<br />MORTGAGE
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<br />84 - 0056::;-;
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<br />THIS INDENTURE, made tlUs~._____2.3Jm__~_ day of __Jlc.tobeL_._...._.__.____' 1984__, by and between
<br />__HARRI_l-,-GALBRAIIJ::L~ PATRIC1LIl,. GALBRAITH. HUSBI:\ND AND WIFr:
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<br />of Ha 1 1 County. Nebraska, as mortgagor S . 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;
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<br />WITNESSETH: Thalsaid mOrlg&gor S ,forandioconsideraliooofthesurnor TWr:1 VF THOIISAI\IO FIFTY-FOUR
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<br />0011 ARS ANO ?'i/lOO --------------------------:-------------IloUars(S 12.054.25 l.
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<br />the receipt of which is hereby acknowledged. do
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<br />by these: presents mortgage and warrant unto said monpgt:e. its successors and asaip$.
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<br />forever, all the following described real estate, situated in the County of Ha 11
<br />and State of Nebraska, to-wit:
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<br />LOT FIFTEEN (15) IN BLOCK FIFTEEN (15) IN SCARFF'S ADDITION TO WEST LAWN, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br />Together with all hesting. Sll conditioning. lighting, and plumbing equipment and fixtures. induding screens. awnings. storm windows and
<br />doors. and window shades or blinds. used on or in connection with said property, whether the same are now located on said property or ~fter
<br />placed thereon.
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<br />TO HAVE AND TO HOLD THE SAME. tog~theT With all and singular the tenements, hereditaments and appurtenances t.hereunto be-
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<br />longing, or in anywise appertaining,- larever. and warrant the title to the same. Said morgagor _.$..___ hereby covenant .~._~._ with said
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<br />mortgagee that t h~ are._ , at the delivery hereof. the lawful owner S--- of the premises above conveyed and described.
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<br />~ ~_ seized of a good and indefeasible estate of inheritance therein. free and clear of aU encumbrances. and that_the--Y- wilt
<br />warrant and defend the title thereto forever against the claims and demands of aU persons whomsoever.
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<br />PROVIDED AL WAYS, and tlUs instrumen~ IS exocutro and delivered to secure the payment ofthe sum of .JJi,E:L V ~.lHOUSA!!!!-
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<br />LIETY _ F1lllR.. DOLlARS AND~25t lOO - -- -- ~ - ~____uu~u~___. DoUars t$ ..12~!l5.!L25_._..-_-----I,
<br />with interest thereon. together with such charges tmd mivarlL'es as may be due Bnd payable to said mortgagee under the terms and conditions
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<br />of the promissory nole of even date herew~th Rnd St~,.'urt'1.1 hereby, executed by said mort~agor S-.- _ to said mortgagee, payable as expressed
<br />in said note. and to secure the performance of all the hmns and conditions contained therein_ The terms of said note are hereby incorporated
<br />herem by this reference
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<br />It is the intention and. &greeffit'lnt of the partIes herew that this mortgage shall also secure any future advarn..'eS maoo to said mortgagor.L
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<br />by stlid mortgagee, and sny and all i.ndebtedn~s in addition to the alllount above stated whid, said mortgagors. or any of them. mB)' owe to
<br />said mortg8g~, howt'ver t'videnc.:ed, whether by nole. hook 8c.'Cuunt or otherwise-. This mortltage shall remain in full force Bnd effect between
<br />the vart~s h(Oreto ant! their heirs, personal l"t'prcsenltlll\'t'S, successors and assigns, until all amounts socured hereunder. including futuN:'
<br />advances. are paid in full with mterest.
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<br />The mongagor _ :?__ hereby assign _ to said mortgagee all rents and income ansing at any and aU times from said property and
<br />hereby authorize said mortgagee or its agent, at its vplion, upon default, to take (.'harge of said property and collect aU rl'nts and income
<br />therelrom and apply the same to the payment of mlerest, principal. insurance premiums. taxes. assessments. repairs or improvements
<br />necessary to keep said property in tenautable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent assignment shall continue in fon:--c unul the unpaid balance of said nole is fully paid. The Ulking of possession hereunder shall in no mann.-r
<br />prevent or retard said mon.gagee in the c..-oU('(~tion of said ~um~ by foroclosurl" or otherwise.
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<br />The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as 8. wai.....er of its Tight to assert. the
<br />sa.m~ at any later time, and to insist upon and enfoa'e st.net compliance with all the termt'l and provisions of said note and of this mortgage.
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<br />If u.id mortgagor 5 shall cause to be paid to said mortgagee the entire amount due il hereunder, and under the terms and provisions
<br />o( said note bereby secured. including future advanc...-es. and any extensions or renewals thereof in accordance with the tt-'rnL'i; and provisions
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<br />thereof. and if said mortgagor _5 ~_. shall comply with aU the provIsions of said note lUld of this mortgage, then these prestmL.-,; shall be void;
<br />otherwise to remain in full force and effect, and said mortgagoo shall be ~ntilled to the possession of aU of said pro~rty. and may. at its opLion,
<br />declare the wbokt of said DOte and all indebtedness represented thereby t.o be immediately due and payable, and muy foredose this mortgag:l'
<br />or t..ak.e Bny other legal action to protect its right. Appraisement waived.
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<br />Thi::l mortgqe shall be blnding upon and shall enure to the bl'n~ht of lhc.~ heirs, (',"ocutor~, ~\dnHnjstr8lOrs, succes~m~ and asslgns of th(>
<br />n-.8pt"Ctive 'parties hereto.
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<br />IN. WI)I'NESS WIl.t;~).F. SOld Mortg.gor S
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<br />ha/~,i S _ ..rht' day nnd year Hrst nhO'.!t'
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<br />PATRICIA A. GALBRAITH
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