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MORTGAGE 1,-- 001130
<br />THIS INDENTURE, =& tltia _ 7th day of.__March._ - - - -__ 19 85 , by and between
<br />WILLIAM R._RUTSAY AND RITA_J. RUTSAY, HUSBAND AND WIFE
<br />Of Hal I County. Nebraska, as mongagor S and Horne Federal SAvin8s and Loan
<br />orpnized a� existing under the taws of the United Sates of America with its Association of Grand IdatM, a corporation
<br />tnartgegeel principal office and place of business at Grand Island, Nebraska, as
<br />WITNESSETH: That said mortgagor S for and in consideration of the sum of F IV.E_THOUSA_ND FIVE HIINDRFD
<br />TEN DOLLARS AND NO/ 100 --------------------------- n^ ears fs 5,510.00
<br />the taYipt of which is hereby xktrewfodged, do by these presents mort gage and warrant unto said moat
<br />gaga. its successors and assigta,
<br />forever, all the following described real estate, situated in the County of Hall
<br />and State of Nebraska, to-wit:
<br />LOT FIVE (5) IN FARMINGTON SUBDIVISION TO THE CITY OF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA.
<br />Together with ail Treating, air conditioning, lighting, and plumbing equipment and fixtures, includin w n
<br />R screens, anings, storm widows and
<br />placed thereon. are
<br />doors. and window shades or blinds, used on or in connection with said property, whether the same now boated w said property n hereafter
<br />TO HAVE AND TO HOLD THE SAME. together with all and singular the tenements, hereditament% and appurtenances thereunto be.
<br />longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor S _. hereby covenant -_ with .aid
<br />mortgages that . - t be _y- are- , at the delivery hereof, the lawful owner S. of the premises above conveyed and tlescrilred,
<br />. - seized of a good nid 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 executed and delivered to secure the payment of the sum of _..F I.VE__THOMND__.__ .
<br />FIVE NUNDREQ- TEN.._QOLLARS_AND NO /100_- - - - --
<br />Dollars 15 so 510.DQ.__ -.
<br />weal► interest thereon. together with such charges and advances as ma be due and
<br />Y payable to said rtrortgat{ee under the term- and conditions
<br />Of tht Promissory note of evert date herewith and secured hereby, executed h said mart •
<br />IN said note, and to SWUM the Y said mortgagor -S_.. to said mortgagee, payable as expressed
<br />ho by of all the [arms and conditions contained therein. The terms of said note are hereby incorporated
<br />It es the Wamition ed agreenwnt of the parties hereto that this mortgage shall also secure any future advances made to said mortgagors_._
<br />by and any and all indebtedness in addition to the amount above stated which said mortgagor%, or any of them, may owe to
<br />. however evidenced, whether by note. book account or otherwise. This mortgage shall remain in full force and effect Tretwevn
<br />the and their heirs. personal
<br />Myaro, are paid in felt with interest. representatives, successors and assigns, until all amounts secured hereunder, intlutling futum
<br />The mor4pWw,s hereby assign to said mortgoges
<br />hereby authorize
<br />said or its . upon all rants and income rasing i any and all limas from raid proper[ ;v scan
<br />ther"iftrall and agent, at its option, upon default, to take charge of said Property and collect all roots and irxs)nte
<br />apply the Name to the psyrnent of interest, principal, insurance premiums, taxes, assessments.
<br />AKOSOWY
<br />to lwoep �d Y condition, or to other char now he or im{ secured, T t t
<br />rwre ore or payments The taking g (f pama or in he [tote hereby secured. manner
<br />Prevent shell coati in fames unW the unpaid balance of said tote is fully paid. The taking of {x>ssettsion htreundt•r %hail in ma manner
<br />or retatrif said in the collection of said sums by foreclosure or otherwise.
<br />The fagum of the mortgagee to assert any of its rights hareundar at any time shall not be construed as a waiver of its right to asaW, the
<br />%NNW at any I&W tom, and to insist upon std enforce stria, compliance with all the terms and provimoos of said note and of this nmrtgage.
<br />11 sad S shall cause to he paid to said nortgagee the entire amount due it hereunder, and under the tarns anti provisions
<br />of said now hweby secured, inch idling future advances, and any extensions or ritnewals therr•t in accordance with the terms and pnwisions
<br />and N SOW MW410111W 5...._._ shall comply with all the provisions of said [tote and of this nurrtgtrge, then thew presents shall be void:
<br />dwkm M rasslift is fad hwWaW slat, and said mortgagee shall be entitled to the posaaskrn of all of said property. anti rimy. at its oPt Ion.
<br />tot "#0118 of sad ns#* and all I represented the a N Y.
<br />or other legal a! to protect its r Y to be immediately due and payable, anti may fnrerkxas this earn
<br />right. Appraissntant waived. dam"
<br />This m&r4pp shad be binding upon and shall enure to the benefit of the heir %, executors. adrninistrotora. su{ceaarrs atd aasi
<br />live'patti here"). gn% ref tic•
<br />IN W17N/ s ' HIwftE spid ollgagor 5 ha VL' hereuat.o set their
<br />Witt
<br />, hard the day am) year first show
<br />LILIAM R. RUTSAY
<br />R 1 TA J. Rl1 TSAY!w___
<br />W
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