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86- 101149
<br />MORTGAGE
<br />THls INDENTURE, made the _.__5th _- _ _ __ _ — day of -- Mdreh 19 _.8b by and between
<br />WAYNE F. SCHROEDER AND CAROL K. SCHROEDER, HUSBAND AND WIFE
<br />of __Hall County. Nebraska, as mortgagor S and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing tinder the laws of the United States of America with its principal office and place of business at Graad Island, Nebraska, as
<br />WITNESSETH: That said mortgagor 5 ., forandinconsiderationofthesumof THIRTEEN THOUSAND NINE HUNDRED
<br />SIXTY -SIX DOLLARS AND 58/ 1. Q0 ----------------------------- 0.1lan ii,Q66 ss I.
<br />the receipt of which is hereby acknowledged, do b these E-1 y presemu more #s successors and assips,
<br />forever, all the following described real state, situated in t he County of Ha 1 1
<br />,a�arrw.. ww�ee�.,r ra^-
<br />and State of Nebraska, to -wit:
<br />Lot Eight (8) in Block "A" in Parkview Subdivision, located in the Northeast
<br />Quarter (NE4) of Section Twenty -mine (29), and the Northwest Quarter (NW-14) of
<br />Section Twenty -Eight (28), all in Township Eleven (11) North, Range Nine (9),
<br />West of the 5th 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 cot,nection 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 />awrtgagee that .. _.. _t he.y_.._. -..__. are-
<br />, at the delivery hereof, the lawful owner S__ _ of the premises above conveyed and described,
<br />seized of a good and indefeasible estate of inheritance therein- free and clear of all encumbrances, and that __t_ he 7y 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 ...__TH.I R.T N THO(1SAND
<br />NINE - HUADRED._ SIXTY -SIX _DOLLARS_AND- 58 /200_
<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 />is 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 made to said mortgagor
<br />by said mortgagee, and any and all indebtedness in addition to the amount above stated whish 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 fuL' with interest-
<br />The nmrtgagor S____ hereby assign ...__ - to said mortgagee all rents and income arising at any and all tines 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 />thlydron and apply the sane to the payment of interest• principal• insurance premiums, taxes, assessments, repairs or improvements
<br />nam ary to kmp mod poperty m tewntable condition, or w other charges or payments provided for herein or in the note hereby secured. 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 acid mortgagee in the coflection 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 />same at any laser time, and W insist upon and enforce strict compliance with all the terms and provisions of said note and of this mortgage
<br />If mid mompgorS shall cause to be paid to said mortgagee the entire amount due it hercunder. and under the terms and provisions
<br />of said now hereby secured, including future advances, and any extensions or renewals thereof in accordam•e with the terms and provisions
<br />tbared, and it maid n ertpgar ... _.S sh" comply with all the provisions of said note and of this mcwtgage, then thew presents shall be void:
<br />eahses►iaa W rmmarr a fall (oral sad stied, sad and mrortgayse shall be entitled to the possession of all of said property. and may. at its option,
<br />Mime rte trbab of maid sow and aA adebtedmes represented thereby to be immediately due and payable, and may foreclose this m,mgage
<br />or talks any otbar legal action W prowct its right. Appraisemenl waived.
<br />This nwd~ Waal! be binding upon and shall enure t.o the benefit of the heir&, eleavtnrs. administrat +bm successors and assigns of the
<br />respective'partlzs hereto,
<br />IN W1 ES'S Wliritity, w. mkOOAortgagur S he ve hereunU, set their hand the day-lsnd .ear fir.t abob<
<br />wr*lop !� 4✓ ".tiL�(Ci ar a ..,r•. �^T
<br />WAYNE •F. SCHROEDER CAROL K. SCHROEDER
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