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<br />OPE" EN D ~1ORTGAGE
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<br />83_005385
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<br />JOHN PREISENOORF, JR. herein cal led the
<br />~lOrtgagor whether one or more, in cons i deration of _ TWO HUNDRED FIVE THOUSAND ANONO/lO(J~,,-
<br />_____________________________________________-{)oll ars loaned to sa i d Mortgagor, does mortgage.
<br />to HOME FEDERAL SAYI;,GS AND LOAN ASSOCIATION, its successors dnd assigns, the following
<br />descri bed real estate in HALL County, Nebraska: A TRACT OF LANO>COMPRISINGA
<br />PART OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NWkNE;!:) OF SECTION T\iJENT't' ONE (21)
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,
<br />MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF BLOCK FIFTEEN
<br />(15), WINOOLPH ADDITION IN THE CITY OF GRANO ISLAND, HALL COUNTY, NEBRASKA THENCE SOUTH"
<br />EASTERLY AONG THE EASTERLY LINE OF WASHINGTON STREET, A DISTANCE OF ONE HUNDRED FORTY
<br />FIVE AND FIVE TENTHS (145.5) FEET, TO THE NORTHERLY LINE OF OKLAHOMA AVENUE; THENCE': NORTH~
<br />EASTERLY ALONG SAID NORTHERLY LINE OF OKLAHOMA AVENUE, A DISTANCE OF TWO HUNDRED SIXTY FOUR
<br />(264.0) FEET TO THE WESTERLY LINE OF LINCOLN AVENUE; THENCE NORTHWESTERLY ALONG SAID
<br />WESTERLY LINE OF LINCOLN AVENUE, A DISTANCE OF ONE HUNDRED FORTY SIX (146) FEET, TO THE
<br />SOUTHEAST CORNER OF SAID BLOCK FIFTEEN (15) WINDOLPH ADDITION; THENCE WESTERLY ALONG THE
<br />SOUTHERLY LINE OF SAID BLOCK FIFTEEN (15), A DISTANCE OF TWO HUNDRED SIXTY FOUR (264.0)
<br />FEET TO THE PLACE OF BEGINNING, SAID TRACT CONTAINING 0.883 ACRES MORE OR LESS.
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<br />and a II easements and appurtenances together with a II bu i I dings, improvements, fixtures
<br />or appurtenances now or hereafter erected thereon, including al i apparatus, equipment,
<br />fixtures or articles, whether in single units or centrally controlled, used to supply
<br />Ileaf, gas, air-conditioning, water, j ight, power, refrigeration, venti lation or other
<br />services, and any other thing now or hereafter therein or thereon, the furnishing of
<br />which by lessors to lessees for an unfurr.ished bui Iding simi lar to the one now or here-
<br />after on said premises is customary or appropriate, including, but not I imited to, screens,
<br />\-oJ i ndow shades, storm doors and Id i nOO'.'/5, carpet i ng and other f I oar cover i ngs, screen doors,
<br />awn I ngs, biJ i i t- i n d j shwashers, 5 Toves 1 ref r I geretors, and \.Jater heaters and a I I renewa Is
<br />or replacements thereof (al i of "hieh are intended to be and are hereby declared to be a
<br />pan' of said real estate ""eiher rhysically attached thereto or not.) The Association
<br />is nereby subrogated to the r'ights of 311 mortgagees, i ienholders and ownerS paid off by
<br />tile proceeds ot tne loan nert::tl'y' secured.
<br />TO HAVE ,~ND TO HOLD the said p'-oper-ty, wi-r-h said bui Jdings, improvements, fixtures,
<br />appurten::::mces, apparatus dnG G,_,U i prnent 1 ...mto sa i d f\ssoc i at i on 1 its successors and ass i gns,
<br />forever.
<br />~40rtgagor hereby coven an ts \oJ i tn 5<3 i d .Assoc i at ion, j i-5 successors and ass i gns, that
<br />;~ortgagor is lawfully seized .yf said premises, that they Jre tr-ee of encumbrances, and
<br />that fviortgagor \'i i II forever ~";,arranj- and defend the -r i -r-l e to sa I d prern i scs aga i nst the
<br />lawf-ul claims of ai I persons whomsoever_
<br />TH! S MO!~TGAGt: 1 S G 1 \!E:~ r~l SECURE:: \ I) Ti18 payment n t ~.l qcd e e)(t~\~uted by Mor- fgaQor
<br />te"' 1"he Associ "stion b83r"ir.g '..:::/;:::-'1 date h.:,r(:~';'ith in -r~'.l principal sum ciS set for-th above,
<br />wh i.:.n :-joTe, nr i I"C; pc; C:(1tl i nTeres t ~ is payab lei r, r-i,)j-j th i Y j ns ta J I rn:~nts ~",cc()rd i n~] to its
<br />terns, \yith a final maturity, unless sooner paid, on the 1st day uf November
<br />2~~ The holder nereof shal J nave the optio!~ to accelffate the matur-jty ot the note
<br />for which this mor-tgage is given as security, ai dny time after- tht:: _loan
<br />year after first giving thO undersigned or the thell owner 0f i"he premises described herein
<br />a wr i tten not i C8 th re8 mon-rllS I n advance of i t'- j ntent 'to do so. Any prepayment ot
<br />principal made by virtue of th~ exercise of this option shai I be without prepayment
<br />premium. (2) Any additional advances made by the /\ssociation to iv1ortgagor, or Mortgagor's
<br />successors in title.. for any purpose, at "the op"tion of the Association, at any time before
<br />the release and cancellation of this tJ1ortgage, but at no time shal [ this fv1ori"~~age secure
<br />advances on account of said original note and such additional advances in a sum in excess
<br />of TWO HUNDRED FIVE THOUSAND A~JD No!lOo------------------c----Bol I ars; provi ded that noth i ng
<br />herein contained Shall be considered as I imiting the arr<Junt .rhat shall be secur;ed hereby
<br />wl1en advanced to protect the secur i ty or in accordance wi i-h covenants conta i neo in th i s
<br />Mortgage.
<br />Prov idea, never the i ass, these p resents are upon the to I low j ng cond i t ions: that \"Jhereas,
<br />th8 sa i d Mortgagor is a member of So i d Assoc i at i on, has executed a note I n ~'Jr i t i ng TO sa I d
<br />Association tQ repay sum of roney, with interest, in payments as set forth in said
<br />i~ote, and any and al I additional advances, with iflterest, and has agreed to abide by the
<br />Constitution and 8y-Laws of soid Association, and rules and regulations adopted by ; -1-5
<br />coard of Oi rectors.; and agreed and do heraby agree;
<br />I. To pay the indebtedness hereby secured promptly and in ful J campl iance wii"h the
<br />t.erms of the aforesaid Promissory Note and any other nctes 01- agreements for addi t io:-!al
<br />advances as prov i ded here i n God of th i s ;\'iortgag(~ and f Ur"ttl(:r agrees that i:iT tho so] e opt; on
<br />of tJiortgagce- the t-jme o-t payment -of the indebtedness hereby secured, 01' dny pUI-tiD[1 i-here-
<br />of, ma.y be extended or renewed, and any portion of "t"he premises hel-eln descril:cd may,
<br />vsi-thout--riotice, be- r-oieased from the iien hereof \yit'hou~ r-eleasi or- dffec-rinq "j'ti8-personai
<br />I j -;;)0 i I i ty of the Mortgagor here in for -the payment of Sd i d j then re~ld in i I1g
<br />~npdi-cL1 and not chan.ge in i-he owner",ship of said pr'emises sha! j releast:, rdducG or" otherwise
<br />i~t ft~Ci anI $uch 1>\')\'sooa1 I i at) i t i ty or the I i en hwroby cn~atE:}d.
<br />~~ Unditr,~dgn-ed n~serves 'th~_ r-igh-r to prepay this note i(l ltthole or in part (:on any
<br />jt)staJ,lme-nt payment Q,aie prior to from HIe dat~ hereof by thE: 03ymsnt of all
<br />f-().tor:~s-t 'to 'rh-t1 date of pcepaymeni tc<g,~ther \'/ll"h ::1 feE} equal irl
<br />to 180 dl!:fS inter'8st on_ t'ne arnouf"-~" :;0 pc"spaid; ejfHJ if r:rcpai ,~{t6T '-:j(:n Gate then::'
<br />""..f1-at i b,~) rh} pf't1jia'imf.:,if';r ff;'j{t. Tt10 pr'i:-P5yment fee $0 ch~jl'Ut::'J ~~!-\Di i ,"';:';t.~r:,: rn(;" ".')~,<iH\u:fi
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