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<br />Grand Island, Nebraska, its successors or assigns, the sum of $ 4,000.00
<br />Four Thous and and No/100----------------- DOLLARS,
<br />payable as follows:
<br />$2,000.00 on April 1, 1980;
<br />$2,000.00 on April 1, 19fi1,
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<br />with interest thzredon payable annually, accord+_-•g to the tenor and effect of the
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<br />one certain fii~ mortgage bond of said mortgagors, bearing even date with these ,~;
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<br />presents. After maturity said bond draws interest at .the rate of eleven per cent per ~
<br />annum.
<br />If said taxes and assessments are not paid when due, or if the buildings on said ,
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<br />r,mises are not insured as above rovided, or if an of said interest is not aid when
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<br />due, then said whole debt shall become due immediately, at the option of the said
<br />Trust Company, and shall thereafter draw interest at the rate of eleven per Cent per ~ ~,
<br />annum.
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<br />Whether said debt becomes due by lapse of tome, or by reason of the failure of y~;
<br />the party of the first pare to comply with any condition herein, the said Grand Island ~(
<br />Trust Company of Grand Island, Nebraska, the successors and assigns, shall have the .~ _:: :'.
<br />right to begin the foreclosure of this mortgage at once on the whole debt hereby ~-
<br />cured, and to include therein au taxes, assessments, insurance premiums and costs, paid
<br />by it or them; or said Trust Company, !is successors or assigns, may fareclase only as` ~
<br />to the sum past due, without injury to this mortgage, or the displacement or impair
<br />ment of the lien thereof. `" ~ ~'%
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<br />Rnd the said first party and the makea of said note, bond and coupons espedally ,
<br />agree and declare that the separate estate of each and every one of them, including ~+~ `:~;
<br />both that now owned and t}zat hereafter acquired, is pledged and bound for the pay- ~ "~' "
<br />ment of the debt hereby secured. ~ -
<br />After the commP.ncement of any suit in foreclosure the plaintiff therein shall be ~ ,~ " \''
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<br />entitled to the immediate possession of said premises and the appointment of a receiver ~ ~ ~
<br />therefor, notwit,standing they may be the homestead of the occupant and notwith- ~~~-<..i
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<br />standing the parties liable for the debt may be solvent, and the first party hereby consents .~ f sf)
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<br />to the app^!ntmont of a Receiver upon the production of this indenture, without ~~`E_. ,
<br />ether evidence. ~~, ~ ~ ~~
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<br />Tre forzgoing conditions and agreem~-nts, au and singular, being fully p<rformzd, 7 _
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<br />this conveyance shall be void, otherwise to bC and remain in fuIl force and effect. ~~ - `'
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<br />Signed this_-~--- day of_July -------A. D., 19 79 ~ i
<br />In presence of ti ~ k`_=-~~ _ i
<br />Donnie I . 0 Br: en ~'~ ~; ,
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<br />Third. To pay or cause to be paid to the Grand Island Trust Company of ~= I-
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