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<br /> MORTGAGE—Savings and Loan Form—(Dirset Credit Plan) 255.2 (SpecPul)
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<br /> 7‘..()(,)0099 MORTGAGE
<br /> x
<br /> v Loan No
<br /> i''''1"*"." THIS INLENltlAE: mads,this 5th nay.rf January . is 76 by.and between
<br /> 7's% LEO ELMER MEYER AND SHIRLEY MAE MEYER, husband andwife, each in his and her own right
<br /> and as spouse of the other
<br /> of.... Hall.`: County,Nebraska.as mortgagor B. and Home federal Savings and Loan Association of Grand Island.
<br /> a corporation organised andexisting under the laws of Nebraska with its principal office and place of business at Grand Island.Nebraska,
<br /> 61� as-mortgagee:..
<br /> Ki
<br /> tt
<br /> WITNESSETH: That,said martgagor 8 for and in consideration of the sum of
<br /> $f$ TWENTY ONE THOUSAND TWO HUNDRED AND NO/100 Rattans 21,200.00 )
<br /> $ - the receipt of which Is hereby acknowledged, do_ by thesepresentsmortgage and warrant unto said mortgagee. Its successors and
<br /> j assigns,forever. all the following described real estate. situated in the county of Hal l
<br /> and-State of Nebraska..to•wit:
<br /> LOTS SEVEN (7) AND TEN (10) AND THAT PART OF LOT ELEVEN (11) MORE PARTICULARLY
<br /> DESCRIBED AS FOLLOWS: Beginning at the Westerly corner of Lot Eleven (11)
<br /> ' M:=" (Which'is alsh the Northwest Corner of Lot Seven), thence in a northeasterly
<br /> direction or the Northerly line of said Lot 11, a distance of 71.5 feet, thence
<br /> in Southeasterly direction on a line at right angles to the Northerly lot
<br /> Y
<br /> line, 'a distance of 49.0 feet to a point on the southerly line of said Lot 11, •
<br /> 4
<br /> (Which is also the Northeast corner of Lot 10) thence westerly on the •
<br /> southerly lot line of said Lot 11 a distance of 86.5 feet to the point of
<br /> beginning, and ALL BEING IN BLOCK FOUR (4) RE-SUBDIVISION OF BLOCK 4 SECOND
<br />( ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, IN THE NORTHEAST QUARTER OF
<br /> THE NORTHEAST QUARTER OF SECTION 28, TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH M.
<br /> t {; Together with all.heating. lighting, and plumbing equipment and fixtures.including stokers and burners.screens. awnings,storm windows
<br /> Sf{$ and doors,and window.shades or blinds, used on or in connection with said property, whether the same are now located.on said property
<br /> j or hereafter placed thereon.
<br /> TO HAVE AND TO HOLD THE SAME. together with all and singular the tenements.hereditaments and appurtenances thereunto belong.
<br /> x, fag.or in anywise appertaining,forever, and warrant the title to the same. Said martgagor S hereby covenant_with said mortgagee.
<br /> that the Y are at the delivery hereof,the lawful owner 9 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 the Y will warrant and
<br /> 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
<br /> TWENTY ONE THOUSAND TWO HUNDRED AND NO/100 (f 21,200.00nouars
<br /> with interestthereon, together with such charges and advances as may be due and payable to said mortgagee under the terms.and
<br /> conditions of the promissory note of even dote 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 terms of said note are.
<br /> her
<br /> eby 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 /> mortgagor_S_by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, arany
<br /> of them, may awe to said mortgagee, however evidenced, whether by note,book account or otherwise. This mortgage shall remain in full
<br /> force and effect between the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured
<br /> hereunder,including future advances.axe paid in full with interest
<br /> The mortgagor...J._hereby aeelga to said mortgages 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 /> a therefrom and apply the same to the payment of interest princtpaL insurance premiums. taxes, assessments. repairs or improvements noes-
<br /> sary 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.
<br /> f. manner preventor retard said mortgagee in the collection of said sums by foreclosure or otherwise. -.
<br /> T;' SThe failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiverof its right to assert
<br /> $jj{ the same at any later time, and to insist upon and enforce strict compliance with all the terms and.provisions of said note and of thin
<br /> T mortgage-
<br /> e
<br /> e
<br /> If m
<br /> i, said ortga or shall cause to be paid to said mortgagee the entire amountdue it hereunder,and under the terms and provisions
<br /> future r of said note hereby secured.including advances.and any extensions or renewals thereof in accordance with the terms and provisios
<br /> n
<br /> 0' i thereof,and if said mortgagor_S_ shall comply with all the provisions of said note and of this mortgage,than these presents shall be void:
<br /> S force and offset and
<br /> otherwise to remain..in,full.. .said mortgagee shall be entitled to the possession of all of said property, and may. at its
<br /> option,declare the whole of said noa and all indebtedness represented thereby to be immediately due and payable,and may foreclose this
<br /> mortgage or take any,.otherlegalaction to protect its right.and from the date of such default all items of indebtedness secured hereby
<br /> shall draw interest at 9% per annum. Apprafsement waived.
<br /> $ This mortgage shall be bindingupon and shall enureto lbs benefit of the heirs,executors,administrators, successors and assigns of
<br /> the'respective parties hereto.j}SS IN WITNESS.WHEREOF. said Mortgagor s haye hereunto set their- hand s the day and year first above
<br /> ' Z written. i r-i
<br /> - r- ,-C ia .� , . A- -,.• ,.
<br /> Leo Eimer M er
<br /> Shirley Mae Meyer
<br /> I. • I :7
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