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<br />of the County of HALL and Slate of NEBRASKA hereinafter called Ihe party 01 the first part, in
<br />consideration of FORTY THOUSAND I,NO NO!lOO----------------------_________~__._______ _DOLLARS,
<br />in hand paid, do hereby grant, bargain, sell and convey UIIto the Home Federal Savings &; Loan Association of Grand Island,
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<br />Grand Island, Nebrasb, and its successors and assigns, the following real estate, siluated in
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<br />County, State of
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<br />NEBRASKA
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<br />~ towit:
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<br />LOT TWENTY 1HREE (23), wESTROADS ESTATES FOURTH SUBDIVISION, HALL COUNTY, NEBRASKA
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<br />Together with all Ill<> appurienaneesthereunt0 be10ngi.ng. "'ld aU COVe"'_" in all the title deeds 1'UJIJIin!fwith'sald;ruelc'esiat.;--
<br />and aU the rents. issues and profits arlsing therefrom afi._ default In performance of any co~OI',eonditionherem.-Co1>,-
<br />tained; and warrants the title thereto perfect and dear except for this mortgage, ,<';:
<br />DlI1'ing the time thi! mortgage is in fo"," the mortgagon agree:
<br />First To pay aU taxes and special assessments levied against said premises. ineluding all- taxes and:use.mn~ts;}evi~..-
<br />upon this mortgage, or the debt secured by this mortgage, ' '_ " "..', _
<br />Second. To keep all buildJngs thereon insure~ against loss by fire. lightning and tornado in some company; to :b&""p,'-
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<br />proved by Ihe said Home Ft'deral Savings &; Loan Association of Grand Island in the sum of $ in~' q::;.t>lG> "" ]"9 ,fot',
<br />the benefit 01 tbe said Association. and ita .u""........ or ....igns; and to depoalt said polities with $aid J\SSO<:latiou.and,llhall'lIol::'..
<br />commit or .uffer any waste on .aid prelllises, and shall put and keep said real ..tate building. and improvenleUu,in: good':-
<br />order,
<br />Third, To payor ea""" to be paid to the Home Federal Savlnl/ll &; Loan Association of Grand !slalld, its aU<le~'9';,,:
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<br />assi,ps. the sum o-f $ FORTY 1Hf}IISAl\lfj j\ND f.Jnj.iOO___-:.-...~------:_-----..-.,-..----------~-:-.-.-.i>OLL4J1S{';
<br />payable a. followa:
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<br />SIaaod UlIa..".____...., ....JOU-'-...."_.............da.I'
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<br />S4D,QOG~f30 UUt.: ,4UL~USi ~ lSBS
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<br />with. ln~.....~ tberoo. . n .payable, aCC(lrding to the tenor a~d effect of th.. e one .certain fint mo. rtg.. .ag. e.".'!11....00j! .,...."ofO,...f.. .'.sa! sa!..... ..~a........~ ..
<br />bearing even date ,,~th th_ ~ts.. After matunty ...d bond draws wlerest at the rate ofI~t. -
<br />If said tax"" and _uta are not paid when due, or if the buildings on saidP1'8mls.. ...." ,t\oti1l\$~
<br />vided,. or if any oI .... 'd inte.rest. is. not paid whell due, then sald w~., ~~.. bee. o. me dU... 1m. . medlately,. at... th. .. ".,.. l)
<br />oaid A.ssoeiatiOll, and shall therea{tef draw interest at the rate of ~lII'11'ii"eellt,Pti'lUUlllll"> .. ..' ,:::<
<br />The mortgagors-. hen>by ~.. to aald mortgagee all rents and 1_ arising at ail)' and all tinlel!fr'!Ill,;~
<br />property and hereby authom.. said mortgllll~ or Ita lIllent, at Its option. upon default, to lak..cb1U'seOfaald~/~,
<br />l'OIlect aU rents and income therefrom and apply the same to the payment ofint....-e&t, priJleipal,. IIlS!!f1llle.ep~~
<br />...........enl$, repairs or improvements necessary to keep said properQo In tenantable conditlOll,or tootb!ll'ellar.'Ill.Ol',~
<br />menu provided for berein or io the note bereby _ured.. This rent asalfIDIDeJIl shall<:ontinuelnf_:tUItl1~tQ.tUI~''''
<br />.nee oI said note is fully paid. The ta1ting of possession bereunder shall In no mannerpreyent or r;\tard saldmo.rtg_. in
<br />the l'OIlecUon ef sald sums by foreclosure or otherwise, '
<br />Whether aald debt becomes due by lapse of lime. or by reaSOD. of the failure of the party of thefint{>llrtto~
<br />with any condition herein, the said Home ~'ederal s.\ings .It Loan Association of Grand Island, the SU_<II's and, .~"
<br />shaU have the right to begin the forOOOSUl'e of this mortgage at Once on the whole debt hereby~. ,and,; ~ "iAAl~
<br />therein all taxes, _ents. illliurouc:e premiums and costs, paid by It or them; Or aald A..saociatiou.- Jta~ or
<br />~ ~ foreclose only as to tbe sum past due, ...'!thout i!\jury te this mortgage, or the d1splatement 01' inI~
<br />of the lien thereof.
<br />AAd tbe aald first. party and the makers of said note, especially agree and declare that the separate estate of eeehalld
<br />every one oI Illoem. in<:ludlng lx>th that now owned ond that hereafter acquired, is pledged and bound for the ~r of
<br />the debt hereby _urecl.
<br />J\ftar the eommen<:ement oI an.)' .uti in forOOOiure the plaintiff therein shaU be entitled to the lnunediate ~of
<br />aid llftUIIiaM and the .ppnintment of a receiver thuefor, notwithstanding they ~ be the homestead of the ~t lID\!'
<br />aotw:i~ the parUes liable for the debt may be solvent, and the first party h_by <<>_ to the appointment of a
<br />1Ie<;ei...... lIpQ!l tlie ~oa oI .thia indenture, without other e.'idenee,
<br />1'lIe fcnaolDll ~. and- ~ aU and lOin&ular, be.!nll fully performed, thia cou.eyance .hall be votlt, otIler.
<br />wlae tn bead reaala in fll11.f<<ce and- effect.
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