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MORTGAGE
<br />THIS INDENTURE, trade this_. ____2r1a_--- -_- -- - -._ day of _ De..CP_Mber.____ -- lib __$-5 , by and between
<br />_MORRIS A. DREHER. AND _BETTY J.. _DREHERL HUSBAND_AND WIFE
<br />of Hall 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_ 5 for and in consideration of the sum of SEVEN THOUSAND FIVE HUNDRED
<br />FIFTY DOLLARS AND 50 LOO ------- - - - - -- - - - - --
<br />- - - -� -- - -- -- Donar:(f 7,550.50
<br />the receipt of which is hereby acknowledged, 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 __ Ha I I _
<br />and State of Nebraska, to -wit:
<br />THE NORTHERLY SIXTY AND THIRTY -FIVE HUNDREDTHS (N. 60.35) FEET OF LOT FIVE (5),
<br />IN BLOCK EIGHTY -THREE (83), IN THE ORIGINAL TOWN, NOW 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, 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 appurtenarrce'x thereunto he
<br />longing, or in anywise appertaining, forever, and warrant the title to tht, same. Said morgagor S. hereby covenant with said
<br />mortgagee that they are . at the delivery hereof, the lawful ownerS of the premises alcove conveyed and descrdwa.
<br />and. _- _are seised of a good and indefeasible estato 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 instrument is executed and delivered to secure the. payment of the sum of SEVEN _ THOUSAND_
<br />FIVE_ HUNDRED FIFTY DOLLARS, AND 50/1.00 --------------- Dellari i's 7.55.0.50_
<br />with interest thereon, together with such charges and advances as may le due and payable to said mortgagor 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, [sayable as exprss,d
<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 />harm 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 mortgages 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 mortgages, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the ponies 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 to said mortgagee all rents and income arming at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rants and income
<br />tharefrom and apply the same to the payment of interest, principal, insurance premiums. taxes, assessments, refWirs or imfarwertx-nts
<br />ue I ry to bap said property in teneu table condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rem assignment shall «mtinue, in (area until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner
<br />prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the monpgee to snort any of its rights hereunder at any time shall not he construed as it waiver of its right to assert the
<br />same at any later time, and to insist upon and enforce strict compliance with 811 the terms and provisions of said trots and of this mortgage
<br />If said mortgagor S shall cause to be paid to said mortgages the entire amount duo it, hereunder, and under the terms and primmons
<br />of said now hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and if said mortpgor .__S_ shall comply with all the pmvixions of saki note and of this mortgage, then these present.x shall be void.
<br />odierwin to remain in full fora and effed, and said mortgagee shall be entitled to the possession of all of said property, and tray, at its option.
<br />dealer the who* of said tote and all kw{ekNadnsee represented thereby to he immediately due and payable, and may forec:kttne this mortgage
<br />Of take any other legal action to protect its right. Appraisement waived.
<br />This mortgage shall be binding upon and shall enure u, the benefit of the heirs, executors. adnumxtratorx, xur(L'mN)rs anti assigns of the
<br />tMpsotiveparties hereto.
<br />IN wITNE." Wm,',ii qF,, said Mortgagor 5 ha ve hereunto sot their hand S the day avid year first nbnve
<br />MORRtS !l. REIIk�It f{ BETTY J�.' Rit`fIt j
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