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<br />MORTGAGE 85-- 004167
<br />THIS IPLDENCUfIE, ssade this-_ ..26th — _ day of if____
<br />LINO _.._ 19 _ 85, by end between
<br />_LINO,.. H. _PEACE AAND_BARBARA .. 4.__PE_ACE_� husband .and..w
<br />of Ha 11 County, Nebraska, as mortgagor S—__, and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing udder the laws of the United States of America with its principal office and piece of business at Grand Island, Nebraska, as
<br />tom:
<br />W ITNESSETH: That said mortgagor._S._._.____ , for and in consideration of the sum of -S-I .X-
<br />50/ 100--- _------ _ °_-.---- 1---- .- . -. - - --
<br />------------ ooflan(s 6 010.50 1.
<br />the receipt of which is hereby acknowledge!, do __.._._.__ by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />forever, all the following described real estate, situated in the County of --- Hall
<br />and State of Nebraska, to -wit:
<br />LOT SEVEN (7) IN BLbCK SIXTY FIVE (65) IN WHEELER AND BENNETT'S ADDITION TO THE
<br />CITY OF GRAND ISLAND, 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 binds, used on or in connection with said property, whether the same are now located ten said property or hereafter
<br />placed thereon
<br />TO HAVE; AND TO HOLD THE SAME, together with nil and singular the tenements. hereditament% and appurtenances thrr unto be-
<br />longing, or in anywier ap{wrtaming, forever, and warrant the title to the same Said morgagor S hereby covenant with said
<br />mortgagee that t hr y are , at the delivery hereof, the lawful owner S of the premises above conveyed and odexribed.
<br />tired __,arf: .9N1Y,ed of, geed and indefeasible estate of inheritance tdoeren, free and clear of all encumbrances. and that t hey . 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 to secure the payment of the sum of SIX THOUSAND - -TEN —
<br />DQ(,LARS AND . 501100-------------------------------- - - - - -- Dollars is _ 6,010.50
<br />with interest thereon, together with much charges and udvances am may he due and payable to said mortgagee under the terms and conditions
<br />of the promissory note of oven date herewith and sic-uresf hereby, executed by said mortgagor S _ to said reengage*, payable as expressed
<br />in amid 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 elect secure any future advances made to said memgagor S_ _
<br />by arid mortgages, and any and all indebtedness in addition to the amount alive stated which said mortgagors. or any of them, may owe to
<br />maid mortgrger„ however evidenced, whether by note. book account or otherwise•. This mortgage shall remain in full force and effect be twtrn
<br />the parties hereto and their heirs, personal reprementatives, succeswns and assigns, until all amounts second hereunder, including future-
<br />edvoncei. am. paid in full with interest.
<br />The malgagor .S_. . hereby assign to said mortgagee all rents and income arising at any and all titers from said property anti
<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 interval, principal, insurance premiums, taxes, assessment". repairs or improvements
<br />nrseesery ties harp acid property in ten"tabM eorditi en. or to other charges or payments provided fix herein or in the note hrr lay secured. Thin
<br />tent asttignmeret shall continue in force until the unpaid leelanre of said note is fully paid. The taking of possession her•unler shall in no manner
<br />prevent or retard said mortgagee in the eollectkm of said mums by foreclosure or otherwime.
<br />The falfure of the mortgagee to AWAI any of its rights hereunder at any time shall not he construed as a waiver of its right to assert the
<br />erne at any IoW time. and to insist upon and rnforcr strict compliance with all the terrn.+ and provisions of said now and of this mortgage.
<br />If said seartplpr S shelf cauas to he pail to said mortgagee the entire arnuunt due it hereunder. anti under the terms and provisions
<br />of void now hereby secured, inches ing future advances, and any extensions or renewals thereof to accordance with the teens and provisions
<br />therrisf, rod if said mia tgagor S.. *half comply with all the provisions of said tide and of then mortgage, then these, presents shall he void:
<br />atltsnAea to twsDirs in hill forest had ohmect, old said lnrrtgagea shall he entitled to the possession of all of red property, and may. at it v ops ion.
<br />thedeM the wrote of said Dore aid AN fndsbtadaeee ttit mwlsted thereby to he immediately due and payshir, and may foreclose this nnorlgW
<br />er tape any other legal radii to protect its right. Appraisament waived.
<br />Thai mort~ shaft be binding upon and shall enure to the teenefit of the heirs, axe +vtors. adtmmstroturs. su,cessete and assigns of the
<br />reapartivi, parUies berrfo
<br />IN Wffl: ;hi Wl1EKEOF', Ia* SVlnflftagea $ he Ve herruntu sea their bend S ire day rind >ear greet abmv
<br />enter re,,', -. I
<br />LI MU K. EAU E
<br />EIA ARA J. PEACE
<br />
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