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165673
<br />AND
<br />of Me, C saty of Nat t and State of NEBRASKA hereinafter called the party of the first part, in
<br />esssiiseation of FIFTY THREE THOUSAND AND NO%100 --------------------------- ---------
<br />_ _DOLLAiStS,
<br />lu and p" do faeby Vw4 barjain, sell and exmvey unto the Home Federal Savings & Loma Association of Grand Island,
<br />ilrand 1011114 Nebraska, sad its saecessm and assigns, the following real estate, situated in HALL
<br />fib, state me NEBRASKA — towit:
<br />LOT TWO (2), BOHNART SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. I
<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 trovenant or condition herein con-
<br />tained; sad warrants the title thereto perfect and clear except for this mortgage
<br />Dating the time this mortgage is in force the mortgagors agree:
<br />First. To pay all taus 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 $ insurable value 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 f FIFTY THREE THOUSANv Ate -40 /100------ -- -- -- -- - - --
<br />-------------- DOLLARS,
<br />payable as follows:
<br />$53,000.00 DUE OCTOBER 1, 1987
<br />arlth i>tterestthereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors,
<br />herring 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 if the buildings on said premises are not insured as above pro-
<br />vided, or if my of said interest is not paid when due, then said shall become due immediately, at the option of the
<br />said Aasaciaties, said shall thereafter draw interest at the rate o cent per annum.
<br />The wartgager S hereby as gn to said mortgagee all rents and income arising at any and all times from said
<br />Property and hereby autborise said mortgagee or its agent, at its option, upon default to take charge of said property and
<br />exiled all rests and income therefrom and apply the same to the payment of interest, principal. insurance premiums, taxes,
<br />tenements, repairs or improvements necessary to keep said property in tenantable condition, or to either charges or pay -
<br />nawela provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal•
<br />mee of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the ce4ectim of said sums by foreclosure or otherwise.
<br />1/iethre 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 successors and assigns.,
<br />shell have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />Marvin ail taxes, asses aients, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />assfew aw foreclose oaty as to the sum pad due, without injury to this mortgage, or the displacement or impairment
<br />of Use lien thereof.
<br />Aar tie said first party and the makers of said note, especially agree and declare that the separate estate of each and
<br />every cant of tbtm, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />lire dell hereby sued.
<br />Aftet the eoaanencament of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />said parmiws sad tie appotabnest of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />sett the psrUes Bahl* for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Ytolaetvrr wpm xis production of this isdeature, without other evidence.
<br />TM SKAI*sg eoadtOms sad ageements, all sad singular, being fully performed, this conveyance shall be void, other-
<br />wise to be ant remais is tali force and allut.
<br />$sisad ties —_ 1Dt�' __-day oL.._,.
<br />In prans" of
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