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gl-o 0 4 s s 1 REAL ESTATE MORTGAGE
<br />ROBERT L. BERRY AND ELIZABETFNBERRY, husband and wife
<br />of the County of HALL and State of NEBRASKA hereinafter called the party of the first part, in
<br />SEVENTY TWO THOUSAND AND NO/100------------------------
<br />consideratioa or --COLLARS,
<br />in hand paid, do hereby grant, bazgain, sell and convey unto the Home Federal Savings & Loan Association of Grand Island,
<br />Grand Island, Nebraska, and its successors and assigns, the following real estate, situated i~ HALL
<br />County, State of NEBRASKA ,~ towit:
<br />LOT TWENTY-THREE (23), BLOCY. TWO (2), IN SOUTHERN ACRES ADDITION, AN ADDITION TO TFIE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate,
<br />and all the rents, issues and profits arising therefrom after default in performance of any covenant or condlUoa herein con-
<br />tained; and warrants the Utle thereto perfect and clear except for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. To pay all taxes and special assessments levied against said premises, including all taxes 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 tornado in same company, to be ap-
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of ~ iNC11RARl F 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 />comadt 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 />assigns, the sum of g SEVENTY TWO THOUSAND AND NO/100----------------------------------DOLLARS,
<br />payable as follows:
<br />x72,000.00 DUE September 1, 1982
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgag~~~lfsaid mortgagors,
<br />bearing even date with these presents. After maturity said bond drawn interest at the rate o 11 -per 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 />vtded, or if any of said interest is not paid when due, then said ,~vhpj, shall become due immediately, at the option of the
<br />said Association, and shall thereafter draw interest at the rate o~~f~I~FjK(~'p'e`r~~cant per annum.
<br />The mortgagor 5 hereby assign- to said mortgagee aU recta and income arising at any and all times from said
<br />property and hereby authorize said mortgagee or its agent, at Ifs option, upon default, to take charge of said property and
<br />collect ell rents and income therefrom and apply the same to the payment of tntereat, principal, insaraace premiums, taxes,
<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. This rent assignment shall continue in farce uaUl the unpaid bal•
<br />once of said note is fully paid. The taking of possession hereunder shaD in no manner prevent or retard said mortgagee in
<br />the collection of said sums by foreclosure or otherwise.
<br />Whether said debt becomes due by lapse of Ume, ar by reason of the failure of the party of the first part to Damply
<br />with any condition herein, the said Homo Federal Savings & Loan Association of Grand Island, the successors and aaal6ns,
<br />shall have the right to begin the foreclosure of this mortgage et once on the whole debt hereby secured, and to include
<br />theraln all taxes, assessments, ioauranca premiums and costs, paid by tt or khem; or said Aesoclatlon, its successors or
<br />assigns, may foreclose only an to the sum past due, without injury to khia mortgage, or the displacement or impairment
<br />of the lien thereof.
<br />Aad the said first party and the makers of said note, especially agree and declare that the separate estate et each and
<br />every one. of tbem, 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 foredosura the plaintiff therein shall be enUUed to the hnmedlate posaesafoq of
<br />said premises and the aPPOlntment of a receiver therefor, notwithstanding Choy may bo the homestead of the occupant and
<br />notwithstanding the parties liable for the debt may be solvent, and the first party bereby consents to Ute appoin4neaE of a
<br />Receiver upon the praducUoa of this indenture, without other evidence.
<br />Tha foregoing rnnditlons and agreements, all and singular, being fully performed, th[a conveyance shall ba votd, other
<br />wise to be and remain in toll force and effect.
<br />8th day ef__T Sete
<br />Signed thr• ~~,,lP 81
<br />In preseACe of •4 !y~~it- '. ~~
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