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<br />MORTGAGE 86- 102221
<br />THIS INDENTURE. made this _ - 29th _ __ - day of _ _ April _- - _ 19 86 , by and between
<br />LILA C. HOLLOWAY, AN UNREMARRIED WIDOW
<br />of Hal I _____County. Nebraska, as mortgagor __ —_, and Home Federal Savings and Loan Association of Grand 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 Grand Island, Nebraska, as
<br />mortgagee;
<br />WITNESSETH: That said mortgagor,_-_.____, ror and inconsideration of the sumof .SEVEN THOUSAND THIRTEEN
<br />_DOLLARS ._ AND _ 50./ 100_. ------------------------------------ Dollarsfs 7.013 SO -- f,
<br />the receipt of which is hereby acknowledged, do _ eS_________ by these presents mo*p8e- 8tfid%V0ati6ntb said mortgagee, its successors and assigns,
<br />forever, all the following described real estate, situated in the County of
<br />and State of Nebraska, to -wit:
<br />SUITE NO. TWENTY (20), C. WINDSOR SQUARE CONDOMINIUM, PROPERTY REGIME IN UNIT
<br />THREE (3) LOT TWO (2), BLOCK EIGHT (8), REPLAT CONTINENTAL GARDENS AN ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />Together with all heating, air conditioning. liyhring, 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 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 lenement�. hereditaments and appurtenances thereunto be-
<br />longing, or in anywise appertaining, forever, and warrant the title to the some Said morgagor hereby covenant S _ with said
<br />mortgagee that she is . at the delivery hereof, the lawful owner of the premises above conveyed and described.
<br />and __1 5. seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances. and that _._ She 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 aerate the payment of the sum of SEVEN - .THOUSANQ.. —_-
<br />THIRTEEN DOLLARS_ AND. 50/100 ------------------------------ Dolliim(s 7,013_50_
<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 secured hereby. executed by ,aid mortgagor 5 said mortgagee, 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.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 parties hereto and their heirs, personal representatives, successors and assigns. until all amounts secured hereunder. including, future
<br />advances, are paid in full with interest.
<br />The mortgagors....._ hereby assign _... to said mortgagee all rents and income arising at any and all times from suid property and
<br />hereby authorize said mortgagee 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 payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements
<br />necessary to keep 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 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 be construed as a waiver of its right to assert the
<br />same ut any later time, and to insist upon and enforce strict compliance with all the terms and provisions of send note and of this mortgage
<br />If said mortgagors shall cause to he paid u, said mortgagee the entire :.mount due it hereunder, and under the terms and provisions
<br />of said note hereby secu:ed.including future advances, and any extensions or renewals then.-of in accordance with the terms and provisions
<br />theml. and if said mortgagor S_._- .. shall comply with ail the provisions of said note and of this mortgage, then these presents shall he void.
<br />otherwise to remain in fall fora and effect, soil said mortgagee-shall tie entitled to the possession of all of said property, and tray, at it_< option.
<br />declare the whole of said rote and all indebtedness represented thereby to lie immediately due and payable, and may foru lose this nairigage
<br />or take any other kgal action to protect its right. Appraisement waived.
<br />This mortgage shall be binding upon and shall enure to the Benefit of the heirs, executers, administrators, successors and assign% of for
<br />rekpaetfve Ilaftie*s hel'eu,
<br />IN WITNESS WHEREOF, said Mortgagor S for ve hereunto set their hands the day and oar first :,botr
<br />written. 7}
<br />LIIA C. r1OLL01JAY
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