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86- 108354
<br />MORTGAGE
<br />THIS INDENTURE, made tftia__.__._17th _._ - day of__ June __---- .___.-- 19 $f)_, by and between
<br />JAMES D. NELSON AND EMILIA NELSON, HUSBAND AND WIFE
<br />of Hall 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 S for and in consideration of the sum of FIVE THOUSAND SIX HUNDRED
<br />SIXTY ONE DOLLARS AND 48 100 --- - - - - -- ------- - - - - -- Doi ars
<br />the receipt of which is hereby acknowledged, do— _ -by these presents mortmdanb mortgagee; its successors and assigns,
<br />RtgE : ,
<br />forever, all the following described real estate, situated in the County of Ha 1 I A 40
<br />and State of Nebraska, to -wit:
<br />THE SOUTHERLY SIXTY -SIX FEET (S66') OF THE EASTERLY ONE -HALF (Ez) OF BLOCK EIGHT
<br />(8), IN WINDOLPH'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBARSKA
<br />Together with all heating, air conditioning, liphting, 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 tenements, hereditaments 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 he ,Xslre_. . , at the delivery hereof, 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_ he YL 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 secure the payment of the sum of _ F I V E - THOUSAND
<br />STX HLINDRED__SIXTY_ONE_DOLLARS AND 98L 100._------ _- _- ._-=---- Dollars fS -5,664_-g.&
<br />----- - - - - -- -1.
<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 mortgagor S____. 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 w said mortgagor.s-...
<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 t.o
<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 mortgagor - ._S.. -. 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 propertv 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 tenantableaonditfon, 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 he construed as a waiver of its right to assert the
<br />some at any later time, and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this mortgage.
<br />It said mortgagor S shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and if said mortgagor S - shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />otherwise to remain in full forte and effect, and said mortgagee shall be entitled to the possession of all of said property, and may, at its option,
<br />declare the whole of said now and all indebtedness; represented thereby to be immediately due and payable, and may foreclose this mortgage
<br />or take any other toga] 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, successors and assigns of the
<br />reapalive'parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor _5 have hereunto set their hand .5 the day and year first ubnve
<br />written _
<br />i3:'FiEl.50N_ EM�LI-y A NE�� LSUry
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