|
r
<br />REAL ESTATE ilV10RT~Ai~E 5~~,:~c-os5o
<br />h11D-CONTINENT ENTERPRISES, !NC.
<br />of the County at HALL sad State nr NEBRASKA hereinafter called the party of the first pazt, fa
<br />wnaideratloa of ENE HUt~DP.ED EIC,tiT'r SE`iEN THOUSAND TtvO HIiNDRED AND NOi I00----------~f}yyggg,
<br />im hand gaid, do hereto grant, bargain, sell sad convey uaW the Home Federal Savings & Loan Association of Grand Ialaad>
<br />Grand 7siand, Nebraska, and fta suoceaeare and assigns, the following real estate, situated in HA
<br />~~ty ate „r NEBRASKA ~, town:
<br />LOT SIXTEEN (16i BRENTWOOD THIRD SUBDIYiSlO~d iN THE CITY OF ORAhiD {BLAND,
<br />HALL COUNTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging, and all covenants is all the title deeds running with said real estate,
<br />and all the rests, issues and gro&tc arising therefrom after default in performance of any rnvenant or condition herein con-
<br />tained; sad warrants the title thereto perfect and cleaz ezcept for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First To pap all taxes and special assessments levied against said premises, including aII tales and assessments levied
<br />upon this mortgage, or the debt secm~ed by this mortgage.
<br />Second. To keep all buildings thereon insured againsk loss by fire, lightning and tornado in some comgany, to be ap-
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of $ ~ r s u ra b I e va I ue for
<br />the benefit of ffie said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />commit or 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 Association of Grand Island, its successors or
<br />ONE HUNDR~C I"HTY ~E'/EN THOvSAiJD T.C ~=U'IDP~^ A;1D ?:0/100--------DpLLAItS,
<br />assigns, the sum of $~ ~ -
<br />payable as follows:
<br />$187,200,00 D'u'E FEBRUARY I, 1982
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortg~fx Hof said mortgagors,
<br />bearing even date whit these presents. After maturity said bond draws interest at the rate of per cent per annum.
<br />If acid fazes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br />vided, or H nay of said iatetffist is not paid when due, then said whol debt shall become due immediately, at Ute option of the
<br />said Association, and shall thereafter draw interest at the rate o~,~ coat gar annum.
<br />The mortgagor. hereby a~ivn to said mortgagee all rents and income arising at any sad all times from said .~
<br />property cad hereby authorize said mortgagee or its agent, a2 its option, upon default, to take charge of said property and
<br />collect ail rents and income therefrom and agpiy the same to the payment of interest, principal, insurance premiums, taxes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable rnndition, or to other charges or pay
<br />meats provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal- !?
<br />lace of said note is fags paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection ~ 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 eondiUon herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to inelade
<br />therein all fazes, assessments, losurance premi•,:.us and costs, paid by it or them; or said Association, its ~tsceessors or
<br />assigns, may foreclose only as to the sum past due, without igjury to this mortgage, or the displacement or impairment
<br />of the lien thereof.
<br />And the said. fires patsy and the makers of said note, especiall a 3
<br />y gree and declare that Ute separate-estate of each and
<br />every one of them, including boW that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the debt hereby secured.
<br />Aftes the commencement of any snit to foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />raid premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />nottvittastanding the parties Liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Receiver upon the production of this indenture, without other evidence.
<br />Tlue foregoing conditions and agreements, all and singular, being fully performed, this conveyance shall be void, other-
<br />wiPo to be sad ramaia in fail force and affect.
<br />Ssgned this.__ 9 t h
<br />~Y
<br />IR praaeace of
<br />-F.'Jr Udt-; A
<br />D.,~~l~_.___
<br />'~°"_7'_
<br />~. ., ~',
<br />
<br />t' 'V'.(.
<br />______ ~_
<br />.~~
<br />
<br />J
<br />
|