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Third. To'pay or cause,. to be paid to the Grafid Island Trust Company. of
<br />Grand Island, Nebraska, its 'successors .or 'assigns, the sum of $ .3,013.00
<br />Three Thousand Thirteen:'and no/lob
<br />payable as follows:
<br />sixty (60) payments of $69.00 each, due on the 30th of
<br />each month, commencing September 30, 1975,
<br />with interest thereon ac ording-tcrtlTc-termt 2;nd-ef+cetef-t1t,-
<br />of said mortgagors; bearing even date with these
<br />Osie resents. After maturity !J?Jedraws
<br />P said interest at, ffie rate of per cent per
<br />annum.
<br />If said taxes and,assessments are not paid when due, or if the buildings on said
<br />pvnises 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 />13. 0
<br />per
<br />Trust Company, and shall thereafter draw interest at the rate of ;cent per annum.
<br />TAtte-
<br />Whether said debt becomes due by lapse of time,,'o-, 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, ssme.nts, insurance premiums
<br />emiums 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 notel bond. and, coupons especially
<br />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 />ment of the debt hereby secured.
<br />After the commencement of any suit in foreclosure the plaintiff therein shall' be
<br />en I titled to the immediate
<br />ate possession of said,' premises- and the appointment of a receiver
<br />.therefor, notwithstanding they7may 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 pro'duction 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 27th -day of August A. D., 19--7-5-
<br />In presence -of
<br />�_ �- A
<br />J ,C., lodysill
<br />C.,'r
<br />pnice L; RodysiA
<br />
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