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REAL ESTATE MORTGAGE, MICROFILYIED
<br />FRANK D; �GION AND MARTHA L. GION', husband -and wife, By Frank D. Gion Her Attorney In
<br />.Fact,
<br />of the County of Hall and State of Nebraska
<br />-hereinafter called the party of the first par�, in
<br />consideration of TWENTY. -FIVE THOUSAND AND NO1100 ------------------------------------
<br />in hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings & Loan Association of Grand Isl*
<br />and,
<br />Grand Island, Nebraska, and its successors and assigns, the following real estate, situated in Hall
<br />County, State of Nebr�aska towit:
<br />LOT S -EVEN (7), BLOCK. TWO (2), REPLAT OF RIVERSIDE ACRES, GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />Together wi ' th all the appurtenances thereunt6 belonging, and all covenants in all the title deeds running withsaid 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 I assessments levied
<br />upon this moiigage, or the debt secured by,this mortgage.
<br />Second. To keep all buildings ihereoh . Insured against loss by fire, lightning and tornado in some company, to be�ap-
<br />Insurable Value
<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 cause to be paid to the Home Federal. Savings & Loan Association of Grand Island, its successors or
<br />assigns, the s6m of TWENTY– F I VE TH01 11; Awn Awn mnl'lnn --------
<br />DOLLARS,
<br />payable as follows:
<br />$25,000.00 DUE NOVEMBER 1, 1976
<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 mortgagor 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 ren ' ts'and income therefrom and apply the same to the paymeift of interest, principal, insurance premiums, tiXes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay-
<br />ments provide ' d for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal-
<br />ance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee 1n
<br />the collcction�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 takes, 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 eistate oi 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 prcniiscs�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-
<br />wise to be and remain in full force and effect.
<br />Signed this 29 day of October A p --t a /75
<br />In presence of
<br />/FCank a.,-Gkon , 9-
<br />0 1 UN Dy ranK=ron
<br />e Lz-�,
<br />rier Attorney'
<br />n 9ct
<br />— 1 .1
<br />
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