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<br />}'. � MOR7GAGF.--�aWnge and Lonn Form-{Dlcect Crodit Pf�) 255�2 (fipedaq
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<br /> ���7�, o o�y�, MORTGI�GE
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<br /> . � SHIS 1NDEN7UftE.-mada thl �jth �ay o� r'�3y 19��by�d beMeeu � .
<br /> JERRY L. DOWNING AND 'JIRGINIA C. DOWNIi!�, husband and wife, each in his and her own
<br /> 3 right and as spous� a, tl�� other,
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<br /> o, tia l i Coimty,Ne6rmka,ai muttgagor_c'_.aad Homn Fodeml 3aringe aad Loaa Auoclatfon ol Gmnd Iil�d, {
<br /> a croipocatton oigaNzod and eslallng nndur tho lawa ot Nehzmka wSt6 Ila prindpal otflw aad pleco ol bualaem at Grand Idand.Neb�aika, � .
<br /> m marlqa9oe: . �
<br /> WITNESSETH: 7hat eafd morigagor 5 !or and in cnr.eidesatiou oi tho eum of . �
<br /> ' !. SEVEiJTEE1J THOUSFlI�D FOUR HUNDRED FI FTY FlND NO/100---------------n„llan t5 ���450.00 �
<br /> !La�acatpt ot skilch fe heroby acknowledqed,do_hy theai preaanta mortgaqe cnd warcant unto said mortqaqee, t�i uuccemora and �
<br /> ansigne,torever,all tha loilowiag deaalbed real aatate,dturriod In t6o munty of Hal I
<br /> � � and Stale oi Notrra�ka to-wl�: . $$ �
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<br /> LOT SEUEN (7), IN 81_OCK T�tJ (I0) IN GIL6ERT'S SFCGI�D ADDIT101�1 f£
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<br /> � ' £� �' TO THE CITY OF GRAD!D ISLAtdD, FIALL COUPJTY, PlEBP,ASKA. �
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<br /> t, ioqether vr�h all heatlng. iiqh�ng, aad plumbing eqWpmeat and lizturea,Sc�ludtaq�token and burnen,acreeae.awniaqe.eto�windotva $f
<br /> md doors,aad wlndow ahadee or 6linde,ueed on or in coaaectioa wi�h emd property.ahethar the samo nre now Ixated oa s¢id propertp Fi
<br /> iS or herecdter placed thercron. F�
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<br /> ' . F# TO HAVE AND TO HOLD THE SAh�,togetk+cr vrith all �d elaqular!he lenemeata.heredlt�nnU and appuztonrmcea thereunto beleaq $�
<br /> (, �iInq,o�in a¢pwiee appertainiag,forever,and wazr�t tho tiUe to the eame. Said mortgaqor 5 horoby rnvaaan�w[th nald moriqagoe T#
<br /> � S� that_�oL a�e at the doHvery Leroot,the lawlul owners ot tLo premiaen abovo rnnveyad�d described,and ���= F
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<br /> jaeized of a good and indoluaeible eamta oE Inhoritance theretn, Iree and de�ot all encumhr�cra aad�Lrst T he�—will wan�t�d � �
<br /> ' j de�and 1Le tlQe theroto lorever againnt tho daixca and damaade ol all peraons whomaoever. �
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<br /> � � PAOVIDED hLWnYS, and th3s inetrumoat 1s ezecuted and dellvured to sectire the payment o!tho wm oi �,
<br /> i �£ S[V�IJTCtId THOUSAD�D FOUR HUIJDRED F I FTY AIdD NO/100----------------nav�a �s 17.450.00 , #
<br /> r � wllh Inleceat iheroon, togother with such chaxges and advances aa may be duo and payablo to said mortgagee mder the terau �d r
<br /> � i condittom ot tho piomiasory note o! even 3ate herewith and eenued hereoq,ezecvted bp eaid mortqagor 5:o eaid mortgagee,payable j
<br /> ' # an expremed In said noto,and to eecuxe the pedommce of all the tarma and condftlom roalafaed the�ein. Ihe termi ot naid note are j
<br /> t. .. t hereby incarporatod hereln by thie relerence. j
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<br /> # IL ta tho inteatlon and aqreomeat of the partiee heroto that thte morigage nhall olw necure any luhue advancee mado to eaid i?
<br /> p'��' t mor�qaqar=by amd morigaqea, and any and all Indebtednosa 1n additloa to the amount above atatad whtch said modqaqau,oc aay F
<br /> � of them,may owo to nald mongagon,however ovideacad whether by aote,book accouat or otheiwiae. Thle mortgaqe aha11 romain In lull $
<br /> �, torce md eltect betwoan the partics hemto and �ha(r heue,pacaonal ropreaeatadvea, aucceeeora and canlgns, un�il all amounb sacuzad �
<br /> ��; herounder.lncludlag luture adv�ceo,are paid ia!ull with inte:est. {
<br /> .� �� The mvrtgogor�_horeby aaelg�—to eaid morlgagee all zeats aad Inmme�fataq at aay aad afl 6mea l�om eaid proporty aad F
<br /> � horeby authcrize eald mortqagee or ita aqenA at Ita optton, upon dotault,to tako ch�qe o!aald property and coLloct all rents and lawme �£
<br /> �. - therolcom and apply the name to the payment of interent,principal,laeurance pmmiumi,t�e�,maeumesta, repcuxa oz improvemenb necee• ��
<br /> . eaxy to Iceap�Id propo�ty in tenanwblo condltlon,a to other chmqo�or papments provlded!or hereln or 1n the note harobp eecured Thln
<br /> ront a�atgament shn4 coatiaua in force unW the mpdd bal��e o1 eald aote is lully poid Tho taktng of poaaeealo¢k�e:eunder�ha11!n na 3
<br /> . manner provent or rolard add mortq¢gee ia the collxfloa d eaid auma hy foreclo�ure or othet�vLo. t
<br /> � ' Tha lailure ot ths mortgagee to auo:t�y o: 1V riqhte hecouador at any time ahall not ba coaetrued as a wdver o!ib dght to cixrt Ss�
<br /> 'S the stime at any loter tfine,and lo Snelet upoa�3 enlmco�trfct cnmplla¢ce wi�h aIl �he teme and provietoaa ot eaid nole �d ot thls ��
<br /> � moztgaqe. �
<br /> j U eaid morlgagor 5'ehnU cwee to be pafd to safd mortqagee the enNre amaunt due It hereunder,mid under the torms and provldon�
<br /> � �, f ol eald noto horeby securad tadudinq tumre advancoa,and anp eztemlans ar :enewale lhezrol !n accotdance with the te:ms mid pmriaiom � �
<br /> s � � thorool,m�d ll aald murtgaqor.�e`—ahall eomply wlth ail the provislon�o!�aid aote md o!thls mortqaqe,thea Iheae p:oeenb ehap ba va1d;
<br /> �� otherwLe lo temata ia full lorce and eltoc6 md satd mortgaqoo�hall be euNtled lo the poueuto¢at alt of aafd propetty.�d may,at Iti
<br /> � option,dedare the whole o3 eaid note and all Sndebtedaea�repreisnted therebp to be lmmedlately due aad papa6ls,and may loreclose this $
<br /> ( � i mo�lgage or taka any other leqal actloa to protoct lu dght, and trom the dats ol�veh detault all Itemn ot lndebtedneai eecured herehq f �
<br /> �= eha0 d:aw laterest at 9°5 por anaum. Appraisement wdved 3 , s�'+� �
<br /> ' � ${ This mortqage ahalt be bindlaq upon aad�hall mure to Ih� b�neHl ot Ihe hein,exeeut�m.admluiatratore.�uaeawr��d aselqas d j N ', �
<br /> SS Iho reepect(ve partle�hereto. � � �' "
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<br /> } IN WI7NFS5 Wf�REOP, aafd Mortqagot S� �a�8 hereunto �et the i r .,��_�yo day and yoaz lint a6ova d �
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<br />� � Jerry L". or�ning <� - Uirginia l,. L'o�n�nirq� � -
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