstanding tiae parties 19able for the debt may be aolvent, and the first party hereby consents to the appointment of a �. ' �'t1
<br /> lteceiver upon the productloa of this indenture,without other evtdenca. -
<br /> TLe foregoing rnnditioas and agreements, all and aingular,being fully performed,thia coaveyanca,altall be void,ot6er-
<br /> wine to be and z�emaln la tull force and effect. t °.�•. � �� `-,:
<br /> ��� � 17th � �� �
<br /> ��rht. �y„f J an ua ry �. D., 39�� , ��
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<br /> Ia presence of �« �� r
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<br /> M I D CONT I NENT EivT _ -
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<br /> �Y' � Attest' � -'.a�� •_/_
<br /> —��� - �, enfi Ronald R. Vonderohe Secretary
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