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of Hal I County, Nebraska, as mortgagor S and Horne 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 />W
<br />WITNESSETH: That said mortgagor S for and in consideration of the sum of TWELVE THOUSAND DOLLARS
<br />AND NO /100 ------ ------------ DnlIfs I _nM— 1.
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee. its successors and assigns,
<br />forever, all the following described Teal estate, situated in the County of Hall
<br />and State of Nebraska, to-wit:
<br />LOT FIVE (5) IMPERIAL VILLAGE SEVENTH SUBDIVISION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />F
<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 same. Said morgagor__S_ hereby covenant __. with said
<br />mortgagee that - .the _ Y.- are -. _. , at the delivery hereof, the lawful ownerS - of the premises above conveyed and described,
<br />and— ;IrP _ _ seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that _1 heSL__ will
<br />warrant and defend the title thereto forever 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 TWELVE THOUSAND
<br />-- -- Df]LI ARC •- JLND- NO/I.D0.__° >- .- _...._ -. Dollars I$-- IZ-s=..QG - - - - --- - --.I.
<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 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 herebv 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 S_
<br />by said mortgagee, and any and all indebtedness in addition to the amount above stated which 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 fuR with interest.
<br />The tmatgagar_S_ hereby assign.--- to said mortgagee all rents and income arising at any and all times from said property and
<br />hereby autborme said mortgagm 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 time payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements
<br />userssty to beep said property in tenantable condition. or u other charges or payments provided for herein or in the rote hereby secured. This
<br />resat assignment sbell continue in force until the unpaid balance of said note in fully paid. The taking of possession hereunder shall in no manner
<br />prevent or retard tafd 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 />now 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 mo tgcifor S shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said tote hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terns and provisions
<br />thereof, sat if said mortpgor __-$, shall comply with all the provisions of said note and of this mortgage, then these presents shall be void:
<br />otherwin to rarie is furl force and eIfeel, said said noungagee shall be entitled to the possession of all of said property, and may. at its of"n.
<br />tulle. the whets of raid note asd all utdebiednses represented thereby to be immediately due and payable, and may foreclose this mortgage
<br />or take any Wire legal action to protect its right. Appraisement waived.
<br />This mortgage shill be binding upon and shall inure to the benefit of the heirs, ..o roitors. administrators. successors and assigns of the
<br />respective "parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S. ►a VP_ hereunto set their hand the day and year first abovo�
<br />written.
<br />K9N4ETH J. 011 COLLEEN T. 51110N
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