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<br /> .°� � CONSTRUCTIOh SECUFiITY AGREEmEN f i• „ _.
<br /> ':.�_;f;:;;=•�?,� _ mARTIN D._.C�A_�PEN7'ER AMD LORI A. CARPENTER. hlUSBAND PND WIFE �
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<br /> . �� af�hs Counry of� 1IA�„�_,�a�d�tate af IV�BRASKA_,___�hereinafter calleJ lhc party uf�he first part,in „
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<br /> ;�;';,;�vq.ar' � cmnserlentionof FORTY EIGNT T_HOL_fs(jjUf,� AND 00/100 DUll.NRS.
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<br /> • , " in hand ptiA,do hereby gr+nt.ba�g�in. sell and convey unto thc Home EWeral Savings& l.oan Association of Grand Istand,Gnnd Tsimd, �
<br /> „ ° � Nebrasfc�,and i[s cuccesson nnd assigns.ihe Collowing«af esute,situued in HAL L I
<br /> � �' Counry,Snte of NEB�,RSKA rowit: _
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<br /> `-?''`' � = LfJTS THIRI'Y THREE (33) AND THIRTY F�UR (3G) ARGQ FOURTH SUBDIVISIDN IN THE � .• ' `^: �
<br /> =_ • `} UILLAGE OF ALDA HALL COUNTY NEBRASKA � '"'"� ��
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<br /> _.._ .. ' . E� - -���`'Y
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<br /> Tugett�er with nll the�ppurtcnan�es therc�mto belonging.u�d aQ covenancs in alt[he tide deedy n..-'ming with said real es�te,and ill the«nts,iasues � �-.���;�`-
<br /> � , •:�;R and pro6ts uisinp,therefrom af.er default in performaace of any covenant or candition herein cantained;and+vamnts the titk¢hereto perfect aod ,t . � ;;�_�
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<br /> cl�r caccQt for tt:is�scort,�sgc. - �� � _
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<br /> During the ti►ne t6is mortgage is in force the mortgzgors ag�ee: `°�. ':.��
<br /> First. To pay aEl axes and specul usessments Icvied against sald premises,includin�all tues u►d zssessments levied ugon�hit mong�ge.
<br /> ,.r_ Ur the�lCbt secured bv this mor�KC. •.;rr r
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<br /> ;�':� � Sswnd. To fceep aq buildings thereon insured against loss by fire,lighming and tortudo in some campany,[o be ipproved by the e�id �':?. -
<br /> ' � '�.•;.'' Home Federal savings�c Lou�Associ.tion of Grand Tslu�d in the sum of S 48.000.00 , for tAe bencfit of the uid "'' "�"� �
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<br /> ";'`;'`• Associ�tion,utd its succassors or�ssigns;and co deposit stid policies widi saed Assocution, and shall aot comtnit or suf�er any waste nn said '+,� .:•
<br /> ' •:°i%i.�%:� premises.uid shsll put nnd keep snld real esuto build'u�gs and improvements in good o.d:r. �"�'�
<br /> - � 'li�ird. To pay or cause m bo patd to the Honte Fedarsl Savings&Loan Associatio:cf Qrand fsland,iu successors or rssigns,the aum �!i�?j
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<br /> . ' suat of S rORTY EI GHT THOl1SAND AND 00/10Q D011.ARS. ^�* .
<br />, � , p�yxble as follows: '�r �,
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<br /> OUE SEPTEmBER 8, 1995 •�� � �- :
<br /> ' with interest lhereon p�ya6k,nccording to ihe tenor and effect of the one cenain first mortgage no:e of said mortgagors,betring evcn d�te wilh
<br /> � . these ptesents. After maturity aiid bond draws intcrest�t thc rate of nuie per cent per annum. . +�r�-
<br /> ' Tf said taxes anA nssessments aie,not paid when due,or if the buildings on said premises are not insured as above provided,or if any � .��.�.�.
<br /> ���"' ' af said interese i�not pald wh-n due,then said whote debt shall became due immediately,at the option of the said Assocudon,and shnll therufter � - �%��:.;,_
<br />' r%.;; dnw intercst at the rate af nine per ccnt per annwn. �. .. "_t'
<br /> "' `' The mortgagor(s)6erc6 assi n(s)ro said mon a ee up rents and incame arisin at and all times from said ro and hereb • �
<br />�;;.;.:_�. Y � S 8 S Ml' P P��S' Y , ,���, :
<br />_ ....r, authoriu said mortgagee or its ngent,at its opaon,upan default,ro talce charge of said proFerry and collat afl rems and income therefrorn�nd :;;';�w:..,.�.
<br /> �� - T ' apply ihe samo to alte payment of interest, principal, insurance premium,,tanes, assessments,repairs or improvements necessary ro keep said : �';�'.:;:
<br /> sa^�fi ia��nbts cc.^.diC�a,ar to other cliaz es or a ments �ovided f�r I�erein or in�he note hereb secuced, '(T�is rcnt nssi nt chall ���"'�"'
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<br /> � � continue in force until die unpzid baluice of said note is fully paid. '!'tie taking of possession hereunder shall in no manner prevrnt or renrd s�id , ,
<br /> � mo[tgagce in the cAUection of s�id sums by foreclosun or otherwise. M••�
<br /> Whelher uid debt becomes due by lapse of time, or 6y mzson of the failure of the parry of the first part to compty with any condition
<br /> , , .. '�"" hercin,the uid Home Federal S�vings&Lo�n Association of Grand Jsland,t?�e successors�nd assigas,shal!have the right to begin the fon�►.fvsure
<br /> ' ,. of this mong2ge at onee on the whole debt hercby secured,and ta include[herein aU taaes,assessments.insurance ptemiums and costs,paW by �
<br /> . it or them;or said Associatian,iu cuceessors or assigns, may foraclose only as to the sum past duo, wi�hout injury to this moctgage,or the "
<br /> ' d'upl3cemcnt or impairtnent m�'E�:licn thcrcof. ,
<br /> And the said first p,arty and Qie makers of said note,especi�Uy agr,:e und d��cian:that rne separnte estato of each nnd every oue af thEm, �
<br /> ' uxluding both ttzat mow owrttci and U�at hcrcafter acquircd.is plcdg�ti and buund for the paymcnt of thc dcbt hcreby eecund. � '
<br /> ARer¢i�e aommence:rnent of any suit in foreclosure Ne plaintif�tl:crei.z s�all be enritled tu the immcd}ate posscssion of s�.id premiuPS and �
<br /> . the appointmcnt of a t�ivcr Kcetufor,aot vrithstanding they may bc t1�e homes[csd of tIia occapant nnd►wc witl+standing thc pani•.Babla tior thc I
<br /> • debt map be solven4 and die Grst pany hercby consents tcr�:e uppoinnnent ef a Receiver L�n cR¢production of this indentunr, witt[out other
<br /> -• , ,1-�` ; cvidence. �r
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<br /> • The foregoing condiibns and agncmcnts,aU a�id afngular,bcing Cvlly�yerfar.m�d,this conveyar.ce�4iall Le+oui,otherwisc to be and i
<br /> -?--- _ ---.----_- rcmain in fLll fnrcr and cffrrt• ---�-------
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<br /> ,.. .. . Signed this BTM ,�y�f mARCH, 1995 A.D..
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<br /> �1A ' IN D. CARPENTER �
<br /> _ In prese�ce uf � � • � �
<br /> s- �._l,t 11�..1
<br /> ' � LORI A. CARPENTER
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