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~~- ~ ~ ~ ~ ~ ~ REAL ESTATE MORTGAGE
<br />GREGORY D. tfEHRRJG AND ?~tARLA i?. P+'~EHRING, husSand and ,vice
<br />of the f;ounty of. HALL and State of NEBRASKA aereinatter called the Party of the first part, ih
<br />consideration of FOURTY FIVE THOUSAND AND NOJ 100------------------------------------
<br />DOLLARS,
<br />in band paid, do hereby grant, bargain, sell and convey tmto the Home Federal Savings & Loan Assodal3an of Grand island;
<br />Grand Island, Nebraska, sad its successors and assigns, the following real estate. situated la HALL'
<br />Cotmty, State of NEBRASKA „~ towit:
<br />LOT SEVENTEEN (17) IN BLOCK TWO (2) iPl SOUTHERN ACRES ADDITION TO THE CITY OF
<br />GRAND ISLAND, HA1_L COUNTY, ttlEBRASK„4.
<br />Together with all the appurtenances thereunto belonging, sad all covenants in all the title deeds ranning with said real estate,
<br />and all the rents, issues and 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 is force the mortgagors agree:
<br />First To pay all fazes and special assessments levied against said premises, including all fazes and assessments levied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against loss by fire, lightning and toreado in some company, to be ap•
<br />grovel by the said Home Federal Savings & Loan Association of Grand Island in the sum of S i nsu r h I ~? I ~a „for
<br />the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />commit ar suffer any 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 Associat~~n of Grand Island, its successors or
<br />assigns, the sum of ~ rr"OURTY 'r I VE THOUSAND AND NG! 100-------------------------------DGLLARS,
<br />payable as follows:
<br />.547,000-dui ~i iF :~?CY-CBt..r~ I Iggi
<br /> with interest !hereon payable, according to the tenor and effect of the one certain first mortgage .no, of said mortgagors,
<br />1+, bearing even date wiflt these presents, After maturity said bond draws interest at the rate of"~pe~} cent per annum. _
<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 if any of said interest is not paid when due, then said ~v#ip}~,~e~t shall become due immediately, at the option of the
<br />a. said Association, and shall thereafter draw interest at the rate oY~oSii ~ae`c` per cent per annum. ^~
<br /> The mortgagor S hereby assign- to said mortgagee all rents and Income arising at any and n^ times from said f
<br /> property sad hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br /> collect all mots and income lherefrom and apply the same to tfie payment of interest, principal. irsttrance premiams, k~zes,
<br /> assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay-
<br /> ments provided for herein or in the note hereby secured. T61s rent assignment shall continuo in force until the unpaid bal-
<br /> an~e of said note is fully paid. The taking of pacession hereunder shall in no manner prevent or retard said mortgagee in
<br />_ the coileMioa of said sums by foreclosure or otherxise.
<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 Graud Island, the successors and assigns,
<br /> shall have the right tc begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br /> therein all taxes, assessments, insurance gremituns and costs, paid by it or them; or said .9ssociation, its successsms or
<br />_
<br />~ s9aiggs, may fprecioae only as to the sum past due, without injury to this mortgage, or the di€placemeut or impairsneni '
<br />-- of the iron thereof.
<br /> And the said first party and the makers of said note, especiaLy agree and declare that ttre separate estate of each and
<br />-
<br />- every one of them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />,.. the debt hereby secured..
<br /> After the commencement of any suit in foreclosure the plaintiff tberein sbnll be entiCled to the immediate possession of
<br />said-premises and the appointtent of a receiver therefor, notwitlstanding they may' be the homestead u{ the occupant and
<br />__ notwithstanding the parties liable for the debt may be solvent, and the first party hereby convents to the appointment of a
<br /> Receiver upon tin gtoduciion of this indenture, without other evidence.
<br /> The toregotng conditions acrd agreements, at! and singular, being fully performed, this cwrvepance slral.i be void, ocher-
<br /> wine to- be and remain is full force and effect.
<br /> ?_5th
<br />Signed ilris.__-: ....._.~_day of 'E4, tcrrtiar .___.__, A. U
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