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<br />REAL ESTATE MORTGAGE
<br />CARL L. MAYHEW AND SUSAN A. MAYHEW, husband and mi fq; each in Kis and her own. right
<br />and as spouse.of the other
<br />of the County of Hall and State of Nebraska hereinafter called the party of the. first part, -in
<br />consideration of ONE THOUSAND TWO HUNDRED SIXTY FIVE AND�NAf F99— nOLLARS,
<br />'in hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings & Loan Association of Grand Island,
<br />.Grand Island, Nebraska, and its successors and assigns, the.following real estate, situated in ` Ha I I
<br />County, State of, Nebraska , towit:
<br />`7. THE'NORTHERLY FIFTY -TWO -AND FIVE TENTHS FEET (N.52.5t). OF THE
<br />EASTERLY NINETY-ONE AND NINE TENTHS (E91.9t) FEET OF BLOCK FIVE
<br />(5) IN HANNT.S �. T IR ADDITION TO THE CITY OF GRAND ISLAND, HALL H D
<br />COUNTY, NEBRASKA.
<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 />265:00'
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of ,$ for
<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 causeto be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br />assigns, the sum of $
<br />ONE. THOUSAND TWO HUNDRED SIXTY-FIVE AND NO/100=-----------------DOLLARS,
<br />payable as follows:
<br />$26.05 per.montb., first payment beginning June I, 1975 and each month
<br />thereafter, final payment May I, 180
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors,
<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 mortgagors hereby assign— to said mortgagee all rents and income arising at any and all, times from said.
<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 balm
<br />ante of said note is fully paid. The taking of possession hereunder shall in no.manner prevent or retard said mortgagee'in'
<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
<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 _able 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-
<br />wise to be "and remain in full force and effect.
<br />Signed this 8th day of - --- in
<br />In presence of
<br />aye
<br />r
<br />Susan A.- Mayhew
<br />
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