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<br />MORTGAGE S6-400304
<br />THIS INDENTURE. made. this ___...- _17.th, _. -__. day of - _._Ja.nUar- y -____ _.. , 19 __86, by and between
<br />__ _ h1ES__L. GBEER
<br />AND -- --
<br />of __Ha L--- 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 office and place of business at Grand island, Nebraska, as
<br />mortgagee;
<br />WITNESSETH: That said mortgagor __S._._____, for and in consideration of the sum of TW Vi�� E THQU�Ah�O S Eii EN H INDR D
<br />NINETEEN _DOLLARS_AND 75L100 _--- - - - - -- - -__ _ - - --1— - -- cs j}4 -]� —.1•
<br />the re"ipt of which is hereby' acknowledged, do -^ _— by these presents mortgage and Wa�r�a�tn�ai mort i successors and assigns,
<br />forever, all the following described real estate, situated in the County of and State of Nebraska, to -wit:
<br />A TRACT OF LAND COMPRISING A PART OF LOT "H ", JOEHNCK'S SUBDIVISIO14 IN THE SOUTHEAST
<br />QUARTER (SW OF SECT70N FIFTEEN (15), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9),
<br />WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF MAC ARTHUR AVENUE IN THE CITY OF
<br />GRAND ISLAND, NEBRASKA, SAID POINT BEING THIRTY —THREE (33) FEET SOUTHEASTERLY AND TWO
<br />HUNDRED EIGHTY —FOUR (284) FEET SOUTHWESTERLY FROM THE NORTHEAST CORNER OF SAID LOT 'ii
<br />JOEHNCK'S SUBDIVISION; THENCE SOUTHEASTERLY PARALLEL TO THE NORTHEASTERLY LINE OF SAID
<br />LOT t'H ", A DISTANCE OF ONE HUNDRED FORTY —ONE AND SIX TENTHS (141.6) FEET; THENCE
<br />SOUTHWESTERLY PARALLEL TO THE NORTHWESTERLY LINE OF SAID LOT "H ", A DISTANCE OF FIFTY —
<br />FIVE (55) FEET; THENCE NORTHWESTERLY PARALLEL TOME NORTHEASTERLY LINE OF SAID LOT
<br />"H ", A DISTANCE OF ONE HUNDRED FORTY —ONE AND SIX TENTHS (141.6) FEET TO THE SOUTH EASTERL
<br />LINE OF SAID MAC ARTHUR AVENUE; THENCE NORTHEASTERLY PARALLEL TO THE NORTHWESTERLY
<br />LINE OF SAID LOT "H ", A DISTANCE OF FIFTY —FIVE (55) FEET TO THE PLACE OF BEGINNING
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and 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, forever, and warrant the title to the .tame. Said morgagor S hereby covenant with said
<br />mortgagee that t he Y are • at the delivery hereof, the lawful owner S of the premises above conveyed and described.
<br />and. -a.re seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that _. t hey__ will
<br />warrant and defend the title therew forever against the claims and demands of all persons whomsoever. AND__
<br />PROVIDED ALWAYS, and this instrument is executed and delivered u, secure the payment of the sum of TIJFLVE THOUS
<br />.
<br />SEVEN HUNDRED. NINETEEN DOLLARS AND 75/100 ------ - - - - -- ]muscats 12,719.75
<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 now of even date herewith and .&,ured hereby. executed by said mortgagor S- 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 [Wade to said mortgagor 5
<br />by said mortgagee, and any and all indebtedness in addition to the amount at-vc stated whirl, said mortgagors, or any of them, may owe a -,
<br />said mortgagee, however evidenced, whether by note. hook account or ot.he.rwrve 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 __S. hereby assign to said mortgagee all netts and income ansing at any and all times 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
<br />necessary 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 asaignment shall continue in force until the unpaid balance of said now is fully paid. The taking of possession hereunder shall in no manner
<br />prevent or retard said mortgage 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 t ime shall not be construed as a waiver of its right, to assert t he
<br />same at any later time, and to insist upon and enforce strut compliance wit It all the terms and provisions ref said note and of this mortgage
<br />If said mortgagor S shall cause to be paid to said mortgagee the entire amount due it bemunder, and under the terns and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof n, accordance with the terms and provisions
<br />thersol, and it said mortgagor_S shall comply with all the provisions of said now and of this mortgage, then these presents shall be void.
<br />otherwise to rwasht in full force and effect, and said mort.gagov shall be entitled to the possessa,n of all of said property, and may, at its option.
<br />drehre the wholeof said now and all intiabttaltresn represented thereby to be immediately due and payable. and may foreclose this mortgage
<br />or take any other lofts] action to protect its right. Apprainement waived.
<br />Thin mortgage %help be binding upon and shall enure to the benefit of the bars, exerui;n udmuustnnors tueres,wn. tared nssi;ro. „t tl:,
<br />mitp of I is a part ios her-to
<br />SIN WI'l'NF.Sh Ilf'Rfa)1', Mrvrtgagnr S /ha Ve her•unu, see 1111:'11' hand, t, 1h d,y :out scar t:r•.t „f,,,,,
<br />f i
<br />rittkt 1
<br />�-
<br />JAMES L. GRr'tfR
<br />P Ml
<br />..—j
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