|
<br />D,
<br />
<br />JlJlll
<br />
<br />Ilu:.
<br />
<br />'In-
<br />
<br />Im"lili:
<br />
<br />!llll__......Jrl
<br />
<br />'II"
<br />
<br />,/1"
<br />
<br />'lit.
<br />
<br />;-"'~5~l
<br />I
<br />I
<br />
<br />REAL ESTATE MORTGAGE
<br />CONSTRUCTION SECURITY AGREEMENT
<br />
<br />JERRY L. BENKER AND JEANNE M. BENKER, HUSBAND AND WIFE
<br />
<br />of the County (1' Hal I and State (1' ~1.6RIl5KI\ hereinafter called the party of the fir5t part, in
<br />oowdd~tion t" SEVENTEEN THOUSAND THREE HUNDRED AND NO/100--------------------- noLLABS.
<br />in hand p~d,. do hereby grant, bargain, sell and convey unto the Home Federal Saviuga & LOan Aasoc1atlon of Grand Island,
<br />HALL
<br />
<br />Grand Island, Nebraska, and its. successors and assigns, the following real estate, situated jn
<br />
<br />I
<br />
<br />County, state (1' t>JE:IilRASKA .-. towit:
<br />
<br />The Southerly Sixty Six (66) Feetof Fractional Lot Eight( B), Fractional Block One Hundred
<br />Four .(104), in Railroad Addition and its Complement to-wit: Fractional Lot Eight (B),
<br />Frachonal Block One Hundred Four (104), in Koenig and Wiebe's Addition , in the City of
<br />Grand Island, Hall County, Nebrasl<a, excepting therefrom said tract deeded to the City of
<br />Grand Island more particularly described as follows: Beginning at the Southeast comer
<br />of said Lot Eight (B); thence running Southwesterly along the Southerly line of said Lot
<br />. Eight (B), a distance of Ten (10) Feet; thence running Northeasterly, a distance of Twenty
<br />One and Seven Hundredths (21.07) Feet to a point on the Easterly line of said Lot Eight
<br />(8); . thence runni~g Sou~heasterly alon~ the Easterly line of said Lot Eight (8), a distance 1'-
<br />of Elghteen End Flfty Flve Hundredths (18.55) feet to the point of beginning.
<br />
<br />
<br />
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />
<br />Together with all the appurtelJances thereunto belonging, and all covenants ill aU the tiDe deeds running with said real tltate,
<br />I!Id aU the renta, luues and prof"Jta arising therefrom after default in pe.-fonnance of any covenant or oondition bereID eoII-
<br />tained; I!Id warrants the tiDe thereto perfect and clear eJlcept for thts mOl't8age.
<br />DII1'iIIll the time thts mortgage III in fon:e the mortgagors agree:
<br />FiI'Il To pay all lues and lpedal lIIIelIIUIents levied 19aillllt said premises, including all wea and _eatI lmed
<br />upon thts mOl't8age, or the debt seeured by this mortgage.
<br />SeeoncL To keep all bulldlnp thereon iJJlIured against Iou by fire, lightning and tomado in lIOIIIe company. to be .-
<br />
<br />proved by the lIaid Home Fedenl Savings & Loan Auociatlon of Grand Island In the lum of' insurable value far
<br />the benefit of the laid AaoclaUon, and its SUccell101'll or lIIIigns; and to deposit IllId poUeles with said Aaodation. and aUIllUIt
<br />eommit or lIlIffer any wute on said premiael, and shaD put and keep said real estate bulldinp and improvemeats III eoocI
<br />order.
<br />Third. To pay or eaUle to be paid to the Home Fedenl Savinp .. Loan ADocIaUon of Grand Ialand. ltI __ or
<br />UIIpa, the I1UIl of , SEVENTEEN THOUSAND THREE HUNDRED ANn NO/1 00--_________________ DOLLARS.
<br />payable u fol1owa:
<br />
<br />17,300.00 DUE JUNE 21, 19B9
<br />
<br />with Interat thereon payable, according to the tenor and effect of the one eertaln fint lIIOl'tCaIe note of .!!i~_~
<br />bearllII even date with these presents. After malurity laid bond dran Interelt at the rate of*Ulle ~~ UlllUIIL
<br />U said taxes and _ments are not paid when due, or if the bulldinp on said premilell are not insured u abcwe pr0-
<br />vided. or If all}' of Hid Inlenllt il not paid when due, then said whole ~~t.~U beeome due immediately. at the optlDn of tile
<br />IIId AIIoeIItIOD, and IIIail thereafter draw IntenlR at the rate of aiae' ~f'Per annum.
<br />Tbe mortpgor_ bereby ~ to said mortgagee all rents and ineome ariaiq at all7 and all times from said
<br />property anjl bereby authorize said mortglllee or its Alent, at its option, upon default. to tate clIarge of said property and
<br />eoUeet all rents and Iaeome therefrom and apply the lI&II1e to the payment of Interest, prtnelpai. illll1il'U\ee premluma. lues.
<br />uaeaments, repairs or Improvements nllCellllU'y to keep laid propolrty in tenantable oondlUon. or to other cbar&ea or ~
<br />menU proyided for berein or in the note bereby secured. This rent UIIpment sbail contlDue ill force unW the unpald baJ.
<br />&nee of said note is fun, paid. Tbe taldni of .-.euion hereunder aball In no manner prevent or retard said mortalllee In
<br />the eolleetlon of laid 8UDlI by foreelosure 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 oomp!J
<br />wJth any eondltlon herein, the Hid Home Federal Savinp & Loan Association of Grand Island, the lIIICCllIIOrI and usicnI,
<br />.baIl have the r1abt to beIln the forecloaure of this mortgage at ollCe on the whole debt hereby 1Il!CUI'ed. and to Include
<br />UIerelD .U taxes. UMlsmentB, Insurance premiums and coats, paid by it or them; or said AasoelaUon. its su_rs or
<br />......... IDlY foreeloae onb' u to the .um put due, without Injury to tbia mortgllle. or the dlsplacement or impairment
<br />of ttJe lIeIl thereof.
<br />AJUI the laid tint puty and the makers of laid note, eapeelally agree and deelare that the separate estate of earb and
<br />eYeIJ' one of them, lDeludlq both thlt now owned and that hereafter acquired, is pledled and bound for the payment of
<br />the dabt hereby aeeurod.
<br />After the commeneement of all7 IUIt In foreelOlure the plainUff therein lball be enUUed to the immediate pouMIion of
<br />said pnmIaea I!Id the Ippolntment of a rec:eiver therefor, notwitbstandllll they may be the homestead of the oeeupant and
<br />IIOttritllltaDdlDl the pertiea Uable for the debt may be solvent, and the flrlt party hereby oolllents to the appointment of a
<br />Recalnr apoll the produeUoa of tb1I Indenture, without other evidenee.
<br />TIlt fo:ntaiaI ooDdltloDl and qreements, all and .In,ular, beilll fully performed, tbll conveyance shall be void, other-
<br />wbe to be and nmaiD In fun force and eUeet.
<br />
<br />21
<br />
<br />8!tDed tll'.
<br />
<br />day ot--
<br />
<br />June
<br />
<br />
<br />In ....- of
<br />
<br />]
<br />
<br />.J,j
<br />
<br />11 1
<br />
<br />"I_II.
<br />
|