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<br /> MORTGAGE—Savings and Loan Form—(Direct Credit.Plan)-255-2 (Special) ..
<br /> M
<br /> 14. 00006e
<br /> MORTGAGE -
<br /> Loan No
<br /> 4 Tffls INDENTURE,`.triads this 5th. A-7 of January' _,19 76 byaad betwer..
<br /> I..*
<br /> STEVEN;J."MILBOURN AND NANCY M. MILBOURN, husband and wife, each in his and her own
<br /> 3 right and as spouse of the other
<br /> of r H811. County.Nebraska,as mortgagor-...-and Home Federal Savings.and Loan:Association of Grand Island,
<br /> rdHi a corporation organised and existingunder the laws of Nebraska with its principal offic,and place of business at Grand Jaland,Nebraska.
<br /> r4as.mortgagee: •
<br /> WITNESSETH: That said mortgagor --_, for and in consideration of the sum of -
<br /> TWENTY THREE THOUSAND TWO HUNDRED AND NO/100 Steffan ($ 23,200.00' )
<br /> ' tits receipt-of-which }s hereby-acknowledged, do— by these presents mortgage and warrant unto said mortgagee. Its successors and-
<br /> assigns, forever, all the following described real estate, situated in the county of Ha11
<br /> and State of Nebraska.to-wit;
<br /> THE SOUTHERLY SEVENTY FEET (70') OF LOT FIVE (5) IN FRACTIONAL __
<br /> BLOCK ONE HUNDRED THREE (103) IN KOENIG & WIEBE'S ADDITION AN '
<br /> ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRAXA.
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<br /> C, •
<br /> 41
<br /> Together with all heating, plumbinglightghltnq, and equipment and.fixtfixtures.xtur ,ineIudiag stokers and burners,screamawnings,, storm windows
<br /> 1) and doors,and window shades or blinds. used on or in connection withsaid property,whether the same aro now located onsaidproperty
<br /> or hereafter placed thereon. p TO HAVE AND TO HOLD THE SAME. together withall and singular the tenements.horedtlamaats and appurtenances thereinto belong
<br /> ing,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor_q_hereby covenant_ with said mortgagee
<br /> that t hex_ are at the delivery hereof,the lawful owner S of the premises above conveyed and described,.and are -
<br /> seised of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances,and that. ho__Y__will warrant and
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever. - -PROVIDED ALWAYS..and this instrument is executed and delivered to secure the payment of the sum of -
<br /> TWENTY THREE THOUSAND TWO HUNDRED AND NO/100 TGuan, (.R 23,200.00 ),
<br /> S with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the terms and.
<br /> fF conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagor—S_._to said mortgagee,payable
<br /> as expressed in said note,and to secure the performance of all the terms and conditions contained therein. The termsof said note are _ _
<br /> hereby incorporated 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
<br /> mortgagorJ.__ by said mortgagee, and any and all indebtedness in addition to the amount above Mated whichsaid mortgagors, or any
<br /> of them. may owe to said mortgagee, however evidenced, whether by note,book account or otherwise. This mortgage shall remain in full
<br /> force and effect betweenthe parties hereto and their heirs. personal representadvee. successors and assigns, until all amounts secured
<br /> hereunder.including future advances.are paid in full with interest
<br /> The mortgagor—._hereby assign_ to said mortgagee all rents and income arising at any and all times from said property and
<br /> herebyauthorize 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 thepayment of interest,principal,insuranceremiums, taxes,assessments, repairs pairs or improvements nacos.
<br /> eery 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'L..reu oder shall in no
<br /> manner prevent or retard-said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> t 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
<br /> tt3 thesame at any later time,and to imdstupon and enforce strict compliance with all the termsand provisions of said nzte and of this
<br /> mortgage.
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<br /> If said mortgagor, __shall:cause.to be paidto said.mortgagee the entire amount due it hereunder,and under the terms and provisions
<br /> of said note hereby seared.including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> r thereof,and.If said martgagar S shall comply with all the provisions of said note and of this mortgage, '.
<br /> 1, otherwise to remain in full fora and:effect..and.said mortgagee shall be entitled to thepossession lall than pr presentserr , shall be void:
<br /> tion.:declare the whole of said note-and all indebtedness represented therebyle,property, and may.s at this
<br /> i m or.take.anyother legal °Pr°sdate to be immediately default
<br /> due and of indebtedness
<br /> and may forecloseuhereby
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<br /> ortgage,. . action to prnRetl..its.right. and from.the of such default all hems of Lndebtadnesa secured hereby _ >
<br /> { shall draw interest at 9% per annum. Appra(rment waived... ,ti-.
<br /> • the is moparties the ra r ,shall abe- inding.upon-and.shall entire to the benefit of the heirs. executors, administrators. successors and assigns of
<br /> S
<br /> ;„ _.. IN WITNESS WPIEREOY. said Mortgagor S ha vs hereunto set their ht•nd S_the day and year first above K`
<br /> ,, iter,...
<br /> I written. /)/•;4.,- T4s!
<br /> ^5tn a i�lr`'ourn , _
<br /> 1Caiicy 2 ,,/MiLbourn•
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