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Third. To pay or cause to be paid to the -Grand• Island Trust Company . of t�ya <br />7.315.00 ' <br />Grand Island, Nebraska, its successors or assigns, the sum: of .$ <br />r <br />Seven Thousand Three Hundred Fifteen and no/100:- - - - -:x <br />- DOLLARS, ..,:_ <br />payable as follows: <br />a <br />Sixty. (60) payments of $167.50 each, due on .the 30th ,of each <br />month, commencing September 30,1 1975, <br />with I interest thereon-pftyaWe•-seRri-a+i+rttallq;-aeeeYdiHg-to- ke tei and-ef€ee-t-c3 �13e <br />:. <br />''''"__'' <br />et3e-cet�in-first-�nertgage-Bend of said mortgagors, bearing even date with these <br />presents. After maturity said -&1, drawn interest at the rate of -fql e er cent per <br />.. <br />,a* <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 />== <br />Trust Company, and shall thereafter draw interest at the rate of helper cent per annum. <br />Whether said debt becomes due by lapse of time, or �by reason of the failure of <br />theparty 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 />t__;;'• <br />right ' to begin the foreclosure of this mortgage atonce 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 />:`~= <br />ment of the lien thereof. <br />' <br />And the said first party and the makers of said note, 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 />_== <br />ment of the debt hereby secured. <br />After the commencement of any suit' in foreclosure the plaintiff: therein shall 'be <br />1 <br />entitled to the immediate possession of said! premises -and the appointment of a receiver <br />- <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 />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 bz and remain in..full force and effect. <br />-. =• <br />Signed this 5th day off�Sentember A. D., 19_7 <br />In presence of <br />Marion Gr Smith <br />'• <br />Leila Smith <br />