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MORTGAGE 86-- 102078
<br />THIS INDENTURE, made this . 23rd __ _._ ___.___ day of _.__ . _ARCM__ _ . 19 __.86 . by and betweer
<br />__CARL_A._TESMER_ AND _DEBORAH _ L._TESMER_z_ HUSBAND AND 14IFE
<br />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 wart in principal office and place of business at Grand Island, Nebraska, as
<br />mortgagee:
<br />WITNESSFTH: That said morigagcr_5______ for and inconsiderat ion of the sum of .__SEICE —RiQU $AND SIX HUNDRED
<br />—IlQI LARS- .AP117 Il(1/IDO.._ - --- -------- --- -- --
<br />the receipt of which is hereby acknowledged, do by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />forever, all the following described real estate, situated in the County of
<br />and State of Nebraska, to-wit:
<br />LOT FOUR (4) BLOCK THREE (3) COLONIAL ESTATES, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures. including screens, awnings, storm windows and
<br />doors, and window shades or blinds, used on or in connection with said properr ty, whether the same are now locate on said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLM THE SAME, together with all and singular the tenements. hereditaments and appurtenances thereuntn he-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same Said morgagor S hereby covenant with said
<br />mortgagee that the Y. are , at the delivery hereof, 'he lawful owner S of the premises above conveyed and described,
<br />and__ are _ seized of a good and indefeasible estate of inheritance therein, free wort clear of all encumbrances, and that --- the •Y_ will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of . S E.VEN.. THOD5AND_.__ _
<br />SIX.HUNDRED_DOLLARS AND NO /100 ------------------- - - - - -- ihollarts_ 7,,600,_00__
<br />_ . i.
<br />With interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the terms and condition,
<br />of the promissory note of even date herewith and secansi heretiv, executed by said mortgagor S. 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 herelry 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 $_
<br />by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced, whether by note. kook account or otherwise. This mortgage shall remain in full force and effect between
<br />the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including future
<br />advances, are paid in full with intere,�st.
<br />The, mortgagor ._S... hereby assign _ to said mortgagee all rents and income arising at any and all times from said proterty Hall
<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. assessments, repairs or improvements
<br />necessary to keep said property in tenantable condition, cr to other charges or payments provided for herein or in the note hereby secured. This
<br />rant 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 said mortgagee in the collection of said sums by foreciosure or otherwise.
<br />The failure of the mortgagee to -taut any of its rights hereunder at any time shall not he construed as a waiver of its right to assert the
<br />same at any later time, and to insist upon and enforce strict compliance with all the terms and provisions of said tote and of this mortgage
<br />It said mortgagor S shall cause to be paid to said mortgagee the entire amount due it hen under, and under the tenns and provisions
<br />of said note hereby secured. including future advances, and any extensions or renewals thereof in accordarwo with the terms and provisions
<br />thereof, and if laid mortgagor- 5_. shall comply with ail the provisions of said note and of than mortgage. then these presents shall he coal;
<br />OLhwwwe to remain in full pores turd effect. and said mortgagee shall be entitled to the Possession of all of said prnterty, and may, at its option.
<br />declare the wlaoic of said now Sold all indebtedness represented thereby to be immediately due and payable, and may forecluxe this mortgage
<br />err take any Other legal action W protect ita tight. Appraisernent waived.
<br />This mortgage shall he binding; upon and shall enure io the lenefit of the heirs. CxwLt, —L iidnomstaaeto-, successors antl a9Yigm nl the
<br />resl>Mrtivr parties hereto
<br />I*v WII'Nk- " N'IIERMIF, seal Mortgagor S have h. L unto !test their han.l`' the day :end sear firm xhos,
<br />written.
<br />Alk�-k/rp CARL iicBOR�1H 1.. TEMF4
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