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<br />MORTGAGE vJMNW 00146
<br />THIS INDENTURE, alma this __. -- 26th - day of__Ma -rc-h
<br />19 __85. .. , by and between
<br />JAM S L. GR ER AND__ROS_A�IE �,_.�R�ER, HU_�g�Np_(�p_WIFE
<br />of ltd 1 I County, Nebraska, as coon S
<br />mortgagor — and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the laws of the United Slates of America with its principal office and place of business at Grand Island, NeMaska, as
<br />mortgages:
<br />WITNESSETH: That said mortgagor S , for and in consideration of the sum of TEN THOUSAND SEVEN HUNDRED
<br />THIRTY FOUR DOLLARS AND 69/100 -- - - - - -- - Dot>usfs 10.734 69
<br />- - - -- --- - - - - -- —l.
<br />the receipt of which is hereby acknowledged, r°��
<br />hedged do by these presents its successors and assigns,
<br />is
<br />forever, all the following described real estate, situated in the County of _ - 9N
<br />and State of Nebraska. to -wit --Hall _
<br />A TRACT OF LAND COMPRISING A PART OF LOT "H ", JOEHNCK'S SUBDIVISION IN THE SOUTHEAST
<br />QUARTER (SEi) OF SECTION FIFTEEN (15), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9),
<br />WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT A POINT ON THE SOUTHEASTERLY LINE OF MAC ARTHUR AVENUE IN THE CITY OF
<br />GRAND ISLAND, NEBRASKA. SAID POINT BEING THIRTY -THREE (33) FEET SOUTHEASTERLY AND TWO
<br />HUNDRED EIGHTY -FOUR (284) FEET SOUTHWESTERLY FROM THE NORTHEAST CORNER OF SAID LOT "H"
<br />JOEHNCK'S SUBDIVISION; THENCE SOUTHEASTERLY PARALLEL TO THE NORTHEASTERLY LINE OF SAID
<br />LOT "H ", A DISTANCE OF ONE HUNDRED FORTY -ONE AND SIX TENTHS (141.6) FEET; THENCE
<br />SOUTHWESTERLY PARALLEL TO THE NORTHWESTERLY LINE. OF SAID LOT "H ", A DISTANCE OF FIFTY -
<br />FIVE (55) FEET; THENCE NORTHWESTERLY PARALLEL TO THE NORTHEASTERLY LINE OF SAID LOT
<br />"H ", A DISTANCE OF ONE HUNDRED FORTY -ONE AND SIX TENTHS (141.6) FEET TO THE SOUTH-
<br />EASTERLY LINE OF MAC AVEN P
<br />NORTHWESTERLY LLINEOF SAIDLOT" Hal, UDISTANCEOFFIFTY- FIVE(55)RFEETLTOOTHEEPLACE
<br />OF BEGINNING.
<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 m connection with said property. whether the same are now loeate•d 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 %ame, Said morgagor S covenant -_ _ with said
<br />mortgagee that the Y are the dchsery henrof. the lawful owner 5 of the premises above conveyed and described,
<br />;,,d _ are seized of a good and indefeasible estate of inheritance therein, for and clear of all encumbrances, and that t heY_ will
<br />warrant and deferd 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 Pavnent of the sum of TEN THOUS A_N_DSEVEN
<br />HUNDRED_THIRTY -FOUR DOLLARS AND 69/100 ---------- - - - - -- fxivar~IS 10.,.734._69 _.
<br />with interest thereon,
<br />together with such she - - i
<br />Ret charges and advances as may he due and payable to said mortgagee under the terms and conchtions
<br />Of the promissory• note of even date herewith and sectin +l hereby, executed by said mortgagor S.- to said mortgagee. Payable as expn;s, d
<br />in said note. and to secure the performance of all the terms and conditions contamed 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 S
<br />by said «ortgagee, and any and all indebttxhnrss in addition to the amount above stated which said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced. whether fly note, btxik account or otherwise. This rraertgage shall remain in full force and effet ha t.w n
<br />the Parties hereto and their heirs, personal representatives. surcessors and assigns, until all amounts secured hereum /er. including future
<br />advances, are pail in fuil with interest.
<br />The mortgagor __ S.. hereby assign _. to said mortgagee all rents and tricome arising at any and all times from said property and
<br />hereby authorise 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, assesaments, repairs or Improvements
<br />rracesary to keep said property in tnmantable condition, or to "then charges or payments provided for herein or in the tole hereby sevvrtd. Thins
<br />rent assignment shall continue in filter, until the unpaid bnlann• of said note e, fully paid The taking of possession hereunder �. hall en no smiler
<br />prevent or rnard said mortgagee in the collection of said gums 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 niu sit the
<br />"Arne at any later time, and to insist upon and enforce strict compliance with all the terms and Provisions of suit! note and of this rratrigage
<br />If sad mortgagor S shall cause to he pail Uo said ttantgagee the entire amount due it hereunder, and under t he forms anti
<br />of said tote hereby secured, including future advances, and any extensions or renewals lhensof in accurdunce with the terms anti proves ton
<br />thereof' and v said mortgagor S. shall comply with all the Pmvislms of said note and of this mortgage, then there presents shall be void.
<br />GUwmwe b remain to fuiJ force and effect. and said mortgagor stall be entitled to the possession of all of sail property. and may. at its optRal,
<br />declare the whols of said tote and all tadebtedness represented thereby to he inunrdiately due and payable, and may fortclase this natrtgage
<br />or tale any other legst' action to PnAwt its right. Appraisement waived.
<br />This mortgage shall rte binding upon seal shall enure t•. I he benefit of tilt• ht•irs. exe
<br />respective parties herrtei cutors. ndrnuustrntoty wrceswirs and ssvigns ,.I I he
<br />W'tTN1^:;iq W'ifF:KF:OF said Mortgagor ' ha VO hereunto set their hand .aunts and r o da .. �� h y wed veer fr,t „t,o.,
<br />zP,hER WOSALIE r,, (iRCf „R...
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