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MORTGAGE 20400004 �
<br /> THIS INDENTURE, aade this 17TH day of DRC'RMRRR , 19�Q_, by and between
<br /> DANNY K. OBERG AND FAITH A. OBERG
<br /> HALL
<br /> of _County,Nebraska,as mortgagor S ,and Home Federal Savings and Loan Association of Grand Island,a corporation
<br /> organized and existing under the laws of the United States of America with its principal of�ce and place of business at Grand Island, Nebraska, as
<br /> mortgagee;
<br /> W ITNESSETI-I: That said mortgagor s ,for and in consideration of the sum of THIRTY THOUSAND AND NO/100
<br /> Dollars�$ 30,000.00 �
<br /> the receipt of which is hereby acknowledged,do they by these presents mortgage and warrant unto said mortgagee,its successors and assigns,
<br /> forever,all the following described real estate,situated in the County of HALL
<br /> andStaieaf.�raska,to-wit: ... _
<br /> LOT 27, BLOCK 4, IN REPLAT OF RIVERSIDE ACRES, AN ADDITION TO THE CITY
<br /> OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> Together with all heating, air conditioning, lighting, and plumbing equipment azld fixtures, including screens, awnings, storm windows and
<br /> doors,and window shades or blinds,used on or in connection with said property,whether the same are now located on said property or hereafter
<br /> placed thereon.
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements, hereditaments and appurtenances thereunto be-
<br /> longing, or in anywise appertaining, torever, and warrant the title to the same. Said morgagor�_hereby covenant�_ with said
<br /> mortgagee that_—tk►e� , at the delivery hereof, the lawful owner.S—of the premises above conveyed and described,
<br /> and haVe_ _seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that t he�will
<br /> warrant and defend the title thereto forever against the clauns and demands of all persons whomsoever.
<br /> PROVIDED ALWAYS,and this instrument is executed and delivered to secure the payment of the sum of THIRTY THOUSAND
<br /> AND NO/100 __ Dollers�g 30.000.00 �,
<br /> with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and conditions
<br /> of the promissory note of even date herewith and secured hereby, executed by said mortgagors to said mortgagee, payable as expressed
<br /> in said note,and to secure the performance of all the terms and conditions contained therein. The terms of said note are hereby incorporated
<br /> herein by this reference.
<br /> It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortgagor�
<br /> by said mortgagee,and any and all indebtedness in addition to the amount above stated whic}.said mortgagors, or any of them, may owe to
<br /> said mortgagee, however evidenced,whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br /> the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including future
<br /> advances, are paid in fuL' with interest.
<br /> The mortgagor� hereby assign_g_to said mortgagee all rents and income arising at any and all times from said property and
<br /> hereby authorize said mortgagee or its agent, at its option, upon default, to take chargs of said property and collect all rents and income
<br /> therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements
<br /> necessary to keep said praperty in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured.This
<br /> rent assignment shall continue in force until the unpaid balance of said note is fully paid.The taking of possession hereunder shall in no manner
<br /> prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert,the
<br /> same at any later time,and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this mortgage.
<br /> If said mortgagor S shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br /> of said note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br /> thereof,and if said mortgagors shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br /> otherwise to remain in full force and effect,and said mortgagee shall be entitled to the possession of all of said property,and may,at its option,
<br /> declare the whole of said note and all indebtedness represented thereby to be immediately due and payable, and may foreclose this mortgage
<br /> or take any other legal action to protect its right. Appraisement waived.
<br /> This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors, administrators, successors and assigns of the
<br /> cespeckiv ''" rties h'ereto. --�
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<br /> IN WIT ES � E�tE�F, s 'd Mor�gagor S ha .'�hereunto set hand the day and year first above
<br /> writ ' �� �/, � - r
<br /> _ . __.__
<br /> ``'� r_ li, r L�� �� �
<br /> D�-p�p��_�Y �-"� ___...-�AITH A. OBERG
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