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<br />MORTGAGE 8-- 101455
<br />THIS INDENTURE, :node this - _ _ =��^ __.. -. day of -. Ma-rrh _._._._. !9 86 . by and between
<br />MAXFIELD G. OSBORN AND MARILYN J. OSBORN HUSBAND AND WIFE
<br />of H 1 _ Coun;y. Nebraska, a mortgagor and home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the laws of *.hr L mrcd States of America with its principal office and place of business at Grand Island, Nebraska, as
<br />mortgagee:
<br />WIT'N SSETH: That said mortgagor -___ _.. for and in consideration of the cum of FIVE THOUSAND. TWO HUNDREti______
<br />_M_ .LLAK_- S-ND- .1LI00._.— __ _------ -- - --- Dollars (S S,,2r,)Q -AI - - --1,
<br />the re:-eipt 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 real estate, situated in the Counry of
<br />and State of Nebraska, i c, wa:
<br />LOT FOUR (fl), IN BLOCK FIVE (5), IN MORRIS FOURTH ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Together with all heating, air conditioning. lighting. and plumbing equipment and fixtures. includirg sereeens, awmrigs. storm windows and
<br />doors, and window shades or blinds, used on or in connection with said pmperty, 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 appurtenance thereunto he
<br />longing, or in ar._vwise appertaining. forever, and warrant the title ro the same. Said morgagor S hereby rovenant with said
<br />mortgagee that the y are . at tiie delivery hereof. the lawful owner S of the premises above conveyed and de,mlivd.
<br />and__ --are seized of a good and indefeasible estate of mhtt,cantr therem, free and clear of all encumbrances, and that the V_. sill
<br />warrant and defend the title thereto forever against the cittims and demands of all persons w•hnn :suever
<br />(PROVIDED ALWAYS. and this mstrunwnt is executed and delivered to secure the payment of the sum of - FIVE - TH�O.LI.,32'c:YO_
<br />T�WQ- HU- NDREO_DOH-LARS AND 811 100 ------------------ - - - - -- - f)ollan cS 50J 8 1
<br />with interest thereon, together with such charge_, 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 secun•d hereby, executed by said mortgagor 5 to said mortgagee. payabie as expressed
<br />in said note, and to secure the performance of all the terms and conditions contained thenan. 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 murtgugor 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 />seed mortgagee. however evidenced, whether by note•. book account or others ise. This mortgage shell remain in full tour and effect ]r <•i wean
<br />the parries hereto and their heirs. personal repn•sentativo -. successors and assigns, until ell amounts secured hert•under, including future
<br />advances. are paid to full with interest.
<br />The mortgagor - S_ hereby assign to said mortgagee all rents and income arising at any and all times from said prote•rty am!
<br />hereby authorize said mortgagee or its agent. at its opting, upon default u, 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. n•paers or nnpmce•mrnt>
<br />neoessary to keep said pnrperty 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 forge until the unpaid balance of said note is fully paid. The taking of possession hereu rider shall in no manner
<br />prevent or retard said nitirtgagm in the collection of stud sums by foreclosure or otherwise
<br />The failure of Lhe mortgagee to assert any al its rights hereunder at any time shall not he ronstrueal us a waiver of its right to assert the
<br />same at any later time, and to insist upon and enforce -tart c-ompbance with all the terms and provisions. of d note and of this mortgage
<br />if ,id mortgagor S shall -ause to he paid w said mortgagee the entire amount due n hereunder. and under the teen, anal pruo, ,m,
<br />of said now hereby secured. including future advances . and any extensions or renewals thereof in arcardance with the reins.. and pmriseens
<br />thereof, acid if said mortgagor -. $shall comply with all the provisions of said note and of this murtgagl . then these pn•sents shall is id,
<br />ot.herwae to neam in full force Lad effect, and said mortgagee shall lie entitled to the possession of all of said property. and naiv, at it, option.
<br />declare rise whole of said tole aad all imiebtedness represented thereby to he mime d:ately due and pay:,hle. and may forttiiose this mongapv
<br />ra take any other fagot action to protect its right.. Apprtusement waived.
<br />This mortgage shrill he binding upon sad shall enure to the bernefii of the heirs, executors aduun -i .d sae•
<br />rexfw•c'i :ve'parLw, hereto
<br />IN WITNESS X'f1F;It1 :OF said Mortgagor S haVE' h'.reurto bet tfiE,4 r da% wu sear t.r=
<br />✓. %���fis�•4I ✓_'� •�,�'�_ ,..�..IL ,��'.lh��r -�' �Jr� .sue �`. -1e -t._.✓
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