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.� APPL# OQ1-7Q343006 L ' ' . , -_ - '.�
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<br /> � THOi9�S D HO[�iBAIIM AND PAMELA &OHNHRIIM. HIISSAND AND WIFB � 4 . _ �y
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<br /> • 'i of txe County of �L and State of ���' hereinafter cailed the parcy of the first part. in � � '
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<br /> ; DOILARS. � . -
<br /> � consid�rationof S�TY T$�IISAND AND NO/100 '
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<br /> � in hand paid, do hereby grant, bargain, selS and convey ante the Home Federai Savings 8c Loan Association of Grand dsland, Grand Island. E _ '.
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<br /> . Nebraska.and its successors and assigns.the fopowing real estate.situated in �`i' t
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<br /> � Counry.State of NRBRASRA ,towit: ; ' ' ,
<br /> LOT TWO (2). JSFFREY OAECS FIPTH SIIBDTVISZON IN THE CITY OF GRAND � ' - .
<br /> . . ' ISLF�ID. HALI+ COUNTY, iv�esTw.ii�e�. �. - ----_, _- . —
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<br /> . � in all the title deeds running witb said reat es[ate.and all the rents.issues ,. . � � ;.'
<br /> Together wirL aU the appurtenances thereur►ta belonging,atrJ all coveoaats . "�
<br /> and profnts arismg therefrom after defauit in performance oF any covenant or condition hecein contaiaed:and wartactcs tfie dde thereto perfect aad . . _
<br /> � ctear except for this mortgage. ' . , ._ •'y`.�
<br /> , Durmg the time this mortgage u in force the mortgagors agcee: �__
<br /> Frst. To pay all ta�ces and special assessments tevied against said premises.utcluding all taxes aud assessrnents levied upon this mortgage. ". .'w=--
<br /> or the debt secured by this mortgage. :` ' ,.`'
<br /> Second. To keep atl buildings thereon insured against loss by fae,1'sgfiming and tomado in some company,to he approved by the said t�;{�� _
<br /> 70.000.00 , far the benefit of the said �'-"""` �`�'
<br /> Home Federal savings 8c Loan Association of Grand Island'm the surc of S '-. . ' "?: .,;L; � `'
<br /> Association,and its successois or assigns:and to deposit said poticies with said Associauon,and shall not commit or suffer any waste on said ,� •
<br /> , premises,and shall put and keep said real estate buildings and improvemeats in aood order. '� ���..
<br /> . . - T hir d. To Qay o r c a u s e t o be p a i d w d t e Home Federal Savin gs&Loan Association of Grand Island,its successors or assigac,the snm i : ��. � •
<br /> sum of$ SSt/SNTY THOIIS A N D A N D N O/1 0 0 D O I J I�I L S. `..� :° ;;�
<br /> payable as follows: �' '� `� � _
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<br /> � DUE: SEPTSi'�BR l, 1997 � !
<br /> with interest thareon payable.according to the tenor aad effect of the one ccrtain first mortgage note of said mortgagots,bearing even date with _ i.� ^
<br /> thhesc presentc. After mawriry said bond draws iwterest at the rate of nine per cent per annum. , 4��
<br /> If said raxes aad assessments arc,not paid when due,or if the buildings on said premises are not insured as above provide�,or if any ����
<br /> of said'mterest is not paid when due,then said whole de6t shall become due immediacetY.at the option of the sai�Associauon,and shall thereaRer '. ��:...:•-:=.��
<br /> � �. draw interest at the rate of nme per cent per annum. " �s
<br /> The mortgagor(s)hereby assiga(s)to said moctgagee ali rents and income arising ai any and all times from said property and hereby • ��'''�.'
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<br /> authorae said mortgagee or its agent,at its option,upon defaul�to take charge of said properiy and collect all rent�and income therefrom and - . ��.;::
<br /> aFP�Y the same to the payment of interest,prQtcipal. insurance premiums.taaes.assessments.reQairs ar impmvements necessary to keep said ,,�
<br /> . property in tenanta6te condition,or w other charges or payments provided for herein or in the note hereby secured. This rent assi8nment s6all __- -
<br /> � condnue in force until the unpaid balance of said note is fuliy paid. The taking of possession hereunder shall m no manner prevent or retard saul , • ;�,ti�i;.
<br /> mortgagee in the collecuon of said sums by foreclosure or otherwise. � '�,�
<br /> Whether said debt becomes due by lapse of time.or by reason of the failure of the party of the first part to wmply with any wndition
<br /> herein.the said Home Federsl Savings&Loan Association of Grand lstand.the successors and assigns,shall have the right w begin ihe foreclosure : . ,��.
<br /> of this mortgage at once on the whole debt hereby secured.and w include themm ail taaes,assessmenu,inwraace premiums and costs,paid by � .
<br /> it or them;or said Assaciation, its successors or assigns,may foreclose onty as to the sum Qass due,without injury to this mortgage,or the ,
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<br /> displacement or impairment of the lien thereof. ,� � �
<br /> Md the said first�arey and the makers of said note,especiatly agree and deciare that the separate estate of each and every one of them. .
<br /> including botb that now owned and tha[hereafter acquired,is ptedged and bound for ihe payment of the debt hereDy secured.
<br /> After the commrncement of any suit in foreclosure the plzintiff therein shall be endtled to the immrdiate possession of said premises and
<br /> the appointment of a receiver therefor,not withstand'mg they may be the homestwd of the occupant and noi withstanding the parties liable for the
<br /> debt may be sotvent.and the first party hereby consenrs to the appomtment of a b`.eceiver upor.the production of this inQenture,without other _
<br /> evidence. . '°'
<br /> The foregoing condiuons and agreements,ail and singular,being fully pP►'ormed,this conveyance shaU be void,otherwise to be and
<br /> remain in fu11 force ard effect. . • ' , �
<br /> Signed this 27Z'H day of �C��_ 1997 .A.D.. .
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<br /> � in presence of 8����
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