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<br />REAL ESTATE MORTGAGE 90- 407179 =_
<br />FOX CONSTRUCTION, INC.
<br />of the County of Hall and State of Nebraska berehisfiar cWW the party of the first pact, in
<br />ens ddelatiess eg Thirty T n, sand and ne/1 n0 -- - - - -- - - --- --- -Moumr
<br />in bead paid, do hereby genet, bargain. sell and convey uoto the Home Federal Savings k Loan Asseaciatioa of Grand Llaad,
<br />Grand Lund. Nebrais, and ib saoesesers and aasIM the following real state, 14111111144 111 Hall
<br />COMPIATe St" of Nebraska I towit:
<br />The Sni_;therly forty Six (S 46) Feet of Fractional Lot One (1), Fractional
<br />Block Six (S), in Charles Wasmer's addition, to the Citj of Grand Island,
<br />Hall County, Nebraska,
<br />Together with all the appurtananoes thereunto belonging, and all covenants in all the title deeds running with said real estate,
<br />and all the rents, issues and profits arising therefrom after default in performance of say cavenent or condition beedn con-
<br />tained; and wamots the title thereb perfect and clear except for tbls mortgage•
<br />During the time this mortgage In in force the mortgagors agree:
<br />First. To pay all tares and special assessments levied against said prernlsa, Including sAl taxes and aasesemeata levied
<br />upon this mortgage. or the debt secured by this mortgage.
<br />Second_ To kewp all buildings thereon insured against lose by fire, lightning and tornado in some company, to be ap
<br />proved by the said Home Federal Savings do Loan Association of (grand Island In the rum rf 9t
<br />3�,. Q00 -00 for
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />commit or otter any waste on said premise, and shall put and keep said real estate buildings and improvements in good
<br />order.
<br />Third. To pay or cause to be plaid to the Rome Federal Savings cis Loan lotion of (grand Island. its auoceasors or
<br />aultas. the sum of p
<br />Thirty Thousand and no/ 100---------------- ---------- -----"'fi�dLLARB,
<br />payable a follows:
<br />Due December 12, 1991
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage note of add mortgagors,
<br />bearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum.
<br />If said taxes and assessments are not paid when due, or it the buildings on said promises are not insured as above pro-
<br />vided. or if any of said Interest is not paid when due, then said whole debt shall become due immediately, at the option of the
<br />to of nine per cent per annum.
<br />I'
<br />said Association, and shall thereafter draw interest at the ra
<br />hereby assign— to $aid mortgagee all rents and income arising at any and all times from said
<br />„
<br />The mortgagor_
<br />Its
<br />to the payment of Interest. printclpalc insurance acsold premiums, taxes,
<br />•(
<br />callect all rents and Income therefrom and apply %W same
<br />repairs or improvements necessary to keep said property In tenantable condition, or to other charges or pay-
<br />assessments,
<br />ments provided for herein or in the note hereby secured. This rent assignrnent shall continue in force until the unpaid bal-
<br />hereunder shall in no manner prevent or retard said mortgagee in
<br />ance of said note is fully paid. The takimg of possession
<br />the collection of sold sums by foreclosure or otherwise.
<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 A Loan Association of Grand Island, the successors and assigns,
<br />this mortgage at once oa the whole debt hereby secured, and to include
<br />s1haU have the right to bei,7a 'the foreclosure of
<br />therein all taxes, assessments. insurance premiums and costs, paid by It or them: or said Association. its successors or
<br />'
<br />asslgas, may foreclose 04- as to the sum past due, without injury to this mortgage. or th,: displacement or impairment
<br />cd the Hen tme:eof.
<br />And the said first party atd the makers of said note, especially agree and declare that the separate estate of each and
<br />that hereafter acquired, fs pledged and bound for the payment of
<br />every one of them, inclu&*9 both that now owned and
<br />Ury debt hereby secured. - �� 1- r..fe,.w,, P . •_ hp plaintiff meroin shall be entitled to the immediate possession of
<br />After the cenrmen@cau jc: of any -W
<br />said and the appointment of a receiver therefor, notwithstandin they may be the homestead of the occupant an
<br />premises
<br />notwithdandag the parties liable for the debt may be solvent. and Uke first party hereby consents to the appointment of a
<br />_
<br />Receiver upon the production of this indenture, without other evidence. rmed, this co shall be void. othrs-
<br />The foregoing conditions and agreements, all and singular, being fully perfo aveya
<br />wine to be and remain in full force and effect.
<br />siped twd 12th , Of December w
<br />FOX f N TRU "? f
<br />In presence of
<br />-Ch r ar es L. FTOX; ; esi cien
<br />Mary ax, vice Presiders
<br />JS.tilaD�ai. f,,, - �.�� ^1.Ganlnc:. -��°�- •-
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