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168-633
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Third. To payor <br />cause to be paid to the Grand Island <br />Trust - Company of <br />with interest thereon payal�l� seuwannuallyrac�g-to-t-t a effete-af-t� <br />-� <br />Grand Island' Nebraska <br />its successors or assi ns, the sum of $ <br />7,562.75 <br />=`-. <br />Seveni-iThousand Five <br />Hundred Sixty Two and 75/100*- - <br />- - - DOLLARS, <br />- <br />payable follows: <br />. <br />annum. <br />: <br />.as <br />" <br />If said taxes and assessments are not. paid when due, or if the buildings on said <br />=remises <br />are not insured as above provided, or if any of "said interest is "not paid when <br />Forty-two (42) <br />payments of $226.00 each, due on <br />the 20th of <br />'. <br />~:%%` <br />is;sx <br />each month, commencing May 20, 19 75 , <br />. <br />-_-- <br />Whether said debt becomes due by lapse of time, or by reason of the failure of <br />=: <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 />with interest thereon payal�l� seuwannuallyrac�g-to-t-t a effete-af-t� <br />-� <br />AI <br />-cicfie-eett�rin-first rmtgage-lac of said mortgagors, bearing even date with these <br />i <br />presents. After maturity said 4RR;P draws interest at the rate of A per cent per <br />- <br />: <br />. <br />annum. <br />: <br />" <br />If said taxes and assessments are not. paid when due, or if the buildings on said <br />=remises <br />are not insured as above provided, or if any of "said interest is "not paid when <br />due, then said whole debt'shali become due immediately;. at the option of the said <br />'. <br />~:%%` <br />0 13.5 <br />Trust Company,and shall thereafter draw interest at the rate of n+ne per cent per annum. <br />. <br />-_-- <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 />=�'`:= <br />right to begin the foreclosure :of this mortgage at once on the: whole debt hereby se- <br />-= :V <br />cured, and to include therein all. taxes, assessments, insurance premiums and costs, paid <br />` <br />by it or them; or said Trust, Company, its successors or assigns-, may foreclose only as <br />' <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 />;:. <br />and declare that the separate, estate of each and every one of them, including <br />4t._ . <br />- _• <br />agree <br />both that now owned and that hereafter acquired, is pledged and bound for the pay- <br />=F` <br />ment of the debt hereby secured. <br />_ ;1 <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 />y4 <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 />`:•' �? <br />to ` the appointment of a Receiver upon the production of this indenture, without <br />' 't <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 5th day of May A. D., 19 75 <br />In of <br />' <br />presence ar E arlson <br />` ' LiKaren <br />M. .Carlson <br />
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