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<br />MORTGAGE
<br />THIS INdENTURE, marls this ___l~th ___.. _-__------. day of __._. ..__FeprUary___. .__.._.. f9 $4_, by and between
<br />IRA J. LEE AND EDRA J. LEE, HUSBAND AND WIFE
<br />p( Hal 1 County, Nebraska, az mortgagor S ~ _, and Nome Federal Savings and Loan Association of Grandlafatd, a corpbraiton _
<br />organized and existing under the laws of the United States of America with its principal office and place of business at Grand°Island-, Netira6ki;-az
<br />mortgage; ,
<br />WITNE,SSETH: That said mortgagor._~_, for and in consideration of the sum of EIGHT- -THOUSANQ~ y.XTY F011R`
<br />DOLIARS AND 10/100 ----------------------------"----~----~uarsS4:•A~064:_lA b
<br />the receipt of which is htteby acknowledged, do ~_ by these presents mortgage aril warrant unto said morY`iga, fts succeasorsa¢d-assfgnir.
<br />fnrsver, ail the following described real estate, situated in the County of __._.Hg.l._l.-__-
<br />and State of Nebraska, to-wit:
<br />LOT SIX (6) IN BLOCK ONE HUNDRED THIRTY (130) IN KOENIG AND'
<br />WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, -
<br />NEBRASKA.
<br />Together with all besting, air conditioning, lighting, and plumbing equipment grid fixtures, including screens, awnings,.scorm wibtlgws end
<br />doors,.and window shades or blinds, used on or m connection with said property, whether the same are now lor~ted an said property of hereafter
<br />placed thereon. -
<br />TO HAV E ANU 1'O HOLU THE SAME, together with all and singular the tenements, heceditaments. and appurtertarsces--thereunto be~
<br />longing, or in anywise appertaining, foreeeq and warrant Lhe title [o the same. Said- morgagot5___ hereby covenant _,.._._. with-said
<br />mortgagee that _.. the X-_ __.d P.e._ , at the delivery hereof, the lawful nwner._$__. of [he premises above conveyed end. described; -,
<br />and--dk`~._... seized of a good errd indefeasible estate of inheritance therein, Ines and clear of all encumbrances, and.Chat...~.he;~,wJL
<br />weirant and defend the title thereto Forever against the claims end damends of ail persons whomsoever.
<br />PROVIDED ALWAYS, and this ins[ruroent is executed and dslivered to secure the payment ofthe-sum of ];I~i..~{~[.,_T}jOU~ANQ _
<br />.SIXTY-FOUR DOLLARS AND 10/100 ------ ------ --- ----r H 064.
<br />_ _ _._ _.... _-- - - -... -..._ - _. --_-- --__--- .follars fg--'~-- 10 ------1.
<br />with interest thereon, together with such charges end advances as may be due and payable to said mortgagee under the tenna:and. conditions.
<br />of the promissory note of even date herewith and secured hereby, executed by said mortgagor .$_._ to said.mgrtgagee,.psyable as-, expressed: ~_
<br />m said rate, and to secure the performance o[ all the terms end conditions contained therein. The terms of said-note are hereby incurpoiated-
<br />herein -by this reference. - -
<br />It is the i¢te¢tao¢ and agreement of the parties hereto that this mortgage shell.sleo secure any future advances made to said~mortgegor~..,
<br />by said mortgagee, and any and all indebtedness in addition to the amount atxrve stated whist. said mortgagors, or.any of them; may owe tq
<br />said mortgagee, however evidenced, whether by note, bank account pr otherwise, 'Phis mgrtgage shalt rerun in full force and effect. between
<br />the parties hereto and their heirs, persgnal representatives, successors and assigns, until all amounts secured hereunder, including .future
<br />advances, are paid in fuL' with interact.
<br />The mortgagor_S hereby assign .___... to said mortgagee afl rents end incgme arrsing at any andall Limes Lran said-pmperLy and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all Tents and. income
<br />therefrom and apply the same to the paymont of Interest, principal, insurance premiums, taxes, assessments, repairs or improvements
<br />- tteceasary to keep tiaid ptppertY ~ teoantabk condition, or to other charges or payme¢ts-.provided:for hereinor in fhe.ngte hereby secured. Phis
<br />rent assignment shall continua in !once until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner
<br />preve¢T or retard said mortgagce in the collection of said sums by for closure or otherwise.
<br />The `failure oLthe mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its Tight-.to assert:fhe
<br />same et any lsier timR and to insist upon end e¢force strict complsaoce with all the terms and pmvisions of said note arrd of this nartgage.
<br />[{ said mortgagor S skull sauce to be paid w said mortgagee the entire amount due it hereunder, and under Lhe terms and provisions
<br />of said rata beiaby secured, including future adve¢ces, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thaoof,. std U cud enortgogor ~,._... skuiU rnmply with all the provisionx of said note and of this mortgage, then Lhasa presents shall he void;
<br />OTf1Blwlaa W re¢uin in full force a¢d effect, and.said mgrrgagee shall ba entitled to tlsa possession of alt of said prcttarty, and mey,:a4.ita optwn,
<br />daciara.ttre xkole o[ said Dote aaf alt kdebtadaesa reprewnted tharef>y to be immediately due and payable. nrtd may [orecloao this mortgage
<br />or 4~Ire.say other legal est}on w protect its eight. Apprafsapsnttt waited. - -
<br />Thin mottgkga,shall be.hirdirrg upon and ahelk e¢urn us the benefit of the httirs, axvx,~uWrs, adminiutrators. successors nod+sss{gna of Cho
<br />raspecaive'pgrcie:_ hereto. - -
<br />- 1N: WITNESS WHERkOF, said Mo, or. ha h±e±cla~r s+?t- ~ h~,d ..the day e.^.-t y,.s ti:st shore
<br />wrif~an, ~; - ~
<br />~E EDRA J. LEE
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