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MORTGAGE 86- 101949
<br />THIS INDENTURE, .ode the 21st _ _.. _ day of —__ APr31_ __ ___ __..._ 19 $6_, by and between
<br />MELVIN D. OBERSCHULTE AND LORRAINE 11 OBERSCHULTF, HUSBAND AND WIFE
<br />Of Hall County, Nebraska, as mortgagor ._S and Hotta 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 />WITNESSETH: That said mortgagor 9___, for and in consideration of the sum of _ SEVEN THOUSAND NINE. H TNi RED _
<br />_----- ___------- `— Dollars(s_7-9q?-41
<br />the receipt of which is hereby acknowledged, do by these presents mortgage and wan 1tytQ�afd m6rtgigee, fits successors and assigns,
<br />forever, all the following described real estate. situated in the County of ___Hall_____ and State of Nebraska, to -wit:
<br />LOT EIGHT (8) IN BLOCK SEVEN (7) OF GILBERT'S SECOND ADDITION TO THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating. air conditioning, lighting.;, ante plumbing equipment and fixtures, including; screens, awnings, storm windows and
<br />doors. and window shades or blinds, used on or m connection with said property. whether the same are now located on said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD TIFF SAME, togtether with all and singular the tenements, hereditaments and appurtenances thereunto be-
<br />-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same Said morgagor S hereby covenant .. with said
<br />mortgagee that t hey— are ._ . at the delivery herrof. toe lawful owner s of the premises above conveyed and described.
<br />and _ dLe _ seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ._t. he_V . will
<br />.warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />ent is exottcsl and delivered u secure the secu the payment of the su SEVEN THOUSAND
<br />PROVIDED ALWAYS, and this instrument m of . - - _._ _ ... _
<br />UNE_. HIIND-RED NINETY TWO DOLLARS AND 41/100 --- ----- ----- dollars (3
<br />with interest thereon, together with such charges and advances as may he due and payable to said mortgagee under the terms and conditions
<br />of the promissory note of even date herewith and secured hereby, executed by said mortgagor .y._ to said mortgagee. payable as expressed
<br />.
<br />- in said note, and to secure the performance of all the terms and conditions contained therein. The terms of said note are hereby incorporated
<br />herein by this reference.
<br />It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortgagor S__
<br />by said mortgagee, and any and all indebtedness on addition to the amount above stated which said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced, whether by note. book account or otherwise. This mortgage shall remain in full force and effect lxtwern
<br />the parties hereto and their heirs, personal mpreseretattyes, successors and assigns, until all amounts secured hereunder, including future
<br />advances, are paid in full with intereat.
<br />The mortgagor . S.- hereby assign to said mortgagee all rents and income arising at any and all times from said property and
<br />hereby authorize said mortgagee or its agent. at its option, upon default, to take charge of said property and collect all rents and income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, assessmenw, repairs or improvements
<br />necessary to keep sax! property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />reset assignment shall continue in force until the unpaid balance of said note is fully paid The taking of pease :scion hen-tinder shall in ao manner
<br />prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee W 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 W insist upon and enforce +trim compliance with all the terms and provisions of said now and of this mortgage.
<br />If tend mor4agor g shall cause to be paid to said neortgagee, the enure amount due it hereunder. and under the terms and provisoons
<br />of said note hereby secured. intoning future advances. and any extensions or renewals thereof in accordarae with the terms and provisions
<br />thereof, and if Mid mortgaw -,%_ .. shall Comply with all the provisions of said note. and of this mortgage. then these presents shall be void,
<br />othares a to mains in ligh force and e8aet, sad Mid mortgagee shall toe entitled to the poasesston of all of said property, and may, al its o pti ow
<br />deters flee wkoM of said now and all adabtsdness represented thereby to be immediately due until payable, and may fonalose this mortgage
<br />at take any other legal actkm to pmtan ita right. Appraisement waived.
<br />This mortgage "half 1M binding upon and shall enure to the benefit oI the heart. ,x,t- utorti. aliment`![, rag,. , ' utt1tissors and assijm.� of bbl'
<br />raspecftve parties herein.
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