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MORTGAGES 101108
<br />THIS INDCNTU . aids this. __._,...._.. 6th ___ day of March ____....> 19 85. -._. by ued between
<br />STOUT AHD LILA —F. - STOUT,. HUSBAND_AND WIFE_
<br />Of Hal I County. Nebraska. as mortgagor S and Hone Federal Smalls and Low Association of Orand 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 Card Island, Nebraska, as
<br />VMNESSEffi: That said mortgagor" , for and in crntaderation of [t: sum of _ C T X THOLSAND E I V E HUNDRED
<br />TEN DOLLARS AND 50/100 --------------------------- - - - - -- — DRsex fs— 6,510.50' 1.
<br />the receipt of which is hereby acknowledged, do _by trier presents mortgage and warrant unto said
<br />mortgsyde, its strousars and assign.
<br />forever, all the following described real estate, situated in the County of Hall _
<br />sad State of Nebraska, io -wit:
<br />LOT FOURTEEN (14) IN BLOCK "B" IN PARKVIEW SUBDIVISION, LOCATED I14 THE NORTHEAST
<br />QUARTER OF SECTION TWENTY NINE (29) AND THE NORTHWEST QUARTER (NW;) OF SECTION
<br />TWENTY EIGHT (28) BOTH IN TOWNSHIP ELEVEN (11) NORTH, RANGE NI14E (9) WEST OF THE
<br />6TH P.M., 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, hereditaments and appurtenances thereunu, be-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor S._.._.herebv covenant.._ -_. . with said
<br />mortgagee Chat, _ _- the Y_ are - , at the delivery hereof, the lawful owner .?_ of the premises abve conveyed and described.
<br />aod__are—.- _ , 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 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
<br />FIVE HUNDRED TEN DOLLARS AND 50/100 --------------------- _ _ Dollarsls__6 .510 -5D
<br />- - -- - -- -__ 1.
<br />with interest thereon, together with such charges and advances as may he 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 -, t) said mortgagee, payable as expressed
<br />in amid note, seed to secure the performance of all the terms and conditions contained therein. The terms of said note ate hereby incorporated
<br />Ieeveio by this reference.
<br />It is the mtention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortgagor _. c
<br />by said mortgagee. and any sad 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 amain in full force and effect between
<br />the pastes hereto and their 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 ansing at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default. W take charge of said property and collect all rents and income
<br />t3rrefsver and apply the same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or miprovenaents
<br />•simony to b*W said property ta tadrsoFaabk oamditioa. or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent s sine neat siull continue in farce until the unpaid balance of said note is fully paid. The taking of possemicm hereunder Shall in no manner
<br />prevent or retard said mortgagee in the collection of said suers by foreclosure or otherwise.
<br />The failure of the mortgagee to assert any of its rights hereunder at any time shall not be ewnwamed as a waiver of its right to assert t he
<br />isms at any labor time. and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this mortgage.
<br />If acid mortgagor S shahs cause to be paid to said mortgagee the entire amount due it hereunder. and under the terms and provisions
<br />at food soft Maby secured. iadadmg future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />tbweef. and Y said aaueteagae -S- _-.. shag confily with all the provisions of said rate and of this mortgage, then these presents shall be void:
<br />etberwirte nnaie we fall forts and d8 , sad said mortysagoe shall be entitled to the possession of all of said property, and may, at its option,
<br />. . tea o1 1 of said now and of iods6Ndnar represented thereby to be immediately due and payable, and may foreclose this mortgage
<br />or tabu say, other Ideal action to protect its right. Apprsieement waived.
<br />Tyr mortgryhd shag he heeding upon and shall enure to the benefit of the heirs, execuuom, admmistrawn, sua:rssors and essia-ns of the
<br />respect- parties hereto
<br />IN WiTN6.'W WHEREAW, said Mortgagor S ha Ve hereunto art .their, hand 5..- the day and year first at %v
<br />written .
<br />�EUGE1IE TOUT -7"
<br />_ L F. STOUT
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