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<br />MORTGAGE 86-- 102292
<br />THIS INDENTURE, made this_ .7th_ - . ___ _ day of—.- flay_ - _ _ - __ _. __ 19 86 _ , by and between
<br />._ GR5GORY_L_._- MO€LLER_ AND .CHRI.STY_MOEL_LERi _._H.USBAND_ ANa_1 1FE__ -- -- ----------- - - - - --
<br />of _H? _ County, Nebraska, as mortgagor _ S ___, 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 _—.Sfor and inconsideration of( he SLIM nf FTVF THOIISAU FORTY THREE
<br />--------= ^Doll.,(s_ — 043.09 - - -- 1
<br />the receipt of which is hereby acknowledged, do _ —_ by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />forever, all the following described real estate, situated in the County of __._ Ha 111
<br />and State of Nebraska, to -wit:
<br />LOT TWO (2), BOHNART SUBDIVISION, IN THE CITY OF 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 are now lex•ated on said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements. hereshtaments and appurtenances thereunto be-
<br />longing, or in anywise appertaining, forever, and warrant the title to the .same. Said morgagor S. hereby covenant with said
<br />mortgagee that t heY are , at the delivery heroof, the lawful owner S . of the premises above conveyed and described,
<br />and .._-._ are seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances- and that _t. hey
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever
<br />PROVIDED ALWAYS, and this instrument is exexutesef and delivered uo secure the payment of the sum of . FIVE THOUSAND
<br />FORTY- -THREE DOLLARS AND 09/100 ----------------- - - - - -- Dollars($ 5,043,09 --
<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 said mortgagors to 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$ -
<br />by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgakors, or ally 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 assign, until all amounts secured hereunder, including future
<br />advances, are paid in full with interest.
<br />The mortgagor _S_ hereby assign to said mortgagee all netts and income arising at any and all times from said prolerty 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 premium%, 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 tiny time shall not he ennstruisf as a waiver of its right to assert the
<br />same at any later time, and to insist upon and enforce strict cnmphance with all the terms and provisions of <aid note and of this mortgage
<br />If said mortgagor S »tutu cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and pn,visions
<br />of said note hereby secured, including future advances, and any extensions or renewals thensof in accordance with the terms and provisions
<br />thereof, and if acid mortgagor. _S shall comply with all the provisions of said note and of this moriguge, then these presents shall be void,
<br />otherwiat to remain in full force and effect, and said mortgagee shall be entitled to the, fxisw stain of till of said property, and may, at its option.
<br />declare the whole of said now and all indebtedness rnpresemted thereby to be immediately due tint] payable. and may foreclose this. mortgage
<br />or take any other legal action to protect its right. Appraisement waived.
<br />This mortgage shall be. hinging upon and shall enure to the benefit of the hers, executors. administrators, uzvvs n and assigns of the
<br />re,gx tr.o parties h,oeto.
<br />1N W1'I'Nk, NS If FREOK of Mortgagor 5 hNe hemunt, set their howlS th, dae .and erne hoe A6 "
<br />GRFCrORY Y (1L [-F IiR~T�TY ?10f Lt I-R .t
<br />.. st.«i #t+a`,ararN.. .......... . ....
<br />-W.J
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