|
t-. ~~~~~~ REAL ESTATE P~I~RT~JAGE
<br />GALEN L. STERNER AND DELORES J. STERNER, husband and wife; AND CHARLES W. HASTINGS
<br />A:JfI (lAR(11 YN F NACTItuf:4 hi,shpn[i •~<
<br />of the Cognty or HALL and State of NEBRASKA ~erelaafter called the -
<br />- party of the fast part, s`n
<br />THIRTY FIVE THOUSAND AND NO/100-----------------------------~._______
<br />canaidastioa ~r ~ -
<br />^^LLASS;
<br />in hand paid, do hereby greet, bargain, salt and convey ttaLo Litz Homo Federal Savi .1 -
<br />nga & Loan Astuxiation of Grand tt.,a,--
<br />Grand Island, Nebraska, and its sutxe~ora and assigns, the SoRtaving real estate, situated to HALL ,,.
<br />Cauaty, State at NEBRASKA _..., towit:
<br />LOT TWO (2) IN 6LCCK SIY.TEEN (16) IN WEST PARK ADDITION TO THE CITY OF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA
<br />Togethee with elf the appurtenances thereunto belonging, and aIi covenants in ail the Ntle deeds runttiag with said real estate,
<br />and ail the rents, issues and profits arising therefrom after default in performance of any covenant or condition herein con-
<br />tained; and warrants the Ntle thereto perfect and clear except for this mortgage.
<br />During the Nme thfs mortgage is in force the mortgagors agree:
<br />First. To pay all lase sad special assessments levied against said premises, ineludiag all Lazes and assessments levied
<br />upon this mortgage, or the debt secured by this mortgage
<br />Second. To keep all btsitdinga thereon Ensured against loss by fits, lightning and tornado in some company, to be ap-
<br />insurahle value
<br />proved by the said Home Federal Savings & Loan Association at Grand island in the sum of R -~ for
<br />the benefit of the said AasoeiaNon, and its successors or assigns: and to deposit said policies with said Association, and shall not
<br />commit or srtffer any waste on said premises, and shall put and keep said real estate bttNdiogs and improvements in good
<br />order.
<br />Third. To pay or cause to be paid to the Aome Federal Swings & Loan Association of Grand Island, its successorn or
<br />asai>~ the sum off TH i Rl"! r I VE ! nt~G~AND aND idt)r'' "K1-°-----------------------------DOLLARS,
<br />gsyable sa follows:
<br />5~5,d0ii.G0 GUE AU~'USi I, 1981
<br />wlUr interest thereon payable, according to the tenor and effect of the one certain first morlga¢tx~~,g, of said mortgaXOrs,
<br />bearing even date with these prey®nts. After maku:sty said bond draws interest at the rate-of ~ttNSi per cent per annum.
<br />If said taxes and assessmertfa ate not paid when due, or if the buildings on said premises are no[ insured us above pre
<br />vided, ar if any of saidsnteresk is not paid when due, then said ,r ~rt shall become due immediately, at the option of the
<br />said Association, and skill thereafter draw interest at the rate o1:~ per cent per annum.
<br />The rnortgagor_a hereby assign- to raid mortgages all rents and income arising at any and all limes from said -
<br />property aqd hereby authorize said mortgagee or its agent, at ifs option, upon default, to take charge of said property and
<br />collz[:t aR rants and income therefrom sad apply the same to [he payment of interest, principal, insurance premiums, taxes,
<br />assessments, repaity or improvements necessary to keep said property in tenantable rnndition, or to order charges or pay-
<br />menkv provided for herein nr in the note hereby secured. Thla rest assignment shall continue in form until the unpaid hn]-
<br />aace of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection at said sums by foreclosure or oiherwrse.
<br />Whether said debt becomes due by lapse of time, or by reason lit the failure of the party o[ the first part to comply
<br />with any-eenditton herein, the said Home ~`ederal Savings & Luau :tssceiatimt rf (:rand island, the successors and trv.°igna,
<br />attali have khe right to begin Ghe forecluaure of this mortgage at once on the whole debt hereby serure[t, uud to include a
<br />tbero'.n all taxes, aJtaeeamenta, insurance premiums and coats, paid by it or them; or said Assacia[ioo, its suewusxura or +~
<br />assigns, may fgreClolW only as t0 the sum peat dos, without injury to this mortgage, nr the [tisplacement or impairment
<br />of tifw liar- tkel~.~
<br />And the said first party and the makers of said note, especially ogres and cioclare that the separate t~xtatc of t^ach .tnd
<br />every [me of them, including bout that now awned and that hereafter sequfrad, is pledged and hound for chi payment of
<br />the debt hereby secured.
<br />After the eamttianeemeat of any snit is foreclosure the plaintiff therein shaIl 6e entitled : unediato Irossossiun of
<br />said premises and the apppinhnent of a receiver therefor, notwithstanding they may be ibe bun. of the occupant and
<br />nottithstanding the parties liable far the debt may be solvent, and We fleet party hereby cottsenis ru the appointment of a
<br />Ros-elver neon rho production of this Indenture, without other evidonce.
<br />Tha farvgdag canditlons aqd agreements, alt aqd singular, being Italy porformsd, this cuttveya[ts:e shall be voui, other-
<br />wise to be and remain in full force and effaM.
<br />Sjgnadkhis_.__~_~._._.___-___'tn dayof~.____-._-•_tun'~,1___--.-__-_._-__A. U., IJ_..-'~ ~'
<br />.^ . ,
<br />t - ~`--x------- -~:,._ ... may.,- _........_....-------
<br />s IEfs ;Y. si nr_ ~_. _ - t~ ---- -
<br />Ct {
<br />- -
<br />x,.ar rrT". tua_.~lny, ~{ ..rt rt~_ -.r, ;~t,r -
<br />Y _ -__ ty`
<br />aMOls7.£+SZAYI.'" ir.`ki -. - .. ".,'apllNaiR:..;.s~iY~sMV+,~~=katlsro-.:..::=.i~ss„
<br />V ~ :'~aaaau <~Mtas~:':a
<br />
|