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~s-~< . ~ ~~~ ~b~ REAl. ESTATE l~®RTGAGE
<br />CHARLES E. POX AND MARY A. FOX, husband and vrife, each in his and her own right and as
<br />~~niiT ca, of thn othat'
<br />of the County of HALL and State o~BRA~KA hereinafter called the party of the first part, in
<br />FIFT'f SIX T'iOUSAND A`dD NO/IGO--------------------------------------'nOLLAAS,
<br />consideration of_
<br />ba hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings & Loan Aasodatian of Grand Island,
<br />Grand Island, Nebraska, and its successors and assigns, the following real estate, situated in HALL
<br />County, State os NEBRASKA town:
<br />L`OT FORTY FOUR (443 RAVENIiOOD SUBDIVISION, HALL COU'JTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate,
<br />and all the rents, issues-and profits arising therefrom after default is perfo~anee of any coeenaat or condition herein rnn-
<br />tained; and warrants the title thereto perfect and clear eaeept for this mortgage-
<br />Dm9ng the time this mortgage is in force Use mortgagors agree:
<br />First. To pay all lases and special assessments levied against said premises, including all tales sad assessments levied
<br />upon this mortgage, or the debt secured by thin mortgage.
<br />Second. To keep all buildings thereon insured against lass by fire, lightning and tornado in some company, to be ag-
<br />proved b9 the said Some Federal Savings & Loan Association of Grand Island in the sum of ~ i ns urab I e va I ue gor
<br />the beaefii of the acid Association, and its successors or assigns; and to deposit said policies with sP+d Association, and s!+a7a net
<br />commit or suffer anY waste on said premises, sad shall put and keep acid real estate buildings and improvements m good
<br />order.
<br />Third. To pay or cause to be paid to the Seme Federal Savings & Lawn Association of Grand Island, its successors or
<br />assigns, the sum of FIFTY SIX THCUSAdD AJC IdC~ I CG-----------------------------------IIJLLA.RS,
<br />payable as follows:
<br />$~6,G~O.Gv DUE iA,ARCH I , 19E0
<br />wires '_nterest thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors,
<br />hearing even date with these presents. After maturity said bond draws interest at the rate of e¢~r cent per annum.
<br />H said taxes and assessments are not paid when due, or if the buildings oa said premises are not insured as above pro-
<br />vided, or if any of said interest is not paid when due, then said whole debt shall become due immediately, at the option of the
<br />said Association, sad shall thereafter draw interest at the rate of nine per cent per annum.
<br />The mortgagar~ hereby assign to said mortgagee all rents and income arising at any and all times from said
<br />property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br />coAect aA rents and income therefrom and apply the same to the payment a€ interest, prln<ipal, insurance preadnms, taxes,
<br />assessments, repairs ar improvements necessary to keep said prnperty in ten::.•~§le condition, or to other charges or pay-
<br />ments provided far herein or in the note hereby secured. This rent assignment shall continue in force u~1 the unpaid bal-
<br />ance of said note is folly paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection of said sums by foreclosure or otherwise.
<br />Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply
<br />with any condition herein, the said Some Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />shalt have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, sad to include
<br />therein all taxes,- assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />assigns, may foreclose only as to the-sum past due, without injury to this mortgage, or the displacement or impairme~
<br />of the lien thereof.
<br />And the said first party and the make.-s of said note, especially agree and declare that the separate estate of each and
<br />every one of them, including both that now owned and that hereafter acquired, is pledged and booed for the payment of
<br />-the debt-hereby secured:
<br />After'-the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />said premLces and the appoi~rtment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />notwithstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of s
<br />Receiver upon the praductian of this indenture, without ether evidence.
<br />The foregoing conditions sad. s8reemsrrts, all and singular, being fully Performed, this conveyance shall be void, other-
<br />- wise to be and remain is full farce and effect.
<br />.Signed thix E nth +Inv of` Marc/h`~ . _ ~~ ~ _A. D.."18~~.7-9
<br />In presence of ` ~ ~ ~" " ` ~ ~; ~''
<br />C~~rles E.,Fox~f~;
<br />;`~R,, /{
<br />hiar . A./Fox
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