|
� �
<br /> ... ��� .
<br /> �$' �a�825 REAL ESTATE MORTGAGE
<br /> LOUIS W. REIPM1ER. JR. AND LOIS M. REIMER. husband and wife. each in his and her own riaht
<br /> and as soouse of the other �
<br /> of tLe Connty of HALL aad State of �JEBRASKA �ereinafter called tlxe
<br /> party of the ferat part,in .
<br /> co�tderation of C I GHTY,F I VE THOUSAND AND NO/1 00-----------------------------------�OLLARS,
<br /> in head pald, do Lereby�aat,bargain,sell and convey unLo the Home Federal Savings dc I,oan Aasociation of Grand Island,
<br /> Grand Ssland,Nebraska,and ita successois and assigns,the following real eatate, altuated i� HAL L
<br /> Couat9.Stste ot NEBRASKA r„ Lowit:
<br /> LOT TVIEidTY SEYE�J (27) IN BLOCK FOUR (4) IN REPLAT OF RIVERSIDE ACRES, AN ADpITION TO THE
<br /> CITY OF GRAPJD ISLAi�D, HALL COUNTY, NEDRASKA.
<br /> �
<br /> Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate,
<br /> and all the rents,iseues and proIIts arlsing therefrom after default in performance of any covenant or condltioa hereia con-
<br /> tained; aad warranis the title thereto perfect and clear escept for tlus mortgage.
<br /> During the time thLg mortgage is in force the mortgagors agree:
<br /> First To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied
<br /> upon tbis mortgage,or the debt secured by this mortgage. '
<br /> Second. To keep all buildings thereon insured against loss by fire, lightning and tornado ia some company,to be ap
<br /> proved by the said $ome Federal Savings &Loan Association of Grand Island in the sum of F �nsurab le va i ue , for
<br /> the benefIt of the sald Assoc3ation,and its successors or assigns; and to deposIt said policies wlth said Association,and ahaII not
<br /> commit or suffer any waste oa said premises, and shall put and keep said real estate buildings and improvements in good
<br /> order.
<br /> Third. To pay or cause to be paid to the Home Federal Savings &Loan Association of Graad Island,its successora or
<br /> assigns,the aum of F�I GHTY F I VE THOUSAPdD AND NO/I 00----------------------------------DOLLARS,
<br /> payable as follows:
<br /> ; $5�667.00 DUE EACH MAY I, BEGINNING MAY i , 1979 WITH A FINAL PAYMENT OF $5662.00
<br /> j DUE May I, 1994.
<br /> with iaterest thereon payable,accordtng to the tenor and effect of the one certaia first mortgage aote of said mortgagora,
<br /> bearing even date wIth these presents. After maturity said bond draws interest at the rate of nine per cent per annum.
<br /> � If said taxes and assessments aze not paid when due, or it the buildInga on said premises are not 3nsured as above pro-
<br /> vided,or lf any of sald interest 9s not paid when due,then said whole debt shall become due immediately,at the option of the
<br /> said Associatton,aad ahall thereafter draw intesest at the rate of nine per cent per anaum_
<br /> The mortgagor� hereby assig� to said mortgagee all rents and income ar3sing at aay and alI times from said
<br /> property and hernby authorize 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, prtncipal, insurance preauums,ta�ces,
<br /> assesaments, repairs or improvements necessary to keep said property 3n tenantable condition, or to other chazges or pay- � �
<br /> ments provided for herein or in the note hereby secured. This rent.assignment sLall continue in fome until the unpaid bal- '
<br /> ance of said note is ful�y pald. The taking of posseseion hereunder shall in no manner preveat or retard said mortgagee in
<br /> the collection of said aums by farecloaure or otherwlse.
<br /> `Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the Srst part to comply,
<br /> with any condItion Lerein, the said Home Federal Savings & Loan AssociaUoa of Graad Island, the successors and assigna,
<br /> sha1L have the rlght to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include � �
<br /> therain all taaes, assesameats, insurance premiums and costs,paid by it or them; or said Association, !te successors or i
<br /> � aesi�a, m��foreclose only as to the aum past due, without injury to this mortgage, or the displacement or impairment .
<br /> of-the lien thereoL �
<br /> And,the said fiast party and the makers of said note, especially agree and declare that the seperate eatate of each and
<br /> everp one of them, including both that now owned and that hernaPter acquired, is pledged and bound for the payment of
<br /> the debt hereby secured.
<br /> � After the commencement of aqq suit in forecloaure the plaintiff therein shall be entitled to the immediate possession of � 9
<br /> ' said premises and the appointment of a reeeiver therefor, notwitl�standing they may be the homestead of the occupant and ,.�
<br /> i notwithstanding the parties.lIable for the debt may be solveat, and the first party hereby consenta to the appointment of a �
<br /> _--�.:s, «..
<br /> Receiver upon the production of tt�ia indenture,witfiout other evidence. r
<br /> The feregoing coaditlona and agreementa, all and aingular,being ful�q performed,this conveyance shall ba vo3d,otlaer- � �
<br /> wlse to be aad remain ln full force and effect. � W•
<br /> F SfiBned t�ta 9th �y of Mav s D. 9 78 Z�
<br /> r � . � . (�-'' . . T� . . ,,
<br /> p � . . . � ctc�.<�l G= � <<.,, •`i.,.
<br /> /
<br /> � � _ �
<br /> , in ps�eeence of �/� ` � �f � �-'
<br /> •., ,
<br /> ', . .' 'to_t s , e i me r, U r. �� ,- `� �'" :r=
<br /> ��, _ �_�� � . ,
<br /> _ . _.. . _ .•_ ... , .
<br /> Lo i s' tA. ReTmer
<br /> i��' J
<br />
|