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<br /> 78� �a o 6 s 1 REAL ESTATE MORTGAGE
<br /> HAROLD 6. AREHART AIJD ONETA AREHART, husband and wife, each in his and her own right
<br /> ��... �nd aa cnnuaa nf thpi nthar .. .. . .. .
<br /> ot the County of Ha I I �d State of Neb ras ka hereinafter called the party of the firat �
<br /> pnrt.In
<br /> coastderallon o* TWENTY THOUSAND E I GHT HUNDRED AND iJ0/1 00---------------------------�oL��
<br /> ' ia Laad paid, do hereby grant,bargaia,sell aad convey unto the Home Fedetal Savinga&Loaa Aasociatloa of Graad Zsland,
<br /> � Grand 7sland,Nebraaka,and its succeasore and assigns,the following real eatate,situated in Ha I I
<br /> CounYy,State of iJebraska �, towit:
<br /> LOT SEVEiJ (7) IiJ BLOCK TWO (2) IN WIEBE'S ADDITION TO THE CITY OF GRAND ISLA�dD,
<br /> HALL COUNTY, iJEBRASKA
<br /> TogetIaer wIth all the appurtenances thereunto belon�ng, aad all covenants in.all the tiUe deeds running with said real estate,
<br /> and all the rents,issues and.profits arising therefrom after default in performance of any covenaat or rnndition hereia coa-
<br /> tained;and.warraats the title thereto pertect and clear except for this mortgage.
<br /> Dnring the time thls mortgage is in force the mortgagors agree:
<br /> Firat To pay all taxes and special asaessments levied aga3nst said premises, including all taaes and assessments levIed
<br /> upon tLis moatgage,or the debt secured by this mortgage.
<br /> Second To keep all buildings thereon insured against loss by fire, llghtning and tornado in some rnmpany,to be ap�
<br /> proved by ihe said Home Federal Savings&Loan Association of Grand Island in the sum of � i nsurab 1 e va I ue „ fpr
<br /> the benefit of the said Association,and ib successois or assigns; and to deposit said policies with said Association,and shall not
<br /> commit or suYYer 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 Savtngs dc Loaa Associatlon of Grand Islend, its successors or
<br /> aselgns,the snm of¢ TWEfJTY THOUSAND EIRHT HIINDRF� AN� Nn/I00________________________DOLLARS,
<br /> payable as followa:
<br /> � b20,800.00 due February I , 1979
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<br /> � wltli iuterest thereon payable, according to the tenor and effect of the one certatn first mortgage note of sald mortgagors,
<br /> � bearing even date with these presents. After maturIty said bond draws internst at the rate of nine per cent per annum.
<br /> If'said taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br /> vlded,or if any of said interest is aot paid when due,then said whole debt shall become due immediately,at the opUon of the
<br /> said Aseociation,aad ahall thereafter draw interest at the rate of nine per cent per annum.
<br /> The mortgago� hereby assig�_ to said mortgagee all reats and income arLsing at any and all times from sa[d
<br /> proyerty and hereby author3ze said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br /> 'collect all rents and income therefrom and apply the same to the payment of Interest, principal, insurance premiums,taxea,
<br /> assessments, repaixs or improvemeats necessary to keep saId property in teaantable condition, or to other charges or pay-
<br /> me�s provlded for herein or in the note hereby secured. Thls rent assignment shall crontiaue in force until the unpaid bal-
<br /> ance of said note is fully paid. The taking of possesslon hereunder shall in no manner preveat or retard esid mortgagee in
<br /> the collection of said sums bp foreclosure or otherwise.
<br /> Whether said,debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply
<br /> with aRv conditIon hernln, the eald Home Federal Savings & Loan Association of Grand Island, the successora and assigns,
<br /> shall hsne the rlght to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> therein all taxea, assessments, insurance premiums and costs, paid by it or them; or sa3d Association, iffi succeasors or
<br /> aesigna, may foreclose onty as to the evm past due, without injury to this mortgage, or the displacemeat or impairment
<br /> of the liea thereoL �
<br /> And the said first patty and the malcers of said note, especially agree and declare that the seperate estate of each and
<br /> ' every ome'of them, induding both that now owned and that hereafter acquired, is p2edged and bouad for tLe paymeat of
<br /> ' the debt hereby aecurecl
<br /> Afber,the-commencement of any sult in foreclosure the plaintiff therein s6all be entitled to the immedtate possession of =
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<br /> " said premiees aad the appointment of a receiver therefor, notwiLhstandiag they may be the homestead of the occupaat and
<br /> nolwlthstanding the parties liable for the debt may be solvent, aad the first party hereby consents to the appointment of a � ,
<br /> ; Receiver upon the prodaction of thls iadenture, without other evidence. -- ;
<br /> The im�egoing conditiona and agreements, a71 and siagular,being fully performed,this conveyance shall be void,other• '� x
<br /> x : wiac to.be��aad remain isfall��force and effect. � � .�
<br /> £
<br /> � ' , '�gn��rh:< � � 2nd �� �y or Februarv s. D.. 19 �$ �. �;
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<br /> In presence of ���� �� �° v�7� "'.�j.��
<br /> y�. rold G. Are�art yp�•';
<br /> (i_-.-,, T.,.� �'/.� /, .- ___�. "
<br /> Oneta Arehart
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