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<br />_GARY D. LUHN AND NETA J LUHN husband and wife. each in his and her own right and as
<br />spouse of the other
<br />of fife Couatp of hail _ .p.~ and Stets of Nebraska__ h_reiTMaft_cr cal.`: the
<br />_ Party of the fiat part, is
<br />consideration at EIGHTEEN THOUSAND FOUR HUNDRED AND NO/IQO--------------
<br />... ----- --- - flOLLARS,
<br />in hood paid,. do sereby grant, bargain, self and ooavey unto khe Homo. Feder:lP Savings ~ Loan Assodation of Grand island,
<br />Grand island, Nebraska; and its ~uors and assigns, the following coat estate, situated in Hail
<br />Caun#y, Skate +~ Nebraska ,_.., tawit:
<br />Tzic~ eii)'iciH ~iv~-ciALF (N~} of LQTS FOUR (4}, FIVE <5}, AND 3IX (6} IN BL(ICR
<br />TidO (2} IN THE FIRST ADDITION TO WOOD RIVER, HALL COUNT:, NEBRASKA.
<br />Togethor with all flee appurtenances tsereaztto belonging, and all covenants in atl the title deeds running with said seal estate,
<br />and: all the rents, issues and FroAta at3sing therefrom after defaulE in performance of any covenant or candition harem coa-
<br />tainetl; and warranffi the title thereto perfect and clear except for this mortgage.
<br />P)uring the time this mortgage is In force the mortgagors agree:
<br />Fit~st. To gay all taxes and specssP assessmeaffi Pevied against said premisar, including aII taxes and assessments Pevied
<br />ugan ties mortgage, or the debt secured by ties mortgage.
<br />Second. Ta keep all buildings Usereoa insured against loss by fire, lightni~a sad tornado in some mmgany, to be np
<br />proved by the said Home Federal Savings & Loan .Association ~ Grand Island in the ruin of $ 18.400.00 ,for
<br />the benefit at the said Association, and its successors or assigns; and to deposit said policies with said Association. and shaPP not
<br />commit or suffer anp waste on said premises: sad shall put and keep said real estate buildings and improvements in -good
<br />order.
<br />Third. To gap or cause to be paid to the home Federal Savings & Loan Association of Grand Island, if» smen~av s or
<br />a~igass, fife sum Of ry EZGHir".ISN TiivU$AIlD FvUR H'u"tiiiiR~ Aivu iv'v/' "n i)ULLARS,
<br />ivv----_'----------------"
<br />payable as follows:
<br />$613.33 plus interest due beginning May 1, 1979 and semiannually November I, I979
<br />and each May 1 and November I thereafter until lean is paid in full.
<br />with interest thereon payable, according to the tenor and effect of the one certain filet mortgage note of said iaortge~ars,
<br />bearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent pea annum.
<br />If said Lases and assessments are not paid when due, or if the buildings an said premises are not insured as above pro-
<br />vided, ur if any of said interesk is not paid when due, then said whale debt shall became duo immediately, at the op~on of the
<br />said Assodatiou, and shall thereafter draw interest at the rate of sine per teat per annum.
<br />Tlie mortgagors hereby assign- to said mortgagee all rests and income arising at say and all times from said
<br />property sad hereby authorize said mortgagee ar its agent, at its option, agoa default, to take charge of said property sad
<br />elect alt swaffi and in^ame therefrom sad apply the same to the pay~eat of merest, principal, insurance greminma, tales,
<br />assessments, repairs or iaipsavemeats aece..~ary to keep said prnpertp in tenantable condition, or to other charges ar pap.
<br />meats prnvided for heroin or in the note sereby secured. -This rent : assignment shall cantinas is force inzkiP the unpaid baP-
<br />anee of said note is fuilp paid. Tice taking cf possession hereunder shall in no manner prevent ar retard said mar`cgagee m
<br />We aollectioa of said sums by foreclosure or otherwise.
<br />Fdh2tser sold debt becomes due Hy Lapse of time, ar by reason of file failure of the party of fire first gait to eamgay
<br />with osy caaditieii herein, the said Haine FedaraP Savings ~: Loan Aasaciatiaa of Grand Islam, the successors and saeigns,
<br />shalt have the right to begin the faroelasure of this mart6a~2 at once on the pbole debt hereby.aeciu,ed, and- to;nchide
<br />therein a}P tries, assessments, insurance premiums and costs, paid by it or them; or said As.ociation, its successors or
<br />assigns. may fa=~eelose oniv as to -the snm past due, without injure to this mortgage, or the displacement ar impairment
<br />of the Tien thereof.
<br />And the said #"ita'C party and the makers of said Hate, esperielly agree sad declare that the separ=t~e estate of ate
<br />-every oiie of them, 3iiolsiding- baits that saw awned and that hereafter acquired; is pledged and bound for the payment oP
<br />-rise debt hereby seeurod.
<br />Ater the eommeacemenf- of any suit in faraeIosure the glaiataff therein sba1P be entitled to the immediate gossessiaa sf -
<br />said~rretnisea and the appointment of a receiver tb~sefar,.a~+twithstanding tltep may ba the homestead ~-rho occupant atcd
<br />natwithataad3ng kite patties liable far the debk-may be salient, -and -rho ffrat-party hereby cotisenEs to the agpoliifinent.of a
<br />Ivy upon Gee pi~ductioa of this irideature; without rather evidence.
<br />~"he ~ t~nditioss sad agshemeata; ail and singular, being fnllp pertorntad, this conveyance shell bo void, othea
<br />vriae tb be sad reirealn is full fosse and: effect.
<br />$li~r~l ht;.~ 19Ch deY a,~ Dece}aber: _ 7$
<br />__A. II., 3~_,
<br />1n pt~euce of -~ ~ ~f ~-.~>
<br />Ga uhn
<br />Ne to J. Lu
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