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<br /> 78- U�'�'��8 REAL ESTATE MORTGAGE
<br /> TRI-CPTY EwTERPRPSES, ING.
<br /> � Half �
<br /> of ihe Couatg o� and State o* NEBf2ASKA �erelnafter called the psrty of the £u�at pert,in
<br /> conatderation � FQR7Y TNOUSA7dD F4VE kiUtJbRED AND N6/I00-- - -
<br /> nOLLARS,
<br /> ? in hand ppld, do heraby grant,bargain, sell and convey unto the Home Federal Savi `
<br /> . ; ,. nSa &Loaa Assocfatioa of Grand Islamd,
<br /> Grand Islend,Nebraats,qnd its auccesson 8nd asstgas,the ioLowing real evfate,sttuated ir Ha I I
<br /> CountF.Stste af CJebrask� �, towit:
<br /> i
<br /> F
<br /> - LOT THIRTY EIGHT, (3b), CAPITAL HEIGHTS SFVENTH S�bDIWISION, IN HALL COUNTY
<br /> � (�EBRASfCia.
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<br /> i Together wIth allthe appurtenances t6ereunto belonging,and a11 covenants ln allthe title deeds running with said reai eaiate,
<br /> and all the rents,Issues and profits srLsing fherefrom after defanit ln per£ormance of any eovenant or copdition hereia con-
<br /> � teined:and warraata the title t6ereto perfect and alear except for thts mortBage.
<br /> During the time this mortgage ia in force the morkBaSors agree:
<br /> Flist To pay all taaceS and speciaY assessments levled against said premtses, including a11 taxes and assessments levied
<br /> npon this mortgage,or the debt secured by this mortgage.
<br /> Second To keep all buildings thereon insured against loss by fire,lighCning and tornado ia some eompany,to be ap�
<br /> proved bF�e asid Home Fcderal Savings&I.oan Association of Grand Island in the sum of$ �ns u�ab l e va f ue . for
<br /> I the benetit of the satd AssociatIon,and its successors or assigns; and to deposit saTd policies with said Assodatioa,.bad'sha11 not -
<br /> camaut or suffer any waste on said premises, and shall put ahd keep said real estate buildiags and improvemeats ia g'bo�"
<br /> � order• ` -�- :;: _ '
<br /> Third. To pay or cause to be paid to the Home Federal Savings ds Loaa Association of Grand Sciaad� its'auccessocs.or`
<br /> " { � FORTY THOUSAND FIWE H1�,'�pREG AND NO/100--- ---- : `! � _
<br /> the aum of$ ------ - - ----�
<br /> i• pAyable as Eollows: -w -
<br /> ; $40,500.00 Due Ap r i I I, I 979 � .
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<br /> wlth interesf thereoa payable, according to the tenor and effect of the one certaln first mortgage note of said mortgagors,
<br /> bearing evea date with these prese�s. After maturlty said boad draws interest at the rate of nine per cent per annnm.
<br /> If eaid taxes and assessments are not paid when due, or if the buildings oa said premises are not Insured as above pro-
<br /> vlded,or if anq of eald interest is not paid when due,then said whole debt shall become due Immediately,at the option of the �
<br /> said Associatioa,-and shall thercafter draw interest at the rate of nine per ceat per annum.
<br /> The mortgagor_ hereby asaign_ to said mortgagee all rents and income arisIng at aay and all times from said
<br /> prnperty and herebq author3ze ssid mortgagee or its agent,at its opUon, upon default, to take charge of said property aad
<br /> 'coIIecf all'rents sad tncome therefrom and apply Lhe same to the payment of interest, principal, insarance premi�s,taaes, �
<br /> essPssmeats, repaus or improvemeMs aecessary to keep said property in teaantable condition, or to other cLarges or pay-
<br /> ments provided for herein or in the note hereby aecured. Thls rent assignment shall conUnue in force unttl the unpaid bal-
<br /> ' ance of said note ie ful�v paid The taking of poesession hereunder shall in no manner prevent or retard said mortgagee in � .
<br /> ` N►e collectioa of aaid sums by foreclosure or otherwise.
<br /> ' Whether said'debt becOmes due by lapse of time, or by reason of the failure of the party of the Srst part Lo comply
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<br /> } wlth any condiUoa herein,the said Home Federal SavIngs & Loan Aasociatioa of Grand Island, the successors and assigna,
<br /> shaII have the right to bepa the foreclosure of this mortgage at oace oa the whole debt hereby secured, and to include �
<br /> therein all taxes, aseessments, insurance premiums and costs, paid by it or them; or said Association, its successora or
<br /> assigns, may foreclose on�y as to the sum past due, wlthout injury to this mortgage, or the displacement or impairment
<br /> ' of the llen thereo£� � ,
<br /> f And tha said:first party and the makers of seid note, especially agree and declare that the separate estate of each aad
<br /> every oae of them, including both that now owaed and that hereafter acquired, is pledged and bound for the payment of
<br /> � tLe debtr herebY secured. pp
<br /> � After tLe.commencement of any sait 9n foreclosare the plaintiff therein shall be enHtled to the immediate posaeeeion of � i
<br /> ' said premisea and the appoiatment of a receiver therefor, notwitlastanding they may be the home'a[cad of the ocenpant and -�
<br /> ; aotwitLstanding the parties liable for the debt may be solvent,aad the f(rst party hereby conseata to the appolntmeat of a � a� .
<br /> � B e c e i v e r.�o n,t h e p r o d u c t i o n o f t h i s i n d e a t u r e, w I t h o u t o t h e r e v i dence. +�
<br /> -The loregoing conditions and agreements, all and aingular,being fally performed, this conveyance ehall be void, other- , �
<br /> �, � �wise to be aad nemain in fall torce and effect � � ' �
<br /> �.
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<br /> g �.s��t,.�. a� _ . �o= ��..�A.� �. D.. �e.?.� �
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<br /> ; ��p�.�n� � � � � � TRI-CITY ENTERPRISES IfJC. � � �'��^�
<br /> � , ,k"-LL' (6y _�Gr��Jzl _ . � .
<br /> BY: R ert E. Graham Presi�fent
<br /> ��� /_�_�
<br /> ; �ary . Graham, Secretary �
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