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MORMilOE-truing* and Loan Poem-•-(Direct Credit:Plan) 2U.S (6peoiali
<br /> t r,• 4, MORTGAGE
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<br /> fi • 3 4• • • 13th > `, January • .xe.�0 by owdbet.K.er+-
<br /> .,k< ''g ALLENs,' , CLANCI AND:VERNITAS R. CLANCY; husband and wife, each in his and her own,,
<br /> ri 1r { rlahthand+aas spouse of i`he 'other, '
<br /> u r• of,,_, rte N,l • ,.County.Nebraaka:.ae.mortgagat •S and Boars federal Snvfnge.and:Loan 1Woatation of.•Grand:Island.
<br /> fi¥egi? ST,s a corporation organlLs$and existing.under the lase:of:Nebtosks;.with its principal office and platy of business at Grand Island.,Nebraska • '
<br />` Y,t • • • WIT THi `fiat said moregagor�_....for cad in.consideration..at the sum of
<br />'. • a • •• • T1-IIRTY-EIGHT THOUSAND' TWO HIJNORFD AND No/inn 4)auare .(a 38,200.00 ).
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<br /> `reolPt`of wlitsdr fe'hrnbr,aakoawledged:as by then:yrsaeab mortgage•cod warrant onto'said mortgagee;its-ateaeswn'•and .
<br /> yaselges.:.forever.all the following described real estate. situated 1n the county of. Hal I
<br /> + and*.Stat. t.Kellrcdk ,,i'skwfk• ..
<br /> ` LOT FOURTEEN (14) IN BLOCK ONE .(I ) PARKHILL SUBDIVISION, AN ADDITION TO THE
<br /> f .CITY OF' GRAND'.ISLAND, HALL COUNTY, NEBRASKA
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<br /> f a #' Together with all hunting ..lighting: and plumbing equipment'mrd fixture*.including stolen and brunet,.-emcee*.,awninge..stone window* '
<br /> ,t 5 and dame_and windovr shade.or,blinds.used:on or in connection with said Property. whether.the same are now located on said property .
<br /> mho x_ or hereafter placed therwon...
<br /> 'k• :, TO.;HAVE`_'AND TO HOLD THE;SAME, togetherwith all.and:singular the tenemsnte.hereditamente and appurtenances therrimto:belong•
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<br />:'',411%.'.:1-''':;..-..1---.-.14,-- bug.or in carrels, •
<br /> appertaining..forever..and warrant.the title to the same.:Said'mortgagors_hereby coer soldvenantwith td mortgagee ..
<br /> t .,r that.. -hi.y are- at she deuvery hereof.the lawful.owner a..at.the premises-above'conveyed and-,described.:and are
<br /> eelted.at a good and indefeasible estate of inheritance therein.:freeand clear of all encumbrances,and that. he4L—.will warrant and -
<br /> • • defend the title thereto forever against the claims and demands of allpersonswhomsoever.
<br /> e PROVIDED:-ALWAYS.:and:this instrument is executed and.delivered to secure the payment of the sum of
<br /> w. I - e : e e - reit e rte .e a _ ... ,(38,200 00 . I.y with'intermit thereon.together with such charges and advancesas may be due and payable to said-mortgagee-underthe terms-and
<br /> 'X, conditions of the promissory: note.of even. -date.herewith-and secured hereby.executed by said mortgagor to udd.mortgagee.payable
<br /> ' as wxprmed.in said note.and to secure the performance of all the terms and conditions contained:therein. The.terms.of.said note an
<br />- 'rl • hereby ncorporated herein,by this.reference. . - .
<br /> It is the.intention and agreement.of the parties hereto that this mortgage-. shall also...secure any. future advances madeto said -. .,..
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<br /> marfgago&—..by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors::or any
<br /> or . of them:.may:owe to-.said mortgagee.however evidenced whether by not,,book account or otherwise.: This mortgage wshallremain in till
<br /> farce:::and.effect-between--the parties hereto. their..heirs,.pereartai-reprenata<lrn. success=.and..asrtgas:.-until alit::.amouafa-.secured
<br /> x hereunder.-including future advances.are paid-in.full-.with interest,
<br /> 'i4 The -hereby.assign tosaid.mortgage*.all rents and income arising at any and:oIl time.from said properly:and
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<br /> hereby-authorise,.said:mortgagee;or its agent. at its option. upon default.;to take.charge:of said property and cofl all rents and income
<br /> -£- i'.-."...."--..<'-:, therefrom and apply the.same to the payment.of.interest:,principal:'Inauraace-.pnmlums, taxes..aneesmsnb,repairs or hmpravemsnte,rteasn --
<br /> cony-to,keep:raid property:in tenantable condition.or to other chargee arpayments.provided for herein or in the note busbysecured. Tide -
<br /> +y' ▪r.7 , rent assignment-shall continue:in force until.the unpaid-balance of said note is fully paid. The taking of pceswion:hereunder:shall in no .
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<br /> manner prevent or retard said mortgagee:in the co/Walton of said sums byfore losure or otherwise.
<br /> They failure 5of....@n- 'i!t"lta rights-her under at any time shall not be construed as a waiver of its right to assert
<br /> '' thieruame at-a:27-,- q, tup I 4*r*lsatorce strict compliance.,with-all the terms and provisions_ of- said.note and of this
<br /> If told mor e, 9 'e3�i --t .he.paid-tb said mortgages the entire amount due it hereunder,and under.the terms and provisions - t
<br /> h t r : { of said arta:.here" i• e .including'future adycaou:;and anystawsions or:renewals thereof, in accordance with.the terms end-provisions -
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<br /> thereof,and if said,madgagor shallcomply.with all the provisions of said note and of this mortgage.then these presents shall be void: : • ,-
<br /> • o e o r,eab tri inll,lor s aad.:elsat."and,saidmortgagee,whall.be,entitled to the possession;of all of said.property.and may.at its
<br /> " optiew->dactaa..tbhe whale of raid.not,and,all indebtedness represented thereby to.be Immediately due and payable.end.may ferenten this •
<br /> a ' mottggjtt or take any other legal-:action_to::prateet.iia right. and;from.the.date.ot.sueb:default all..items.of indebtedness.secured-hereby , r,
<br /> ;� shall:draw iruersat at Q��s anen• t. Ap natwwahved. .. s
<br /> { Tis morlga e.shall=be bindinq'.-•a•pon:and droll.enw^a t-the benefit al the heirs..xetutme:administrators. sucasrors sad:oWgns.of r.
<br /> y - the•respect ve•:poMNelrato.
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<br /> IN:NviTz tis:WHEilor,,matt ;; r.aVhereunto set tnP i �adS tits day and year firstabove � c,
<br /> �r •C • • • • Qx>c: • i .. .-.. t z ,441x) yyr�C
<br /> I`� Allen T. Clancy';" Vernita R. Clancy
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