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<br />7s- _,~~~ REAL ESTATE /rAORT~AGE
<br />Gateway Reaity of Grand Island, Inc.
<br />of the County nr Hall and State of Nebraska hereinafter called the party of the first part, in
<br />toasideradon of THIRTY FOUR TiiOUSANB AND y0`100------------------------------------DOLLARS,
<br />to Land paid, do hereby Scant, bargain, sel! and trontep Hato the Home Federal Savings tt: Loan Assoiriatiaa of Grand Island,
<br />(`rand Island, Nebraska, and its sucsessars and assigns, the fallowing rnai estate, sitaated in Ha11
<br />~~~ ~~ Q{, ~y~~ra ka ~~ town:
<br />THE SOUTN^RLY SEl'ENTY TSdO A.'~TD SIl-TEh'T_HS FEET (S72.6') OF LOT THIRTY-SZIt (36), IN
<br />ANDERSON SECOh~ SUBDI~'iSION IV THE L'ITY OF GRAND ISLAiti'D, FIP.LL COUNTY, NESRASIiA,
<br />_r^~,tha,• ~h a, the mna~tea~nexwc thne~nnntn helnneinc_ and all rnrenants is alt tAe title deeds rnnn~nv ryitL said real estate,
<br />sad all the rents, lasses and profits arising thereGom alter default in performanre of any cotenant or rnadition herein rno-
<br />tained; and warrants the title thereto perfect and dear except for this mortgage.
<br />I?ntiag the time this mortgage is in force the mortgagors agree:
<br />1?Srst To pay aII fazes and special assessments Ietird against said premises, including all fazes awl assessments levied
<br />neon t$is mor*.gtt~ of the debt sermed by this mortgage.
<br />Semnd. To keep aII buildings thereon irrsared against Ions by fire, ltghtnurg and tornado in some rnmpany, to be alr
<br />penwed by the said $amie Federal Savings i& Loan Association of Gzand Island in the sum of S 34,000, OD for
<br />t~ of the sabl A~aeiation a~ its sntxessors or assigns; and to deposit said policies with said As,~xiation, and shall Had
<br />~t nr naffs anp waste on said gmn,icea and shall gut asd keep said real estate hnildings sad improremeats in goad
<br />ceder.
<br />Rid To pay or rmue to be paid to the How Federal Savings do Loan Assoei:tiara of Grand Island, its successors oz
<br />aardgac, the sum of # THIR'1'Y FOUR T3Oi1SAND AND NDi 100---------------------------------~OLLA135,
<br />p~aAle as follows
<br />$3~+,t100.00 due !dovemtiter 1, 1980.
<br />wig iahsr~ irnmeaa payable, ag to tLe ttaor and ~~ vi the ose ca :in first mo:i'sage ~e ~ said ~rtgagars,
<br />b eve date wilt throe presents Afts matnrrittp said bond draws intesrat at the me of Mine per teat per annum.
<br />If said taass sad err sot gam when dye, or if Lhe bm3diags rsst said greasiszs ate' not irfsnred as above pro-
<br />vided, trr ~ ant' t4 said interest is acd paid when due, thee said trhole debt shall became doe immediate]y, at the option of the
<br />Aasoaatiaa. sad t~sA thereafla draw interest at the me of nine per cent per annum.
<br />7Sr >S hered+p aasigst~ to said martgager aD teats and intbme arising at any and all times from said
<br />pMplrtp arx,' »p anthnize said mart~agee r13 its agem, at its optinn, upon default, to fate charge of said pmpertp sad
<br />edltKi aD reoda sad its therefrran and appllr the same to the payrnesz of intrrest, principal insurance premiums, taxes,
<br />rrpsizs of impe~oternes7as n to kerp said properly in tenantable coadittcn, or to other charges tv pap..
<br />raea4s ~ fat hetein ffi is zbc note hereby aecmect. Ttis rem aaign®eart shall cotrtiaue is farce tmt1Y the unpaid bal-
<br />aace of snot Hate is fn31p paid 14rc tsk:ztg of possea~aa hateander shall in ao manner prevent cr retard said mortgagee is
<br />the ea~aesiea td said sass ty fareclo ns oth+ersYse.
<br />1PLd3ter avid debt hem due b3 lapse of Circe, ar by reasam of the Failure of tLe party of the first part to comply
<br />with aAr eondntios herein the ssiil Home Federa! Satiags k I.oaa 4ssoaatioa of Grand Island. the sttetxesots and assigns,
<br />tali have tht right to begin 2~ forretosum of this maRt'.age at affie oa the Cabala dept hereby scarfed. end to include
<br />tlzeresn all toes, assts, fnsaraace pr~mintas and casts, paid by it ar ibem; ~ said Association, its suaeasors or
<br />atatt~rs, my ftreelove only g itr the s.,s. paw due, ¢~~z=: ina~*y w this a:ar+,.gage, r the displaeemeat or impairmeai
<br />of fix l~n tl~eof.
<br />Ami the said foal. party saai the makers ~ ~ note, ragerlallp agree anal dilate that the separate ~a[e of each and
<br />easy one of them, iarladiag both that »ow owned sad ghat berealter acquireai, is pledged and bound f~ the payment of
<br />the debt hip t+eceeed.
<br />Atficr the e~asesoemeat of aRI salt is ttwerloazue the plaintiff' therrin shaIl be eartitled to the immediate possesaiaa of
<br />atdtl sad the rig~pe$atmemR of a teeeivec therefor, s>mwithatanding they map be the ltameatead of the necnpsnt and
<br />tBe pat~a liable far the dsba maS be aaltesA. and the Ctxst party hereby consents to the appointment d s
<br />L;eceivs' the of Chia iwdeatatre, wititaaR other evidsott.
<br />Se sad agi~esds, all and singular, beln[ faAy pd'Itumed, this conveyatsce sh~j,~be^.?oid„pther-
<br />wae #s De sad teaaa4n is faH farce sad efteet. ~ ' `
<br />fr
<br />` lei eh.y c3 2iOS~')~IHER x. D.. to I9 "> :: -.'--'', , ,. ~: -,_
<br />_,jtAT'LWAY TY F - _ ST.dNpi ~'~',
<br />7a.par~eace at t1^L_j°~ ~°~~T.-°,
<br />E~: old ~eha t, mid ~>1_.'„ ;~, -
<br />~s.~ 'k%~ ,, -' -
<br />ATTEST: Oreia Azeitart, Secretaty,~
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