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t~etr~°:
<br />REAL ESTATE IV1taRTGAGE 81 ~ '~ ~' 2 8 ~`~ .
<br />LAVERNE B. f;IETFELDT AND PAULETTE G. NIETFELDT, husband and wife
<br />~ the County of HALL and State of NEBRASKA ~ereinaRer called the party of-the-first part`in
<br />condderatton „c THIRTY TUO THOUSAND FIVE HUNDRED AND Pd0l100------------------
<br />-----"-'fliILLARS,
<br />im hand paid, do hereby grant bargaffi, soli and convey n~o the Home Federal Savings & Loan Asatdatlon ~ Ialan@;
<br />Grand Island, Nebrasita, and its suocessors sad assigns, the followlag real estate. situated i+~ HALL
<br />County. State of tEBRASKA „town:
<br />LOT ELEVEN (11), IN BLOCK THREE (3), NORMANDY ESTATES, AN ADDITION TO THE CITY OF --
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with aU the appnrtenancea thereu~o belonging, and aIl covenants in all the title deeds running with said-real estate,
<br />sad all the rents, leases and proflta arising thernfrom after default in performance of any covenant or rnnditioa herein con-
<br />tained; and warrants the title thereto perfect and cleaz except for this mortgage.
<br />Daring the time this mortgage is in force the mortgagors apace:
<br />First To pay all taus and special assessments levied against said premises, incinding all Lazes and assessments levied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />_ Second. To keep all buildings thereon insured against lass 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 & i n5urdbl a value 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 or suffer any waste oa said premises, and shall put and keep said real estate buildings and improveme~s 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 />the ~ ~ THIRTY TLiO THOUSAND FIVE HUPiDRED At2D P:01100----------------------MyhLpgS,
<br />payable as follows:
<br />:~32,500.OC DUE JUNE 1, 15:,2
<br />with interest thereon payable, according to the tenor and effect of the one certain first wort aQe~,pp~,Nf said mortgagors,
<br />bearing even date with thane prdeata. After maturity rid bond draws interest at the rate o~IXi61~$`per cent per annum.
<br />If said taxes and assessments are sot paid when due, or if the buildings oD said Premises are not Insured as above Pro '•
<br />vided, or if say of said interest is not paid when d~~,.then said w~o~~ade t shall become due immediately, at the option of the
<br />said Association, sad shall thereafter draw interest at the rate o~ cent par annum.
<br />The mortgagors hereby assign-. to said mortgagee all rents and income arising aY any and all times from said
<br />property and hereby autbarize said mortgagee or its agent, at itn option, upon default, to take charge of said property and
<br />collect all vents and inrnme 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 rnndition, or to other charges or pay-
<br />menta provided for hrreia or in the note hereby secured. This rent assignment shall continue in Tome until the unpaid bal- ''
<br />ance of acid nde is fully paid. The ialing of possession hereunder shall in no manner preve~ or retard said mortgagee in
<br />the twlleetioa of said soma by foreclosure or otherwise.
<br />vPhether said debt becomes due try lapse of time, or by reason of the failure of the party of the first part to comply
<br />with any condition hereiq the said Home Federal Savings L!c Loan Association of Grand Island, the successors and assigns,
<br />shall have the tight to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />therein all fazes, aseesamenta, insurance premiums and cats, paid by it or them; or said Association, ire successors or
<br />anigaa, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of the lien thereof. ?
<br />And the said-first pally and the maker of said note, especially agree and declare ";-.,t the separate Mate of each and
<br />every one of them, Imluding both that now owned and that hereafter acquired, is rledged and bound for the payment of
<br />Hee debt hereby secured.
<br />Attar -the cammeaceanent of any suit in foreclcsure the plaintiff therein shall be entitled to the immediate possession of
<br />saiA prensisea and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />mtwithstandtag Lice parties liable for the debt may be solvent, and the first party hereby consents to the &Jpointment of a
<br />Heeetvet gptaa the production of this indenture, without other evidence.
<br />The t6s'ettoing conditions and agreements, all and singular, being fully performed, this cnaveyance shall be void, other-
<br />wise tm be sad remain la full Toms and effect
<br />siyasd tWa._.~_.._-_________ 3rd dam, o~___ June~_ , n., I~~
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<br />IS praes~e QA `~ FC~ LY f .l...-f ~/~.-~~.
<br />=-!F a e i e e1
<br />_~....._.~.. ....~T........._ __.._. Pau,ette G. FiieL~eTd~ --~'~'-"-""~_..__~
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