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A-Aleo&dAW 86--- 100719
<br />MORTGAGE 86 10087$
<br />THIS INAFh'TUAE, rode this .__ _ _1rh _ _ day of -- __Ftb�rlldr� - _- - ___._ -_ . 19_86. by and brtwc�n
<br />DUANE A. JOHNSON AND DEE ANN JOHNSON, HUSBAND AND JIFF
<br />Of Ha 1 1 County, %chriiska, as mortgagor c and Hoax Federal Sayings and Loan .unciatmo of Grand Island, acorporation
<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 />WITiESSETH: That said mortgagor S _, fatandinconsiderationofthesumof FOUR THOUSAND TEN DO al4 RS
<br />AND 50/100 - - -_— __----------------- - - - - -- Iiollaarsis 4,0110 50 1.
<br />the receipt of which is hereby acknowledged, do by these presems mortgage and wn'ratniintnsaiQreongagtt , au successors and assigns.
<br />,♦ $
<br />forever, all the following drscritied real estate, situated in the Cnimty of _ ja 1
<br />and State of Nebraska, to-wit:
<br />ALL OF THE SOUTHERLY SEVENTY AND SIX — TENTHS FEET (570.5') OF LOT TEN (10), IN
<br />BLOCK, ONE (1) IN GILBERT'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />Together with all heating. air conditioning, lighting. and plumbing equipment and futures, including screens, awnings. stotm 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 hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOTS) THE SAME, together with all and singular the tenements, hereditamenis and appurtenances themunto he
<br />longing, or in anywtse appertaining. forever. and warrant the title to the same. Said morgag -S. _ hereby covenant __ with said
<br />mortgagee that t he .}t are . at the dehven• hereof. the lawful owner S of the premises above conveyed and describe o.
<br />and. _ dre seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances. and that._t he y_ will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />YROV I DEL' ALWAYS. and this instrument is executed cut.ed and delivered u, secure the payment of the sum of _FOUR T1 IS 4
<br />TEN DOLLARS .A14D 50/ 100----- - - - - -- - - - -- --------------- Dollars is - 4,010, _50
<br />_ - -_ _
<br />with interest therexin, together with such charges and advances as may be due and payable to said mortgagee under the terms and conditions
<br />of the pmmissory now of even date herewith and secured herebv. executed by said mortgagor _5 _- _ to said mortgagee•, payable as expressed
<br />in said note. and to secure the performance of all the terms and conditions contained therein. The terms of said note are heretev iiico_ Wraied
<br />I
<br />erein by this reference.
<br />A , is c. ,ntenc and agreement of the parties hereto that this mortgage shall also secure any future advances trade w said mortgagor S__ he u n
<br />,,. -. ri'u 'gage.. arc any and all .ndrine,fness :n addition to the amount above stated which said mortgagors. or any of them, may owe to
<br />-;aid mort.gage'.e. hove —, ev rdencrd, whether by cote• book account or ot.he.m ese This mortgage shall remain in full force and effect between
<br />the parties herew and their heirs, personal representatives, successors and assigns. until all amounts secured hereunder. including future
<br />advances, are paid in fui: with interest.
<br />The mortgagor -&- - hereby assign __ w said mortgagee all rents and income arising at any and all times from said property and
<br />hereby authorize acid mortgagee or its agent. at its option, upon default, u, take chargt of said property and collect all rents and income
<br />therefrom and apply the same to the payment of mterest. principal. insurance premiums, taxes, assessments, repairs or improvements
<br />necessary w keep said property in tenantable condition, or to onus charges or payments pmvidad for herein m in the note hereby satiated. This
<br />rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of possession he. umfer shall in no manner
<br />prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert the
<br />same at any later time. and to insist upon and enforce :trier compliance with all the terms and provisions of said note and of this mortgage.
<br />If said mortgagor S shall cause to be paid w said mortgagee the entire amount due it 'hereunder, and under the terms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals themof in accordance with tine terms and provisions
<br />thereof, and if said mortgagor _t_ - shall comply with all the provisions of said note and of this mortgage, then t.liese prevents shall be void:
<br />otherwise to remain in full force and effect.. and said mortgagee shall be entitled w the possession of all of said property, and may. at it- option.
<br />declare the wboie of said now east all indebtadness represented tbeieby to be immediately due and payable. and may foreclose this mortgage
<br />or take any other legal action to protect its right. Appraisement waived.
<br />'f his mortgage shall be binding upon and shall enure to the benefit of the heirs. executors, administraio . successor, and assigns of the
<br />respective parties hereto.
<br />1ti WITNESS WHEREOF. said Mortgagor S ha v hereunto their hand S the day and year first ata—,
<br />DEE ANN 10';I1cC'V
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