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MORTGAGE 85- 005961
<br />THIS INDENTURE. made thin - - - -- -day of____- December 144355. -, by and between
<br />STEVEN E. ARNOLD AND MARILYN ARNOLD, HUSBAND AND WIFE
<br />of Hal 1 County, Nebraska, as mortgagor S —,and Home Federal Savings and Lean Association of Grand Island, acorporation
<br />organized and existing under the laws of the United States of America with its principal office and place of husioess at Grand island, Nebraska, as
<br />» .
<br />WIT'NESSETH: That said mortgagor S , for and inconsideration of the sum of FIFTEEN THOUSAND FIVE HUNDRED
<br />THIRTY SIX DOLLARS AND 46 1 00--------------------- - - - - -- Doitmfs 15,536.46 1,
<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 />LOT THIRTY FOUR (34) IN BLOCK ONE (1) IN DALE ROUSH SECOND SUBDIVISION, HALL COUNTY
<br />NEBRASKA
<br />Together with all heating, or 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 />pieced thereon.
<br />TO HAVE AND TO HOLD THE SAME. whether with till anu singular the tenements. her ddaments and appurtenance-s thereunu, he-
<br />longing, or in anywise apperuining, forever. and warrant the title to the same- Said morgagorS hereby covenant with said
<br />mortgagee that t he)r dre , at the delivery hereof, the lawful owner S of the premises above conyeytd and described.
<br />and_ are . seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances. and that _ the % will
<br />warrant and defend the title thereto forever against the clauns and demands of all persons whornwiever .
<br />PROVIDED ALWAYS. and this instrument is extruied and delivered to stovre the payment of the sum of F I-FTEEN.. THQUSAN.D _. _
<br />FIVE HUNDRED THIRTY SIX DOLLARS AND 46/100 ------ - - - - -- ihbuarsta 15,536.46
<br />with interest thereon, together with such charges and advances as may be due and payable to said m,tngagis, under the terms and conditions
<br />of the promissory note of even dace herewnh and s wore i hereby. vxtrut.ed by said rrxirtgagor S it, said mongagee• payable as expreswd
<br />in said note, and to aacure the performance of all the terms and conditions contained thrrem The terms of said note are hereby incorporated
<br />bends by this reference.
<br />It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances trade to said mortgagor S
<br />by said mortgagee, and any and all indebtadnaes in addition to the amount alwve .stated which said mortgagors. or any of them, may owe co
<br />raid mortgages, however evidenced, whether by note. look account cK otherwise. This mortgage shall remain in full force and effect twt wean
<br />On partite hereto and their heirs, personal representatives• successors and assigns. until all amounts securer) hereunder, including future
<br />advances, are paid in fui: with interest.
<br />The mortgagor _. S_ - hereby sasign w said mortgagee all rents and income arising at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at IoM option, upon default. to take charge of said property end collect all rents and irxvtme•
<br />therefrom and apply the some w the payment of interest, principal, insurance premiums. taxes• assessments. repairs or improvem nos
<br />naasesey to kip acid property m tenantable tandition. fir to other charges or payments provided for herein or in the note hereby secured. This
<br />rent assignment shad! continue in foee until the unpaid halana• of said note is fully paid The taking of possession hereunder shall in net manner
<br />prevent or retard said mortgagee in the collection of said sums by frtreclosure 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 right to as_.ert the
<br />saint at any later time, and to insist upon and enforce strict compliance with all the wrms and provisions of said note and of this mortgage
<br />If said mortgagor S shall cause to be pad tot said rrwrtgagw the entire amount due at hereunder• and under the terms and provisions
<br />of acrid now hereby secured, including future advances, and any extenaons or renewals thereof in accordance with the terms and provisions
<br />thereof. and if said mortgagor S_, shall comply with all the provisions of said note and of this rrstngsgc, then these presents shall he void,
<br />otlem %is* to resale in full force and affect, and led mortgagee shall be entitled to the ptssexsion of all of said property. and tray. at its eyton.
<br />declare the whale of said note and all indabtedoees represented thereby to he immediately due and payable, six) may ftworlose this mortgage
<br />or take any other legal artun to protect its tight. Appraisement waived.
<br />This mortgage shall de binding: upon and Rhall enure to the benefit of the heirs. Pie,vuos. administrator• , suctvtssors and assigns of the
<br />t""16ve'parties hweto
<br />IN W1TNIIAS WIIF.HPOF. said Mortgagor 5 ha Ve hereonto m4 their Nand$ the day and Near firs A—.,
<br />writ � /- r,. �;..c. f � :',`//'• ., �' a� f } ;.1 . t
<br />STEVEN E. ARNOLD MARILYN AANOLD
<br />J
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