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MORTGAGE 86- 403908
<br />THIS .INDENTURE, meda day of 19 86.._, by and between
<br />T_.!, WARREN �_ MATH EWS_AtID__NADINE P NATHE S.,_hu5hand and wife -- --
<br />of Hal 1 --county, Nebraska, as mongagor 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 />mo[taagte; :
<br />WITNESSETH: That said mongagor_5__ , for and in consideration of the sum of ONE THOUSAND FIVE HUNDRED
<br />FOURTEEN AND 80/ 100 ----------------------------- - - - - -- Dollars 1.514.80
<br />the receipt of which is hereby acknowledged, do____ by these presents mortgage and wt+y�titt oatmat�,`s succeswrs and assigns,
<br />forever, all the following described real estate, situated in the County of ---Hal I
<br />and State of Nebraska, to -wit-.
<br />THE EAST ONE -HALF (PA OF LOT THREE (3), IN BLOCK TWO (2), IN HANN'S SECOND
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, BEING A RECTANGULAR
<br />TRACT OF GROUND HAVING AN EAST FRONTAGE OF FIFTY -SEVEN FEET (57') ON KIMBALL
<br />AVENUE IN SAID CITY AND A DEPTH OF NINETY -FIVE (95').
<br />a
<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 connectton with said property, whether the same are now located nn said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements. hereditament.s and appurtenances thereunto be.
<br />longing. or in anye .se appertaining, forever, and warrant the title to the same. Said morgagorS. hereby covenant S... with said
<br />mortgagee that t hey. are , at the deli•,ery hereof, the lawful owner S of the premises above conveyed and described.
<br />arid_ -a- iii..__ . seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances, and that hey- will
<br />warrant and defend the title thevew forever against the claims and demands of all persons whomsoever.
<br />f ROVID D ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of _ONE _ TH_OU_ _SAND __ F_I V__E__
<br />HUNDRED OURTEEN AND 80 /100------ - - - - -- - - -- i n
<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 herebv, executed by said mortgagor 5 - io said martgagoe, payable as expressed
<br />in said [rote, 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 W said mortgagors_.
<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. look account or otherwise. This mortgage shall remain in full force and effort 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 interest.
<br />The mortgagor__ hereby assigrs4._ _ 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. assessments. repairs or improvements
<br />neoassary to keep said property in tenantable condition, or to other charges or payments provided for herein or in the tote 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 surns by forml>,sure or otherwise.
<br />The failure of the mortgagee to 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 lime, and w insist upon and enforce strict compliance with all the terms and provisions of said tote and of this mortgage .
<br />If said rnoriaagor S shad cause W be paid to said mortgagee the entire amount due it. hereunder, and under the terms and provisions
<br />of gold now bereby secured. including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thersof, said if said mortgaglor S_.._ -.- shall axmply with all the provisions of mid note and of this mortgage, then these presents shall be void.
<br />otherwise to rewain in %a tore ww affect, and said murtgagee shall be entitled to the possession of all of said property. and may. at its option.
<br />dadare flea whole of said now and off iadsbtednaes represented thereby to be immediately due and payable, and may foreclose this mortgage
<br />or tare any other kcal action W protect its right. Appraisernent waived.
<br />This mortgage ehdl he binding upon imil shall enure to the benefit of the hears. executors, administrators..%urressrs amd assigns of r he
<br />respertive'partees hereto.
<br />IN WITNE2% W'H}.RF.OF'. said Mo x S he Ye hereunto set their hand -`s the day ane.l year first aho"L
<br />' // �'' s''i rt4�- "w "'�� ice` ` /Lg' LL?ta•�, �,�'' .
<br />A PEN Cie MATHEWS NiIC }I rE P, r4'Ti W .
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