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<br />Together with all the appurtenances thereunto belonging, and all covenants in -all the title deeds running with said real estate,
<br />and all the rents, issues and profits arising therefrom, after default in performance of any covenant or condition herein con-
<br />tained; and warrants the title thereto perfect and clear except for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. To pay all taxes and special assessments levied against said premises, including .all taxes and assessments levied
<br />upon this mortgage, or the debt secured by this' mortgage.
<br />Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company, to be ap•
<br />60,000.00
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of $ ,for t
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />commit or suffer any waste on said premises, and shall put and keep said real estate buildings and improvements in good
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
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<br />assigns, the sum of $ SIXTY THOUSAND AND NO/1001 -------------------------------------- DOLLARS, i
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<br />payable as follows j
<br />$60,000.00 due May 1, 1976 ;
<br />with interest:thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors,
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<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 taxes and assessments are not paid when due, or if the' buildings on said premises are not insured as above pro-
<br />vided, or if any of said interest is not paid when due, then said whole debt shall become due immediately, at the option of the
<br />said Association, and shall thereafter draw interest at the rate of nine per cent per, annum.
<br />The mortgagor S hereby assign— to said mortgagee all rents and income arising at any and all times from said
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<br />property and hereby authorize said mortgagee. or its agent, at its option, upon default, to take charge of said property and
<br />collect all rents and -income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay-
<br />ments provided for herein or in the note hereby, secured. This rent "assignment shall continue in force until the unpaid bal-
<br />anee of said note is fully paid. The taking. of possession hereunder) shall in no manner prevent or retard said mortgagee in
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<br />the collection of said sums by foreclosure or otherwise.
<br />Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply
<br />with any condition herein, the said Home Federal Savings & Loan °,Association of Grand Island, the successors and assigns,
<br />shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />therein all 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 injury to this mortgage, or the displacement or impairment
<br />of the lien thereof.
<br />And the said first party and the makers of said note, especially agree and declare that the separate estate of each and
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<br />every one of them, including both that now owned and that hereafter acquired, is pledged .and bound for the payment of
<br />the debt hereby -secured.:
<br />After the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />said premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />notwithstanding 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 indenture, without other evidence.
<br />The foregoing conditions and agreements, all and singular, being fully performed, this conveyance shall be void, other-
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<br />wise to be and remain in full force and effect.
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<br />Signed this f—6th day o_ May. A D., 1975
<br />In presence of --
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