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<br />MORTGAGE 86-- 101394
<br />THIS INDENTURE, made this __ _ 17th___._ ___ ____ day of___ Ma.rrh -_- _. 19 _8f) _, by and between
<br />_CRAML._ f"EBERG_.ANQ_- DARLENE -E... SCEGNEBERG,._.HUSBAND_ M.._ LIFE__
<br />of - Hal_ _.__. ^ County, Nebraska, as mortgagor _ 5 , and Home Federal Savings and Loan Association of Grated 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 />>artgagee;
<br />WITNESSETH: That said mortgagor__$___—, for and inconsideration of the sum of SEUEN THOUSAND TEN DOI TARS _
<br />--- ----------- --- - - - -- Dollars ($ 7 , 010.50
<br />- - - ----- - - 1.
<br />The receipt of which is hereby acknowledged, do _ by these presents mortgage and wit , s successors and assigns,
<br />forever, all the following described real estate, situated in the County of Hall
<br />and State of Nebraska, to-wit
<br />_..... —
<br />LOT THREE (3), SCHUMANN SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures, including scmr, ns, 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, horever, and warrant the title to the same. Said morgagorS- hereby covenant _. . with said
<br />mortgagee that . the Y _. _. . are , at the delivery hereof, the lawful owner S of the premises above conveyed and described.
<br />and ___are_.... -. seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that . _. the Y_ 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 . SEVEN.-THOU-SAND,
<br />_ TEN DOLLARS AND 50/100 --------------------- - - - - -- t)nuar,lg 7,010.50 i
<br />- -
<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 ternis 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 _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 ful! 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 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 said 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 t he
<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 mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said rate hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and if said mortgagor S -. , shall comply with all the provisions of said note and of this mortgage, then throve presents shall he void,
<br />otherwise to remain in fall force, and effect, and said mortgagee shall be entitled to the possession of all of said property. and may, at its option,
<br />declare the wbnde of said now and ald indebtedaese represented thereby to he immediately due and payable, and may forvdase• this mortgage
<br />or take any other legal action to protect its right. Appraisement waived.
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, extruurrs, administrators, successors and assigns of the
<br />respective paves hereto.
<br />IN ' j'NESS WH�.tth:OF,roaul Mortgagor S his Ve hereunto sM their hand S the day and star first ahoy
<br />wrdt
<br />ss;
<br />CPAIG SCHONEBERG DARLFNF F WHONFRERG
<br />N1
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