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MORTGAGE 86- 101534
<br />THIs iNDEnuim, [vide aria -- _21St- _---- - - -_.. day d— _1'dTLtI-- ..____ - - - -_— Iff _, by and between
<br />DONALD L. BUTTS AND BETTY R. _BUTTS, HUSBAND AND WIFE -- _, --
<br />of Hal 1 county. Nebraska, as mortgagor S . and home Federal Savings and Loan Association of Grand Island, a erasion
<br />organind and ekisting under the laws of the United States of America with its principal office and place of business at Grand Island, Nebraska, as
<br />WITTi1ESSETH: That said mortgagor S forand in cmtsideraio n of the sum of FOURTEEN THOUSAND TEN DOI I A_RS
<br />AND 5D /1DD ------------------------------------ ----------- Dollars ts 14,nIQ SO
<br />the r of which is hereby acknowledged. do by that presenu mortgage and warrant unto said me. its successors and assigns.
<br />forever, all the following described real estate, situated in the County of
<br />and State of Nebraska, io -wit:
<br />LOT ONE HUNDRED EIGHTY FIVE (185) AND LOT ONE HUNDRED EIGHTY -SIX (185), IN BELMONT
<br />ADDITION, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Together with all heating, air conditioning, lighting, at,.1 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 thereunto be-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor5_ hereby covenant .____. with said
<br />mortgagee that t he -y ____ are , at the delivery hereof, the lawful owner ?._.. of the premises above conveyed and described.
<br />and___BCe._ __- seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that__theyL_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 _ FOURTEEN THOUSAND
<br />TEN -TEN �- _ Lou. tS __.I��Ql��. �----- . - - -- -- I.
<br />- L- A�S-Aii�- -��Oe- _- _ -_. --
<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 tote of evert date herewith and secured hereby, executed by said mortgagor$______ to said mortgagee, payable as expressed
<br />in amid 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 - 5
<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 partied 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 frnm said property and
<br />hereby anthoriae said mortgagee or its agent. at its uption, upon default, to take charge of said property and collect all renL and income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes. assessments, repairs or improvements
<br />nsoessaty lie hose said property o tsmtabir condition. or to other charges or payments provided for herein or in the note hereby secured. This
<br />tent wigwost sbai continue m farce until the unpaid balance of -said now 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 he construed as a waiver of its right to assert the
<br />same at any law time, and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this mortgage.
<br />It said mar gagor 5 shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby secured, uwai ding future advances, and any extensions or renewals thereof in sa:ordanee with the terms and provisions
<br />theneal. and if said mortgagor _5 -._... shall coaWly with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />arhan►ir to noain in tiall!urea and a8set, and said mortgagee shall he entitled to the possession of all of said property, and may, at its option.
<br />dsdae tie whais of said nuts aW afl mdsbte#mom represented thereby to be imumedia.rly due and payable, and may forevclose tfus mortgage
<br />or take any other legal action to protect, its right. Approusement waived.
<br />Thki maLgrge shall be binding upon and sluill enure to the benefit of the heirs. executors, administrat<,n.. successor; and assigns of ;he
<br />respective parties hereto.
<br />IN WITNESS WHEREOF. said MurU;sgex 5 he Ve hereunto set their hand 5 _ the day and Year first alio—
<br />OONALD L. BUTTS BETTY P,. BUTT
<br />II
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