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101766
<br />MORTGAGE
<br />THIS INDENTURE. made this ___.._.4th..____- -- -.day orAPC�_� 19 86.._, by and between
<br />DALE _W.PEER AND LINDA K.__PEER,_ Husband and wife
<br />a_ Hall County, Nebraska, as mortgagor,,,- 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 Graced island, Nebraska, as
<br />«ttttstagee:
<br />WITNESSETH: Tharsaidmongagor__5_ for and inconsideration ofthesumof _ELVE_- JB011SIM SEVEN HUNDRED
<br />MULL . LLUA i.AND._9"am ___ ---- ------ — --------
<br />UollenfE- - - - -).
<br />the receipt of which is hereby acknowledged, do.__.____— .___.— by these presents mortgage and warrant unto said mortgagee, its successors std assigns,
<br />forever, all the following described real estate, situated in the County of
<br />and State of Nebraska, to -wit: -
<br />LOT SIX (6), IN BLOCK ONE HUNDRED AND THIRTY (130), IN UNION PACIFIC RAILRAY
<br />COMPANY'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtunrs. including scrims. awnings. storm windows and
<br />dorms, and window shades or blinds, used on or in connection with said property. whether the same are now 14v ated on said property or hereafter
<br />placed thereon
<br />TO HAVE AND TO HOLM THE SAME, together with all and singular the tenements, hertditnnamts and appurtenances thenvnto be.
<br />legging. or in anywise appertaining. forever, and warrant the title u, the same. Said morgagor S 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 />,.
<br />and are seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that -t he 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 exsxut rd and delivered ut secure the lwvment of the sum of FIVE - THOi1SANII__SLYEN
<br />HUNDRED SIXTY TWO DOLLARS AND 98 /100-------------------- -_.5- ,762.98
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the terns and conditions
<br />of the promissory note of even date herewith and secund hereby, executed by said mortgagors to said mortgageee. payable as expressed
<br />in 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 />..
<br />by said mortgagee. and any and all indebtedness in addition loo the amount above stated which said mortgagor, 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 hereW and their heirs. personal representatives, successors and assilms. until all amounts secured hereunder, including future
<br />advances, are paid in ful! with interest.
<br />The mortgagor _S_._._ hereby sasign _ to said mortf;agm all rents and income arising at any and all times from said property and
<br />hereby _uthorize said rtnortgagoe 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 psyrnent of interest, principal, insurance premiums, taxes, assessments, repairs or improvements
<br />necessary to koap 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 rourd 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 n waiver of its right to assert the
<br />same at any later time, and W insist upon and enforce street compliance with all the terms and provisimis 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 />- --
<br />of said kola hereby wured, including future advances, and any extensions or renewals thereof in accordance with the terms and pmvi< ions
<br />thareol. and if said tnartgotgor . S____. shall comply with all the provisions of said note and of t his mortfmge, then these presents shall Ix void.
<br />otherwise to rwaaia in fall force and -(feet, and said mortgagee shall be entitled to the possession of all of said property. aral may. at it: c i) ton.
<br />declare the wbdo of said note and all iadebtadneee represented thereby to he immediately due and payable. am] may fom9ose 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, executors. administrators. ucressors and assorns of the
<br />respmtice parties hereto.
<br />FS WETNESS WIIF.RKOF. naus Mortgagors ha ve hereunto set their hands the deg ;oul —tr hr,( .0"",
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<br />DALE CINDA K. PFER CID
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