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<br />REAL ESTATE MORTGAGE
<br />ST 86- 101654
<br />KLMETH._ H .i L IGAS ,AND RAMNA P. HILL IGAS:_ husbanc and w `z, as equal tenants in cominc_n
<br />of the County of —_ HALL and State. of "iEgHSKA ---hereinafter called the vZrty of the first part, in
<br />cooaideration oELQN` H' 1p fIR ni I.i; ty�_ THQiiSAiVQ AlmD j M_== _ = -_ _ - - -___ - -- __- -__COLLARS,
<br />in hand paid, do hereby grant, bargain, 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 in___.HAL!_
<br />County, State or NEBRASKA —, towit:
<br />LOT T , (L) HILLIGAS SEL-OND SUBDIUISI:JN, ifJ THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />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 condition herein con-
<br />tained; and warrants the title thereto perfect and clear except for this mortgage.
<br />During the me this mortgage is in force the mortgagors agree:
<br />time ,
<br />,
<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 some company, to be ap-
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of S__ E2Si��i_d�1::1�� 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 />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 or cause to be paid to the Home Federal Savings & Loan Association of Grand Island. its successors or
<br />assigns, the sum of S Ii' r:i_R` _) ___Tw .�N nJ ;,.,,
<br />- -- --- - -- —_: -- - - -- - - -- COLLARS,
<br />payable as follows.
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgW, ptg of said mortgagors,
<br />bearing even date with these presents - After maturity said bond draws interest at the rate Of'144pr cent per annum.
<br />If said taxes and assessments are not paid when due, or if the buildings on said premises are not insured is abn a pro-
<br />vided, or if any of said interest is not paid when due, then said ' }� b Al rh�t shall become due immediately, at the option of the
<br />said Association, and s
<br />shall t
<br />R
<br />mortgagor..i 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 property and
<br />collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes
<br />as ,
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay
<br />treats provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal-
<br />anee of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection of said sums by foreclosure or otherwise.
<br />Whether s
<br />said d
<br />with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />ve the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />therein All taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />UsIM, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment
<br />of the lien thereof.
<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 om of them, including both that now owned and that hereafter acquired, s pledged and bound for the payment of
<br />the debt hereby secured.
<br />After the commencement of any, suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />mad premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />WKWithstatding the part-es liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Aeceiver upon the production of thiml indenture, without other evidence.
<br />The foregoing coaditiona and agreements. all and singular, being fully performed, this conveyance shall be void, other
<br />wise to be and remain in full force and effect.
<br />Signed thin_ o[
<br />In presence of
<br />A U
<br />_410111W:
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