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<br />REAL ESTATE MORTGAGE
<br />CONSTRUCTION SECURITY AGREEMENT
<br />BRENT ALLAN MILLER, unmarried
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<br />84-002760
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<br />r
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<br />of the County of
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<br />!-I III I
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<br />and State of NF RR A SK A
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<br />hereinafter called the party of the first part, in
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<br />Grand Island, Nebraska, and Ita auceessors and assigns, the following real estate, situated In
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<br />HALL
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<br />conalderatlon of NTNFTFFN THOIISAND FIVE HUNDRED AND NO!lDO-------------------------::nOLLARS,
<br />in hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savin,. & LoIn Association of Grpdllland,
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<br />County, State of
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<br />fJFRRASKA
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<br />tomt:
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<br />LOT SEVEN (7), IN BLOCK FORTY TWO (42), IN RUSSEL WHEELER'S ADDITION TO THE CITY OF
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<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br />I $19,:,OO.OD !JUE ''iAY F, ,985
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<br />I with interest thereon payable, according to thc tenor and eIfeet of the one certain first mortgil,l\'i.,Hjlte~,llf said mortg.. ag"....,
<br />; bearing even date with these presents, After maturity said bond draws interest at the rate' Of~~'iWr c:ent )ler unum.
<br />I'.' If said taxes and assessments are not paid when due, or if the buildings on said premises aren"t insured.. allove Pf<i.
<br />vided, or if any of said interest is not paid wben due, then said \V~t~ shall b.ecom.e due immediately, at the option of the I
<br />said Association, and shall thereafter draw interest at the rate Ill- . cent per annum,
<br />The mortgagor__ hereby a.ssi!ln--- to said mortgagee all rents and income arising at any and all limes from said :
<br />11'-- property and hereby authorize said mortgagee or its agent, at its option, upon default, to take cbarge of said property and 1,:.,-,",
<br />collect all rents and in<:ome therefrom and apply the same to the payment of interest, prineipal, insurance premlnms, taxes,
<br />assessments, repair.; or improvements neeessary to keep said property in tenantable condition, or to other chargea or pay.
<br />I ments provided for herein or in the no~e hereby seeured, This rent assignment shall continue in force until the unpaid bal-
<br />ance. of said note is fully paid. Tbe taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection of said swns by foreclosure or otherwise.
<br />: Whether said debt becomes due by lapse of time, or by reason of the fOllure of the party of the Iirst part to comply I
<br />I. with any condition herein, the said Home Fcderal Savings & Loan Association of Grand Island, the successors and assigns, I-',~
<br />shall havc the right to begin the foredosure 01 this mortgage at once on the whole debt hereby secured, and to indude
<br />$ thereiA all taxes. assessments. insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />I assi&ns. may (oreclose only as to the sum past due, without injur)' to this mortgage, or the displacement or impairment 1'."
<br />of the lien thereof.
<br />And the said first party and the makers oi said note, especially agree and declare that tJi.e separate estate of each. and
<br />,_every one of them, including both that now owned a.,d that hereafter acquired, is pledged and bound for the payment of
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<br />Alter the eommeneement of any suit in foreclosure the plaintiff therein shall he entitled to the Immediate possession of ~
<br />said pt'enUses and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and I
<br />I notwi~ the pacties liable for the deht may be solvent, and the first party hereby consents to the appointment of a ~
<br />Receiver upon the production of this indenture, without other eVidence, I
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<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds,'runninll with said reahlt.le,
<br />and all the rents, issues and profits arising therefrom after default in performanee of any covenant or eondltlon herein eon-
<br />wned; and warrants the title thereto perfect and clear except for this mortgage.
<br />During the time this mortgage is in force the mortgago.. agree:
<br />First To pay all taxes and speeial assessments levied against said premises. including all taxes and - llllleIIIIlentslevi~
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second, To keep all huildings 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 F~deral Savings & Loan Association of Grand Island in the sum of $ ; n~llr::ln 1"" If::lllIP , for
<br />the benefit of the said Association, and its successors or assigns; and to depl.<sit sa.id 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 he paid to the Home Federal Savings & Loan Association of Grand Island, its 1UCCelIOO1lI or
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<br />assigns, the sum of $ !~IN[T[EN [HOUSAND FIVE HUNDRED AND NO!lOO----------------------'1)OLLAlIS,
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<br />payable as follows:
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