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Third. To pay or cause to be paid to the Grand Island Trust Company of <br />Grand Island, Nebraska, its successors or assigns, the sum of $ 8,515.00 <br />Eight Thousand Five Hundred Fifteen and no/100 — — — — — - DOLLARS, <br />payable as follows: <br />Two (2) ' semi—annual payments of $4,675.00 each, due <br />on April 25, 1976, and October 25, 1976, <br />with interest thereon <br />of said inortgagors, bearing even date with these <br />13.0 <br />presents. After maturity said 40edraws interest at the rate of iiffie per cent per <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 />U. 0 <br />Trust Company, and shall thereafter draw interest at the rate of ryme per cent per annum. <br />Whether said debt becomes due by lapse of time, or by reason of the failure of <br />herein, the said Grand Island <br />the party of the first part to comply with any condition <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 sc- <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 />*he displacement or impair - <br />to the sum past due, without injury to this mortgage, or t <br />ment of the lien thereof. <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 />ment of the debt hereby secured. <br />After the commencement of any suit in foreclosure the plaintiff therein shall be <br />entitled to the immediate possession of said premises and the appointment of a receiver <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 be and remain in full force and effect. <br />Signed this 28th day of October —A. D., 19__L5_ <br />In presence of <br />ricl� W. Schverftz <br />�0 t� Z) <br />apson <br />