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<br />REA~o~~I~I~EcMQ~I~AGE
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<br />83,,;,;;;,. Ou5787
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<br />Grand lsIIJl4. NebnIIla, and its succeaaon and 8lllligns, the following real estate, sltJlated in
<br />i-~E8RASl\A
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<br />HALL
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<br />JERRY c. GOHNART and BARBARA J. 80HNART. husband and wife, each in his and her own
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<br />riS1ht and as spouse at each other
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<br />of the County of
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<br />HP,LL
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<br />and state Qf NEBRA S KA
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<br />hereinllftercalled the party of the fliSt part, In
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<br />eoaaldentlon ", FORTY EiGHT THOUSAND AND NOi I OO------------------------~
<br />ill 1wId. pdd. do he<eby grut. harpID. oeIl and convey 1I11to the Home Federal Savings & Loan Association of. Grand Island,
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<br />CouDty, Stale ~,
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<br />toYJit:
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<br />LOT T't-iO (2) HLOCI< '_',it ~!) C;JLOU1AL :::e~~-T!~TtS SU8Dl !SlON, CITY OF GRAND ISLAND" HALL COUNTY,
<br />ilE8RASKA
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<br />Together wtlh all the a~ thereunto helongIng. aDd all c(}venan(s in all the title deeds running with said real estate,
<br />and all the rents, 1_ and protlta IlriJlng. therefrom after default in perfonnance of any covenant or condition herein eOIl-
<br />tained: and.....".,ns the title thereto perfect and dear except fDr this mortgage.
<br />Owing the ~ thl& mortgage i. in fo= the mortgagocs agree:
<br />nrllt. To pay all UlXeS and spenal ......m.nts levied against said premises. including all laxes and assessments levied
<br />upotl thlo l!>Ol'tgage. or the debt secured by this mortgage.
<br />Secood. To keep all buildings thereon insured against loss by fire. lightning and tornado In some company, to be aJ>
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<br />pro.ved. by the said Home Federal Savings & Loan Association of Grand Island in the sum of $ ; nsur'ab j e ! ue for
<br />the benefit of tbe said Association. and tts $llCCf.'-SSOrs or assigns; and to depOSIt saId policies with said Association. and shall not
<br />oornmit or suffer any waste on said premises. and shall put and k~p said resl estate buildings and improvements in good
<br />orde.r.
<br />Third. To pay or eause to be paid to the Home Feden.1 SaVings &: Loan Association of Grand Island. its successors or
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<br />8lllligns, the ...... ot $
<br />payable .. followa:
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<br />.!- -- -- -- - -- ---- - - -- h - - --- ----- --'DOLLARS.
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<br />liiIllIIl ttda.--.-~:_~~__h__ _______.,.d&y oL- --- ~".~/: )dW~- . I
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<br />with iIlt_ thereon poyabIe. aceordi~ \0 the u-nor and effect of the one ccmln first mortgage note of said mortgagarl5.
<br />bearing ewm date WIth t.heae presenU-. Alter maturity said bond draws interest at the rate of nine per cent per annum.
<br />If Il>.id laxeo and __ ~ not paid "'!>en due. or if the buildings on said premises are nat insured as above pro-
<br />,ide<!. or if any of said 1.._ IS not paid when due. then .aid whole debl shall be<:ome due immediately, at the optian af the
<br />said AaociAti..... and shall thereafter draw interest at the nle af nine per cent per annwn,
<br />Ttle mortcacor-__-:=. hereby a.ssign.l.~ to said mortgagee aU rents and income arising !it any and aU times from said
<br />prvperty and bereby authorile said mortcalee or ha agent, at ita aptian, upon default, to take charge af said property and
<br />roIle<t all nmto and illCOme therefrom and apply the same to the payment of interest. prinelpal, il1S1ll'ance premiums. taxes,
<br />_ta. ...,pairs or Impr"""mel1ts n........., 10 keep .aid property in tenanlabl& conditian, or to other eharges or pay.
<br />"""'*" provided fOt: h-m or in the note hereby secured. Thia rent assignment shall continue in foree until the unpaid bal-
<br />aDCe of -Aid note is tully paid. The taking of possession heftllnder shall in no manner prevent or retard said m-ortgagee in
<br />the eoIlec:ti<m of said ....... by foreclosure or otherwise,
<br />WWller said debt heeomes du" by lapse of time. or by re~ ot the lallure of the party at the first part to comply
<br />with any eoaditloD. hereiD, the ",ud Home Federal Savlnga. " Loan Alisociation of Grand Island. the successors and assigns.
<br />shall ha.... the right to begin the f"reclosure af this mort&lIle at onee on the whole debt hereh!, secured. and to include
<br />UtereiD all ta~ ~ in.sw"anee premiWDJ5 and C()$ts~ paid by it or them; or said Association. its successors or
<br />...... ~ f~ only lIS to the sum past due. without injury to this martgage, or the dispJa..ment I'll' impairment
<br />of the Ii"" thmoof.
<br />^"<l the saJd tint party and the makers of said note. e~ .g..... and declare that lhe separate est:ite of each and
<br />eVW')' 0Ill! of them. ineJudi~ hath that now owned and that herufter acquired, is pledged ,.nd hound for the payment of
<br />the debt ~ MCUred.
<br />After the _t of any lJUit. In fa~ the plaintiff therein shall be entiUed to the immediate _ion oI
<br />said ~ lII,hIM appoiJItmeat uf a receiver therefor, notWithsta.nding they ~ be the homeatead of the occupant and
<br />_tliIboadillI .!lle porlies liable foe the debt ~ he aalvellt, and the first party h.....by co.....11ts 10 the appointment of .
<br />llIIooiYer l11'Oll _ ~ of thia iDdetlture. with",,!. other evidence,
<br />n.. ~<<ItIlllti_and --. all and lIiPlUlar, being ful.ly perfol'll>ed. this conveyance .hall be vald, other.
<br />"""-. to IN ad. 1'-..lD ill twll_ lU14 effeet.
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