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MORTGAGE 85Q429��,
<br />1 THIS INDENTURE. 17t85-002961, _
<br />y da o_ -- June
<br />_ 19 85 by and between
<br />____.FRANk_�� STQECER..ANQ_SUSAN J._ STOEGER, HUSBAND AND.WIFE _ _
<br />Of --1a1R JA_..____.. —._ County, Nebraska° as mortgagor _ _ .__..____ _._ 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 inconsideration of the sun, of _ �E�L�()11SANil F T f'! 1T uI RED—SEVEN
<br />-MR- DOLLARS AND 31100
<br />_____�__ ._ __ __ -_ - - -- . - ---- _ -- : °° Dollarsfs___ — .8J ?.3Q___
<br />the receipt of which is hereby acknowledged, do by these presents rob
<br />its successors and assigns,
<br />forever, all the following descri bed real estate, situated in the County of
<br />and Stag of Nchr askaa, to ,
<br />LOT TWENTY -SEVEN (27) WOLFE'S SUBDIVISION, IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<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,
<br />placed thereon. same are the sam are now kxated on said property or hereafter
<br />TO HAVE AND TO HOLD THE SAME1. 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 herehv covenant with card
<br />mortgagee that t_ he Y ._ - are. . at the delivery herecif, the lawful owner S of the premises above conveyed and descrilsed,
<br />and —..cl -e_ _., seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances, and that t hey well
<br />warrant and defend the title thereto forever against the claims and demauu, of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of TEN_ THOUSA140 E IGflT
<br />WMRED__SEVENTEEN. DOLLARS AND 30/100 ------------------ l;nuar5r� .10,$17.30
<br />with interest thereon. together with such charges and advances as may he due and payable to said mongap;ee under the terms and condition,
<br />of the Prorrussory note of even date herewith and secured hereby, executed by said mortgagor-S.-
<br />to said note, and to secure the performance of all the terms and conditions contained therein The terms of said rnote Eare hearebly incorporated
<br />herein by this reference.
<br />It is the intention and agreement of the parties hereto chat this mortgage shall also secure any future advances made to said rm rtgagorS
<br />by said mortgagee, and any and all indebtedness in addition to the amount abswe stated which said mortgagors, or any of then,, rnav Brae ti,
<br />said mortgagee. however evidenced. whether by note, hook account ctr otherwise. This mortgage shall remain in full force and effect trt•twcs =ri
<br />parties hereto and their heir's, personal representatives, successors and assigns. until all amounts secur"J hereunder. including ft'ture
<br />advances, are paid in full with interest.
<br />The mortgagor S y assign to said mortgagee all rents and income arising at any and all times Irom sitid prop erty and
<br />hereby authorize said rtgagde esr its agent, at it.4 option. upon default, to take chargt. of said property and collect all rents and inanmc
<br />therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes. assessment%. mpairs or irnpnlve me ntr,
<br />neiceasary to keep sari! property in tenantable condition, or to other charges or payments provided for herein or in the note. M v secured. This
<br />rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of to isessu:n hereunder shall in oar 111anner
<br />Prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise
<br />The failure of the mortgagee G> assert any of its rights hereunder at any time :shall not he 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 elf said note' and of this nh)rtgag,
<br />Of SAW nOW If said inortegor S shall cause to be paid to raid mortgagees the entire amount due it hereunder. and under the terms lend pwee 1st „nti
<br />hereby sec.ured. including future advances, and any extensions or renewals thereof in ac •ordaoCe with if* term,% and provision,
<br />thereof Otherwise to MWAM ° SM d said mortgagor S - shall comply with all the provisions of said note and of this mortgage. then the presents shall to vole!,
<br />decliare the whole in full tome and effect, and said mortgagee shall be entitled to the Ixassession of Ali of said property, and relay. , at its rapt lore.
<br />of , • all indebtedness mpry nted thereby to be imrnexliately due and payable. and may forec lose this nortgaor
<br />or take any other legal actin to protract its right:. Appraisenwrit waived.
<br />This mortgage shall be binding upon and shall enure to the I:re.ne:fit, of the heirs, exccutarrs, sdnuni�atrrators, snceeesserrs and assign; 09 the
<br />re tivv hereto
<br />IN PVC `F :SAS Wi(•EREOF. 40:1 Mvrtxagjrr S ha Ve hereunh. ,'e,t their hand 5 the dAy� .uul year foal
<br />written
<br />FRAPJt`-V. ��STOEGER
<br />SUSAN J. STOEG R
<br />
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