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<br />MORTGAGE 86- 103094
<br />THIS INDENTURE, made this —_J __---- - - -. —_ -day of_ ,June 1986-, by and between
<br />__-.MMRTTrN --J IKM.I.LEFL AND JANEI_L"HUN19dILER,_HUSBAND A - WIFE__ -__—
<br />of Hal I County, Nebraska, as mortgagor 5 , and Houle Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the laws of the United Stales of America with its principal office and place of business at Grand Island, Nebraska, as
<br />mortgagee.
<br />WITNESSETH: That said mortgagor- _$_—,forandinconsideraiionofthesumof NINE THOUSAND TWO HUNDRED
<br />FIFTEEN DOLLARS AND 90/100 ------------------------ - - - - -- _Doflars(S -0 15.90 d•
<br />the receipt of which is hereby acknowledged, do --- by these presents mortgage atld M i saltihnorfgagei its successors and assigns,
<br />forever, all the following described real estate, situated in the County of Hall
<br />and State of Nebraska, to -wit:
<br />THE NORTHERLY FIFTY ONE (51) FEET OF LOT FIVE (5), IN FRACTIONAL BLOCK TV'JENTY ONE (21),
<br />OF PALMER'S SU BIIVISION OF LOT NUMBER SEVEN (7) OF THE COUNTY SUBDIVISION OF THE SOUTHE
<br />QUARTER OF THE SOUTHWEST QUARTER OF SECTION NUMBER SIXTEEN (16) IN TOWNSHIP NUMBER ELEV
<br />(11) NORTH OF RANGE NINE (9) WEST OF THE 6TH P.M., IN GRAND ISLAND, HALL COUNTY, NEBRAS
<br />Together with all heating, air conditioning, lighting, and ;tlumbing equipment and fixtures. including screens, awnings, storm windows and
<br />doors, and window shades or blinds, used on or in connection with said property. whether the same are now boated on said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME. together with all and singular the tenements. hertditaments and appurtenances thereunto be-
<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 heir are "- . at the delivery hereof, the lawful owner S of the premises above conveyed and described,
<br />and__ _-are . seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances• and that .. hy_. _.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 -_ NINE THOUSAND_—
<br />TWO_HUND&ED - FIFTEEN DOLLARS-AND-90/100 -- . ---------------- Dollars is 9.215-9-0- - - - -- _ ____ I.
<br />with interest thereon, together with such charges and advances as may be 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.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 also secure any future advances made to said mortgagor 5.. _
<br />by said mortgagee, and any and all indebtedness in addition to the amount sbove 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 futun-
<br />advances, are paid in ful! with interest.
<br />The mortgagor -.5. -_ hereby assign _. to said mortgagee all rents and income arising at any and all tunes 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. assessments, repairs or improvements
<br />naosseary to keep said property in tenantable condition, 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 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 to insist upon and enforce strict compliance with all the teens and provisions of said note and of this mortgage.
<br />If said mortgagor S shall cause to be pad to said mortgagee the entire amount due it hereunder, and under the terns and provisions
<br />of said note hereby secured, inchiding future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereat, and it said mortgagor _S_._.. shall comply with all the provisions of said note and of this mortgage, then these presents shall be void:
<br />otlrtwYe to resin in belt (ores aadethct, and said mortgagee shall be entitled to the possession of all of said property, and may. at its option,
<br />deeliere the whole of said note and all indebtedness represented thereby to be immediately due and payable, and may foreclose this mortgage
<br />or take any other legal action to past .act its right. Appraisement waived.
<br />This mortgage shall he binding upon and shall enure to the benefit of the heirs, executors, administrators, successors and assigns of the
<br />rawpective' parties hereW.
<br />IN WITNESS WH.EREOR. said Mortgagor S haVe hereunto act their hand S the day urid y ar first aiwi
<br />written. s -,
<br />a ET i. s► i���kw R r
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