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<br />'.~<;);
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<br />of the County of
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<br />HALL
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<br />and state ", Nebraska hereln8fter-ca1Itldwii;panyof;
<br />THOUSAND ANQ NO/IOO------u~----~-----~-~--.,~~.,,c;.-
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<br />REAL . ES&;.t{~.GAGE
<br />CQNSTRUCTION.SECURITY . AGREEl'IENT
<br />WESTERN HEIGHTS DEVELOPMENT COMPANY,
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<br />GfaD4 ~ NebrUta,aJld ltssllee_ol'und -""", tile followlug real e5tate,situated.1n HALL
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<br />c~, state 0'
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<br />NEBRASKA
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<br />towlt:
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<br />LOT TWENTY THREE (23) ~~STERN HEIGHTS FOURTH
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<br />T~ with all the apput'teillulees thereunto belonging, and an covenants in all the tille deeds FUnning with said. real~,
<br />aIId .all tile rents. lS8\Jes and profit. arlslng therefrom after default in performance of any covenant or cundltion herein.<:on-
<br />talJled:and _nb the tllIe thereto perfect and clear except fortllla mortgage.
<br />During the time this DlOl'tIIa$e is in fom> the mortgagon agree:
<br />FirlIt. To pal' an tax... ud special _ levied against said premises. ine!uding all taxes and ; assessments 1e'?ied
<br />UJlDlI this mortg..... or the debt s<<ured by this mortgage.
<br />Second, To "- all buildings thereon insured against ioss by fire, lightning and tornado in some company, to be ap-
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<br />proved by the said Home Fedend Savings &. Loan AaIoeiatlon of Orand Island in the sum 01 $ insurab18 value for
<br />th" benefit of the said .~tion, and its s"",,,,,",,,,, or auiflllS: and to deposit said policies with said ASS<>clation. and shall not
<br />eommit or suffer any waste on said PremiHIS. and shall. put and keep said real estate buildings and improvements in good
<br />order,
<br />TIUnI, To pay er c_ to be paid to tne Home Fedend Savllll!S &. Loan AB8ociation of Grand Island. Ua suecessOl'll or
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<br />autp.a. tlle sum. of , fGRTY E 7C;H r iHnuti4ND AND filn/ I nn-____ ------------_---------------- DOLLARS.
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<br />payable .. follows:
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<br />$48,O-OO~OO DUE :1l0VfillBf_K
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<br />1rl
<br />~'-, ,
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<br />19H'::i
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<br />10th
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<br />i
<br />J
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<br />day ~ '~ov"mbet ,_....A D., 19 ,n I
<br />-~~.u" l1LJ.fr.LDEmL!il.LJ..JJl'~_ I
<br />~.}C ,~.~&Lit~'i:~.1c_~ _ ,=.= I
<br />. t"i~..:':._ r~'~~<'~e"~.~ ~':'-:~"~~'::j
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<br />wilIllMerellt tbereon payable, accordlllll to the leilor. and effect of the oDe c<>rtaln first mortIlBlll',!!9,t., _ \l,t s,,;,d mortgagors,
<br />bearing evea dlIl<l with th_ -,>10. Aft.... maturity said bond draWl interest at the rate or~'PiI:'''''''t per annum,
<br />If uld_ and ~...... are not paid when d..... or if the buildi/lllll on said premises are not lUllUl'ed as above pro-
<br />vided.. ' ."1' if allY of Nld inleT'eall. not. paid When. due. thu. said w!l,qljI,9l:9t..,'hba1l becoJne duo immediately, at the opUnn of the
<br />IlIld ~ and .ball tIIenallB draw interest at the rate of )j,*)l:llii'~l1t per aJIl111/D,
<br />TIle .............-'>, hereby lI8lila-- to Ia1d morllallee all rents and lneome arIslllll at any and all times (rom said
<br />~. allllhereb;y autb<lriaJe.wd DlOl'tIIa$ee or ita l.Ilellt. at i1.l option, upon dllfault, to take chars:e of said property and
<br />rolIect alll'ellta and 1_ tI1erefroon and apply the _ to the payment of Intel'est, prIn<:lpal, illBU1'al1ce prernlwna, taxes.
<br />-la, repairs or improvements n~ to ke<lp said property in tenantable conditlon, or to oth.... chari" or pay,
<br />_Ills provided 1<< herein or in the note hereby ~ This r8J.1t ualinment shall continue Inforee .1Intl1 the lIDpald baJ.
<br />- of <Mid note. is fuIl7 paid, TIle taklna of poli8llSlilon hereunder shall in no manner prevent or reWd said mortgagee in
<br />Uul, ~ of ..w ftlD$ hy furecl........ or otherwise,
<br />~. ~ debt _ due hy 1_ of time. or bl' reason of the failure of the patty of .the first. part to comply
<br />wldJ aJQ' eMdltlcm berein, the said Home Federal Savings &. Loan Association of Grand Wand, the s_ and lUlSig....
<br />shallha.ve the rl&ht to be.&ln the foreeloioure of this mortgage at on..oe on the wbole debt hereby secured, and to include
<br />lb.eNiIt all tu.... .~_~~ts. i1lslIrance premlum.s and costs, paid by it or them; or said Association, its successors or
<br />.... l'U)' foreo:loae only "" to the SlIID put due. without injury to this mortgage. or the displaeement or impairment
<br />of lIIIlllen tbereof.
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<br />AD4 the..w first party and the makers of said note. espilCW:ly agree and declare that the separate estatl! of each and
<br />e'ftt7 ODe, of 1I!Ia!..1ncludln& both thatllO.. 0'<<Oed and that hereafter acquired. 1. pledged and bound for the payment of
<br />.tM _.~.....-s.
<br />~..lIIIl. ~~71rJ. Pt of any lllit in foucloowe theplalntlff th......in shall be entlt/edto the Immediate _ion of
<br />~~.~ .......u..a~ of.. rer::el_ tbetefor, notwilllotandil)$ they may be the homestead of the occupant and
<br />~W\j~ 'n1llllc: 1M ~ liable t... u.. dcl!t maybe aolvent, and the flral party horeb1 consents to the appointment oJ' a
<br />~~tM PN4itction oJ' tw. 1~ wl1bout other r.1dence.
<br />.~ .~ ~ ..../t ~ all aDd aln&u1ar. belna fully perfonned, thi. conveyance sha1I be void, other,
<br />.._~'.'~ lAfI&U.~ lIIl4 ""*'t.
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<br />..."'~""..._""~_~,'...1~'_'_~~..............~",.,..",....,'W"."'~_.~........"'""'......_
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