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Third. To pay or cause to be paid 'to the Grand Island Trust Company of . <br />Grand Island; Nebraska, its successors or assigns, the sum of $ 3,208.4 6 <br />Three Thousand Two Hundred Eight and 46/100 - - - - - - DOLLARS, <br />payable as follows: <br />Forty-eight (48) payments of $89.00 each, due on the 5th <br />of each month, commencing May 5, 1975, <br />with interest thereon paahle-sei•al�y,_di te-T-mil-ef#ee�e€-the-- <br />-01�-certa4n•-first-mortgage--bom of said mortgagors, bearing even date with these <br />presents. After maturity said . Ubedraws interest at the rate of ilit0per cent per <br />annum. <br />If said taxes and assessments are not.paid: when due, or if the buildings on said <br />premises are not insured as above provided, or if any of said interest is not paid when <br />r; due, then said whole debt shall become due immediately, at the option of the said <br />Trust Company, and shall thereafter draw interest at the rate of-rti0per cent per annum. <br />Whether said debt becomes due by lapse of time, or by reason of the failure of <br />the party, of the first part to comply with any condition herein, the said Grand Island <br />Trust Company of Grand Island, Nebraska, the successors and assigns; shall. have the <br />right; to begin' the foreclosure of this in at onceon the whole debt hereby se- <br />cured, and to include therein all taxes, assessments, insurance premiums and costs, paid <br />by it or them; or said Trust :Company, its successors or assigns, may foreclose only as <br />to the sum past due; without injury to this mortgage, or the displacement or impair- <br />ment of the lien thereof: <br />And the said first party and the makers of said note, bond and coupons especially <br />t agree and declare that the separate estate of each and every one of, them, including <br />both that now owned and that hereafter acquired, is pledged and bound for the pay- <br />` meet of the debt hereby secured: <br />After the commencement .of any suit in foreclosure the plaintiff therein shall be <br />entitled to the immediate possession of said premises and the appointment of a receiver <br />therefor; notwithstanding they may be the homestead of the occupant and notwith- <br />standing the parties liable for the debt may be solvent, and the first party, hereby consents <br />to the appointment of' a Receiver upon the production"of this indenture, without <br />other evidence. <br />.The foregoing conditions and agreements, all and singular, being fully performed, <br />�.' otherwise to be and remain in full force and effect. <br />this conveyance shall be void, <br />'? Signed this 2nd day of AprA. D., 19_Z5_ <br />il , <br />In presence of <br />Dale 1�.�G,rim <br />e�e r m <br />N t <br />