|
Third. -To :pay or cause to be p�id to the Grand Island Trust Company 'of
<br />($'45,000.00)
<br />Grand Island, Nebraska, its successors or assigns, the s m 6f
<br />P-Orty-five Thousand and No/100 - - -
<br />DOLLARS.
<br />payable as follows:
<br />$2,500.00 on'January 1, 1977;
<br />$2,500.00 on January 1, 1978;
<br />on� January 1 1979;
<br />$2,500.00 on -January 1: 1980;
<br />$2,500.00 on January 1, 1981;
<br />02,500.00 on January 1, 1982;
<br />.41 ,
<br />$2,500.00 on January 1, 1983;
<br />.$2*500.00 on January 1, 1984;
<br />$ 500.00 on January 1, 1985;
<br />and the balance of
<br />$
<br />22,500.00 on January 1, 1986
<br />with interest thereon payable gt��-annually, a cording o the tenor and effect of the
<br />one
<br />d -
<br />certain first mortgage bond of said mortg'agors, I earing ven "ite with these:
<br />Pleven
<br />presents. After maturity said. bond draws interest at, He :rlat 0 per cent ppr
<br />annum.
<br />If said taxes and assessments are not paid when du o if the buildings on said
<br />%T' of :ai erest is not paid wh�n
<br />premises are not.insurcd as above provided, or if any s &n�
<br />6 option of the said
<br />due) then said whole debt shall become due ir�mediate`, y, at
<br />1 �Vt
<br />g n
<br />I pip
<br />Trust Company, and shall thereafter draw intzrest at the rc te� 8T, r cent per annurW.'
<br />Whether said debt becomes due by lapse of time, mson of the failui6 f
<br />0
<br />said Grand Islan' d
<br />the
<br />the party of the �first part to comply with any condition hQrein
<br />Trust Company of Grand Island, Nebraska,
<br />the success rs and assigns,,shall have the
<br />;the whole, debt hereby s-,
<br />right to begin the foreclosure of this mortgag at once
<br />on
<br />cure
<br />d, and to include therein all taxes, assessments, insutance:pre iums and costs, paid
<br />by it or them; or said Trust Company, its, successors or assigns, f reclose only. as
<br />ay o
<br />to the sum past due, without injury to this mortga i! pi,
<br />ge, r the d -dcement or impair-
<br />ment of the lien thereof.-
<br />�said not b d
<br />And the said first party and the makers of'said not ond an coupons especially
<br />J'
<br />a c and declare that the separate estate of each and 1'e v e fy on of them, includi6g
<br />gre
<br />both that now owned and that hereafter acquir �d, is ple ged a n1d1 b:
<br />bund for the pay,;
<br />ment of the debt hereby secured.
<br />After the commencement -of any suit in f 0�reclosu the' pla!intiff therein shall - be
<br />entitled to the immediate possession of said prem ise8 and the appointment of a receiver
<br />therefor, notwithstanding they'. may be the homestead c f the occupant and notwiffi;
<br />standing the parties liable for the debt may be solvent, and the'first party hereby consents -
<br />thi
<br />to the appointment of a Receiver upon the producti in of s indenture, without
<br />-i; 6ther evidence.
<br />ui ar, being fully perforiyi'd,
<br />The foregoing conditions and agreements, all and sine
<br />this conveyance shall be void, otherwise to. be and remair, ip�; full force and effect.
<br />0 -A. D., 19_z_]�_
<br />5igned t —day
<br />his
<br />In presence of
<br />els e
<br />'Y!i te ffle �'e —'r'�f
<br />C7
<br />Van L lske�
<br />,Z
<br />
|