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<br />LOAN NO, ZIO503991 "MORTGAGE AND SECURITY AGREEMENT"
<br />KNOW ALL MEN BY THESE PRESENTS
<br />THAT HORIZON HOMES ANB IN9ESTtYENTs {A .Partnership)
<br />of the County of HALL and Stare of Nebraska, morfgagon, .n considerotfu of the sum of
<br />TEi1 THOUSAND NINE HUNDRED FIFTY AND NOJ160ths-----------------------(510,950.00 )DOLLARS
<br />the receipt whereof is hereby acknowledged, do hereby SELL AND CONVEY to State Federal Swings and Loon Assxiatim, Beatrice, Nebraska, mortgagee,
<br />the foliowieg described real estate situated, in HALL
<br />County, State of Nebroska, to wit:
<br />Lot Thirteen (13) in Block Twelve (i2), College Addition to West Lawn, City of Grand
<br />Island, Hall County, Nebraska
<br />- Togethm with at{ buildings, emesssents, improvemmsh, fixtures a appartenances now « hmsafrer erected thereon, including, ail apparatus, arpsipmrrnt,
<br />fixtures or articles, 'rrlutfsm in single unite or rzrshally controlled, shed ro supply heat, gas, air conditioning, water, light, pavxr, refrigmmiu, ventiiatiu,
<br />dishwahine, dispnsai, a other micas, ud my other thug now a hercefter thmein a thereon, the famishing of which by lesson to lessees is customary a
<br />aisproesriate, including screcrx, window sherries, stom+ doors ssnd windows, floor comings, wean doors, inb-door bads, awnings, stoves and worm Neaten (all
<br />of which ore declared to be a oat of sold ran! estate wisether physicol!y attarlsed thereto a not). The Mortga~ce is hereby wbrogated to rtes rights of alt mar-
<br />lgopaes, iierdroldms and anen poid oK by the psecoads d the ions hereby secured. This mortgage consitures a searity agroemesst with respect to the chotiels
<br />cosres'ed hereby and wit7s respect ro the fixtures aMOChed to the above described real estme in which malgogce ism u ordinary security interest.
<br />TO F#AVE AND IO tfOLD the sold property, with sold buiidirgs, eosesronh, imprwemenh, fixtures, oppurtrsnm ces, apporatus and equipment, unto sold
<br />Mast9atiee, ih wccassors and msigra forever.
<br />Liss asortpapon nprssent and covenast with the mortgogx that they are iowfuiiy seized in lee simple of sold pram•;ses: that they hove good right and lawful
<br />rsuN+ority ro mi! assd raanvep rise soma; that they are frx and clear from enarrdsronus; that them arc ro outstading security interests rgoirsa any Fixtwes; and
<br />tfsot tfsey will wettest estd defend the tick to sold premises agaimt the claims of al I persons, and thot there sxe rso atstmdvrsg xarity interests m ro uy wd ail
<br />of the above described fi#ures.
<br />f"iQYfDFD, sslrwys resd rime p^esents arc upon esrpress mrsditiu: Ti•at, Wherein the said matgogors have this day r.-scared and defivsrad to the said
<br />Atwciation, artr certein tsars in rise arsosesi d the rove consideration, which ssm with interest m pmvrded oy said Hare or any mutest esod;fication a extension
<br />tFrraaf, and oil sutra which said Associatim afsaN pay wt of its own fsmds for taxes, insurmu err repoin on the property dncrvbrs herein, a future cash advance-
<br />ereeos mode-by tfte mores to tfie rtsorfg~or, a his successor in title, for any purpose at ony time before the release and rancsiiatiu of this nsoregage (pmvid-
<br />ed thot rM said odvomm~wt, togedser with the prinripoi baimx due a< the time of the said odrancement, shall xt exceed rise aigirroi an+ou+rt of Hse mortgage
<br />ad, provided further, thsst rsdhirg herein contained :hail 6e xnsideredm limiting the amamts tha#shoii be sawed hsxetsy wrsen advanced ro protect the :early
<br />a in aecardsrnu with the covenants contained hercir.) :hail mnstitNe the debt owirg to sold Associ~ion and by sold tsars sold rssortgagon promise ro poy said
<br />ir',.atesr .c tfsa Asa"ictian in manHsly i, nalimersts m provided in wid note of even .data ivere.rirh- Lirs kss madifiad err esnanded, the f I payrsserst is des
<br />19O mmtia from dae-
<br />Matguprsrs further '»'es ro pay, befaro delirsgwricy, rise ssma seared hereby, saW all faxes and a!sarges of :vary chmoam assessed a Hour dsse, order
<br />the late of Nehsmka, upon said reol estate, asd sp+ors this mortgage a tiro :sate or debt seared heseay. ro :cep the a,iidirsgs upon sold premises «rwred for fro
<br />and esavsrfe6 taw+ags in :Deno mrrgsarsy m wmpanies acceptable to margogee for m orrwsxsr rro! 4ess that: rrx voiue o{ the building, m dstmmirsed by rtes ma-
<br />tgages or t)se sespaid 6o)anu of tM loan, whichsvm iz kss; ro keep ail amprovemenh in good repair ad condition, witf;aut warts durirg the life d this mortgage;
<br />and fo permit nsartgsyaa err ih agent ro enter upon said premix: ro examine the wiWition of said ;mprwmassrs in ceder ro meats compliance i,erewith.
<br />Shetld dA'osrit be mode in payment cf the suns secured hereby, a any port tisnreof, and said defauh rantirue for sixty ice) days, « shauid sold iraurance
<br />rrat ba prraispfly effected, or tenter or assess:nrnls rest be Paid 6efare deiirsgvenry, or detouif in any of the rerma of me note for which ti:is mortgage is rearity,
<br />a sa;d prsgsrty saW ssr trara£ reed ty decd, cuts..-t, wtian, c~emxnt, err Nkmwise, wirhrz:t grprs.•a! of a s:.~!e.^rentci ~l:anon f« a~:r.r~tinrs of this mu-
<br />tgoge and the debt evidenced ikereby, 6y the Associatim, x it tens of failure ro duly cosarve aid ore 9over++ad by tiro provision asd ~conditiarn of the Charter,
<br />~y-Lcn err sad A~ietiu, and n;}tx and :~ulatixs ~ The Fedma! Sa+ings and Loos Sy=3ei+-+, err if ireured 'cy ^rtarigoga inarance carpo,atiam, to pay in add-
<br />itiu aF tit option of the Aaociarion, tM premium for said irswrance, a tfro discovery bq rtes Assacimian, « its officers, the any of rtes stofemenn contained
<br />in rise app>icatiu far Lisa tom exearted by muryrsgon are false, err if n tax tier , additional martgaga, mccfianiu lien, a other encumbrance .s filed of rosxrd
<br />which iatpwas a lien against the abwa described real ,.rata, then the whek of said indebtedress remainim unpaid s^-ai! at 1t+a apfix aF the sold Auodation,
<br />isamsee due and paydsle without rsrxica, tune lroirg tix essence of :his carvract.
<br />Slwid matgogon fnii ro keep the 6uiidings iraured, m 6srein agreed, or fail to pay rani estate faxes and ;pec;al muserxnts on ti,e sold mortgagee pro-
<br />perty bsdae deiirquenry, snortgz,}es may effeR sold iraurance, pay tassns and iiswrascc premisma, and o3i wch poymenh, with interest as provided in the first
<br />snafgopa odte aerauad by this mortgage, shop be o lien upon said promises arsd sacred hereby.
<br />The asortgggors hveby reifnquists ati homeuead and marital righh of every kind in ud ro the said premises.
<br />fee fks purpose of famishing ftwther xcurity fa rho debt sswred hereby, the matgagon hereby ensign, traafm msd cet aver to the mortgagee, to be applied
<br />laertad the potmsrst tsf flr rota and all ether xeaa secured hari$y, in rose cf a default in the perfomsanca o£ any of t`re trxs~ and condition of this morfgaps or
<br />the tcM note, ~1 the ants, revoasrss, a+d indw ro fie derived tram the mortgaged Premises during wch lirtu m the mortgage indebtedness shall remain unpaid;
<br />avf the rnasgogee sdsoll here poster to q,pttiM my agent, a agmdz, it may desire for rise purpasa of repoirirg said prsmists arsd of renting the same and colfacr-
<br />$f4 The seMS, szvoewes, and inaans, orsd it ropy goy asst d sold income oi{ axperees of ropoirissg w'.d pranises end necassay commiaions, and expenses incurred
<br />er rgsfkq asd sssaaagieg she seer:-, atxi ~co)featirrg senhs~ rhsrltfresn; thsbaianu reraoining if any, robe applied raved the dischage of said mortgage indebted-
<br />nrag. lAatgagee sfsall acwwst far seats ardaofly collaeted and not for the rental votue of said premises.
<br />- if the indebtedness secured hereby be gssaraMeed a irsaxed under the Servicemen's Readjustment Act, os amended, wch Act and Regulations iswed there-
<br />under arsd in efiact u the data hslraof thail govatn ttm right, duties and liobitities of the parties hereto, and uy provisions of this « other instruments execrated
<br />Ts: a;n.-sterian w5li: X:d 'e..::;~._ whic4 oe Fnmrsisir"s* with avid t~ c: Rsgutdiar cs hss~y ..--ended to ;.ufu-r, rha:ax.
<br />Tta tmma ssssd to designate aty d the porfks herein stroll 6a deemed to include rtes hairs, representatives, wcceswrs and cosigns of said parries, and rho
<br />term `Mat9sga' shop also inchids cry 4iarrkti owner, harder or pledge of any indebtedness seared hereby.
<br />t-g Rev. 9-3s lrumbiej
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