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<br /> �$� �U3057 REAL ESTATE MORTGAGE
<br /> FRED I�I. JA(�I SCH ANO OOi�NA M. JAiJ i SCH, husband and w i fe; APJD TH0ti1AS J. P-0cALOOiJ AfJD N. AUDREY
<br /> t c us a� an w i e; . . . i , u i fie
<br /> ea�h in�his and her own riaht and as s�ouses ot the other �
<br /> of tlte Couaty of HALL and State � �JEBRASKA �+ereinafter called the party of the first part,in
<br /> coneideratIoa o� TH I RTY THREE THOUSA`JD F I VE HUNDRED AND NO/I 0�-----------------------
<br /> _DOLI,ARS,
<br /> in Land paid, do hereby�aat,bargata,sell and coavey unto the Home Federai Saviags&Loan Aasodation oi Graad Ieland,
<br /> Graad 7slaad,Nebraslca,aad its successors aad assigna,the following real eatate,situated;r HALL
<br /> Cou�Y. State �r NEBRASKA �„towit:
<br /> LOT TWENTY �JI��E (29) AND LOT THIRTY (30) I� VILLA P�IAR DEE SUBDIVISION, HALL COU"lTY,
<br /> NEBRASKA.
<br /> Together wIth all the appurtenances tLereunto belonging, and all covenants in all the title'deeds rnrming with said real estate,
<br /> �
<br /> aad all the reuts,issues and profits arisiag therefrom after default ia performance of any covenant br coadition herein con-
<br /> tained;and warranis the tttle thereto perlect and dear except for this mortgage. '
<br /> DurIng the time this mortgage is in force the mortgagors agree:
<br /> Flist Ta pay all taxes and special assessments levied against said pmmises, including all taxes and assessments levied
<br /> upon this mortgage,or the debt secured by this mortgage.
<br /> Second. To keep all buildings thereoa insured against loss by fire,lightning and tornado in some company, to be ap
<br /> proved by the saId Home Federal Savings Qc Loan Aesociation af Grand Island in the sum of � i nsurab l e va I ue , for
<br /> the beaefIt of the said Asaociation,and ita successors or assigns; and to deposit said pollcies with said Associatioa,and shall not
<br /> commit or suffer any waste on said premises, and ahall put and keep said real estate buildings and improvements in good
<br /> order.
<br /> Thlyd. To pay or cause to be paid to the Iiome Federal Savings & Loan Association of Grand Island, ita successors or
<br /> aeaigns,ffie sum of$ TH I RTY THREE THOUSAIJD F I VE HUNDRED AND "JO/I 00-------------------DOLI.ARS, ` "
<br /> payable as follows:
<br /> � � �
<br /> i
<br /> $33,500.00 DUE M11AY 15, 1979
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<br /> wIth iaterest thereon payable, according to the tenor and effect of the one certain first mortgage note of saId mortgagors, �
<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'taues and assesSments are not paid when due, or if the build[ngs on said premises are not insured as above pro-
<br /> vlded,or if any of said interest is not paid when due,then said w�l �kt ahall become due immediafe�y,at the optton of the �
<br /> said Asaodatloa,and ahall thereafter draw intesest at the rate of ��ceat per annum.
<br /> The mortgagor S hereby anglgn_ to said mortgagee all rents and lncome arisfag at any aad all ttmes from said
<br /> prnpetty and herebq authorize said mortgagee or its agent, at its optton, upon default, to take charge of said property and " _ .
<br /> rnllect aIl rents and income therefrom aad apply the same to the payment of interest, princlpal, insurance premiums,taxea, �
<br /> assesaments, repalrs or improvemeats necessary to keep said property in tenantable conditton, or W other eLarges or pay-
<br /> meMe provided for herein or in the note heceby secured. This rent assignment shall continue in force until the unpaid bal-
<br /> aace of said note is fully paid. The taking of possesslon hereunder ahall ln no manaer prnvent or retard satd mortgagee in
<br /> the collectioa of said sums by foreclosure or otherwise.
<br /> Whether said debt becomes due by lapse of time, or by reasoa of the failure of the party of the first part to comp�y
<br /> with any condiEIon Lerein, the said Home Federal Savings & Loan Aseociation of Grand Island, the successors and assigas,
<br /> shall have the rtght to begia the foreclosure of this mortgage at once on the wLole debt hereby secured, and to indude
<br /> ; thereia all Laxea, asseasments, insurance premiums and costs, paid by it or them; or said Association. its succesaors or
<br /> aeslgas, may foreclose only as to the aum past due, without ix�ury to this mortgage, or t6e dIsplacemeat or impairmeat
<br /> of the llen''thereoL
<br /> Aad the eaid flrst party aad the makers of eaid aote, especially agree and declare that the sepazate estate of eacL and
<br /> every oae of them, including both that now owned aad that hereafter acquired, is pledged and bound for the paymeat of
<br /> , the debt hereby secured
<br /> ' After ttte commencement of any sult in foreclosure the plaintiff therein sha11 be entitled to the immediate posseseion of q,
<br /> "''s8id premtses and tLe appoiatment of a receiver therefor, aotwitLetanding they may be the homestead of the occupant aad
<br /> notwitlistanding the part[es liable for the debt may be soiveat, and the tirst party hereby consents to the appointment of a '"
<br /> ' 'Heceiver npon the produ�tioa of this indenture, without other evidence. ' '
<br /> ! TLe Soregoing:condit[ons and agreements, all and singular,being fully pertormed,this coaveyance ahall be void,other- �
<br /> { wlse W be and remain in fuIl force and effect
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<br /> ; %, Signed tst• I 6th � �, Ma .. la 78
<br /> , > . ..: � S,. ; ; ,�
<br /> � .Ia presence o1 � ' ,-
<br /> . Janisc� ' ✓ Donna . J n�,s h -,� ,,,,yG,' -�
<br /> �l
<br /> �Thomas J P loo V. Audr '�c loon
<br /> !/tnQm...,
<br /> 0. : Terrence R. Franker poro hy PA. Franker �
<br /> u�� - ..ir_
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