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<br />HP,LL "'EBRASKr~, i
<br />of the County of and Stste of_'" Hereinafter called the party of the Srst part, in
<br />consideration of FOURTY EIGHT THOUSAiJD AND ~dG{ 100-----------°--------------------- _T,OLLAP,S,
<br />in hand paid, do hereby grant, bargain, sell and convey nato the Home Federal Savings & Loan Association of Grand Island,
<br />Grand Island, Nebraska, and its successors sad assigns, the following real estate, situated in HALL
<br />County, State of iEBRASKA towit:
<br />LOT SIXTEEN (16) IN LE HEIGHTS FOURTH SUBDIVISION, HALL COUPvTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging, sad all covenants in all the- title deeds running with said real estate,
<br />and all tho rents, isxues sad profits arising therefrom after default in performance of any covenant or condition herein con-
<br />tained; and warrants the title thereto perfect and clear except for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. Tro pay ail ia.~es and special assessments levied against said premises, inciuaiag all taxes sad assessments %evied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against Ions by fire, lightning and tornado in some company, to be ap-
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of $ ~ nsurab 1 a va i ue fm,
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />rnmxnit or suffer any waste on said premises, and shall put and keep said real estate huildiags and improvements in good
<br />order. -
<br />Third. To pay ar cause to be paid to the Home Federal Savings & Loan As,ociation of Grand Island, its successors or
<br />assigns, the sum of $ FOURTY EIGHT THOUSAIJD A"JD iJ0/ 100--------------------------------~pLyAgS,
<br />payable as follows:
<br />148,000.00 DUE September 20, 19x0
<br />~: sus ~t~s~?E tae~eaa pad=~`slc, e~ardi~ to tl~€ Naar aid ef`aev't of the sue cr4=ra:a first ~a~~e :Y ~ ~-id ~a~~Q
<br />b~.„arine even dale with these oreseats. 4fte_r maturity said bond draws interest at the rate of p` car coat per aaa~ r1_
<br />If said taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pra~
<br />vided, ar if any of said interest is not paid when due, then said whelp debt shall become due immediately, at the option of the
<br />said Association, and shall therea#ter draw interest at the rate o !~ per cent per annum.
<br />Tho mortgagor 5 hereby assign___ to said mortgagee all rents and income arising at any sad all times from said
<br />property and hereby authorize s::id mortgagee or its agent, at its option, upon default, to take chaz•$e of said property and
<br />collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance preauums, taxes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable rnndition, or to other charges or pay-
<br />ments provided for herein or in the note hereby secured. This rent assignment shall continue in force until ilia unpaid bal<
<br />area of said note Ie Fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the colleMion 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 Home Federal Savings & Loan Association of Grand Island, the successor and assigns,
<br />i shall have the right to begin the foreclosure of this mortgage at once on the whale debt hereby secured, and to include
<br />therein aA taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />assigns, may foreclose oniv as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />t of the lien thereof.
<br />And the said fast party and the makers of said note, especially agree and declare Lhat khe separate estate of each and
<br />every-one r:°_ them. ~cladiag both that raw owned and that he.~after acquired, is pledged sad bound far the payarenL of
<br />tho debt hereby secured.
<br />After the commencement of any suit in foreclosure the plidntiff therein shall be entitled to the immediate possession of
<br />said premises and the appointment of a receiver therefor, natwiLhstaading they may be the homestead of the occupant sad
<br />notwithstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />RSCesver upon the production of this indenture, without other evidence.
<br />_ The foregoing coaditlona and agreemenda, all and singular, being fully performed, this conveyance shall be void, other-
<br />,. wise to be and remain in full #oree sad effort.
<br />Sigaedthifl 20th dayot September
<br />D., I ..
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<br />In presence of _ ~
<br />a
<br />i' ~, . ~~!
<br />Patricia D. 6ti'illiams
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