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<br />MORTGAGE 85- 006440
<br />25th October 85
<br />THIS INDENTURE, made this _ 5 5 dny of - -_ __ c _— _ __ 79 _. _ by and br tween
<br />JOHN MAJORINS AND ALICE K. MAJORINS, HUSBAND AND WIFE, AND VELTA MAJORINS,
<br />A WIDOW _ ______
<br />Of Hall —County, Nebraska, as mortgagor S _ —, and Home Federal Savings and Loan Association of Grand Island, acorporaimn
<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 Sforandinconsiderationofthesumo f_ THREE THOUSAND FOUR HUNDRED___
<br />TWENTY -SIX DOLLARS AND 18 100 -------------------------
<br />— - - --- -- — — - - - -�— -- - - -- - - - -- D.IIars is 3 4 2 6.1 - - - -- -- ),
<br />The receipt of which is hereby acknowledged, do - _- _ -_ - - -- __ by these presents mortgage and wagani unto said mortgagee. its successors and assigns,
<br />forever, ail the following described real estate, situated in the County of and State of Nebraska, to -wit:
<br />THE NORTHERLY ONE -HALF OF THE NORTHERLY ONE -HALF OF LOT ONE (1) AND THE NORTHERLY
<br />ONE -HALF OF THE NORTHERLY ONE -HALF OF THE EASTERLY 14 FEET OF LOT TWO (2), ALL Ill
<br />BLOCK TWELVE (12) IN ARNOLD AND ABBOTT'S ADDITION TO THE CITY OF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures. including - re•ns, 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 tin said profivrt y or hereafter
<br />plated thereon.
<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 her•hy covenant with said
<br />mortgagee that t by are at the delivery hereof. the lawful owner S of the premises above Conveyed and descrilsq].
<br />and . _arse seized of a good and indefeasible estate of inheritance therein, 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 instriument is executed and delivered to secure the payment of the sum of THREE THOUSAND _..- .
<br />FOUR _HUNDRED TWENTY -SIX DOLLARS AND 18 /100 ------- - - - - -- Dallar,(s 3426.18 _ I.
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgagee 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 rote. and to secure the performance of all the terns 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 hereW 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 above stated which said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including future
<br />advances, are paid in full with interest.
<br />The mortgagor _. S. hereby assign sees.. to said mortgagee all rents and income arising at any and ail timers from said property anti
<br />hereby authorize said nortgagoe 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 keep said property in tenantable condition, or to other charges or payments provided for herein or in the haute hereby secured The,
<br />renit assignment shall continue in forte until the unpaid balance of said note is fully paid. The taking of possession hereunder .hall in no manner
<br />prevent or retard said mortgagee in the. collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee W assert any of its rights hereunder at any time shall not be construed as A waiver of its : fight to assert t he
<br />same at any later time, and W insist upon and enforce strict compliance with all the terms and provisions of said now and of this mortgage
<br />If said mortgagor S shall cause W he [mid W said mortgagee the entire amount dui, it hereunder, and under the terns and provisions
<br />of sold note hereby secured, including future advances, and any extensions or renewals thereof in Accordance with the terms and provisinus
<br />thereof, and if said mortgagor. S shall comply with oil the provisions of said note anti of this mortgage, then these presents shell he void.
<br />otherwise to rennin in full forte and offaet. and said mortgagee shall be entitled to the posWlAAnn of all of said properly, and may, At its option,
<br />declare the whole of said note and all indebtedness represented thereby to be immediately due and payable, and may foreclose t his naergage
<br />or who any other legal action W protect its right. Appraisement waived.
<br />This tnrrtgago shall be binding upon and shall enure to the benefit of the heirs, executors, ndnnimstr tors, e.urvessors and assigns of the
<br />respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S ha VP hereunto set their hand 5 the dny and year first above
<br />writ
<br />r ORI G% ALICE K. MAJORINS;'
<br />VELTA 11AJOIIINS
<br />V- ._ -__._ ______ �___•__ ��_ ��... Y. �-- �..--. �.. r�........ �......................- ....�•, ....�..t..�.r #.rte:
<br />In
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