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<br />MORTGAGE
<br />THIS INDENTURE, made this 2nd day of ___ ..May.
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<br />ROBERT P. RUGER AND RENAE L. RUGER, HUSBAND AND WIFt
<br />86, 10�;c 9,U
<br />__ _. _.__ _. , 19.86_., by and between
<br />of HdI �__ ___ County, Nebraska, as mortgagor _s._____.____, and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under (tic laws of the United States of America with its principal office and place of business at Grand Island, Nebraska, as
<br />mortgagee;
<br />WITNESSETH: That said mortgagor- S _., for and inconsideration of the sumof_ THREE THOUSAND THREE HUNDRED_
<br />__S LXM_LOU_R__DQLLAR_S_- AND - L1Q0_- .-- - -_ - -- _-- _- -___w: -- -Is 3.364.47 ),
<br />the receipt of which is hereby acknowledged, do by these presents morijage an #t WS" 1*06 said mortgagee, its successors and assigns,
<br />a'
<br />forever, all the following described real estate, situated in the County of
<br />and State of Nebraska, to -wit:
<br />LOT FIFTEEN (15) IN BLOCK TWO (2) IN PARKHILL SUBDIVISION, AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL C0111NTY, NEBRASKA
<br />Together with all heating, air conditioning, lighting. and plumbing equipment and fixtures. including screen.,, awnings, storm windows and
<br />doors. and window shades or blinds, used on or in connection with said property. whet her the same are now Imcated on said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto he
<br />longing, or in anywise appertaining, forever, and warrant the title to the same Said nrorgagor S hereby covenant with said
<br />mortgagee that the y are - . at the delivery hereof, the lawful owner S of the premitita above conveyed and described.
<br />and _ _ are seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and t.hat....thty__ will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />IeROV IDED AI,WAYS, and this insLmu .nt is executed and clelivere d to secure the payment of the sum of THREE THOUSAND
<br />__ _
<br />THREE HUNDRED SIXTY FOUR DOLLARS AND 47/100 ------ - - - - -- Dollar "($ 3,364.47
<br />with interest thereon, together with such charges and advances as may Ire• due anti payable to said mortgagee under the terms and conditions
<br />of the promissory note of even date herewith and secur.%i hereby, exec•utAA 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 hereby incorporated
<br />herein by this reference.
<br />It is the intention and agreement of the parties hereto that this mortgage shall alwr secure any future advances made to said mortgagor 5
<br />by said mortgagee, and any and all indebtedness in addition to the amount alone 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 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 fah with interest
<br />The mortgagor S.. hereby assign to said mortgagee all rents and income ansing at any and all times front said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to rake charge of said property and collect all rents anti income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes. assessments. repairs er improvements
<br />necessary to keep said property in tenantable condition, or to other charges or payments provided for herein or in the note hereby securcl 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 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 us a waiver of its right to assert the
<br />same at any later time, and to insist upon and enforce trio comphance• with all the teens and prow isious of sand tote and of this mortgage
<br />If said mortgagor S shall cause tit be laid to said mortgagee the entire amount due it hereunder, and under the terms and pmvi,ions
<br />of said note hereby sectored, including future advances, and any extensions or renewals thereof in accordance with the terms and prosnvions
<br />thereof, and d said mortgagor S.. shall txanlrly with all the prov tstons of said now and of this mortgage, then the ;se presents shall be void.
<br />otherwise to remain in fuR force and effect. and said mortgagees ehall Ix entitled to the posses %wn of nil of said property. and ours', at its opt run,
<br />declare the whole of said ni" and all todebtedneas tepre.emed thereby to he immediately due and payable, and runs. foreclose this mortgage
<br />or tape any other legal action to protect its right. Appratsement waived
<br />Tht% mia"age %hall be binding upon and %hall emu, to the henefit of the heir-, executor adtnuustratur,, to o-sso- and assigns of the
<br />re -loot true parties hereto.
<br />Iti 141 `A,•I+ %aril NortKng,n S ha Ve h.•rruntt, wr t:fltill h .xfS h, day and scar bees .d.,,.,
<br />rrrm ten •� � , ,�.�i`' ' f�O
<br />IUtIT FtT t ,'t)l1uF(2 RF NAF L . RUG[ 1, �.
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