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MORTGAGE 86- 10201
<br />THIS INDENTURE. made tics _ . 21st of _ sprit -._ _ - _ __ _ , 1986. _. , by and between
<br />DUANE_.P._ VERSAW_ &_MYRA._VERSAh ._..HL_tSBA:v'B_AN_D WIFE___----
<br />of Ha j _ 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;
<br />W ITNESSETH: That said mortgago: &.___., for and in consideration of the sum of .- _xI',N_SliiillScill` D_Q.N HITNT)RF.It___
<br />SEVENTY DOLLARS AND 0/ _ - - -° �Dolfusfs_ 10.170.30
<br />the receipt of which is herehy acknowledged, do .__ —_ by these presents mortgage and warrant unto said mortgagee, its sins and assigns,
<br />forever, all the following described teal estate, situated in the County of _.___ B-4-1 1
<br />and State of Nebraska, town:
<br />LOTS SEVENTY ONE (71) AND SEVENTY T140 (72) IN BELMONT ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating, air conditioning, :- ghting. and plumbing equipment and fixtures, including %moos, awnings. storm windows end
<br />�•
<br />doors, and window shades or blonds, used on or in connection with said propert y, whet her the same are now located on held property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenernents, henduaments and appurienanc�w thereunto he-
<br />longing. or in anywise appertaining• forever, and warrant the title to the same. Braid morgagor. S hereby covenant with said
<br />mortgagee that t hey- are at the delivery hereof. the inwiul owner S of the premises above conveyed and described.
<br />end seized of a gaol and Indefeasible estate of inheritance therein, tree and clear of all encumbrances, and that _._ _the _y._ will
<br />_. __a .re
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever-
<br />6 al
<br />PROVIDED ALWAYS, and this instrument is exerute.f and debvensl cal secum the payment of the sum of ._TEN THOUSAND
<br />ONli_HUNDRED SEVENTY DOLLARS AND 30/100 --------------- Dollars Is _ l Orl- 70.30
<br /><<
<br />with interest thereon, together with such charges and advances1 as may be due and payable to said mortgagm- under the terms and conditions
<br />of the promissory note of even date herewith and secured hereby, executed by :aid nwrrigagor c_, to said mortgagee, payable as expressed
<br />in said tote, and to secure the performance of all the terms and conditions contained tEerem The terms of said note are hereby incorporated
<br />benein by this reference.
<br />It is the intAmuon and agreement of the parties hereto that this mortgage shall also sei:um any future advances made to said mortgagor 5-,
<br />by said mortgagee, and any and all indebtedness in addition w the amount above stated whicl, said mortgagors, or any of Lhem, may owe to
<br />said mortgagee, however evidenced, whether by note, book account or utherwisaa This mortgage shall remain in full force and effect hetween
<br />the parties hereto and their heirs, personal repmaentativ K, successors and assigns, until all amounts secured hereunder, including future
<br />advanoea, are paid in ful! with interest.
<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 mortgagm or ita agent, at iL: 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 interiat, principal, insurance premiums. taxes, assessments, repairs or improvements
<br />naaanary to keep said property in tenantable conchum, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance of said note is fully paid The taking of possession hereunder shall in no manner
<br />prevent or retard -aid mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee Ur assert. any of its rights hereunder at atty time shat: not be construed as n waiver of its right to assert the
<br />same at any later lime• and to insist upon and enforce Most compliance with all Uit• terms and provisions of said note and of this mortgage.
<br />11 said mortgagor s shall cause Ill be paid to said mortgage the entire amount due it hereunder, and under the terms and provisions
<br />of said note bMhy aecured, including future advances, and any extensions or renewal thereof in accordance with the terms and provisions
<br />thereof, and S said mortgagor 1i. _.. shall comply with all the provwions of said mite and of this mortgage. then these prevents shall f-• void:
<br />otlearwise to remain is fall force aid elfou. and and mortgagee shall be entitled to the possession of all of said property. and may• at its option.
<br />declare tee above of said mote sad all indebtedness represented thereby W be irtunadistely due and payable, and nup foreclose this mortgage
<br />or take any other lepfal action to protect its right. Apprar- ernenl waiver!.
<br />This mortgage %hail he binding upon and shall enure to the benefit of the hears. V10, utea`.. 40rnuo�lrati r wccema.rs and assigns .,I ihi.
<br />rvspxet lb -e parties heretii,
<br />ttv Wl'f NF.yi,`i 4Y dl halt F•,flF'. Waal Muntgagw .� ba ':'e: 'rae•rvunU, .,•i tlic it hand .... th.- day Ind „•ar hoc
<br />UfJt� NF, e. '3 6S1n��1
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