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<br />READ E~i'ATE tv10RTG~GE
<br />btESTERtJ HEIGHTS O'tVELOPMENT COMPANY
<br />
<br />of fire County. rcF HALL and State o¢ NEBRASKA t+ereinafter called the party of the first part, in
<br />caneideratan of. FIFTY FOUR 7HOUSAND_SIX HUiJDRED AND NO/100-----------_--------T__DOLLARS,
<br />hi hand prod, do hereby grant, bargain„ sell and convey unto the Home Federal Savings & Loan Association of Grand Island,
<br />Grand Island, Nebraska, and its successors and assigns, fire following real estate, situated it HALL
<br />County, State of NEBRASKA -Y , town:
<br />LOT TWEIYE (12) R & B SECOND SUBOI1iISI0N, HALL COUtdTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds *+*nning with said real estate,
<br />and all the rents, issues and profits arising therefrom after default in performance of any covenant or condition herein con-
<br />tained;.and wamnts the title thereto perfect and clear except for this mortgage.
<br />Ilnring the time this mortgage is in force the mortgagors agree:
<br />First- To pay at'_ taxes and special assessments 1¢:^:¢d a~inst said premises, including all taxes and assessments levied
<br />ugon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep aII buildings thereon insured against Loss by fire, lightning and tornado in some company, to be ap-
<br />proved by the said Home Federal Savings S• Loan Association of Grand Island in the sum of c ~ n S U ra b 1 e V a 1 U e ,for
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />commit or suffer any waste oa sold premises, and shalt put and keep said real estate buildutgs and improvements in good
<br />order.
<br />Third.. To pay or cause tm be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br />assigns, the sum. oft FIFTY FOUR THOUSAND SIX HUNDRED AND NO/100---------------------ytQI,I,Ags,
<br />payable ac follows:
<br />X54,600.00 UUE FEBRUARY 1, 1983
<br />- with interest thereon payable, according to the tenor and effect of the one certain first mortga~~~ said mortgagors,
<br />bearing even date with these presents. After maturity said bond draws interest at rho rate rest per annum.
<br />If said taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br />vided, or if any of said interest is not paid when due, then said kv~l i~,ekf, sha11 become due immediately, at the option of the
<br />said Associatlon, at~,d shall :thereafter draw interest at the rat¢ dt ~+'cent per annum.
<br />The mortgagor' hereby asg+~ to said mortgagee all rents and income arising at any and alt times from said
<br />pmpert5' and hereby authorize said mortgagee or its agent., at its option, upon default,.. to take charge of said property and
<br />collect all rents. and income therefrom and: apply the. same to the payment of interest, principal, insurance premiums, taxes,
<br />assessments, repairs or improvements necessary to keep said propertJ in tenantable condition, or to other charges or Pay-.
<br />ments provided for. herein or in the Hate hereby secured. This rent assignment shall: continue. in force unlit the unpaid ,bal-
<br />ance of said note is fully paid- The. taking of possession hereunder shalt in mo manner prevent or retard said mortgagee in
<br />the collection of said sums by foreclosure or otherwise.
<br />'9Qhetirer said. debt becomes due fay lapse of time, or by reason of the failure of the party of the first. part to comply
<br />,f with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />shall have the. right to begin the foreclosure of this mortgage at once on the whole debt. hereby secured, and to inetude
<br />therein. all. taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />e8si8ns, may foreclose Doty as to the sum past due, without in3ury to this mortgage, ar the displacement or imgairment
<br />of the lien thereof.
<br />And the said first party and the makers of said note, esgeciallp agree and declare that. the separate estate of each and
<br />_ ¢v¢rv nne of tiAc,m- i++rhye3ino both. that now owned and that hereafter acquired, is pledged and bound for the pa-vment of
<br />x the debt hereby secured.
<br />A,`ter Lbe tommeacement of anp suit in foceclosure the plaintiff therein shall be entitled to the immediate possession of
<br />sa4d premises xnd the appointment of a, receiver therefor, notwithstanding they nza} be the homestead of the occupant and
<br />twtw:thstanditig rho patties liable. far the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Ideceiver upon F.he produCkion of this indenture, without other evidence-
<br />The foregoing eondrRions and. agreements, all and singular, Ming fully performed, this conveyance shall be void, other-
<br />. wiac to be sad mntaia in fait force and effect.
<br />Signedtittis._ nth _.day or Febrtidr -_-p], A,~ 192._,
<br />_~_ .____` ,, r
<br />tisX X~X IIESTERN NEICHTS DE'.ELOPt4EiT CG. rt.z ~ -
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