|
04078
<br />MORTGAGE
<br />THIS INDENTURE. assets thin 17th tap of
<br />July 19 8b by and between
<br />ALAN M HEATH AND JUDITH A. HEATH, husband and wife,
<br />Of Hall County, Nebraska, as mortgagor 5 and Home Federal Savntgs and Loan Association of Grand Island. a corporation
<br />organised seed existing under the taws of the United States of Anwica with is principal office stet place of business at Grand Island, Nebraska. as
<br />wArtsom
<br />wITNESSOM: That said mortgagor S for and in consideration of the sum of SIX THOUSAND FIVE HUNDRED
<br />FOURTEEN AND 80 /100=-- - - - - -' --- - -- - -- Donars fs 6,514.80 f
<br />the receipt of which is hereby acknowledged, do _ by these presents mortga *t *4ppmw successors and assign,
<br />Hall
<br />forever, all the following described real estate, situated in the County of and State of Nebraska, to-wit:
<br />THE SOUTH TWENTY (20) FEET OF LOT EIGHTY EIGHT (88), AND THE NORTH THIRTY (30)
<br />FEET OF LOT EIGHTY - SEVEN! (87), OF "HAWTHORNE PLACE ", BEING A SUBDIVISION OF PART
<br />OF THE NORTHWEST QUARTER (NW;) OF SECTION TWENTY -TWO (22), IW TOWNSHIP (11)
<br />NORTH, RANGE NINE (9) NEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br />Together with all beating, 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 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 morgagorS ..—._ hereby covenant _S with said
<br />mortgagee that ___ t he.Y___ d re __.__ , at the delivery hereof, the lawful owner_5____ of the premises above conveyed and described.
<br />iod a re— seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances. and that the3 —will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever. SIX THOUSAND FIVE
<br />PROVIDED ALWAYS, and this instrument's executed and delivered to secure the payment of the sum of.
<br />HUNDRED FOURTEEN AND 80/ 100 ---- ----------------- -- --__ Dollars wli_514,80
<br />with intaieet 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 this 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 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 ful! with interest.
<br />The nactgagor S__ hereby aasign5 . 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 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 kyp sad property in tenantable condition, or toother charges or payments provided for herein or in the note hereby secured. This
<br />rem 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 at any later time, and to insist upon and enforce strict compliance with all the terms and provisions of said rote and of this mortgage.
<br />If 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 nota bereby secured, encluditig future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />Owed. and if said mortgagor S sball comply with all the provisions of said note end of this mortgage, then these presents shall be void:
<br />othsrwos to rear ain m full forte and 611100 , and said mortgagee shall be entitled to the possession of all of said property. and may, at its option,
<br />declare the whey of said note zed all indebtedoar represented thereby to be immediately due and payable. and may foreclose this mortgage
<br />or take any otker hap[ action to protect its tight. Appriumment waived.
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors, admnnstraton. successors and assigns of the
<br />reepeclivs parties hereto.
<br />IN WI * o' RI. ' tgwS_..%ha ��e. hereunto set tMt:lt' hand? the day and dear first aMivr
<br />A F!, id % v !i A. HEATH
<br />i
<br />lv..
<br />
|