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T.•.,,, Fir,,.-(T)i . 4 rradif . Punt 255.2 (Special)
<br />MORTGAGE
<br />Loan No
<br />•
<br />THIS INDENTURE, made this 9th day of •A P r_i.I 19,75 -- by and between
<br />GOODWILL BUILDING CORPORATION By Donald L Reynolds President and
<br />3 CENTRAL NEBRASKA GOODWILL INDUSTRIES INC By Donald L, Reynolds .• President
<br />Of Ha I l County, Nebraska, as mortgagors and Home Federal Savings and Loan Association of Grand Island;
<br />a corporation organized ar}d existing under the laws of Nebraska with its principal office and placo of business at Grand Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor 5 for and in consideration of the sum ,of
<br />SEVENTY—SEVEN-'THOUSAND AND Nin/100 --------------------------------- •- ollars (S 77,000-00 )i
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee, its successors and
<br />assigns, forever, all,the following described real estate, situated in the county of Hall
<br />and State of Nebraska, to -wit:
<br />.PART OF THE SE -4L OF SE -4L OF SECTION 21, TOWNSHIP II NORTH, RANGE 9 WEST OF THE
<br />6TH P.M. IN HALL COUNTY, NEBRASKA, DESCRIBED, AS FOLLOWS: BEGINNING'AT A
<br />POINT.506.5 FEET SOUTH OF SOUTHEAST CORNER OF PLEASANT HOME, SUBDIVISION, AND
<br />WHICH POINT IS- 33 FEET WEST OF THE SECTION LINE BETWEEN SECTIONS 21 AND 22 RUNNING
<br />THENCE WEST ON A LINE PARALLEL WITH THE SOUTH LINE OF SAID PLEASANT HOME i
<br />SUBDIVISION, A DISTANCE OF 327 FEET, THENCE SOUTH,PARALLEL WITH THE EAST
<br />LINE OF SECTION 21, A DISTANCE OF 130 FEET TO THE.ACTUAL POINT OF BEGINNING,
<br />THENCE -CONTINUING SOUTH 100 FEET ON THE SAME LINE AND PARALLEL WITH THE
<br />EAST LINE OF SECTION 21, THENCE WEST ON A LINE PARALLEL WITH THE SOUTH LINE
<br />OF PLEASANT HOME SUBDIVISION, A DISTANCE OF 264 FEET, THENCE NORTH ON A LINE .
<br />PARALLEL.WITH THE EAST LINE OF SECTION 21, A DISTANCE OF 100 FEET; THENCE EAST
<br />ON A LINE PARALLEL WITH THE SOUTH LINE OF PLEASANT.HOME SUBDIVISION, FOR A
<br />DISTANCE•OP-264 FEET TO THE ACTUAL POINT OF BEGINNING.
<br />Together with `all._ heating.' h6liting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings—storm windows
<br />>S and doors, and"window shadea'or blinds, used on or in connection with said property, whether the same are now located on said property
<br />j or horeafter placed thereon. `,
<br />TO! HAVE AND TO HOLD THE SAME, together with all and .singular the tenements, hereditaments and appurtenances thoreunto belong-
<br />ing, or in anywise apportaining.'jf rever, and ,warrant the title to the same. Said mortgagor S hereby covenant— with said mortgagee
<br />that the_ a re `.'Int the delivery hereof; .the lawful owners_ of the premises above conveyed and described, and are
<br />j seized of a good,and indefeasible estate of inheritance therein; free and clear of all encumbrances, and that �ho_� will warrant and
<br />j defend the title ther©toforever against the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />SEVENTY-SEVEN THOUSAND AND NO/ 100 -------------------------------cellars (s 77'000.00 1,
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor—S-- to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of, all the terms and conditions contained therein. The terms of said note are
<br />hereby incorporated 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
<br />mortgagors_ by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or any
<br />of them, may owe to said.mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full
<br />force and effect between the parties hereto and their heirs, personal representatives; successors and "assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />The morigagor_�&— hereby assign to said mortgagee all rents and income arising at any and all limes from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to- take charge 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 neces-
<br />sazy to keep said property 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
<br />manner prevent or retard said mortgagee in the collection of said sums by foreclosuze'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
<br />the 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
<br />mortgage.
<br />If said mortgagor_ shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the loans 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 mortgagor 5 . shall comply with all the provisions of said note and of. this mortgage, then these presents shall be void;
<br />S 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
<br />option, declare the ,whole of said note and all indebtedness represented thereby to be immediately due and payable, and may foreclose this
<br />mortgage or take any other legal action to protect. its right, and from the date of such default all items of indebtedness secured hereby
<br />shall draw interest at 9% per annum. AppraisemenU waived.
<br />This mortgage shall be binding upon and shall -enure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS '• WHEREOF, said Mortgagor 5 haL_l[L' hereunto set +b A i r hand— the day and year first above
<br />written. G DW I Ll BUILDING CORPORATION : CENTR NEBRASKA GOODW ILL MES, INC.
<br />B • . i� By
<br />Donal eyn0 S res -f en r Oen
<br />ATTEST: ii .�� /,-,aTEST :c ��
<br />avi iemoth (, ecre ary David iemoth Secretary
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