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<br /> �s-..�a o 8 7 3 REAL ESTATE MORTGAGE
<br /> � (�ARY R ��1c�TTE�Jt3RI�Jk AidU ROXAiJi�E METTEdDRIi�JK husb�n� and v�i ie, u:�cF� i n h i s ��nd h�r owr,
<br /> riqht and as spouse of the other
<br /> of the County of hal i nnd State of�Jebraska hereiaafter called the �
<br /> party of the first part,in
<br /> considereHon of FIFTYTt-IOUSAIJU A�JD tJ0/I00------------------------------------------�OLL.ARS,
<br /> ia Land paid, do hereby grant,bargain, sell and convey unLo the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Island,Nebraska,and its aucceasors and assigns,the following real estate,situated in H�-I I
<br /> CouaLy,State oo �Je b r a s k a towit:
<br /> LOT EIGHT (o) dISHOP HEIGHTS THIRU SUBDI`✓ISIOfJ, HALL COUiJTY, iJE6RA5KA
<br /> Together with all the appurteaances thereunto belonging, and all covenants ia all the title deeds running with eaid real estate,
<br /> and all the rents, iasues and proHts arlsing therefrom after default in performance of any covenant or condiUon hereia con-
<br /> talaed; and warrants the title thereto perfeM and clear eacept for this mortgage.
<br /> D�sing the time this mortgage is in force the mortgaSors agree:
<br /> First To pay all taxes and apecial assessments levled against said premises, including all taxes and assessments IevIed
<br /> upon tLis mortgage,or the debt secured by this mortgage.
<br /> Second. To keep ail bnildings thereon insured against loss by fire, llgh*n� and tornado in some company, to be ap�
<br /> proved by the said Home Federal Savings&Loan Association of Gtaad Island in the sum of$�^c i�ra h 1 a ��a i��a Sor
<br /> the beaeIIt of the said Association,and its successors or assigns; and to deposlt said policles with said Association,and shaIl not
<br /> cotnmit or suffer any waste an 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 SavinSs & Loan Association of Grand Island, ita succesaors or
<br /> i assi�s,the s�m►oi�IFTY THOUSANG ANG tJ0/100--------------------------- ---------_�Or.r_suc.
<br /> � payable aa followa:
<br /> � �y2,O�U.UO Principal payment due annually beginning P�larch I, 1978 and each March I
<br /> until the loan is paid in full March I , 2003.
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<br /> a3th iaterest thereon payabie, according to the tenor and effect of the one certain first mortgage note oi said mortgegors,
<br /> bearing even date with theee presents. After maturlty said bond draws interest at the rate of nine per cent per annum.
<br /> - If sald taaes and assesaments are not paid when due, or if the buildtags on said premises are not insured as above pro-
<br /> � vlded,or if any oi eaid interest ia not paid when due,then said whale debt shall become due immediately,at the option of the �
<br /> � naid Aseociatlon,and shall thereaftet draw interest at t]�e rate of nine Per cent per annum.
<br /> The mortgagors hereby asstgn— to said mortgagee all rents and income artsing at any and all times from said
<br /> prnperty,and hereby authorize said mortgagee or its agent,at its option, upon default, to take charge of said property and
<br /> collect"all'reats and income therefrom and apply the same to the payment of interest, principal, insurance premiums,t�es.
<br /> aaseasments, repairs or improvements necessary to keep said property in tenantable condltioa, or to other charges or pay-
<br /> me�s provided for Lerein or in the note hereby secured. This rent assignment shall co�inue in force until the unpaid bal-
<br /> j ance of said note is fally paid. The talring of poavession hereunder shall in no manner pravent or mtard said mortgagee in
<br /> f]ae collecHon oi sald eums by foreclosure or otherov3se.
<br /> � Whether said debt becomes due by lapae oY time, or by reason of the failure of the party of the first part to comply
<br /> t avith any cond!lion herein, the seid 8ome Federal SavIngs & Loan Associatton of Grand Islaad, the successors and assigm,
<br /> aball have the right to begla the foreclosure of this mortgage at oace on the whole debt hereby secured, and to include
<br /> , i therein all taxes, asaessmeats,insurance premiums and cosffi, pald by iL or them; or sald Association, its auccessoxa or
<br /> asatgns, may toreclose oaly as to the sum past due, without injury to thls mortgage, or the displacement or impairment
<br /> of the lien thereoL
<br /> Aad the said flrat party and the makers of said note, especially agree and declaze that the separate estate of each and
<br /> • every one of them,including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br /> the debt hereby secured.
<br /> � ' After the rnmmencement of a� suit ia foreclosure the plaintiff thereln shall be entitled to the immediate poescgsion of � �
<br /> � satd premises and the appoiaimeat of a receiver therefor, notwitLstanding they may be the homestead of tLe occupant and
<br /> �, b noivvithstanding the parties liable for the debt may be solvent, aad the first party hereby conseata to the appointment af a c
<br /> Seceivet;upqa tha Production of this indenture, without other evideace. _ "
<br /> '-The.imegoirig conditions and a�eements, all and singular,beIng fully performed,this conveyance ahaII be void,oRher- E � �
<br /> plse'to be and remain ia Ynil force and effect � �` r
<br /> �, ti:
<br /> ku��*�� r LOth February 78
<br /> day D., 19 �`
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<br /> I In�p=esence..of; . R t n b r i k t i <�:��
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<br /> �'r I'ti-- !���' ..f.r_�T n.a,.,.,,,� w__>
<br /> , � xanne Mettenbrink
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