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<br />MORTGAGE 86-- 102102
<br />THIS INDENTURE, made this _ _ 24th —._ _ . _ day of _Apr11___ ._ . , 19 B& _, by and between
<br />_ DONALD W.__KELLY._AND ROMONA..K..__ KELLY. ,_ HUSBF180 __AN[L._14IEI`.----- - - - - -- - - --
<br />County, Nebraska, as mortgagor $ and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the taws of the United States of America with its principal office and place of business at Grand Island, Nebraskka, , as
<br />mortgagee.
<br />WITNESSETH: That said mortgagoc__S for and in consideration of the sum of _floc
<br />_ DO.LLARS ANQ S /j_QO.--------- __ - ---
<br />the receipt of which is hereby acknowledged, do ___.______ by three presents mortgage atl�tt t� said mortgagee; its successors and assigns,
<br />forever, all the following described real estate, situated in the County of ------- Hall
<br />_ —___
<br />and State of Nebraska, to -wit: --
<br />LOT ONE (1) AND THE EASTERLY SEVENTEEN AND TWO TENTHIS FEET (17.2') OF LOT TWO (2)
<br />IN BLOCK THIRTY —SEVEN (37) IN RUSSELL WHEELER'S ADDITION TO GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />Together with all heating, air conditioning, lighting, and 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 arc 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. her ditaments and appurtenances thereunto be.
<br />longing, or in anywise appertaining, forever, and warrant the title tie the same. Said morgagor S hereby covenant with said
<br />mortgagee that t hey are at the delivery hereof, the lawful owner S of the premises above v.,nveyed 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_ .wilf
<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 In secure the payment of the sum of THIRTEEN -THOUSAND_
<br />THIRTY .ONE_DOLLARS AND-51/100 --------- ------ ----- - -- U-thira is 13.031.51 t.
<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 sesursi hereby, executed by said mortgagor S _ to said mortgagee, payable as expreswil
<br />in said rate, 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 mortgagee shall also secure any future advances made to said mortgagor
<br />by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or tiny 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 mortgagors?___. 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 ull rents anti income
<br />therafrom and apply the same to the payment of interest, principal, insurance premiums, taxes, assessments. repairs or improvements
<br />necenary to keep said property in Umantable 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 tiny time shall not he construed as a waiver of its right to assert the
<br />same at any later time, and to insist upon unit enforce Arict compliance with rill the terms and provisions of said note. and of thus nanrtgage
<br />If aid mortgagor S shall cause to be paid to said mortgagee the entire amount due it hereunder, and under Itie terms and provisions
<br />of said rate hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms arid provisions
<br />thereof, and if sad mortgagor _.S_ shay comply with all the provisions of said note and of Ihis mortgage, then the :se presents shall Ie cant;
<br />otherwise to remain in full force and effect, and said mortgagee shall be entitled to the possession of all of said property, and nary, at it.s opt ion.
<br />declare the whole of said twee ws f all intlebtedraae represented thereby to be immediately durr and payutilo. and may fonrlou• this nuortgage
<br />or take any other legal action to protect its right. Appraisement waived.
<br />This mortgage shall be binding upon and shall enure it) the benefit of the heirs, exrrvhers, admine,trntors..ureeswrr. and it -igm, of the
<br />respective parties hereto.
<br />IN WITNESS WIIEhEOF. niid Mortgagor S ha Ve. hereunto :'et _ their hand S 0- das and scar fns ah—,r
<br />written -
<br />0 NAS U. tKF(�I_y:
<br />60 C* �tOt40NA F . F;F L t
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