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MORTGAGE--Savings and Loan Form--(Direct Credit Plan) 266.2 (Special)
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<br /> 1 ;y+ . 0 0 0 2 40 MORTGAGE ,
<br /> Loan No
<br /> THIS INDENTURE.::.mode.tt.tr 15th „ay JanilarY____ _,.� 1976 Icy toed between
<br /> A. LEWIS COLE AND DONNA D. COLE, husband and wife, each in his and her own right and
<br /> 3 as spouse of the other,
<br /> � „t He I.I County.Nebraska.as mortgagor:_..and Home Federal Savings and Loan Association of Grand Island.
<br /> ” a corporation organised and existing under the laws of Nebraska with its principal office and place of business at Grand Island.Nebraska,
<br /> as mortgagee:
<br /> WlTNFSSETH: That said.mortgagor_, for and inconsiderationof the sum of
<br /> rat TWO THOUSAND FIVE HUNDRED AND NO/100 -nam (t 2,500.00 ),
<br /> the receipt of which is hereby acknowledged do_ by these:presents mortgage and warrant unto said mortgage*, its successors and I
<br /> Ir, assigns, forever. all the following described real estate, situated in the county of_ Ha I 1
<br />` and State of Nebraska,to-wit:...
<br /> THE EASTERLY SIXTY-THREE (E 53' ) FEET OF LOT TWO (2), AND THE WESTERLY TWENTY-SEVEN #{$
<br /> (W 27') FEET OF LOT THREE (3), PLEASANT VIEW FIFTH SUBDIVISION, CITY OF GRAND ISLAND,
<br /> , HALL COUNTY, NEBRASKA
<br />,s
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<br /> rH SUBJECT TO A PRIOR MORTGAGE IN THE ORIGINAL AMOUNT OF $33,000.00, IN FAVOR OF
<br />' HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND RECORDED IN BOOKIG5,
<br /> PAGE 361, OF THE MORTGAGE RECORDS OF HALL COUNTY, NEBRASKA.
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<br /> ss_ Together withall heating, lighting. and alu.nhtng equipment andfixtures.including stokers and burners.screens.awnings.storm windows- t - -
<br /> ,is 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 /> v or hereafter placed thereon.
<br /> TO HAVE AND TO HOLD THE SAME. together with all and singular the tenements.hereditaments and appurtenancesthereunto belong-
<br /> " lug,or in anywise appertaining.forever,and warrant the title to the same. Said mortgagor_.1_hereby covenant_ with said mortgagee
<br /> that the V are at the delivery hereof,the lawful owner_.of the premises above conveyed and described,and are -
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<br /> x i seised of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances.and that t he Y will warrant and
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever. t
<br /> PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of 1
<br /> TWO THOUSAND FIVE HUNDRED AND NO/100 trouors (, 7,500.00 1.
<br /> with interest thereon. together with such charges and advances as maybe due
<br /> and payable to said mortgagee under the terms and
<br /> conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagath_._to saidmortgagee.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 /> 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
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<br /> FS mortgagor--S-by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mot y.,yu.s..or any
<br /> 1)} of them. may owe to said mortgagee, however evidenced,.whether by note.book account or otherwise. This mortgage shall remain in full
<br /> a
<br /> forand.effect between the parties hereto and their heirs, personal representatives. 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 arisingat any and ail times from said property and
<br /> hereby authorize said mortgagee or its agentat 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 neces-
<br /> sary to keep said property in tenantable condition, or to otheror payments
<br /> rent assignment shall continue in force until the unpaidchargesisprovided for taking or possession the nohereby srethed. This
<br /> 9nmen balance of said note L fully paid. The taking o! hereunder 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 assert1, 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 this
<br /> C•. mortgage.
<br /> If said mortgagor---shall coup to DM',pcid-1n.'said mortgagee the entire amount due it hereunder,and under the terms and provisions
<br /> 3• of said note.hereby secured.including future advamws,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> i - thereof.and if said m S •,. '
<br /> ortSlaRr`r _..shall comply with all the provisions of said note and of this martgags,then these presents shall be veld:otherwise to remain in full force and..effect..and said mortgagee shall be entitled to the possession of all of said property, and may. at its
<br /> option.declare thewhole of said note and all indebtedness represented thereby to be immediately dee and payable.and
<br /> may foreclose this
<br /> shall draw
<br /> mortgageinterest Mill
<br /> other legal action to protect its right, and from the dots of such default all items of indebtedness secured. hereby
<br /> at/t;;b§reffi
<br /> annt . Appraisemnt awaived.
<br /> This mortgage shed]. e binding upon and shall entre to thebenefit of the heirs. executors.administrators. successors and assigns of the respective parties hereto,
<br /> IN WITNESS WHEREOF, said 5 t.,. Ve their 5
<br /> written..... Mortgagor hereunto set ,,,tort the day and year first above € _
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<br /> •' tonna 1J. uo1e
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