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<br />REAL ESTATE MORTGAGE 89-1-02814
<br />VINCENT L. DOWDING AND NANCY G. DOWDING, husband and wife
<br />of the County of HALL and State NEBRASKA hereinafter called the party of the first part, in
<br />endderation of ONE HUNDRED TWENTY FIVE THOUSAND AND NO/ 100 ---------- - = -----------
<br />- -��$
<br />In head paid, do hereby great, bargain, sell and convey unto the Home Federal Savings & Loan Association of grand Island.
<br />Grand Idud, Nebraska, and its successors and asidgrtr, the following real estate, abated in HALL
<br />County, Side of NEBRASKR. ,town:A tract of land comprising a part of the Northwest1
<br />Quarter of the Southwest Quarter (NW$SWJ) of Section Twenty -Seven (27), Township Eleven
<br />(11) North, Range Nine (9), West of the Sixth (6th) P.M., in Hall County, Nebraska, more
<br />particularly described as follows :.•:,beginning at the-.-Southwest corner of said Northwest .
<br />.0ij rt;er of the Southwest Quarter (Cd kSWj); thence Easterly along the Sp3.i }h line of said ?
<br />t:hwest Quarter of the Sowth+vWt-Aiarter. (NW$SW$) a' distance;.(( :F- --S.i3 • :- "undred Sixty Feet
<br />(i- 80.01); thence Northern►; a1J.I_`o the West line of said ( :i uenty -Seven (27) a
<br />. :q,-1..stance of Three .Hundred �'wen�y b0r` 4 ; Feet (324.01); thence Masterly r, #gllel to the South
<br />hw
<br />ne of said Nortest. Quarter of -'t d`:Southwest Quarter (NWISWk) a dist�;ce of Six Hundred
<br />"Sixty Feet (660.£1 :j.' to the West lirle.;i�f', said Section Twenty -Seven (27); -. thence Southerly
<br />along the 'Ailest iii& of said Sect ion -I- .N4nty -Seven (27) a distance of Three Hundred Twenty -
<br />Four Feet; 24.01) tothe place of beo�rning, and containing 4.909 acres,more or less, in-
<br />'f'lu$inc 1It�ti1ap0 sand dFePeE oe n mitts on t
<br />oge er a t��ces a >rswgag, sad >IPARWhV>ill the title deeds running with said real estate,, ... S
<br />and all the rents, issues, Wr vrofits arising tberafma after default in perforawance of any covenant or condition herein ceisr. : • . i
<br />twined; and warrants the Hilo thereto perfect ane, clew except for this mortice. 7
<br />During the time this mortgage is is force tho mortgagors agree: )
<br />First To pay all taxes and spaciKT assesanients levied against said premi$w; 'Gadi rHr all fazes and assess at�aif i .t�.ei`:
<br />upon this mortgage, or the debt secgvf.'h7T- is mortgage.
<br />Second. To keep all buildings : Uhlm m f- .urad against loss by fire, lightning and tornado in some company,' to be spi
<br />proved by the said Home Federal 5arisss' 110 1:o;us. Association of Grand Island in the sum of i in §unable value y foe':.. .
<br />the benefit of the acid Association, ana its sscceasom or assigns; and to deposit said policies with said Association, .'o d —shall not
<br />commit or suffor 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 Rome Federal Savings & Loam Association of Grand Inland, its successors or
<br />assigns. the sum of i rAF H IiUnR n TWENTY FT11F THniic D Anln,�0 j1,�;0z_ apLLAgg,
<br />payable as follows:
<br />$125,000,.00 Due April 5, 1989
<br />with interest thereon payable, according to the tenor and effect of the one certain fi M. mortgages no a said mortgagors,
<br />bearing even date with these presents. After maturity said bond draws interest at the rate dd�i cent per annum.
<br />If said taxes and assessments are not paid whim due, or if the buildings on said premises are not insured as above pre
<br />vitled, or it any of said interest is not paid when dun!, then said whole debt shall become due immediately, at the option of the
<br />said Associating and shall thereafter draw interest sit the rate of,eent per annum.
<br />The mortgagor -1 hereby assiga.. to said mortgagee atl rents and income rrW"g at any and all times frscu said
<br />Property and hereby autborire said mortgagee or its agent. at, itn option, upon default, to take charge of said property and
<br />collect all rents and income therefrom and apply the same t1o•.the payment of interest, principal, insurance premiums, taxes,
<br />asseamen% repairs or improvements necessary to keep said property in lznantable condition, or to other charges or pay.
<br />ments prowNed 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 in
<br />the collection of said sums by foreclosure or otherwise.
<br />Whether said debt becomea 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 Rome Federal Savings lc Loan Association of Grand Island, the successors and assigns,
<br />shall have the rljbt to begin the foreclosure of this mortgage at once on the whole debt hereby secured. and to include
<br />therein all tales, assessments. insurance premiums and costs. paid by it or them; or said Association, its successors or
<br />aasftns, may foreclose only as to the sum past due, without injury to this mortgage. or the displacement or impairment
<br />of the lien themE
<br />And the raid first party and the makers of said note, espedally agree and declare that the 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 con mencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />acid Premism and the appointment of a receiver therefor. notwithstanding they may he the homestead of the occupant and
<br />s~.awithd:atdin;.:hr. pu-tim liable €fir the debt auy be vAie„i, and the Ent party hereby consents to the appointment of a
<br />Receiver upon the production of this indenture. without other evidence.
<br />The foreseaing conditions and apvements, all and singular, being fuIIy performed, this conveyance shall be void, other-
<br />wise to be ad remain In fall farce and effect
<br />signed et►ia ri�.h Any of-- -- - Fr2s;I A D., 19. C�9
<br />rd presence of %L'�Lfr'?� 1. ��.����� ;�L b I1 f Ak
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