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<br /> REA1 ESTATE MORTGAIX
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<br /> Calton L. Bretz and Mar. C. Brut : f
<br /> of the County ;Gf~ _ Ill arA Stets 0,L I br~sss ra Gilled the posy of the fint pert, in
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<br /> o"Wderatlon s z Seventy Three_llr&r ww d aid roc/1W--•-__..._.------_--_----,-..--_.. IXUAIM
<br /> in Und pt►d, do bereby snmk bargat:, sell std onvej mitt the Raw Pisdreal !k 1aolm Asada= at 3tratd Jdaw
<br /> (brand rte".. Nebnwk% W its rocosarrar sod aea#"k the fdlawbc roll .
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<br /> Commy, State of- Nebraska too
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<br /> Parcel (1) Lot Five (S), in 81ock Four (4), in Brentwood Subdivision in the
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<br /> city of 0rt,,nd Wand, Hall County, Nebraska.
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<br /> AND
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<br /> Parcel (2.) Lot Wrote; Two (2). Slack Nunter Four (6), Olde-Mill Subdivision, City
<br /> of Grand Island, Hall County„ Nebraska.
<br /> To^ether with ail the appm-tanances tber unto belona_dng. and an eovenants in all We title deeds running with said real estate,
<br /> and all the rents, lssutis and profits arising they lr m after default in perfortnarace of MW emrsant or cnaaaition herein con-
<br /> tained; and warrants the title thereto perfect and elra+r empt for th+.s name.
<br /> During the time t1da mortgage is In force the mcdtgagans agree:
<br /> First- To pay all taaes and special ammme Al lelied against said premises, lnelua%W aV asses and assessments 1-vied
<br /> upon this mortgage, or the debt secured bye this mclUn&
<br /> Second. To keep an buil•itags tbereon hx VM4 a Ion by Sze, lightning and-tar=do In some company, to be ap-
<br /> proved by the said Encase Federal Savings & IooaOa Assacl:rtlva of Grand Island in tae sum of S 73,000.00 . for
<br /> the benefit of the said Azsocldion, and its sneers or assns; and to deposit said policies vft said Association, and shall not
<br /> commit or suffer any waste on said premises, snd ahaL put and keep said real estate baild1bgs and Improvements in good
<br /> s" order.
<br /> Third. To pay or cause to be paid to the Roane lr'cda-al 5avino dr Loan Association of Grand Island, its successors or
<br /> a il;ns, the sera of Seventy Three Thousand and no/?00-----------------._---__-_-_.__ 170Y.LA.F.s
<br /> payable as follows:
<br /> July 10, 1991
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<br /> with interest thereon r*yable, acrrardlnj~ to Me tenc,r aad. effect of the one certain first mortgage note of said mortgagors,
<br /> booing even date with these presets- rt%er matuzit•r said bond drams interest at the rate of nine per cent per anns, -i.
<br /> If said taxes and assessments arr. not paid wbe:, axe, or if the buldings on said premian Rre not Insured as above pro-
<br /> tided, or If sny o! said interre ` is riot pond when flue, '.ten said whole eebt shall became due maze--diately, at the option of the
<br /> :girl Association, and shah th_-rewter draw interest at the rate of nine per cent per annum
<br /> The mortgagor -1i hereby assigns to said mortgagee all rents and hwome at a
<br /> property &r d bereby authorize said mortgagee or Its a tt » and all ti pr from said i
<br /> goat,, at l~ optics, upon default, to take charge of said property and F`
<br /> collet all eats and income therefrom and apply the -ame to the payment cf intereA principal, insurance premiums, taxes,
<br /> assessrneu.s, ep' -s or improvements necessary to keep said property in tenantable roneatti-ru. or to other charges or pay-
<br /> ments provided for hereia or In the note hereby secured. Thts rent- assignment shall carntinrue in iurce until the unpaid ban-
<br /> ance of said note is fa*ly pa --.r. The taking of possession hereunder shall in no manner prever_i •_,r retard said mortgagee in
<br /> the collection of said sums by foreclosure or otherwise-
<br /> Whether said debt becomes due by lapse of tirse, or by reason at the failure of the party of the first part to comply
<br /> w*tb any condition herein, the said Home Federal Savings & Lra.,•n Association of Grand lslTnd, the successors and assigns,
<br /> shall irate the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> ti therein sit taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br /> assigns, may foreclose only as to the sum past due, without fides, to this mortgage, or the displacement or impairment
<br /> of the lien thereof.
<br /> Asd the said first party and the makers of said note, especially agree and declare that the separate estate of each and
<br /> every one of them, including both that now owned and that hereafter acquired„ is pledged and around for the paymeni of
<br /> the dek:t hereby secured.
<br /> After the commencement of aay ,u in foreclosure the plaintiff therein shall be entitled to the Imme,►az*_e possession of
<br /> t sa"d premises and the appaintmejA of a receiver therefor, notwithstanding they may be the homestead of the occupant and `A
<br /> nctwithstanding the parties liable for the debt may be solvent and the first party hereby consents to the appointment of a
<br /> Receiver upon the production of this indertwe, without other evidence. ~s
<br /> The !cregoing conditions and agreement;, all and singular, being fully performed, this coav,,7ance shall be void, other- s
<br /> 1 wise to be and remain in fall force and effect.
<br /> signed tht-t of July 9Q
<br /> YI-. I9t^.._.
<br /> " In pxesence Gf _
<br /> - ~-;zy G. Sre~tr [J
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