|
r
<br />0
<br />L
<br />T
<br />REAL' ESTATE MORTGAGE _
<br />MIDLAND BUILDER'S INC. A NEBRASKA CORPGRATtt]N
<br />of tie County et_ HAI L and State of-- NEBRASKA H
<br />— erernafter died the party of the fast part, in
<br />FIFTY TWO THOUSAND AND NO/100---p -----------------------------------
<br />IDOLLAM
<br />it hand paid, do hereby grant, bargain, all and convey unto the Dome Federal Savings de Loan Assodation of Grand•,Ialand,
<br />Grand Island. Ndwasks6 and its .successors and asatgns the following real estate, situated in HALL
<br />caaofy, State o! NEBRASKA towit:
<br />LOTS TWENTY FOUR (24), TWENTY FIVE (25), TWENTY SIX (26) AW TWENTY SEVEN (27),
<br />(1 GLACE SUBDIVISION, IN THE CITY OF GRAND ISLAND,.. h?K' F,.!C,C JNTY, NEBRASK4'
<br />Together with all the apIruxtenances thereunto belonging, and all covenants ;a ill the title deeds ranning with &�3 real estate,
<br />and all the rents, issues an-S profits: arising therefrom after default in pert, -mane of any covenant or condign herein con-
<br />tained; and warrants the title tberEW perfect and clear except for this usage.
<br />During the time this mortgage is in force the mortgagors ague:
<br />First. To pay all taxes and special assessments levied against said , Including all tazes and assessments levied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company, to be ap•
<br />Proved by the said Home Federal Saidbgs &Loan Association cE Grand Island in the �atv of for
<br />the benefit of the aid Association, and its successors or aszig^s; and to deposit said with said Associatica.. and shall not
<br />06mmit or suffer any waste on said premises, and sball put sad keep said real esWa _- buildings and improvewknts In good
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal Savings &Loan Association of Grand Island, Its vAvessors or
<br />assigns, the assn of $ -FIFTY To isaun AM7 ply!/ 1 ri =. .------------------------ - - - - -- =:. -1%^V V AT
<br />payable as ;Noss:
<br />$52,000.00 DUE APRIL 14, 1991
<br />with Interest thereon payable, according to the tenor and effrt��i df the one' certain flint mortgaze no of said mortgagors,
<br />&oAring even date with these presents. After roftrity sand hand draws interest at the rate dt9 'W cent per umum.
<br />If said taxes and assessments are act paid *hen due. er '3 the buildings on said premises are• not insured as above pro-
<br />vided, or If any of said interest Is not paid when due, then wan .w ole debt shall become due immediately, at the option of the
<br />said AaweiAtion, and &ball tbereatter draw iatenR at the rates .r!ii' =Wcent per anurtm.
<br />The Mortgagor _5 hereby assign to Bald mortgagee 'ail rents and income aatirJng at any and all times liven said
<br />Property and hereby autborire said mortgagee or fir agent, at its option, upon defw t, to take charge of said prv(7all- t;»,d
<br />colltct ail rents and Immse therefrom and apply flee same to the payment: of iMert-K, principal, insurance premiumX, guru.
<br />ameameats, 1e92irs arA,mpmvements neenamy to keep said property io � twantable cAindition, or to other cbxramr or pay -
<br />wenb prorided far hereL cat in the: note hereby Secured. Thk rent aUdgament shall cmuUnue in force until tb*'- 01441d b&
<br />aaee of said, Sete b fully paid. Tile_ tddng of possession here nder shall in no manner prevent or retard said'onotf9agee In
<br />the eolleetiea of sald sums by foreclosure or otherwise. .(L
<br />Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first pars :.i)s comply
<br />with any condition herein, the said Soave Ft�dtral Savings i Loan Association of Grand Island. the sueeesors' nod assigns.
<br />shall have the right to begin the foreclosure of this matgage at once on the whole debt hereby secured. an$ -to include
<br />therein all fazek aSaffismente, insurance premiums and coats, paid by It or them; or said Association, its successors or
<br />411181M may foreelase only as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of the Lim th-meaf.
<br />And tie waled first patty and the makers' of said note, especially agree and declare that the separate estate of each and
<br />&MY axe all then, Including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the debt herft sseura I
<br />After the eouvmneenest of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />Odd pressiees aed the almodatmest of a receiver therefor, notwithet4?tdr1,_V thv n'tiY be the homelc:d of the occupant "
<br />sotwithKanding the patios liable for the debt may be solvent, and the tint party hereby coments to the appointment of a
<br />Raesdwe upon tie produetioo oft this tndeature, without other evidence.
<br />The feregeiag eonditiaas and Sgreeeoects. all and Singular, being fully performed. this conveyance shall be void, other.
<br />win to be Seri rsrnain in fall tarn and aifeet
<br />Sip" this I4tj, day of.- aGri i • D., 39�Hq
<br />IC =�9S r':C. �� ' :stzrass :� iorcor
<br />Is prscae�e of
<br />i S "ir :E
<br />�C
<br />7
<br />1
<br />i
<br />L
<br />
|