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<br />: REAL ESTATE MORTGAGE � �9--� 1�1��58 .
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<br /> h1I[7LAN[� Bl►IL�ER'S INC. . A NEBRASKR ��R4�ORATION
<br /> r- ----------- _____.__..._,__ __ - -- -- --- -- -- -- -- --- . -- --- # 1
<br /> of tb� County oL NAL� _ and State o* NEBRASKA _ hereiaaftor call�d tut+ P�nv of tho iirst pnrt. iu
<br /> SIXTY THOUSAND AN� NO/100----------------------_---___------..---------- '
<br /> condderation oL ____... _DOLLARS, �
<br /> ia hand paid, do hereby�ran�,bar�ain, aell and convey unto the Home Federal Savings dc Lozn Aasc�ciation of tirand Ieland,
<br /> arand Islaad.Nebraslca. and i4 succeawra+�nd as+i8ns, tho lolloaring real estate, situated In HAI.I
<br /> COUIIty� St�tO OL NFRR SKA -, , lowit: -
<br /> Lots Twenty (ZO) and Twenty One (21 ) Coach Place Subdivision, in tha City of Grand Island,
<br /> _ Nall County, Nebraska excepting that part of t�ot Twenty-one (21} Coach Place Subdivison,
<br /> in the City of Grand Island� Hall County, Nebraska more particularly described as fi'allows:
<br /> 6eginning at the SouLhwest Corner of Lot Twenty-One �;29 ) and running along the uresterly
<br /> boundary line of sai�d Lot 2't a distance of 17.1� feet, thence deflecting in a sauth-
<br /> easterly direetion and runniRg parallel to the southerly boundary li�e of said Lot 21
<br /> ta a point on tt�e easterly botmdary line of saici Lot 21, thence deflecti�g in a southerly
<br /> direction a�d running along the east�rly bou�dary line of said lot 21 a distance of
<br /> 18.70 feet, thence deflecting in a northwesterly direction and running along the southerlY
<br /> boundary line of said Lot 21 to the point of beginning.
<br /> Together with all the appurtenutces thereunto belonging, and all covenants in all the title deeds runniag with said real estate, �'
<br /> and sll the renb, lasues and proiits arlsin8 ����a� +�r default in performance of any covensnt or condition herein con-
<br /> tained; and�vunnts the titla thereto perfect and clear except for this mortgage.
<br /> Durlag the tlme tbia mortgage la in force the mortgagors agrec: ` . .
<br /> FI�t. To pay all taxes and apeciel asses9meab levled aguinst said premises. Including all taxes and assessments levie�l { .
<br /> upon this mort�age. or t�.; s2ebt secured by this mortg�ge. '
<br /> Second. To keep �Il buildinge tt�ereon insured againat loss by fire. llghtNng and tornado in Rorae co�npany, to 6e ap i
<br /> � proved by the aaid Home Federal Savings dc Loan Associ�tion oi Grand Island in the aum of _._._, tor `
<br /> � -' �
<br /> the beneiit ot the idd Aasociation,and ite successors or assigns; and to deposit said pollc?es with�aid Association,and�hall not � � .r��
<br /> � +� comau"s vr suiiCe uriy ::asae vu �ti p�ra:�e, :nd oS.:2 gsi sud 4e?g �a�t rgal aafata huililln¢� &nd ImpTOVBmeIIts �II tLOOd r�
<br /> t:
<br /> OTdP.l.
<br /> Third. To pay or cauae to be paid to the Home Federal Sav9ngs dc Loan Association of Grattd Island, its successors or • _
<br /> ase�gaa, the sum of s S;xt„� Tho ��an and no/'L�� -- -�OLLARS� �
<br /> p�vable as follawa:
<br /> $60,Q00.00 due October 31 , 1990 �
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<br /> wltb interest thereon payable, accordinS to the tenor and effect of the oae certain first mortgage,�o� o e d mortgagore. � '�.�
<br /> 6earing even date with these presents. Atter maturity aaid bond draws interest at the rate of �G��nt per annum. �
<br /> Ii said taxes sind aases.4menLs are not paid when due, or if the buftdings on said premises are not insured aa above pro-
<br /> vided,or if any of said 9nterest ia not paid when due, thea said w le ail become due immediately,at the option of the !�
<br /> aaid Aaaoci�tion,aad shall theraafter draw interest at ffie rate of��p����t per annum.
<br /> - The mortgagor S henby a�sign S to eaid mortgagee all rent� and income a:3sing at aay and all tirues from said �
<br /> propertq and hereby authorize aaid moitgsgee or it�a�ent, at ita option, upon defanit, to tai�e c6arge of said property xnd
<br /> collect all rents and income thereirom and apply the eame to the payment o! interest, principal, insurance preminms,taxe�, �
<br /> �ase�smentr, repairs or impravements neceasary to keep aaid property in tenantable condition, or to other chuges or pay- �,s
<br /> oncnts provlded for herein or in ffie note hereby aecured. This rent asslgnment ahsll continue in forre until the ut►paid b�l-
<br /> �nce ot said note Is fnlly paid. The taldn8 ot Po�session hereunder ahalt in no manner prevent or retard �uid mortgagee icj
<br /> the collection at said sums by loreclaure or other�vise.
<br /> Whetber said debt becomes due by lapae ot time. or by re�aon of the tailure of the party of the first part to comp�y
<br /> witb any condition herein, the said Home Federal Ssviage dc Loan Association of Grand Ialand, the succesaors and aaaignb,
<br /> ehall have the rlght to begln the forecloaure af this mortgage at once oa the whole debt hereby secured, and to include
<br /> therein all tazes, asseaaments, insurance premlums and cost�, paid by it or them; or said Aasociation, its aucceasora or
<br /> ua1�� may foreclose only as to the aua► past due, without Injnry to this mortgage, or the displacement or impairment '
<br /> oi tbe liea thereof. ___ _ ____
<br /> And tbe said iliat party and the makere of said note, especially agree and declare that the separate estate of each and ' ��"
<br /> evesy one of them, incYuding botb that now owned aad that hereafter ai,�quired. is pledged and bound for the paymeat of
<br /> !he debt hereby recured. ��
<br /> Aiter the cammencement oi aay suit in forecloaure tlte plalatift thereitt shall.be entitled to the immedtate possesaion of
<br /> �id premises and the �ppalntrnent a! a receiver therefor. notwithstandiaag thex mag 6e the homestead of the occupant and •
<br /> notwit�standfng the p�rtiee Uable for the debt may be aolveat, and the �irat puEy Fnrseby consents W the appa�tment of a y�►
<br /> Receirer�upna t1u prodcrction ot thie indenture. without other evldence. t i
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<br /> L The tate�oin� conditlont and ap�eements� aYl snd aingular, being fWly pertormed, thls conveyance shall be void, at�er- ��
<br /> wiss to be and semaia in full forc� and eifect. ��
<br /> qtt� fJr�vemt�et �''y `�
<br /> SiYned tt����.� dsy oi� A. n., �o�—. ��
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