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<br />Colmty, state nf
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<br />NEBRASKA
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<br />towlt:
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<br />TIIWS
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<br />REAL ESTATE MORTGAGE83-' ..' 63 4
<br />CONSTRUCTION SECURITY AGREIlIENT llu.2. .
<br />RnNSAl1 liNn C;ARAH I BONSAll. husband and wife
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<br />of the Count,y of HALL and state of NEBRASKA h~reinafter caned the party ()f.lhefi~part;l~
<br />camR~n' TWO HUNDRED FORTY THOUSAND AND NO/IOO-----------~---------------~-~ln~;
<br />lnhanlipald, do bereb1 gnJlt, barpIn, ,.u and. -1'81 limo the Home Federal SaYings&: Loan Assoclatlono(;Gtaud.IalaIlll,
<br />GraIId IsI:md, Nebrulra, and its a_ and. asaIgna, the following real estate, situated. in HALL
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<br />LOT FOUR (4), REGENCY BY THE GREEN 5UBDI'JISION, AN ADDITION TO THE CITY
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<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with sald real estate,
<br />and. aU the rents, iss..... and profits arising therefrom after default in performanee of any covenant or condition herein con-
<br />toiDiol; and. wattantlthe Utie thereto perfect and clear except for this mortgage.
<br />During the time this mDrigage is in fo,""" the mortgagors agr<>e:
<br />Flm. To pay aU taxes and special assessments levied against said premises, including aU taxes and assesaments 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.
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<br />proved by the said Home Federal Savings &< Loan Association of Grand Island in the sum of ~ insurable ~ for
<br />the beneflt oC the said A.soociation. and its .uccessors or assigns; and to deposit said policies with .aid Association, and shal1 not
<br />commit or suf&r any waste on said premises, and .hall put and keep said real estate buildings and improvements in good
<br />order.
<br />ThIrd. To payor .".use to be paid to the Home Federal Sa>ings & Loan AssocJation oC Grand Island, its successors or
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<br />asaIgna, the sum of $' Tj,1f) Hl;NnRFfI FflRTV THiliiSA[\ln ANi) Nli/llln___________...______________ DOLLARS.
<br />paya8le .. foUows:
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<br />$240,00-0..GO DUE f'-JUVE.f!1BER 25. 198'~
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<br />with interest thereon payable. ~ to tbe tenor and ..!feet of th.. one certain first mortg~i~~ e\lh, said mortgagors,
<br />bearing even date with these \>l'OOCIlts. After maturity said bond draw. interest at the rate of ~ per eent per annum.
<br />U $Sid. tallea and. __ are not paid when d..... or if the buildings Oil said pre.miJles are not jllJlured as .bo.... pro-
<br />vided, or If any of Hidlnter8t is not paid when due. then said v.i)ole debt shaU beeome due immediately, at the option oC tbe
<br />asid AasodatlOll. and. &bal.I thereafter draw intenlll at the rate ofl~W"'ent per annum.
<br />Tbe I!lllrtgqor-'L hereby aaoillD-- to asid. mortgagee aU renb and income ariBlng at any ond aU times from said
<br />\lnlPElrt:v and. hereby authorlK Hid mortpgee or l~ agent, at Illl option, upon default. to take ebarge of said property and
<br />ooUec:t aIlre..u and Income therefrom and awly the same to the payment of interest, principal, insurance premluma, tax,,".
<br />_Is. repaira or Improvements net!elll&r)t to k_ said property io tenantable condition, or to other ebarges or pay.
<br />ments provldri for herein or in the note hereby secured. This rent asslgmnent sha1l contInu.. in foree nntil the unpaid hal-
<br />...,. of.tald nlU 1s fully paid. The talting of jl<lGOJlSion hereunder shall in no manner prevent or retard said mortgagee In
<br />the col1eelicm. ofAld _ by foreelolure or otherwise.
<br />WIleIMr: said debt hero_ due by 1._ of time, or by r....on oC the failure of the Party of the first part to comply
<br />with a1lY..~ herein, the said Home Federal Savings &: Loan Aaociation of Grand Island, the succes.'IOM and assigns,
<br />&bal.I have the rigbt to be&ln the foreclosure of this mortgage at once on the whole debt hereby secured, - .nd to. include
<br />thernIn all tallea, --. lnaunm:e premiums and eosts, paid by it or th....; or said Association, its sw:eellSon or
<br />...... may fOl'eelote 0<Il7 .. to the sum past due, without injury to !hill mortgage, or the displacement or impairment
<br />of the llen thereof.
<br />AlI4 the Aid .flnl party and the makers of said note, especlally agree and declue that the separate estate of each and
<br />_. one_ tlIlI!II), illdll<llng both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the d.eIlt..heIeI>1 seeured.
<br />Aftlrthe -_ of any ~nlt in. foreel.o8ure the plaintilf therein &bal.I be entiUed to the immediate p_ion of
<br />aOd prudaet and the appoiallmellt of a reeelYer therefor. notwlthstanding they may be the hmo_d. oC the """"pant and
<br />~.the putiea 1labIefor the .debt may be saivent. and. the first party hereby eonsents to the appointment of a
<br />............_ ~ ofthi5 indelrture, without other evldenee.
<br />TbiI~COlIIIlltoM ud asreemeata. all and m.cuJv..being fully performed. this conveyonce .hall he void, other.
<br />....\$lIlI...--..bl fl.lllfonle and otfect.
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<br />....t.t$ 25th tt.,y of November 4. D., 19 83
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