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<br /> . ' ' -'• '�$+ 002680 OPEIJ END NqRTGAGE
<br /> and r5 wp r.}'.�qt 9R�ras
<br /> GERALD L. HEHNKE NJD CHARLENE A. HEHNKE, husband and wifie, each in his�et���ri �aY�etl `Fh�
<br /> t��:.rty-ar�...r x:�c?hor ..na or r�re, i n ccr,�i derat i�n c� TFI I��TY I:: ;Ata�; a�t„ ivnj i ni�----------
<br /> ' ^ -_pollars loaned toTsaid Nbrtgagor, does mortgage
<br /> y to HOME FEDERAL SAVi�i65 AND LOAiV ASSOCIATION, its successors and assigns, the toliowing �
<br /> ! described real estate in HALL County, Nebraska: PART OF THE NORTHEAST pUARTER OF THE
<br /> , . NORTHEAS? QUARTER (IJE�NEu) WENTY ONE (21) IN TOWNSHIP ELEVEN (II), NORTH, RANGE
<br /> NINE C9) WEST OF THE SIXTH P.M. MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-W�T: COMMENCING AT A
<br /> POINT ON THE SOUTHERLY BOUNDARY LIP�E OF OKLAHOMA AVENUE, I�J THE CITY OF GRAND ISLAPJD, NEBRASKA,
<br /> WHICFt POiNT IS 66 FEET SOUTHWESTERLY OF THE INTERSECTION OF THE t•�ESTERIY SOUNDARY LINE OF
<br /> "� CLARK STREET, IiJ SAID CITY, W�TH THE SOUTHERLY BOUNDARY LINE OF SAID OKLAHOMA AVENUE, THENCE
<br /> CO�JTINUING IN A SOUTHWESTERLY DIRECTIOFJ ALONG AND UPON THE SOUTHERLY BOU^JDARY LiNE OF OKLAHOMA
<br /> r AVENUE, FOR A DISTAiJCE OF 66 FEET, THENCE RUNNING IN A SOUTHEASTERLY DIRECTION, PARALLEL WITH THE"'
<br /> � WESTERLY LINE OF CLARK STREET, FOR A DISTANCE OF 130.6 FEET, �40RE OR LESS, TO THE PJORTHERLY
<br /> BOUJCARY LINE OF THE C.B_ 8 Q.R.R. BELT LINE RIGHT OF WAY, RUt4NING THENCE IN A NORTHEASTERLY
<br /> D1REC710tJ, ALONG A;�D UPON SAlD R.R. R1GHT DF WAY, AND PAF2R�LEl WITH THE SOlJTHER�Y LINE OF
<br /> -0KLAHOMA AVENUE, FOR A DISTANCE OF 66 FEET, RUNNING THENCE IN A �JORTHWESTERLY DIRECTION, PARALLEL
<br /> WITH THE WESTERLY LIPJE OF CLARK STREET, FOR A DISTANCE OF 130.6 FEET, D40RE OR LESS, TO THE
<br /> PU9CE OF BEG I Nid i f�G.
<br /> and all easements and appurtenances together with all buildings, improvements, fixtures
<br /> or appurtenances now or hereafter erected thereon, including all apparatus, eGuipment,
<br /> fixtures or articles, whether in single units or centrally controtled, used to suppiy
<br /> heat, gas, air-conditioning, water, light, power, retrigeration, ventilation or other
<br /> services, and any other thing now or hereafter therein or thereon, the furnishing of
<br /> which by lessors to lessees tor an unfurnished building similar to the one now or here-
<br /> ` i after on said premises is customary or appropriate, inciuding, but not limited to� screens,
<br /> window shades, storm doors and windows, carpeting and other floor coverings, screen doors,
<br /> x awnings, built-in dishwashers, stoves, refrigerators, and water heaters and ali renewals
<br /> 'i or replacements thereof (all of which are intended to be and are hereby declared to be a
<br /> :{�art of said real estate whether physically attached thereto or not.) The Association
<br /> is hereby subrogated to the rights of all mortgagees, lienholders and owners paid off by �
<br /> the proceeds of the loan hereby secured. � '
<br /> TO HAVE ANO TO HOL� the said property, with said buildings, improvements, fixtures,
<br /> appurtenances, apparatus and equipment, unto said Association, its successors and assigns�
<br /> forever.
<br /> iMortgagor hereby covenants with said Association, its successors and assigns, that
<br /> � Mortgagor is lawful�y seized of said premises, that they are free of encumbrances, and
<br /> ' that Mortgagor will fiorever warrant and defend the title to said premises against the y
<br /> f lawful claims of all persons whomsoever.
<br /> THIS MORTGAGE IS �IVEN TO SECURE: ( i) The payment of a Note exacuted by Mortgagor
<br /> f tc �-he Association beariny even date herewith in tn,� principai sum as set fo�th ab�ve.
<br /> wh i�h i::ote, pr i r:c i oz i and i nterest, i s payab l e i n mo�ith i y i nsta I I rc�nts aCCord i nci �to i ts
<br /> terrt:s, with a finai maturity, unless sooner paid, on the Ist day of Julv
<br /> I998 The holder nereof shall have the option to accelerate the maturity of the note
<br /> for which this mortgage is given as security, at any time atter thc lOth Ioan
<br /> year after first giving the undersigned or the then owner of the premises described herein
<br /> a written notice three months in advance ot its intent to do so. Any prepayment of
<br /> j principal made by virtue of the exercise of this option sha� l be without prepayment
<br /> ;� premium. (2) Any additional advances made by the Association to Mortgagor, or Nbrtgagor's
<br /> successors in title, for any purpose, at the option of the Association, at any time before
<br /> the release and cancellation of this Nbrtgage, but at no time shali this Nfortgage secure ,
<br /> advances on account of said original note and such additional •edvances in a sum in excess
<br /> :' of jHIRTY SIX THOUSA�D AND VO/100-----------------------------�� lars; provided that nothing
<br /> herein contained sha� l be considered as limiting the amount that shall be secu�ed hereby
<br /> when advanced to protect the security or in accordance with covenants contained in this
<br /> :�iortgage.
<br /> Provided, nevertheless, these presents are upon the following conditions: that whereas,
<br /> the said Nbrtgagor is a member of said Association, has executed a note in writing to said
<br /> Association to repay sum of money, with interest, in payments as set torth in said
<br /> idote, arid any and al � additional advances, with interest, and has agreed to abide by the
<br /> C;onsfiitution and By-Laws of said Association, and rutes and regulations adopted by its
<br /> ' Board of Directors; and agreed and do hereby agree:
<br /> ' 1. To pay the indebtedness hereby secured promptly and in full compiiance with the
<br /> ; terms ot the aforesaid Promissory Note and any other notes or agreements tor additional t
<br /> advances as provided hereln and of this Nbrtgage and further agrees that at the sole optio� ,�,..
<br /> iot Mortgagee the time of payment of the indebtedness hereby secured, or any portion there-
<br /> � of, may be extended or renewed, antl any portio� of the premises herein described may, �
<br /> ��. without not1ce, be released fi rom the lien hereof without releasing or affecti�g the personal 1 ^
<br /> t'` �ia6ili'ty of the Nbrtgagor herein;for the payment of said indebtedness then remaining � `
<br /> p;'. unpeid, and not change'in the ownership of safd premises shatl release, reduce or otherwise �: -
<br /> affect any such'persona'i iiability or the Iten hereby created. t� ,,:�;
<br /> " ' 2. 'Undersigned reserves the righfi to p repay this note in whole or in part on a�y ' ���'
<br /> ' installment payme�t date prior to 5 years from the dafie hereof by the payment of all "�"'" '
<br /> ' accrued interest to *he date of such prepayment together with a prepayment fee equal in
<br /> amount to ISO days i�terest on the amount so prepaid; and lf prepaid after such date there
<br /> shaJl be no prepayment fee. The prepayment tee so charged shall not exceed the maximum
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