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F DL -H 455 199:20 01 89. 101442 MORE Tw ttn.ia ..dF at�at�sd it3m tai. /� aq .t 1'yt � t'G� 1!1 , ib;► and bacwiiea Stanley A. Mallory and Jerre L. Mallory (bereiaaftar referred to as mortgagor), Md the Administrator of the Small Ra*h as Adrainistratiea, as afsacy of the Govemmeat of the Unitred- States of America (hereinafter referred. to as srortfg fee), wbo naaiataims an ogee aid plamethwiaarsat 2121. 8th Avenue, North, Suite 200, Birmingham, Alabama 35203 -2398. W.11 MIMMEv toot for the consi4kration hereinafter stated, receipt of which is her y aei"wlad*sd, the aartgagar does k.sreby mortgage; !el-4, sat, assign, and convey unto the mortgagee, his succeNSrs and assipa, an of the tellswin f pftpesty detwrib,;d ssltwiad 410i. the Cooaty of Hall State of Nebraska: ll of tot Pour,.(.0 and the Easterly Sixteen (16) feet Of Lot Three (3) in Block Three (3) in Pleasant View Third Addition-to the City of Grand island, Hall County, Nebraska. Together with and including all buildings, all fixtures including but not limited to all plumbing, heating, light• ing, ventilating, refrigerating, incinerating, air conditioning apparatus, and elevators (the mortgagor hereby declaring that it is intended that the items herein enumerated shall he deemed to have been permanently in- stilled as pan of the realty), and all improvements now or hereafter existing thereon; the hereditament% and appurtenances and all other rights thereunto belonging, or in anywise appertaining, and the reversion and re. version+, remainder and remainders, all rights of redemption,.and the rent., issuer, and profits of the above depwribed property (provided, however, that the mortgagor shall he entitled to the possession of said property and to collect and retain the rants, issues, and profits until default hereunder). To have and to hold the same unto the mortgagee and the successors in interest of the mortgagee forever in fee simple or such other estate, if any, as is stated herein. The mortgagor eevenaats that he is lawfully seised and possessed of and has the right to sell and convey said property; that the same is free from all encumbrances except " hereinabove recited; and that he hereby binds hiasaelf sad his successors in interest to warrant and defend the, title aforesaid thereto and every part thereof against the clause of all persons whomsoever. This imetrument is Riven to secure the payment of a promissory note datedDeeember 2, 1980 in the principal sum of 125,000.00 , signed by Stanley A. Mallory and Jerre L. � Ig inowhallat themselves. I W ►•t. vat #i-:rI VsRla. r411lUM U• O�Ht•e•. - . i r ti ...