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<br />Third. To pay or cause to be paid to the Grand Island.Trust Company of
<br />Grand Island, Nebraska, its successors or asgigns, the sum�of $ 1,836.50
<br />One Thousand Ei'ght Hundred.Thirty Six and 50/100
<br />DOLLARS;
<br />payable as follows
<br />Thirty -Six (36) payments of $65.00 each, due on the.15th
<br />.of each month, commencing November 15, 1975,
<br />with interest ther�'oii-pa-yabl&-6ern4*-a+ln�ially,--a-c-eet4iH,,--t-e-4-�,--tener-and-effec-t-ef-t-he-
<br />-c)tie---cert-aiii--first--iiiort-gage-boiid. of said mo'rtgagors, bearing even date with thes�
<br />N 0 t
<br />presents. After maturity said4onif' draws interest at the rate of Inct'nQ91er cent pef
<br />annuni.
<br />If said taxes ��nd assessments are not paid when due, or- if the' buildings on said
<br />premises are not iqsurcd as above provided, or if any of said interest is not paid when I
<br />due, then said wh*ole debt shall become due immediately, at the,option of the said
<br />10 51
<br />Trust Company, a'd shall thereafter draw interest at the rate of niiii5per cent per annum.;
<br />Whether said. debt becomes due by lapse of time, or by reason of the failure of
<br />the party of the fir.6t part to comply with any condition herein, the said Grand Island'
<br />Trust, Company of Grand Island, Nebraska, the successors and assigns, shall have th6
<br />right to begin the, foreclosure of this mortgage at once on.the whole debt hereby so'
<br />cured, and to incl�de therein all taxes, askssments, insurance premiums drid costs, paid J'
<br />by it or them; or 'said Trust Company, its successors or assigns, may foreclose only a'
<br />to the sum past due, without in ury to this .'m*ortgage, or the displacem"ent or ji
<br />ment of the lien thereof.
<br />And the said!:first party and the makers.
<br />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 ow6ed and that hereafter a:cquired, is'pledged and bound for the pay,�
<br />me.nt of the debt �ereby secured.
<br />After the commencement of any suit in' foreclosure the plaintiff therein shUlL UU
<br />entitled to the immediate possession of said p�remises and 66� appointment of a receiver
<br />therefor, notwithstanding they may be the �omestead 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 />Signed this 13th -da . y of October A. D., 19,7 5
<br />In presence of A il
<br />Ronald D. L
<br />an en g:
<br />MarV_ E.V/narig
<br />enbef-g
<br />") -o
<br />
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