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<br /> h1IpLpND BUILpER'S INC. ' � . < °
<br /> � � _
<br /> , � .
<br /> • HALL and State of NEBRASKA �re��r cailed the parry of[he first part, in .• . ' -
<br />. of the Co�nty of � . -
<br /> �
<br />=� --------------'IIOLII�RS.
<br /> ----------------- •
<br /> `` ' considernaunof ONE HUNORED THOUSAND AND NO/I�O--------- � � .
<br /> _ - �,: - .-_ -�-- '.,
<br /> in hand paid.do hereby gtan� bazgain,sell and convey unto the Home Federat Savings&I.oan Assaciation of Grand Island, Grand Island. . • ,n F
<br /> � HALL � -
<br /> Nebraska.aad its saccessors and assigns.the foIIowin$real estate.simared in ' - :��
<br /> , N�BRASKA � _���
<br /> Couflry.State ot ,towit: . ; .
<br /> � . . . :4„�..
<br /> ' • _. ., .,���::_
<br /> SUITE NINE (9). FAIRIilAY ESTATES CONDOi�INIU�I ?ROPERTY REGII�'IE III, IN THE CITY OF � _, ...�,.
<br /> ' GRAND ISLAND, HpLL COUNTY, NEBRASKA ,� '��"`�-
<br /> .. .� - -__�
<br /> , � �'��
<br /> , . Together with all the appurtenances thereunto belonging.and atl covenants in all the title deeds ntt►ning with said real estate.and all the rents.icsues .' -�s__
<br /> and profits arising therefrom aftet default fln perfom�actce of any covenaa[or con�i6on herein conreiaed:and warrauu the 6Ue thereto perfect and j��'�,_.:��..°-
<br /> , - clear eacept for this mortgage. -�:_.��'�
<br />. D�ring the tut�e this mortgage is in force the mortgagors agree: ,.. ,
<br /> ',, Pirst. To pay all taaes and special assessmentslevied agaiast said pre�ises.irscluding a]i taxes and assessments tevied upon this mongage, ,...,.,�.
<br /> . a� •
<br /> or che debtsecured Dy tbi�mortgage. � � �_
<br /> Sscond. To keEp all build'u�ga diereon iasured a8aiasc�oss by fue.1's nsur�ble v al esome company.�r�he be�fit of the said '��� ��
<br /> th -r�.' � ,.�
<br /> Home Federal eavings&Loan Associadon of Gtand Island in the sum of 3_ ;,3( .
<br /> . AssociaHon,aad its successors or asslgns:and to deposit said policies wicb said Associa�an.and shall not commit or suffer ury waste on said
<br /> ��:
<br /> premises.utd sha11 put and keep saId real estate buildings and improvements ia�ood ordet;- . ������o�or assigns,the sum
<br /> Third. To pay or cause w be paid w the Homs Federai Saviags&L.o�Ass����1 •. .--:
<br /> ,�: .,�.
<br /> • � --------------------------------'DOI]�1RS. i�f� '. �
<br /> ' snmof$ �NE HUNDRED THOUSAND AND NO/100------------
<br /> �
<br /> payable as follows:
<br /> - �� .•,
<br /> � $100,�OQ.�O OUE QCT06ER 1. 1997 =
<br /> ,; - ;.
<br /> � with interest thereon payabte,uccotdin8 w ihe tenor and effect of the ne rtain first m�:sgage note of said mottgagorn.bearing eti+en date with „ ---
<br /> these presents. After tnawrity said bond draws interest at the rate o�������nt per a�um. - �
<br />. • If said taxes and assessments are,not pzid when due,or if the buildings on said premises ace nnt ituvred as ai�ve provided.or if any .�e
<br /> of said interest is not paid w en due.then said whale dobt shall bewme due immediately.z2 the opuon of the said Assaciadon,and shall thereafter ~� _
<br />.� draa inoerest at the rate o{�g�t D�r annum. i� �'
<br /> . The mortgagor(s)6ereby asslgn(s)w said mottyagee all rents and income arisiL,�at any and ap times from said property aad hereby r��-�-
<br /> � _,=-`.-___--
<br /> • � �uthorhe said mortgagee or its agent,at its opdoa.upon default,to take charge of said properry aud collecc all rents aad in�°me thereftom and ��.,=ty____�__
<br /> ' aDD1y�e�w the payment of inusest,principal,insurance pnmiums,ta�ces.assessmenrs.rePaas or impravements necessary w Iceep eaid _--�--�. _
<br /> : prop¢rcy in tenantable con�ition.or t�other ciurges or payments provided for herein or in the note hereby secured. This rent assignment shai� ° `�
<br /> "�.��;,;..
<br /> wntinnue in force un61 the unQuid balaace of said note is fhlly paW. The taicing of possession hereunciar shall in no manner prevem or retard said �;„��^�^_ -T�
<br /> �,��,•��—'. _�:,
<br /> murtyagee in the calIecction of said sums by foreclosure ar othervvisa. •-�--����-
<br /> e
<br /> � Whether said debt becomes due by t�pse of time,or by reason of the failute of the parry of che fust pan w comply with any condiHon ;,
<br /> " i�erein.the said Home Federal Savin�s&l.oan Acsoci�tion of(innd Island,the successors and assiBns.shal!have the right to begIn the foreclosure �.,,,�''�
<br /> � of this mortgage at once on Qie whole debe hersby stcured,and to tnclude therein all faxes.assessme�u,�suramce premiums and costs,paid by � •�• .•. .:.
<br /> it or them:or said Associadon,its snccessoreor assigns,may foreclose only as to the sum past due,without injury to this mongage,or the _�.�••�-a._,�,� ,„
<br /> � displacement or impairment of the lien thereof. '� �'����"`'`�
<br /> .-s:,.;s';.:-`.:._.:...�-•.:. .
<br /> pnd the said first parcy and Q�e mukers of eaid note.especiaity asrea and dxlare that tha separzte estace of each end every one of them, .- .� ..•, .�_.�•.�;
<br /> x,_.�:y�•r,.,-.
<br /> ' inciuding both that aow oymed and tbat hercaftet acquired,i9 pJedged and bound for tha paymene of the dsbs hereby secured. ,_�: _±,,.j.
<br /> � . After the eomtnencement of any suit in foraiosure�o pt�lndff Qierein stu116e endtled to ihe imm°diate possession of sald prem3ses and ,.� ,r��,,;,�,y .
<br /> � � the appoiatment of a rceeitier therefor,not withstandin�they may ba�ho homestead ot the occupmt and not witfistand'uig the parties liabte for the
<br /> ',� debt may ba solvent.anA the first p�tty hercMv concettw ta the sPPnintment of a Receiver upon Qie pruductiun uf�his indenture,without oihet
<br /> evidence. . �
<br /> Tha foregoing conditions and agreements.ali und singutar.being it�lly pedormed,this conveyance shall be void,othecwise to be and . ,
<br /> remain in full force and effect
<br /> Signed this `� r t day of ; 1 � a '• b•� A.D., 97 : � .
<br /> � AND 8UI D S, INC.
<br /> � � , .
<br /> � Jim L. eim, President � . ' �
<br /> . -
<br /> in presence of J S.n1 L. Seim .. �
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