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<br />REAL ESTATE MORTGAGE 84 ' ~ ~' ° s o~
<br />CONSTRUCTION SECURITY RGREEI~NT
<br />PIID-CONTINENT ENTERPRISES. INC.
<br />sit the County of HALL and State of-NEORASKA ~ereinatter called the party of the first
<br />part, in
<br />oonddaeattoa„f DNE HUNDRED~OllRTEEN THOUSAND EIGHT HUNDRED AND NO/100------------- noLLARS,
<br />is band paid, do hereby gnat, bargain, sell and convey unto the Home Federal Savings & Loan Association of Grand Island,
<br />Grand IaLad, Nebnsta, and its successors and aasigos, the following real estate, situated in HRLL
<br />County, State of NEBRASKA ,~ town:
<br />SUITE ONE, BRENTWOOD BY-THE-LAKE CONDOmINIUm PROPERTY REGIEfE I, IN THE CITY OF
<br />GRANO ISLRND, HALL COUNTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running witltaaid real-estate,-
<br />aad all the rents,. ieaues and profits arising therefrom after default in performance of any covenant or condition herein eon-
<br />fained;-and wamnta the title thereto perfect and clear ezce~ for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. To pay ell fazes and special assessments levied against said premises, including aR taxes and aseessmopts levied--
<br />upon this mortgage, ar 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 SaviMS & Loan Association of Grand Island in the sum of F insurable value fof
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and;shallnat
<br />commit or softer 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 & Loan Association of Grand Island, its auccrosors or
<br />aolgns, the sum of;ONE HUNDRED FOURTEEN THR (SAND T(;HT HIINDRFD AND ND/,M_____-____ Dpt.t.anc,
<br />payable ae follows:
<br />$114,800.00 DUE FEBRURRY Z0, 1985
<br />with inttreat thereon psyaWe, according to the tenor and effect of the one certain first mortgage,?~pJe~,Q~ said mortgagors,
<br />bearing even date with throe presents. After maturity said bond draws interest- at the rate of 'fit `)rRf~ent per annum.
<br />11 said taxes aed aeseasmeata are not -paid when duo,: or if the buildings on,said ptemiets are- not insured as above pro
<br />vided, or if any o[ said interest is not paid when due, then saicl_Iv~e ¢g!?t shall become due immediately, at the option of the
<br />said Association, a4d s1uU tereafter dSaw ,interest at the rate ~-bbd} ~~e~lrr egnt .per annum.
<br />The mortgagors hereby assign.- to said mortgagee all rents and inrnme arising at any and all times from said
<br />prnpexty and botchy authorise said -mortgagee o; its agent,. at, its option, +tpon default; to take charge of said property sad
<br />coihect all rents-and iecome'theteftom and apply the same to the payment of interest, principal, insurance premiums, fazes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable -condition, or to other charges or pay-
<br />menta..grovided for herein or in the note hereby:.secured.-Thin-rentasaignmeat_shsll continue infotce until the unpaid bil- t
<br />anre of said note. 16 fully paid; The taking of possession heremder shall is no manner prevent or retard said mortgagee in
<br />the rnlleetion of acid sums by foreclosure of otherwise.
<br />Whether said .debt bemmes due by lapse of time, or by reason of the failure, of the party ot~,the first part to comply
<br />with :any condition herein, the said Home Federal Savings ds Loan Association of Cnnd Island, the eucreators sad assigns, +
<br />shall have the right to begin the foreclosure of this mortgage at once on the, whole. debt hereby secured, and to include
<br />therein aH fazes, assessments, lneuranee premiums and costs, paid by it or them; or said Association, its successors or
<br />assigns, may foreclose oniy as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of the- lion tbereoL
<br />And the said. $rst party and the. makers of said note, especially agree and declare that the separate estate of each, and
<br />every.ane of them, including both that now owned. and that hereafter acquired, is pledged and bound for the paymeat.ot
<br />the. debt hereby secured. .. _
<br />Afler the commenttmenk of any- stdt in foreclosure fife plaintiff therein shall be entitled to the immediate possession of
<br />wid..premlaea and the appointment-of s_receiver therefor, notwithstanding they may be-the .homestead of rho occopaat and-,
<br />adwittsstasiding the parties liable for the debt may be. solvent, and the Yrrst party. hereby coaaents. to the- appointment of a.-_
<br />Rateiver upon the production of this-indenture, without other evidence.
<br />T-a. taregoing conditions and a>jraemente,. all and. singular,-being fully performed. this conveyance shall be void, other.
<br />wLs bbs and t+amainin fuU forp~_andeHeet.
<br />Signed ~ti+. ZOth ~y nf_ Ft~hrslalY ~ D„ 1A~4
<br />I"IItUEN NTERPRI
<br />Q ~-- G1ekn R, Ealils >~1i ::z ant
<br />'';«:r-.n ~ ~y;.7 ~w~ ((T~~-~~~ ~ ~g ~n -`^:dkva.du~~. Judy Wle ~., SeCrt:ta_
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