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<br />MORTGAGE ' - 69� 102466
<br />THIS INDENTURE. made tither 1 th day of -- May _..� . 19 by and between
<br />James H. Berrie, Jr. and Judy N. Berrie, Husbard ar,d, WLfe
<br />of Nall County, Nebraska, as mortgagor G and Isl ad. a corporation
<br />organized and existing under the laws of the United States of Amelia with its; Oncips] offlat: wit-PUM of budness as (hand Island. Nebraska. as
<br />WITNESSErH: That saidmortgagor•S forarAinconaderationofthesumof Twenty Four Thousand and
<br />no /100 ------------------------------------- -- - - -- � 21,000_00
<br />Dollars ),
<br />the receipt of which Is hereby acknowledged, dogs by these prmmit martMe and warrant unto said mortgagee, its successors and auig,ts.
<br />forever. all the following described real estate. situated in the County of Hi'li
<br />amdState of Nebraska, to-wit:
<br />bt Five (5), in Le Heights Third Subd -, vision, in the City o` Grand Island, Nebraska.
<br />Hall Co.inty .
<br />Together with all heatiZg„ f:.c conditioning, lighting, and plumbing equipment and fj;tums. including screens, au:rr-s . storm windows and
<br />doors, and window shades ve blinds, used on or in connection with said property, whet!:ertll +same are now located un id property or hereafter
<br />placed therece.
<br />TO HA Ali: AND TO HOLD THE SAME, together with all and dttvilw the tenements, hera"6!4sonents and a;„ urtenances thereunto be•
<br />longing, or in anywise appertaining, forever. and warrant the title to the same. Said morgagog_ —. hereb ' covenant _-t4_ with said
<br />mortgagee that. _ _. the -y--.. -- -. , at the delivery hereof, the lawful onnar 3 _ of the premises abel'? conveyed and described,
<br />ind are seized of a goal and indefeasible estate of inheritarim durein, * ¢ :d clear of all encumbrances, and that the- Y—will
<br />warrant and defend the title thereto forever against the claims and dmscads of a: rxnons whomeoescr.
<br />PROVIDED ALWAYS, and this instrument is executed and defivenrd co secure the paymentof the sum of Tnta
<br />Falir Thnugand and IIII�Jj�{� -_ ------------------ - - - - -- _ Do11ars(g—_244fl0fLf1n ►.
<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 rote of even date herewith r zd secured hereby, execul2d. by said mortgagors w said mortgagee. payable s.= i spressed
<br />in said note, anti to secure the performsam (sl all the terms and coaditians contained therein. The :+trams of said note are herby, ivaurporated
<br />herein by tttiv inference. '
<br />It is the inu4 --tfon and agreement of the parties hereto that this mortgage shall also secure any future advances nude to said mortgagor,
<br />by said mort47 $m, and say and all indebtedness in addition to the amount above stated which said mortgagors. or any of them, may owe to
<br />said mortgaytris, however evidenced, wheiltisr by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the parties Imntn and their heirs. pergau:l representatives. successom and assigns, until all amounts secured hereunder, including future
<br />advances, are paid in full w th interest.
<br />The mortgagor —_ hcaeby assign — to said mortgagee all rents and income arising at any and all times fmm said property and
<br />hereby authorize said mostywgse 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. twee, assessments. repairs or improvements
<br />necessary to tarp said property in tarrntable eundition. or to other charges or payments provided fcr herein or in the note hereby scut: red. This
<br />rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking cd possession hereunder shall :a 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 asiwert any of its rf&m hereunder at any time shall not be construed as a waisve 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 mortgagors shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the tents and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thenof in accordance with the terms and provisions
<br />theraul, and if amid muttgagas -s-- shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />otherwin to remain in full force and duet. tad said mortgagee shall be entitled to the possession of all of said property, and may. at its option,
<br />declare the co'n'e 6f said note and all iadsbtedene represented thereby to be immediately due and payable. and may foreclose this mortgage
<br />Of take avy o:6--r ugai a:ao. -. to PTW.A='t it: right. App=k-w -. one wufvcd-
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs. etecutors, administrators. successors and assigns of the
<br />respective'puties hereto.
<br />IN WITNESS WIIEHEOV. said Mortgagors have hereunto set ' hE'.Ir hand s_ the day and year first above
<br />written. JF 1
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