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IVBO~TGAGE 81-- 0037~3.~
<br />THIS TNDENTf3ftE, tttsde thln___22rid___ _____-_ _. day of___Jul~r_-_ 19 81_., by and between
<br />L1opd D. Colfack_and_Helen_I._Colfack3_husband-and_.w~i,fe,_each in his and her own right
<br />and as spouse of the other.
<br />of Hall County, Nebraska, as mortgagor S _, and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing urtdeP the taws of the United States of America with its principal office and Dlace of business at Grand Island, Nebraska, as
<br />morrgagee:
<br />W[TNESSETH: That said mortgagor S ._, for and in wnsidera6on of the sum of
<br />Ten Thousand Nine Hundred Seventy-three and 17/100ths** Llauars{S 10,973.17
<br />[he receipt of which is hereby acknowledged, do by these presents mortgage and warrant unro said morzgagee, itssoccessors and assigns,
<br />•_:~
<br />forever, ail the following described real estate, situated in the County oC
<br />and State of Nebraska, to-wit:
<br />The Westerly One Half (W-I/2) of Lot Seven (7) and all of Lot Eight (8), in
<br />Black Six (6), in Dill & Huston's Addition to the City of Grand Islaud, Hall
<br />County, Nebraska, as surveyed, platted and recorded.
<br />Together with all heating, air conditioning, lighring, and plumbing equipment and fixtures. including screens, awnings. storm windows ;•nd
<br />doors. and window shades or blinds. used on yr in connection with said property. whether the same are now located on said property or hereafter
<br />nkced thetwon.
<br />TO HAVE AND TO HOL- THE SAME, together with all and singular the tenements, heredrtaments and appurtenances thereunto !:e-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgaROr _S . -hereby covenant . _._ .wish said
<br />nmrtgagee that -t. he -_.y_ __... -. are- . at the delivery hereof, the ]awful owner S of the premises above conveyed ani descrit,ed,
<br />std are seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that __Y I.e~ will
<br />warrant and defend the title thereto Forever against the claims and demands of all persons whomsoever.
<br />PROYI DED ALWAYS, end this instrument u executed and delivered w secure the payment of the sum of
<br />Ten Thousand Nine Hundred Seventy-three and 17/100ths** IMtlarsi5 10,973 17
<br />with interest thereon, together with such charges and advances as may be due and payable iv said mortgagee under the terms and conditions
<br />of Lhe prontiasory rtote of even date hrrewiih and secured hereby, executed by said awrtgagor. S. to said mortgagee, payable as exprr.>•.,e~d
<br />is sad note, sod to secure the performance of all the terms and cordi[ions contained therein. The terms of said nv[e are hereby incorporated
<br />borers[ 6y this reference.
<br />it is the intention and agroe[neat oP the parties hereto the[ this mortgage shall alw secure any future advances made co said mvrtgago6 -
<br />by sad mortgagee, and any and all Indebtedness in addition to the amount atwve stated whicL said mortgagars, or any of them, nary owe u,
<br />sad mortgagee, however evidenced. whether by rwte, twvk acevunt or otherwise. 'Phis mortgage shall remain in full torte and ef(ecI between
<br />the parties iwretet and then heirs, personal representatives, successors and assigns, anti! al3 amounts sec~rred hereunder, Including future
<br />advanoes, pre paid m fuL' catch interest.
<br />The rnortgegors __ hereby assign .._ tv sod mortgagee all ixnts and income ari ing at an} and all times from said property and
<br />hereby authorize said mortgagee or its agent, at tcs option, upon default. cv take charge of saki property and collect all rents and incmnr
<br />tluuefrom and apply the same tv the payment of urterest, prncipal, insurance premiums, taxes, assessments. repairs ur improvements
<br />y to keep sad property in tenantable condition, or to other charges yr payments provided for tlernin or d the note hereby secured. 't'his
<br />rent asaignrneat shall continue in force until the unpaid balerce of said note u' fully paid The caking of possession hereunder _shall to no manner
<br />prevent or retard said mortgagee in the collection of said sums by foreclosure ur utherw i4•.
<br />The failure of the mortgagee to assee any of its rights hereunder at any time shall not be construed as a waiver of it; right to assert the
<br />same at any later Lime, and to insist upon and enforce strict compiklncr with all the [erne and provisions of said note and of [his nwrtgaRe.
<br />If said mortgagor 3 shall cause to tsa paid itr said mortgagee the antler amount due it hereunder. and under the term.. and pnrv Isurns
<br />of said note hereby secured. including future advances, and any extensions ur renewals thrreaf in acwrdance with the terms and pruvlsiwls
<br />thereof, and if said mortgagor ;i___ shall comply with all rite proviswns of said note and of this mangage, then thew: presenu shall he word,
<br />otherwise to remain in full force and efface, and said mortgagee shall be entitled w the possession of all of said property, and may, at its aptwo.
<br />declare tJu whdo of acid note and all iaadueas represented thereby w he itnrnediately due and payable, and may fore.:lose this mvrtgagc
<br />or take any other legal action to protect its right. Appraisernent waived.
<br />This mortgage shall the binding upon and shall enure to the 6eneti[ of the heirs, executors. ndministratats, suctrawrs and assigns ut the
<br />roapective'partiea here.
<br />INi WITNESS WHEI2EUF. said Mvrtgagar 6. ha Ve hereurw set ` t~'„Q_/ A / /S~//~~r~l y-.•ur firvt :ih.».~
<br />.written. ~~~i/
<br />I. Go
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