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10 9 4111
<br />REAL.. ESTATE
<br />MORTGAGE
<br />FRANK D.*GION AND
<br />MARTHA L. GION". husband. and
<br />wife,
<br />By Frank D.. Gion Her Attorney I'n'.
<br />Fact,
<br />of the County of Ha I I and State o L_ Nebraska hereinafter called the party . of t . lie first part' . , in
<br />consideration, of TWENTY --FIVE THOUSAND'AND NO/100 – – – – – – – – – – – – – – – – – – – – --- – – – – – – – – – – _____=DOLLARS,
<br />in hand paid, do hereby grant, bargain, seU and convey unto the Hom� Federal Savings & Loan Association of Grand Island,
<br />Grand Island,' Nebraska, and its successors and assigns, the following real 6tate, situated in Hall
<br />County, State' of Nebraska
<br />--, towit:
<br />LOT.EIGHT (8), BLOCK TWO (2), IN RCPLAT OF
<br />TOTHE CITY OF.GRAND ISLAND, NEBRASKA, ACC
<br />VERSIDE ACRES, AN ADDITION
<br />ING TO THE RECORDED PLAT THEREOF. .
<br />Togethe ' r with all the appurtenances thercunto belonging, and all covenants in aU the title deeds running with said real estate,
<br />and all the rents, issues and profits arising thlerefrom 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 th ' e time this mortgage is in force.the mortgagors agree: I
<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 tluis mortgage.
<br />Second., -To keep all buildings thereon insured against loss by ii,re, lightning and tornado in some company, to be zp-
<br />proved by the said Home Federal Savings & Loan Association of Grail
<br />the benefit of the said Association, -and its successors or assigns; and to
<br />commit or suffer any waste on said premises, and shall put and ke(
<br />order. . '
<br />Third. To pay or cause to be paid to the Home Federal Savings
<br />assigns, the sum . of $ TWENTY–F I VE THOUSAND AND NO/ 100 ---
<br />payable as follows:
<br />$25,000.00 DUE NOVEMBER
<br />Island in the sum of $ 1 nsurab I e Va I ue , 'for
<br />!posit said policies with said Association, and shall not
<br />said real estate buildings and improvements in good
<br />Loan Association of Grand Island, its successors; or
<br />ZZ--------------------------- DOLLARS,
<br />, 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 dra. I ws interest at the rate of nine per cent per annurn.
<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 wliol6 debt shall become due immediately, at the option of tile
<br />s,!;d Association, and shall thereafter draw interest at the rate of nine ]Per cent per annum.
<br />The moitgagor hereby assign to said mortgagee all rents a�d 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..ifid
<br />collect all rents and income therefrom and apply tile same to the paym. I �nt 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. Thii rent assignment shaH 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 in
<br />the collection. of said sums by foreclosure or otherwise. I
<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 I on the whole debt hereby secured, and to include
<br />therein all taxes, 'assessments, insurance premiums and costs, paid by lit or them; or said Association, its successors or
<br />assigns, may foreclose only as to the sum past due, without injury t I o this mortgage, or the displacement or impairment
<br />of the lien th6reof. I
<br />And the said first party and the makers of said note, especially agree and declare that tile 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 promises 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 I 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 fuH force and effect.
<br />Signed this I 3th —day of November ;:�2 7
<br />In presence of
<br />.r,3
<br />an K U won
<br />Nla a L. Gion'k,FrTr�X D,. Gion
<br />,�, s-
<br />
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