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~~~~ REAL ESTATE MORTGAGE
<br />S.F.A. Investments, Ltd.
<br />- of the County of HALL andState of NEBRASKA hereinafter caIIed.tbe-gatty of"-the first part, in
<br />mnsfderaHon of EIGHTY THREE THOUSAND TWO HUNDRED AND 00/100's.-------- ---------n0LL.iFL9
<br />m hand paid, do hereby grant, bargain, sell andcoavey uMo the-HomeFOderalSavinga,& Loan Aasirciationof -Grand Island,
<br />/:rend Island, Nebraska, and its sriccessots and assigns, the. following reel estate, attested in HALL
<br />County. State of NEBRASiA ~ towit:
<br />LOT TWELVE (12), COACH PLACE SU$BIVISION IN THE-CITY OF GRAND ISLAND, $EING A REPEAT
<br />OP A TRACT OF LAND LOCATED IN THE SOUTHWEST QUARTER (SW~) OF SECTION .28;- T0WNSH3P 11
<br />`NORTH, RANGE 9 WEST OF THE 6TH P, M,, HALL COUNTY, NEBRASKA CONTAINING A FRACTIONAL`
<br />PORTION OF RIVERSIDE ESTATES UNIT I AND,LOTS ONE {1) AND TWO (2) OE REGENCY $Y THE..
<br />GREEN SUBDIVISION, MORE PARTICULARLY DESCRIBED ON PLAT RECORDED AS DOCUMENT 480-000444;
<br />PLAT RECORDS OF HALL COLnVTY, NEBRASKA,
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate,
<br />and a1 the rents, issues and profits arising therefrom after default in performance of any covenant or condition-herein con--
<br />taiaed; and watTanta We title hereto perfect and cleaz except for this mortgage.
<br />During the time tbLs mortgage is in force the mortgagors agree:
<br />First To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied
<br />upon ibis mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against loss 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 g INSURABLE VALUE ,for
<br />the benefit of the said Associa&on. and its successors or assigns; and to deposit said policies with said Assoeiaflon, and shall not
<br />commit or suffer nay waste on said premises, and shall put and keep said real estate buildings and improvements in good
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br />EIG NfiY TSLREE TiK}USAND 'P.JO kiU'NDREll AND 00/l0O --------------- DOLLARS,
<br />assigns, the sum of F
<br />payals:e as follows:
<br />~ii3,Z00.00 OUE JULY l1, 19H1
<br />with internst thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors, A
<br />bearing even date with these presents. After maturity said bond draws interest zt the rate of nine par cent per annum. T
<br />if said taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br />vided, or it any o€ said interest is not paid when due, then raid whole debt shall become due immediately, at the option of the
<br />said Assa:lation, and shall thereafter draw interest at the rate of nine gar cent per annum.
<br />'Cho mortgagor--. hereby assigns- to said mortgagee aD rents and income arising at any and ail times fmm said
<br />property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br />collect all rents and 3:teomo therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to otkrer charges or pay
<br />menu provided for herein or in Ure note hereby secured. 1`his rent assignment shaD continue In fon:e until the unpaid b~l-
<br />ance u€ said notes is fully paid. Tho takitrg of possession hcrounder shalt in na manner prevent or retard said mortgagee in
<br />the eaUeetian of said sums by foreclosure or otherwise. zl
<br />WheUter said debt becomes due by lapse of time, nr by reason of lire failure of the party ut rho first part to comply --
<br />with any condition herein, the said Hanle Federal Ssvinga S Loan rlssoeiution of Grand Island, the succossors and assigns,
<br />shall have the, tight to begin the foreclosure of this nmrtga„e at once oa the whole debt hereby seLUred, and to include
<br />°
<br />the-re'~~r_ all tomes, ass~aments, insurance premiu_m_s and rests, paid by it or them; or said AsaoalaUon, its succu~ssars or -
<br />assigns, may faraclose only ns to the sum past due, without i«jury to eels rnwigaga, or the displaeemcut or impairment
<br />at the 4ea thereof.
<br />And-the said first patty and rho magerx of said note, ospecially agreo and declare that the eeperate estate ui each sn[! i
<br />- every ono of thorn, including both that now owned and that hereafter acqulmd, is Pledged and bound far the payment of _ _
<br />rho debt hornby secured,
<br />" Alter the commencement of any suit in foreclusure the plaintiff therein sl;all 6e entitled to the immediate pusaeaaion of
<br />~aa3 promf8es and rho apgnintment of a roceivex ;heretar, notwitt~tanding they may be Ure Aanxeslead of rho occupant and
<br />-notwithstanding the partfes liable for the debt may be solveok, and rho first paa:iy hereby enrsents to the appuinUnent of a -
<br />Receiver upon the production of this. indenture, without other nvidence.
<br />The foregoing conditions and agreamants, all and singular, bring fatty performed, this conveyance shalt be void, ~ther-
<br />wtao to be and remain in full force and effect i•
<br />Signed this ~.~.-._~R...r._______~_.~day of_..-~111.X
<br />In~rrsence of
<br />.!.' ~~ ~'~'`~ -.tom- C.-..LJ.€-~(~r r~~ ~ .__
<br />_.-~_ _rl._.~`____ #__ .~__---....._
<br />S,r•,r4 Inver rata s, ut~. '_
<br />4, . 4Ck.[c:n t ~t~[~e~r [n, tV (rs.(.[nl T'at.i
<br />i~`"~."--.:w:~Alpiw,r'~=s`4YF~,., 'a~Aii~A",ia;,:.diwiw.: ".:,.., ?.~'.
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