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<br />REA T T ��� TpAGE g7_. 102509
<br />C. Eugene Armstrong and Bess R. Armstrong, Husband and Wife
<br />of the county and State ot.— ULBR$SK&_hereinafter called the of the first part, in
<br />consideration
<br />- ------ tea.. +.-DOLLARS,
<br />I" Yard pwid. do hereby grant, bargain, can sad conveY unto the Biome Federal Savings & Loan Association of Grand Nand,
<br />Grand Id" Nebraska, and its w¢eessors and assigns, the following real estate, situated in Hall
<br />COMWA7, auto of Nebraska
<br />—,_. town:
<br />The North Sixty Six (66) Feet of Lot One (1), Block Eleven (11), in Claussen
<br />Country View Addition, an Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />Together with all the appurtenances 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 any covenant or condition herein con.
<br />tained; and warrants the title thereto perfect and clear except for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First To pay all taxes and special assessments levied against said premises, including all taxes 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 Hone Federal savings i Loan Association of Grand Island in the sum of S Tnci .ran 1 0 ,ra I o 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 suttee any waste on said premises, and shall put and keep said real estate buildings and improvements in good
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal savings k Loan Association of Grand Island, its successors or
<br />assigns, the am of $ TWENTY FOUR THOUSAND, EIGHT HUNDRED 8Nn Nn /10❑ - BOLLARS
<br />payable as follows:
<br />$24,800.00 DUE MAY 1, 1988
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors,
<br />beartng oven date with these presents. After maturity said bond draws interest at the rate of nine per cent
<br />If said taxes a� aaesaments are not paid when due, or if 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 said wh 1e bt shall become due immediately, at the option of the
<br />said Association, and shall thereafter draw intered at the rate of 9nt per annum.
<br />The mortgagor a hereby assign_ to said mortgagee all rents and income arising at any and all times from said
<br />property and hereby authorise said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br />collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes,
<br />repairs or improvements necessary to keep said property In tenantable condition, or to other charges or pay.
<br />t Provided for berein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal•
<br />ante of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mo
<br />tbt colleetioa of said sums by foreclosure or otherwise. rtgagee in
<br />tibether 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 my condition herein, the acid Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />W" have the tight to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />titnnda all taxes, assessanants, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />MOM my fbrwtme only as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of tie tits tber L
<br />And So odd first party and the makes of said note, especially agree and declare that the separate estate of each and
<br />every 6118 of tiaan, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />tie debt has" ascnred.
<br />aW � �eotyoamesnaent of say suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />appdntmemt of a receiver therefor, a0twithstandtng they may be the homestead of the occupant and
<br />UK PWUN liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />>Rioaedvtr UP" the Production of thin Indenture, without other evidence.
<br />The hr""i g gems and ageeaoe"k aII and oingular, being fully Performed, this conveyance shall be void, other•
<br />wbte to be and nosaii in full lacer and effect.
<br />slped this 7 -t day Of-- may
<br />In pewnee at
<br />C. Eu Atmstrgnq
<br />_ ir :-rn�t_i'Urtq
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