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<br /> � ���. �;�,���� REAL fSTATE MORTGAGE
<br /> RnRFRT �I �_���RFRRY-ANn,�1��17ARFTH I�_���RFRRYr hu�chan(i and wifa� aarh in his an�i hr:r nwn �� ' ��
<br /> right and as spouse of the other
<br /> � of the County of HaJ l and State of Nebcaska hereinafter called the party of the first part,in 1
<br /> ` consideraUon o�. " SEVENTY THOU5AN0 AND NOI100---------------------------------- npLLARS,
<br /> ia hand po�3, do Hereby grant,bargain, sell and coavey unto the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Ssland,Nebraska,and its successors aad assigns,the following real estate,situated+�
<br /> CountR State o* N��b ra s ka , towit:
<br /> ' � ) LOT THIRTEEN ( 13), IN BLOCK TWO <2), lN 'REPLAT OF RIVERSIDE ACRES,
<br /> ° ' AN ADDITION TO THE CITY OF GRANO ISLAND, NEBRASKA ACCORDING TO THE ,,
<br /> ; RECORDED PLAT THEREOF.
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<br /> Together with all the appurtenances thereunto belonging,and all covenants in all the title deeds running with said real estate,
<br /> � and all tLe`rents,issues and profits arising therefrom after default in performance o£ any covenant or condition herein con-
<br /> tained; and warraats the"title thereto perfect and clear except for this mortsage.
<br /> During the tirne this mortgage is in force the mortgagors agree:
<br /> � First; To pay all taxes and special assessments levied against said premtses, including all taxes and assessments levied
<br /> upoa this mortgage,or the debt secuzed by this mortgage.
<br /> Second. To keep all buildings thereon insured against loss by 8re, lightning and tornado in some company,to be ap�
<br /> i � proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of $ ��,�n� n� for
<br /> the benefit of the said Association,and its successors or assigns; and to deposit said policies with said Associatios,and shal!not
<br /> � �_ commit,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 ar cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its auccessors or
<br /> ' � assigns,the sum of $ SEVENTY THOUSAND AND NO/I 00------------------------------------DOLLARS,
<br /> paYable as follows:
<br /> � $70,000.00 DUE SEPTEMBER I, I978
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<br /> � wlth interest thereon payable,according to the 4enor and effect of the one certain first mortgage note of said mortgagors, �
<br /> bearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum.
<br /> � If said taxes and assessments are not paid when due, or it the buildings on said premises are hot insured as above pro-
<br /> vided,or if any of said interest is not paid when due,then said whole debt shall become due immediately,at the option of the �,
<br /> said Assceiation,a.nd shall themafter draw interest at the rate of nine per cent per annum.
<br /> ` � The mortgagor_5. hereby assign— to said mortgagee all rents and income arising at any and all times from said
<br /> � propertY and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said propertg and -
<br /> colIect all rents aud income therefram and apply the same to the paymenb of interest, principal, insurance premiums,taxes,
<br /> assessmeats, repuirs or improvements necessary to lceep said property in tenantabie condition, or to other charges or pay- �
<br /> � ments provided for herein or in the note hereby seeared. This rent assignment shall continue in Force until the unpaid bal-
<br /> � ance of said note is fully paid. The takin� of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> " the collection of sald sums by foreclosure or othenvise.
<br /> Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first Part to comply
<br /> � with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successoss and assigns, i�
<br /> shall have the right to begin the foreelosure of this mortgage at once on the whole debt hereby secured, and to include �
<br /> theretn all tases, sssessments, insurance premiums and costs, paid by it or them; or said Association, its successoxs or
<br /> assigns, may forerlose only as to the sum past due, without injury to this mortgage, or the duplacement or impairment
<br /> of the llen thereofi �/y�
<br /> � And the said first party and the makers of said note, especially agree and declare that the separate estate of each and �;
<br /> every one of them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br /> the debt hereby secured. �
<br /> i � After the commencement of any suit in foreclosure the plaintiff therein shali be entitled to the immediate possession of �
<br /> said premises and the appointment of a receiver therefor, aotwithstandiag they may be the homestead of the occupant and M1
<br /> � notwitLstanding the parties liable for the debt may be solvenk, and the first party hereby consents to the appointment of a �
<br /> Receiver upon the produetion of thls indenture, without other evidence. �'
<br /> t The foregoing conditions and agreements, all and singular,being fully performed,this conveyance shall be void, other ' �'�
<br /> ` wLse to be'and reaiaia ia full foree and effect, t� � `"".
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<br /> � Si@aed th'n �7 �y of A� = g 7 7 f,,' � `. 'r
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<br /> In presence of _ _
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