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<br />MORTGAGE $6--1OM9
<br />THIS INDENTURE, made this 25th _. ___._ day of ___ February _ __ _ .__. , Is 86_., by and between
<br />_ -. -. DAVI -D _R ^_CUTTING
<br />APR - WERPY._
<br />of __Hall_— County, Nebraska, as mortgagor .__S _, and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the laws of the United States of America with its Principal office and place of business at Grand Island, Nebraska, as
<br />mortgagee;
<br />W ITNESSETH: That said mortgagor._$_._ —. for" inconsideration of the sum of EIVE THOUSAND TWO HUNDRED
<br />FOUR DOLLAPS AND 65/100 ---------------- -----•------_ Sollars (s 5,204 6S h.
<br />the reeeiP1 of which is hereby acknowledged, do __ —_. by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />sett AX . J J
<br />forever, all the following described real estate, situated in the County of ._ Ha
<br />and State of Nebraska, to -wit:
<br />LOT ELEVEN (11), IN BLOCK TI -10 (2), IN LAMBERT'S SECOND ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<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. hereditame.nts and appurtenances thereunut be-
<br />logging, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor S.. hereby covenant, .__....._ with said
<br />mortgagee that _ t he -lt__ - _are , at the delivery hereof, the lawful owner S of the premises above conveyed and described.
<br />and - ._._$.rf_ - seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances. and that_.he -_Will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />FIVE_ TNO SA _
<br />PROVIDED ALWAYS, and this instrument is executed and delivered w secure, the payment of the sum of __ � - -- - - - --
<br />_---___. TWO._RUNDRF-D.__F.OUR-.DOLLARSAND 65/100_- _--- --------- _ IMllarsis 5,204,fa5
<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 hereby, incorporated
<br />herein by this reference.
<br />It is the intention and agreement of the partite hereto that this mortgage shall also secure any future advances made to said mortgagor.-
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<br />by said mortgagee, and any and all indebtedness in addition to the amount above staled w•hicK said mortgagors, or any of them. may owe to
<br />said mortgagee, however evidenced, whether by [tote, look account or otherwise. This mortgage shall remain in full force and effect between
<br />the parties hereto and thew heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including future
<br />advances, are paid in full with interest.
<br />The mortgagor - S _ hereby assign _..___. to said mortgagee all rents and income arising 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 securrd. 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 manner
<br />prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee W assert any of its rights hereunder at any time shall nut, be construed as a waiver 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 mortgagor S shall cause to be paid to said nwrtgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and l,ruvisions
<br />thereof and if said mortgagor _S_... shall comply with all the provisions of said note and of this mortgage• then these present_% shall be void:
<br />other eiw to rrwtain in fail force and effect, and sad mortgagee stall be entitled to the possession of all of said property, and may, at its option,
<br />declare the whole of asd note and all mdebtedasss represented thereby to he immediately due and payable, and may foreclose this nwrtirage
<br />or take any other legal action to protect its nallt. Appraisement waived.
<br />This muetgage shall be binding upon and shall inure to the benefit of the heirs, executor%, tahnmt;trntors, successors and assigns of the
<br />respective parties hereue
<br />IN WITNESS ",tbt:kl• :qY, said Mortgagor S have hereunto eel their hood 5 thv dry and near leis[ ill-
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<br />�`bAVID 0. C117ING c ' `WFIJDY CUT, T "dG
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