|
<br />REAL ESTATE MORTGAGE 84 "' ~ j C+ 10 8 5
<br />Dennis 0. Meyer and Judy E. ?Weyer as husband and wire AND Paul T. ?Meyer, unmarried,
<br />as Tenants in common
<br />Ha I I fJebraska hereinafter called the party of the first part, in
<br />of the County of and State of__
<br />consideration of t I GHT THOUSAND A~JD Pi0/ 100 -------------------------------------- _DOLLAl1S,
<br />io hand paid, do hereby grant, bargain, seU and convey unto the Home Federal Savings & Loan Association of Grand Island,
<br />Grand Inland, Nebraska, and its successors and assigns, the following real estate, situated in Ha I
<br />~~~ ~~ of fJebraska towit:
<br />Lot Seven (7), in Block Five (5), in Boggs $ HiII's Addition to the City of Grand
<br />Island., fJebraska, as the same is surveyed, platted and recorded.
<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 is performance of any covenant or condition herein coa•-
<br />rained; and warrsnts the title thereto perfect and cleaz 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 Home Federal Savings & Loan Association of Grand Island in the sum of $ 8.000.00 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 Home Federal Savings & Loan Association of Graced Island, its auoeesaors- or_
<br />assigns, the sum of $ E I GNT THOUSAND AND NOi 100------------------------------------- DOLLARS,
<br />payable as follows:
<br />58,000.00 Due iMarch 1, 1985
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage rgP~Pei'~~?'d_ mortgagors, .
<br />bearing even date with these presents. After maturity said bond draws interest at the rate of mee per cent per annum-
<br />If said taxes and assessments are not -paid when due, or if the buildings on said- premises -arc nqt iirsured as above pro-
<br />vided, or if any of said interest is not Paid when due, then said wh~l~n~~~ll bernme-due immediatelg,.at; the.-ogtion.,of She-~'
<br />said Association, and shall.thereafter draw interest at the rate of.trwe per cent ,per annum;
<br />The mortgagor 5 hereby assign S to said mortgagee all rents and income arising at any and aA times< firm. said-
<br />property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge- of. said-. pYoperky and-.
<br />eolleM all rents and income therefrom and apply the same to the- payment of interest. prirrclpal, insurance-. premiums, taxes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other. charges-or pay-
<br />manta provided for herein or in the note hereby secured. This rent assignment hall continue.,in::, force until'+tiie unpafd_ bal,
<br />anee of said note is fully paid. The taking of possession hereunder shall in ao manner prevent or retard said mortgagee in
<br />the colleMion of said sums by foreclosure 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 comply
<br />with any condition herein, the said Home Federal Savings k Loan Association of Grand Island, the successors and 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 all taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />assigns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of the lien thereof.
<br />And the said first party and the makers of said note, especially agree and declaze that the separate estate of each and
<br />every one-of them; i~luding both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the debt hereby secured.
<br />After the rnmmencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate posae5siop of
<br />said-premises-and the appointment of a receirer therefor, notwithstanding they may be the homestead of the occupant and
<br />notwithstanding the parties liable -for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Itecelver .upon the production of this indenture, without other evidence.
<br />The foregoing conditions and agreements, all and singular, being fully performed, this eonveyanee shall be void, other-
<br />wise :to be. and remasn in full faros and affect.
<br />Signed ibis I St deY ofA~~arcli a, D., 19 84
<br />Iu presence of ,(~1,., r, ~ ~.•, ,~.
<br />i'.~nis ~~Msr~~
<br />/ rfy~.:tF'4t'.t~1 ~--d b~Xt,.~v 1 r~y~f '
<br />_.„._»__ _..____.__._~__-_. ~...-.._ ~fJ ~ ,t . S ale, "17~.~.'"' -..._.. _.
<br />
|