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<br />REAL ESTATE /VIC3RTGA.,~E 81 ~ ~, ti ~ ~ 1
<br />FRANK D GIDN unmarried ~~
<br />of ~ ~~ of- HALL and State M NEBRASKA aereinafter called the party of the heat part, is
<br />maaion ~ FIFTY THOUSAND AND Fi01100----------------------------------------- ~pLyAgg~
<br />fo baud psdd, do hereby Qaot. hargaim, sell and eaavey tmto the Home Federal Saving; dr Lan Aaaotiatioa d"Beaad TsLad.
<br />tkand laLnd, Nebradm, and lts esxcarois and asaigrui, the followWg real estate, situated r~ HA{:L
<br />may' S~ cK- NEBRASKA tw;t;
<br />LOT TWENTY~Ot:E (21) IN BLOGK TWd (2) BRENTWOOD SECOND SUBDIVISION, CITY OF GRAFlD ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />Taaether wft6 all the appurtenaraxa thereaMo belonging. and all covenants in all the tftle deeds running with said real estate,
<br />and all the ient4 iaues and proffta arising therefrom after defantt is performance of any covenant or condition herein con-
<br />tainad; and wataaaffi the title thereto perleet and clear ezeept for this mmtgage.
<br />Ihirfng the time this maatgage is in force the mortgagors agree:
<br />FYrst. To pay aII fazes and spedal assessments levied against said premises, including all taxes anti asseaameats levied
<br />apes thin mortgage, or the debt encored by this mortgage.
<br />Second To keep all buildings tlreteon insured against loss by 5re, lightning and Tornado in some company, to be ap
<br />proved by the said Rome Federal Savings & Loan Association of Grand Inland i n the sum of $? n 5 u r a b 12 V a l u E for
<br />the benefit of the aid Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />rnmmit or softer any waste on aid premises, and shall put and keep said real estate buildings and improvements in good
<br />ender.
<br />Third. To pay or sauna to 6e paid :o the Aoate Federal S:vinga & Loan Association of Grand Island, its successors or
<br />assigns, the sum of ~ FIFTY THOUSAND .AND tr'0/j_Q,Q------------------_ -------------------Bt3LLARS,
<br />payable as fa~Ilows:
<br />$50,Odd.dO DUE JUNE 1, 19€32
<br />with bttereat thereon payable, aeeordimg to the tamer and effect of the one certain first mortgag€€ ,,,,,,o,f~~f said mortgagors,
<br />6earing even date with these presents. Aster maturity acid bond draws interact at the rate ofjl~`~ cent per annum.
<br />It acid fazes sad aaeasmenta are net paid when due. or if the buildings on said premises are sot insured as above pro-
<br />vided, or H soy at said interest is not paid when due, then said~Jrg~ t shalt become due immediately, at the option of the
<br />acid Association, and shall. theceaftas• draw interest at the rate 7~ cent per annum.
<br />The mortgagor- hereby asaigm_.S to said martgagee all rents and lneome arlaing at any and all times from said
<br />property urd hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br />collect all rents and income theretram sad apply the acme to the payment of interest, principal, insurance premiums, taxes,
<br />aasessment& mpaics or iffiprovememta aeceasarg to keep aid property in tenantable condition, or to other charges or pay-
<br />meata provided far herein or in the nose hereby secured. This rem. assignment shall continue in force until the unpaid bal-
<br />ance Msaid note is Rr11y paid. Tine taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />tht ealleetion of said sums by fomloaure or otherwise.
<br />14hether said debt betwmea due bS lapse of time, or by reason of the failure of the party of the first part to comply
<br />with nay eonditioa herein, the aid Home Federal Swings 6r Loan Association of Grand Island. the successors sad assigns,
<br />shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />therein all fazes, aase~eatt, iasuramce premiums and costs, paid by it or them; or said Association, ifs successors or
<br />. may foreeiae only ss to the earn past due, without injury to this mortgage, or the diaplacemeat or impairment
<br />a{ the Tian thersoL
<br />And the said first party and the makers of said note, especlaliy agree and declaze that the sepazate estate of each and
<br />every one of them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />tie da>d hereby secmtod.
<br />ALWer fhe rwmmerrsement of any cult is foreciasure the Plaintiff therein shell be entitled to the immediate possession of
<br />ntid ps~n{st~ snd-the appointaseaL of a receiver therefor, notwithstanding-they may be the hamestead of the occupant and
<br />Aotdt the paints liable for the debt may be solvent, and the firs! party herebq consents fo the appointment of a
<br />ieprdeee` upon-the prudttetion of this indenture, without other evidence.
<br />`'Iyte tb[tg;aisp +itma sad apseemetKs.:}l and singular, being fully performed, this eanveyance shall be void, other-
<br />wfae to ew and tematn in tisil terse sad effect.
<br />~ thla. 2?th sal, ^t_ ~~` _.~. n., !s 31 -~
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<br />Fran pion ~ ~
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