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<br />MORTGAGE 5-- 002934
<br />THIS INDENTURE, made this __. 19TH _ -_ ____ _ __ __ day of — - -UUne , _ . __ -- _ 19 85. _, by and between
<br />EVERETT C. WILEY AND BETTY L. WILEY, HUSBAND AND WIFE
<br />of Hall County, Nebraska, as mortgagor _ S , and Home Federal Savings and Loan Association of Grand Island, a co
<br />organized and existing under the laws of the United States of America with its principal office and place of business at Grand Islafid, Nebraska, as
<br />mortgagee:
<br />WITNESSETH: That said mortgagor_S for and in consideration of the sum of SEVENTEEN THOUSAND TWO HUNDRED
<br />7. TWENTY THRE DO 5 AND. N_0 _----------------
<br />__ 71mlars tt 17 ?? 00
<br />the receipt of which is hereby acknowledged, do by these presents mortgage and warrant- tWo said mo
<br />ttgagce, its successors and assigns,
<br />forever, all the following described real estate, situated in the County of _ Ha 1 L__�___
<br />and State of Nebraska, to -wit:
<br />THE SOUTHERLY ONE— THIRD(S1 /3) OF LOTS SIX (6) AND SEVEN (7), IN BLOCK FOURTEEN
<br />(14), IN SCHIMMER`S ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, BEING
<br />A RECTANGULAR TRACT OF GROUND HAVING A FRONTAGE OF FORTY —FOUR (44) FEET ON
<br />EDDY STREET.
<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 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 hey are - . 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 Vii 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 t.ca secure the payment of the sum of. - SEVENTEEN_.. - THOUSAND
<br />TW.Q_.H_t1NDRED JWENTY _THRE DOLLARS AND NO1100 ---- - - - - -- Milarsis 11,223.00
<br />with interest thereon, together with such charges and advances as may he due and payable to said mortgagee t
<br />g gee 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 to said mortgagor S
<br />by said mortgagee, and any and all indebtedness in addition to the amount atwve stated which said mortgagors, or any of them, ma% owe to
<br />said mortgagee, however evidenced, whether by note. book account or otherwise. This rteortgage shall remain in full force and effect between
<br />the lmnwq hereto and their heirs, personal represQntatives. successors and assigns, until all amounts secured hereunder, including future
<br />advances. are paid in ful! with interest.
<br />The mortgagor S .. hereby assign to said mortgagee all rents and income arising at any and all timt�.% from said property and
<br />herr,by 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 k said Ia�rty in table rrandition, or to other chat" or payments provided for herein or in the note hereby secured. 'this
<br />rent assignment stroll cntttdnt� in force until the unpaid balance of said neat, is tullo paid. The taking of possession hereunder shall in no manner
<br />prevent or retard said mortg in the col) tion of sated sums by fords ilosury nt 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 />sane at any later time, and to insist upon and enforce strict compliance with all tht• terms and provisions of said note and of this mortgage
<br />If said mortgagor S shall cause to he paid tAi said roOrtgaRve the entire arnount doe it hereunder, and under the terns and provision,
<br />of said y secured, including future advances, and any e•xtensicinro car renewals thereof in accordance with the terms and pnwivions
<br />and if said mortgagor, S. shall comply with all the provisions of said note and of this rn.,rtgage, then these presents shall he void,
<br />otherwise to reenain in full forte and effect, andsami mortgagee shall lx entitted to the possession of all of said property, and may, at its option,
<br />dwAre the whole of said noW aintl all indebtedness represented therebv to be immt�dwvly due and payable, and may foreclose this mortgage
<br />cr take any of dal action W protect its right Appraise .nt waived.
<br />This FoOrtKfigeshall he binding upon anti shall enure v„ the toc°ne itt of the hvITS, arts utearn, administrators, sucreas%ors and assigns of thv
<br />respective pankos hereto
<br />IN WITNESS WHk;kFaN'. s
<br />wort aid Mortp4ticge,r a 1114 velit",ount„ yet their hand the day and near first raboae
<br />n ,,,�
<br />EVERETT C WILEY
<br />EFTTY .1_, WILTY ,
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