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<br />MORTGAGE 86- -101897
<br />THIS INDENTURE, :Wade this 15th day of - April, , 19 86 , by and betwecte
<br />LLOYD D. COLPACK AND HELEN I. COLF'.Ci:,. ELL SBe1VT) 1Ni)- _ y'TFE-
<br />County, Nebraska, as mortgagor _._S and Home I-ederai Savings and Loan .Association of Grand Island, a corporation
<br />organized and existing under the laws of the United State., of America with its par-pal office and place of business at Grand Island, Nebraska, as
<br />mortgagee;
<br />WITNFSSFTH: That said mortgagor.._.___ ., for and in consideration of thesumof._SI.XTFFN TH011SAND T1 -)7uT
<br />__EIGHT_- JQLLAI2S_ Ati1) 4 [ 1 QO - -- ------ - - - - -- ---------- _- .— .- Uouars
<br />the receipt of which is hereby acknowledged, do. __...__ _._ . by these presents mortgage and warranytilo4aid mortgagee, its successors and assigns,
<br />forever, all the following described real estate, stuated in the(: ouniv of
<br />and State of Nebraska, town:
<br />THE WESTERLY ONE —FL \LF (W-i) Ol' LOT SEVEN (7) AND ALL OP LOT EIGHT (8) , IN BLOCK
<br />SIX (6), IN DILL AND HUSTON'S ADDITION TO THE CLTY OE GRAND ISLAND, HALL. COUNTY,
<br />NEBRASKA, AS SURVE 'D, PLATTE. ARID RECORDED.
<br />Together with all hcalmg. aI condrtaming kvht ing. and pi -ribmg eyuiprner.t anti fixtures, mr Iuding sr reams, awnings, storm wmdo— and
<br />doo". and window shades or binds. used nn or :r. conn.rt ion wit h ,rod protx -r i w- hither t he same are new to( ateIon sized property or here -after
<br />planed theism
<br />Tt) HAVE ANN TO HUI.I)'11IF 1,A \dl. together with all and singular the tenenients. he- rednament.s and a ppurtvnitnces thereunto be
<br />longing. or in anvw:se uppx•riammg, lun.cer, and urirant the title to She• same Said morgagor 5 hereby covenant with said
<br />mortgagee that t he are it the driroerp hermf the lawful owner ,I the premse, at cnnveved and dv —shed.
<br />and are seated of A geraf and mdefeasrhle estate of mhentan- I I,, bee and clear it Al ,•nrumbnmees. and that t he tie will
<br />warrant and defend the title thereur forever against the claims and demands of all n,r:uns whomsoever
<br />PROVIDED ALWAYS, and this ui,trunienl os axe. oust Anil dehvenal w secure the payment of the.urn of SIYT•EI_N THOUSiUD
<br />THIRTY EIGHT DOLLARS AND 45/I00 -------------- - - - - -- Dollar' 1$ 16,038.45
<br />with interest therein, together with such charges and advances as may tae due and puyahle to sual m„rgirgee under the terms and ondition,
<br />of the promissory note• of even date herewith and sts:un-d );erebv, vxec•utesl 1- ,aid mortgagor 5 .o • ;ail mortgagee. ! rvalde a. —1... sand
<br />in said note. and to secure the performance of elf the to +erns and conditions contameal th.e•r•m Phe terms of said note An 1her•6v mcorprrated
<br />herein by this reference
<br />It is the intention and agreement of the parties hereto that this mortgage shall Also secure any tutus- advunces made to :;aid mortgagor S
<br />by said mortgages,. and Any and all mdebUdoess m addition to the Amount abuse stated whirl, surd roortgngors, or any of them, niav owe to
<br />said mortgagee, however evidenced, whether hp :tote. bask account nr otherwise 7 "bin rnoriguge shall remain in full force and diet ht lt- -n
<br />the parties hereto and their heirs, i—wmal r.•pn•sentatrve•c. successors and assigns, until all amounts --urel hereunder, in.ludmg future
<br />ativarces, arc paid in fui! with mlensi.
<br />•rhe mortgagor g hereby assign to said mortgagee all rents and mc'ome arising at anY and all limes from said property and
<br />h—by authorize said mortgagee or its agent, at its option, upon default. to take charge of said property and collet all new•. and jnco' e•
<br />therefrom and apply the same to the payment, of mt,rr.;t, principal, insurance premumis, taxes, as,essuients. repairs or un pros eno•n t.
<br />tleecessary to keep said property in tenantable condition, or to other charges or payrnenis provided for herein or rn the note hereby se•rurea The
<br />rent assignment shall co nunue to force until the unpaid halance oil said note rs fuflp paid The uikmg of ptrsaessuna hen•undrr ,hall :n :w nian err
<br />prevent or rd.ard said mortgagee m the collection of said sums Iry foreci —mv ,I otherwise
<br />The failure of the mortgagee to assert any of its nights hereunder At any tome •:hall riot I.e construed as A watcer of its right to aaserr, the
<br />'Rona at any later tmir, and t.o Insist ut.... anti enforce <tncr cornpbAnce wnh All ire terms .ant. pin. reside o...ud not, and nl tiro, ninrtgag,-
<br />If raid mortgagor ', shall cause to la= paid to surd mortgagee the rut ern arm inl due• p. iie•rru id-, nod auaiet the (-o,, ;Aid pr... ..wn>
<br />of said dote hereby secured. including future advancer. and any —tension, or renewal. thensd ui ........ Lance with the team, and pn,v.sunis
<br />thereof, and if said mortgagor S shall comply with All the provisions of said note and of this nuutgage. then These presents ,hall he veal.
<br />otherwise W remain in full forre and effect, and said mortgagee shall fee entitled u, the pAssessatn of all of •w id loop-1, . and mr,p. At n, ."It Ion
<br />declare the whole of said Note and all intdelntealrwns reptesetited thereby to b, unnushateh due And payublr. and mss Inn, toss• this Inn.. :age
<br />or take any other legal a:.•tion to protect I. right Apurawvmrnl. waived.
<br />The, raortgnge steal. pus binding upon and shall enore to the heueht of the brit, race Arias nil nnnisT r.:r„t- a r•. s.,r. ,east as. q;:•. oT The
<br />raper•! U,t pgrt era lu•n :..
<br />I I %C"b 'A iil.KKijlF salad }f extgogor t, lu, o1., here ijot. ,,•t f Ire• I r a• ".i 'Jill 00 .0 t—r
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