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<br />_ - ~~ ~~
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<br />=~:. }tom' ~. r `,~, "-.~, ~~.'k..,..d -.~ S.. l ~~
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<br />Third. To pay or cause tv be paid to the Grand Island Trust Company of ~
<br />-f.
<br />~ 70,000.00 a~ ~'
<br />., ~
<br />Grand Island; Nebraska, its successors or assigns, the stun o. $ ~ ,~-
<br />'~~ ti ~: Seventy Thousand and Ne/100 - - - - - " - ~OLLf1AS, ,~~
<br />~ payable as fol=lows: ~ ~.
<br />~ .,
<br />53,500.00 an January 1, 1980; 6
<br />$3,500.00 on Januan~ 1, 1981; ;+~
<br />~-, $3,500.00 on January 1, 1.982;
<br />j,.^~- .? $3,504.00 on January 1, 1983; }~i
<br />Ls._ ~- $3,,500.00 on January 1, 1984; ;`
<br />,~~~ $3,300.00 on 3anuary 1, 1485;
<br />`~--r ~~, $3,500.00 on January 1, 1986;
<br />#:` #:' $3,500.00 on January 1, 1987; F~y
<br />i~;s ~~ $3,500.00 on January 1, 1988;
<br />'" and the balance of $ '
<br />"~'~ $38,500.00 on Sanuary 1, 1989,
<br />~-,
<br />~ `` .with- interest thereon payable irannuaIly, according to the tenor and effect of the
<br />t: -" ~,F one certain first mortgage bond of said morigagars, bearing even date with these , ;
<br />presents. After maturity said tsond draws interest at the rate of eleven per cent per ~k~rs
<br />~ `
<br />~- annum. ,~5
<br />~~` ~ ". If said taxes and assessments are not paid whey. due, or if the buudings on said ~`
<br />~~ premises are not insured as above provided, or if ary of said interest is not paid when
<br />._
<br />~~ ~; due, then said whale debt shall become due immediately, at the option of the said s
<br />~" Trust Goinpany, and shall thereafter draw interest at the rate o{ eleven per cent per
<br />a
<br />~~t` annum.
<br />,~;~. Whether said debt becomes due by lapse of -time, or by reason at the failure of '~'
<br />'~ 3,f the party of the first part to comply with any condition herein, the said Grand Island j
<br />y Trust Company of Grand Leland, Nebraska, the successors and assigns, shall have the
<br />~> ~~. right to begin the foreclosure of this mortgage at once oa the whole debt hereby s°-
<br />;~s~~€ cared, and tc> include therein all taxes: assessments, insurance premiums and costs, paid
<br />~ b ;r or them; or said Trust Cam an its successors or assi s ma faredase onl as ~
<br />~_~ ~ X~~ to the sum past due, without injury to this mortgage, or the displacement or impair-
<br />Y ~~:. moot of the Len thereof.
<br />4~8~~- find the said first party and the makers of said note, band and coupons especially
<br />~, agree and declare that the separaee es~#ate of each and every oie of ~:_, ;i=u~uding
<br />'} .,;,s' bath that nocv owned and that hereafter acq=sired, Fs pledged and Fund far the pay
<br />.%'' 1 moot of the debt hereby secured- ~
<br />3 ~ ~.
<br />" s ~.,` _~ After -the commencement of any suet m taredasure the plaintiff therein shall be ` ;;
<br />entitled to tf~ Immediate possession of said premises aril the appointment of a receiver '~_,
<br />~~_:~:~ therefor, notwithstanding they may be the homestead of the occupant and notwith-
<br />~~
<br />~, sfanding the parties Lable fa, the debt maybe solvent, and the first party hereby consetsts ~~
<br />°~.,i to toe -appointment of a F~eceiver upon the pradaetion of this indenture, v~thaut ''9
<br />',~`,, _`a.~~ ether evidence.
<br />~' The foregoing conditions and agreements, all and singular, b-:rng fully performed, ~`'
<br />.:.~. this conveyance shall be void, otherwise to be and remain in full farce and effect.
<br />~~~
<br />~~~ Signed this~_~~~ day ofvDecember 11. U., 14.?~ ._
<br />«_ / s
<br />~,~c In presence of ~~~z~ ~~• '`~' S
<br />~ ~'~ ~~3~y K 0 Bri~ ,
<br />' ~~a'6 m
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