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In
<br />RE-%sgTAT9UA49ff 94tA)GE gs.� M*59
<br />JOSEPH D. PEDLEY AND VICKI R. PEDLEY, HUSBAND AND WIFE
<br />of the County M Hal l and stela of Nebraska iarai~ffor galled the patty of the Bra part, is
<br />egaddeeatioa oL FTFTY FIGHT THDIISANn TWO HIINDRFD DOLLARS AND NO/ 100 - - -- - -wr_ 6M
<br />is bald paid, do hereby gtemt, bargain, sell aM coma unto the Some Federal SavhW A Lose Amadation cif Brand Island,
<br />Grand Nand, Nehradn, and its rooreams. and assigns, the following real estate, situated I. Hal I
<br />Cosmty, State of Nahracka �, towit:
<br />LOT FOUR (4) COLONIAL ESTATES FIFTH SUBDIVISION, IN 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 rants, 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 mortgagor 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 Home Federal Savings & Loan Association of Grand Island in the suer of S insurable Value 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 suffer 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 Anne Federal Savings & Loan Association of Grand Island, its successors or
<br />assigns, the sum of $ EIFTY EIGifT iJQ.L Tt H T.WGL.l{IItiDPFD f10I 1 ARS Ali[- iJUJI)a -- __-- - - -- -- DOLLARS,
<br />payable as follows:
<br />$58,200.00 due August 15, 1986
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors,
<br />boating 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 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 whole debt shall become due immediately, at the option of the
<br />said Association, and shall thereafter draw interest at the rate of nine per cent per annum.
<br />The mortgagor_ 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 />coHoct all rents and income therefrom and apply the same to the payment of Interest, principal, insurance premiums, taxes,
<br />asseassnestts, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay -
<br />moats provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal-
<br />sure of said note Is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection of sold sums by foreclosure or otherwise.
<br />Wbatber 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 said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />Mail Woe the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />tier itt ail taxes, assessments, insurance premiums and costa, paid by it or them; or said Association, its successors or
<br />assigns, wary, foreclose only as to the sum put due, without injury to this mortgage, or the displacement or impairment
<br />d the lien thereof.
<br />And the said first party and the makers of said note, especially agree and declare that the separate estate of each and
<br />seen one of those, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />Ow debt bereby secured.
<br />After the commoseement of any PA in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />aid pesssktss and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />adwiUnUading the parties ilable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />lleeettw upon tie prodnKion of this indenture, without other evidence.
<br />The 1wagoiag conditions and agreements, all and singular, being fully performed, this conveyance shall be vold, Other -
<br />wise to be and romafn la fall rotes, and effect,
<br />xidaod tip _._._...151lh day of_ _IiU w.;.T.. _ .._......_A, ta., .1
<br />In pwsMaeo of
<br />M1
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