|
� �
<br /> ��-� '
<br /> �8- C�01"��� REAL ESTATE MORTGAGE
<br /> MELVIi+I W. WILLIAh1� AiJU F'ATr'tfC'.IA O. WILLIAMS, husbancf ancl wif�, each in his and her ewr,
<br /> � riqht and as spouse of the other �
<br /> ' s'
<br /> of the Coua o� Hal 1 Nobraska
<br /> tY and$Lats o� xereiaafter calied the partp of the first part,in
<br /> considetaflen of FGRTY FOUR THOUSRND FOUR HUNDREG l+iJG IJt�/1 00------------ --- nOT,T•A�c,
<br /> in lund paia, do he:eby grant,bargain,sell and coavey unto the Home Federai Savings dc I,ean payodatioa of Graad Island,
<br /> GFand ISIand,Nebraska,and its successosa and as�Bns.the follovvine real estate.situat�ed i� Hd I I
<br /> Countq, State o� N��RASKA —.—, 'towit:
<br /> �OT S I XTY FOUR. Z o4) �E HE I GHl"S f=OUFC`fH SUBf)I V I S I ON, HAL L COUiJT'r, iJEBK2AS1iP
<br /> Togetfier wlth all the appnrtenaaces thereunto belooging, and a11 covenants In all the title deetls running with said resl eafaLe,
<br /> aad all the rents,ie8ues and profits ariaing therefrcrxq after defaulL in performance of any coveaant or condltioa herein coa
<br /> ta[aed; and warrants tt�e title thereto perfect and cleer except for this mortgage.
<br /> Dui3ng the time thls mortgage is in fonee the mortgagq:s agree:
<br /> F'irst To pay all tanes and specfal assessments 2evied against said premises, inCluding a11 taees and aasessmenis levie;f
<br /> upon Yhis morkgage,or the debt secured by this mortgage.
<br /> Secoad. To keep all 6ullding8 thereon insared against ioss by Sre, lightning and tornado in some company,tu be ap�
<br /> proved by the said Home Federal 5a ' i nsu r-ab l e va I ue
<br /> twgs &Loan Assoc3a#ion of Grand Island in the aum of S for
<br /> the beneftt of the satd ABsoctation,and i;s successors or assigns; and to depos9t said p+olicies with said Assaciatiaq and shall aot
<br /> ccmmYt or suffer any waste on sasd premiaes, and shall put and keep said real estate buildiage and improvements in good
<br /> or3er.
<br /> Thtrd. To paq or cause to be paid W the 8ome Federal Savings dc Loan Associat"aon qf Grand Island, its successurs or
<br /> ' aasi8ns,the aum oi� F���l' FOUC< l`NOUSAiJ� FOUR HUNDRED Ai�JD '�O/100-- ---- -----------DOLLARS,
<br /> ' - payable as follows:
<br /> b44,400.0U i�UE APRIL I, 1979 '
<br /> k .-� . � � .. . . -
<br /> '' with Interest thereon payable,accordlttg to the tenor and effect of the one certatn first mortgage note of said mortgagors,
<br /> bearing even date with these presenks_ After maturity said bond drawa interest at the rate of nine pet cent per annum.
<br /> Ii said taxrs and asaessmeats are not paid whea due, or if the buildings on said premtses are aot insured as above pro-
<br /> vided,or ii any M satd intereat is aot paid when due,then saId whole debt shall become due immediately,at the opUon of t6e
<br /> { said Aseociatioa,and shali thereafter draw intereat at the rate of nine per cent per annum. �
<br /> The mortgago� hereby agaig�_ to eaid mortgagee all rents and income
<br /> psoperty and hereby authorize said mortgagee or its �s�g at �Y �d all times from said
<br /> collect all reata aad income t6erefrom and a 1 the�same to �e option, upon default, to take cherge of said property and
<br /> ; pP 9 p yment of interest, principal, insurance premiums,taxes,
<br /> aasessments, repalrs or improvemenb necessary to keep said property in tenantable condItion, or to other charges ar pay-
<br /> ` meats provlded for herein or ln the note hereby secured. This reni asslgnment ahaIl coatlnue in force until the unpald bal-
<br /> anee of said note is fally paid. The taking of possess9on hereunder shall in ao manner prevent ar retard said mortgagee in
<br /> . the collection of said sums by foreclosure or otherwlse.
<br /> ; Whether said debt becomes due bp lapse of time, or by reason ot the failure of tl�e pariy of the first part to comp�v
<br /> � with any conditioa herein, tLe said Home Federal Savings & Loan Association of Grand Island, the successors and assigns, {{��
<br /> shall have the rIght to be�n the foreclosure o4 this mortgage at once oa the whole debt hereby secrsed, and to include �
<br /> � :lhereln all taaea. assessmeata,inaurance remlums and costs,
<br /> p paid by it or them; ar said Association, its successors or
<br /> e ae$iSaa, may Yareclose on(y as to the sum past due, without iajury to this mortgage, or the diaplacement or impairment
<br /> af.the lien thereof.
<br /> • And the said Srat party and the makera of said note, especlally agree and declare that the separate eslate of each and �
<br /> � every one of them, IncIuding both that aow owned and that hereafter acqulred, is pledged and bound Sor the payment of
<br /> �a the'debt hereby secured. �
<br /> � After the_oommencement of any sait in foreclosure the plalatiff therein shall be eatitled to the immediate posaeasion of '
<br /> ` ssi�ptemises.and the appo3ntment of a receiver therefor, notwithstanding they a�ay be the homestead of the occupaat and
<br /> � netovlthatanding the paatiee liable for the debt may be solveat, and the first partq hereby consenta to the appointment of a �'
<br /> Reoeiver upon the prodnMion of thls iadeature, without other evidence. .
<br /> � " The foregoing condiUoas aa�i ageeements, all and aing�ilar,being fully pertormed,tLis conveyance shall be vold, oLher- � ' ±'
<br /> r wlae to be and remain in!all force and effeck " �
<br /> � �ed tha. 4th '�.of A r i I D., 1978 '.
<br /> , � �i ,� �/' �` �
<br /> ".� Ia ptleeaoe of ��L_—ti�r J �G►/C�`" 'c��� r' ..,.
<br /> ,ae71�n p�. w i �� ,-,
<br /> (� .a.4�-�� �J��-!_��s,r�J
<br /> atricia D. SNi I I�iams
<br /> .... _,.. t ' �
<br />
|