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<br /> - _ � � REAL ESTATE M�RTGAGE 92.., i'��
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<br /> — - CONSTRUCTION SECURITY AGREEI'�NT
<br /> - SPECTRUI�I GROUP � p Corporation
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<br /> _..,,.._ . __.. . . _. .. ��f�w.�wL�� fla�� � �� �. Nebraska 6nrdn�/!ar a�YaUY�Y �� ��ai�ai �q�
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<br /> �� �Eighty Four Thou�end Seven Hundred Fifty and no/1�0-------------- - „r,�
<br /> � fa haoA Pd0.do dnbf paoR bae�M1t and eonhq uoto t6�Aam�!'�d�l�ilop i�Lan A�oo�tlaa d Gsaod Llaod�
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<br /> lie�ed LL�d,N�Oa�ta.�d lts a�x�oer aat wl�ot�W�tollowl�nd�fat�.dtu�hd i� Hall
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<br /> _— ��?� Lot Seven (?). 81ock Two (2), BrentWOOd Second Subdivision in the City oP _
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<br /> =,�:::-; ��, ,� Grand Island. Hall County� Nehraska .
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<br /> --� ' "" ' TaQether with all fhe appurt�nacee�thaeurdo belon�ia�. �nd dl covenaata 1n all the tltle de�ds sandn�alth�aid resl edale,
<br /> -� .,:�,..�.. �ad �ll the sent� lu��nd Pro!!b atWn�therefrom�[ter dehult W P�orm�ua ot anY ao�e�owt oe a�ouditlaa L�rdn co�
<br /> -:i� ,r . . , tda�dc�nd wanxnb tlu tltle th�reto v��wd a1e�r euept tor this mort�a
<br /> --__ ",. �. • " Dm�in�t1u tlme tW� mort�e L In for+�+ the awitWQora�ew:
<br /> ..�;cioiU..�a;��_::.,�;�'� F)r�t. To yay�ll t�e�and spedal weameab levled a�last atd �emlra,inoW�i aII tues �nd wwm�aH 1�vUd
<br /> - --_„�.�=-- --- "m`- agpn!k!e m�igRgt.4!th�! debR e��+r,d bp!6b mort8�6s.
<br /> - == .,';.;...,' � 8econd. To i�D +�ll bufidln� thaaon i�unred +a�lust loss 6y fire� 11at►tda�wd toriudo in wm�coml�.to b� �p
<br /> :��_::....�..,.� . yroved bq!he rald Home Federal 8wvla�e&Loan Auociatlon d ar�nd Lland ln the aum oi� 84,750_00 , !or -
<br /> �� � the beneg!•oi the atd Aaod�tton,wd ib wcce�oa or wlans; �nd W d�podt�aid pollMei wlth sdd A�socl�tloa,snd�hall not
<br /> .;'=� •« �- � commlt or wtN�r �RY wut� on wid Dremiw� and aWl D�t �ad ite�P ratd s�al eshte bntldlnW and imProveme�t !n �ood
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<br /> Th1e�L To y�y or oaa�e to bo P�d to the Hom�Faderai Savlap i Lwn Moclattoa oi(irand Liand, its sa�xa�ori or
<br /> ��'• <����r ��e��� Eighty Four Thousand Seven Hu�dred Fifty and no/100------------�p�gg�
<br /> - _-��; � , ' • ' p�yabu �u tollowa:
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<br /> �: -yM...r , ;�.,�,�;,:., Due January 29. 1993
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<br /> ' wlth fntemt thereon psyable,accordlnB to the tenor and eHect o! Wa one certaln ilrat mort8a�e note�,��,¢� ortg�yorr, -
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<br /> burina even d�te wlth these prerenfa. After m�turlly sald bond Araw� interert at the rate o!AipO��l�'���r annum.
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<br />-- �t�-� If wid taxe�wd awa�menta ue not patd ahen due,or !t the buildtn�on wid premisee are not imnred�s above pro- -
<br /> " "- " � Mded,or if aay of wld lntareit!s aot peld when due.thea�atd whole dqpt��l�come due lmraedfately.at the optton of the
<br />� ,.���, . s�id A�wciatlon,aa�rhall there�iter�eaa intereit at the r�te of�flpR��' �nnum.
<br /> ,; b � The mortQaQor hereby weipn— to�aid mortgaBee all renh ond incorae arioing A� Atly aad all Nmes irom aald _
<br /> ��' • property and 6ereby auWorlse eaid mortg�gee or its agent,At ib optlon,upon detault, to Wce c6ar�e of wid prnperty �nd _
<br /> ' . .,a;�:`--, � collect all reata and lncome therefrom and aDP1Y the�eme to the p�yuseot oI lnteceat, principal, Innutance premiumr,laue�, --
<br /> • � ar�esemenb, eepairi or lmprovements necerawry to keep �ald propaty In teaanf�ble condltlon, or to other charges or pay _
<br /> ' • � • , menb provided for hereW or in the note 6ereby�ecured. Th1r rent aesignmeat�hall contlnue ln torce untll We unpald bal• _-
<br /> � u►ce oi sald aote it fuUy yaid. TLe taktnQ of poaaeeeioa hereunder thall in no manaer prevent or retud wid mort�a�ee ia --
<br /> ' ' �`. tht collectlon oi sald sums by loreclaeute or ot6erwlen. �_
<br /> Whether eaid debt becomei duo by lapse of Ume, or by reason of the [oilure ot t6e party of the ilrst part to comply =
<br /> ' wlth aay condltlon hereln, the sald Home Fede�al Savfng�& Loan Assxiatton ot (irand Ielaad, the eucceeaore and aretgne, �
<br /> � � sL�ll have the rl�h!to begin t6e foreclosure oi tdls mortge8e at once on the whole debt hereby eecured, and to include `
<br /> thereln all taxei, aa�es�mentr, ineurance premiums and coats, pald by !t or them; or BRItI AiE0C�p1I0A, its �uccea�ors or �, .
<br /> ! • aW�n�„ mqy foreclae only u to the �um paet dae, wilhout Injury to thls mortga�e, or the df�plwcement or lmpdrraent
<br /> � � oi the llen tLereof. �-
<br /> �- • Md the sald ilrst party and the makera oi eald noto,especiallq agree and declare tdat We separate eatate oi e�ch and "
<br />- ,�i;�,:;�,:,,�_-s.,-:••-;L every one of them, includln� both that r.r:w owned aad t6at 6ereaEter acqulred, ls pledged and bound for the payment ot �
<br />--,- --_-;_._ --=---v ti - tne aeos nereay�ecurea. E
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<br /> , �. �� Aiter the commencemeat of aay euit in foreclosure the plaintlti tLerela eho11 be entltled to the lmmedlate poaseasloa ot
<br /> �� '• � ' aatd premieea and We appolntmept oi a recelver thereLor, notwltl�etanding thoy may be the homestead of the occupaat and j
<br /> � • aotwlthetondln�tue parties llable for the debt mny be solvent,end the flrst party Lereby consenb to the appofntmeat oi a , f'
<br /> Iixelver upon the producNon of thla Indenture, withaut ot6er ovidence. '
<br /> •� TI►e foreyolna condltioaa and agreemente, oll and oinQular. befn� tully pertormed�tW�conveyance ehall be void,other� ,
<br /> � • wlw to be and remala tn full lorce and eftect. �
<br /> . q ., Sianea tm. 29 �,�r July p., 1e 9Z �
<br /> • SP GROUP, A Corporation ,
<br /> In prwenc� of
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