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Third. To 'payorcause to be paid to the Grand:. Island Trust Company of • <br />.+4't <br />Grand"Island Nebraska, its successors or assigns, the•sum.of'•$ 2,512.00 <br />Two Thousand Five Hundred 9.taelve and no/100 - - - - - - - - DOLLARS, <br />: _ <br />payable as. follows: J _; <br />Sixty (60) payments of $60.00 each, due on the 5th of <br />each month, commencing June 5, 1975, <br />y <br />with interest thereon pael3le- seffrinnually; $eeording-to-ttor—arc o€fee-o€ t13e� <br />-orae--certain—fist -mor-mer--band of said mortgagors, bearing even date with these <br />presents. After maturity said -ljo°n� draws interest at the rate of ailr e- Rr 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 />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-Hme_�er 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 -mortgage at once on 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 />agree anddeclare 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 />ment. 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 <br />otwithstanding 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 />this conveyance shall be void, otherwise to be and remain in full force and effect. <br />Signed this 30th day'o{ Aril A. D., 19_75 <br />In presence of <br />G L Shafer <br />,� kci_� Q <br />Patricia J. Shafer <br />