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<br /> MORTGAGE----Scringi and Loan Forrit--(Direct Credit Plan) 2554 (Special) •
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<br /> - "-7(7. 00 0 9 6 4 MORTGAGE
<br /> Loan No '
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<br /> THIS ,em.mad. ud. th day of January . 19anbetween
<br /> 76 by d
<br /> 6.•'1'4 :'..','''.,''. : EVERETT.L. GILLILAND AND'JERILYN L. GILLILAND, husband and wife, each in his and her
<br /> own ,right and 7'as spouse of the other
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<br />:,,,,,,7 ,- •. :,7- el ' 1 rounty.Nebraska,as mortgagor...I-3.and Home Federal Savings and Loan Association of Grand Islcntd. . ' •
<br />: ,;-,,",,,,,:;-.. -.,•,,, , a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska,
<br /> ;';`,-',(''';'',•':''.:. '
<br /> as mortgagee:
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<br /> •-. WITNESSEI'll: That said mortgagor-- . for and in consideration of the sum of
<br /> nanani (R , .
<br /> TWENTY SEVEN THOUSAND ONE HUNDRED AND NO/100 2710000
<br />'1.'.67, • .'.- 77'7 '" the receipt of which is hereby acknowledged, do—..-,by these presents mortgage-and warrant unto sold mortgagee, its successors and
<br /> Hall
<br /> assigns, forever, all the following described real estate, situated in the county of
<br />',;'4'•-•,-*'-'.'' ',,. 'f... „.• and State of Nebraska.la-wit:
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<br /> LOT TWENTY-NINE (29) IN SASS SECOND SUBDIVISION LOCATED IN SECTION
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<br /> FOURTEEN (14) TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE
<br /> "L 6TH 1.M. , IN HALL COUNTY, NEBRASKA.
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<br /> t;f:-.',:"":-',••-,:',,.' ' , ' .
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<br /> Together with all heating. lighting, and plumbing equipment and fixtures.including stokers and burners.screens.awnings,storm-winder's '• ..-
<br />.'•,-,..,'',---, ,„ t' 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 />''.k.'!",•-''.;-I'.''', 11 or hereafter placed thereon. •
<br /> TO HAVE AND TO BOLD THE SAME together with all and singular the tenements,hereditaments and appurtenances thereunto beton
<br /> 0::;.;-: .. • ing,or In anywise appertedning.forever,and warrant the title to the same. Said mortgagor, _hereby covenant___.with said mortgagee • .
<br />,,.4.1--,.-, •. that the Y are at the delivery hereof,the lawful a„aar ,s of the premises above coriveyed cmd described.and are
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that____t_lie-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 SEVEN THOUSAND ONE HUNDRED AND NO/100
<br /> Inat..—m 27,100.00 ) '
<br /> with Interest thereon, 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 date herewith and secured hereby,executed by said mortgagor_f_to said mortgagee,payable
<br /> as expressed in said note,and to secure the performance of all the terms and conditions contained thersin7The terms of said note are
<br /> hereby incorporated herein by this reference.
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<br /> It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said '
<br /> i,...?...4:: rfozz,.......p_may obwye stItid.ariortgagee, an.d any andver ...jail indebtednessdenced, , ihether tn,yarTft.tIona.. to k theaamount above stated. which aThis :ad.maritigt•igors, oemain tra any
<br /> force and effect between the parties hereto and their heirs, personal representanves, succesecirs and assigns, until all amounts secured
<br /> hereunder,including future advances,are paid in full with interest
<br /> V.,....',' The mortgagor-E_hereby assign____to said mortgagee all rents and income arising at any and .131 times fxom.said property and 1 ,
<br /> hereby analogize !aidmortgagee or Its agent at its°Phan, upon default,to takechargeof said property and collect all rents and income
<br /> therefromtoapply the same keep said property. to thet Parentcondit/t interest principal,prhicipother ll.insert or
<br /> premiums. tildxzst.tarassheeesmenrein arts,t.repaus orthe not,herimeap7verients neces.eary
<br />'Li;-'' • rent assignment shall continue in force until the unpaid balance of said note is fullyPrpaid. The taking of possession hereunder shall in no
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<br />..,..ii.:, .. , manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />-.•-•.„, -. . ; The failure of the znortgagee to assert any of Si rights herermder at any time shall not be construed as a waiver of its right to assert
<br />",,,Vi . 7, • 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 /> ,.. '- mortgage.
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<br />,,---;-:-. . , If said mortgagor-L—shall cause to bepaidto said mortgagee the entire amount due it hereunder,and under the terms and provisions
<br /> J."•.,-.-'''", - of said note hereby secured.including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> thereof.and if said morbragoz......?,shall comply with all the provisions of said note and of this mortgage,then these presents shall be void: i
<br /> Otb¢ririfilt to rernairtin full force and effect,and said mortgagee shall be entitled to the possession of all of said property, and may. at its
<br /> t',V, ,-;••7. option.-cleckars the whole of said note and all indebtedness represented thereby to be Immediately due and payable,and may foreclose tins e .. ,...,...
<br /> i,-...;."•,-„::.-', ,.. 4 mortgage or take any other legal action to protect its right, and from the date of such default all items of indebtedness secured hereby I ;,„,,-,,.',24.•:;2'..4P:-,'..P.,-,,,,
<br /> ,..,',,,:•••• .'• shall draw interest at 9% per amines. Apprafsensent waived.
<br /> ,. the This mortgage:shall be binding upon and shall enure to the benefit of the heirs. executors.adrobristrators. successors and assigns of
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<br /> teepoctive partials
<br /> IN WITNESS V7HEREOL maid blartgagor s •••• vs hereunto set
<br /> their hasmt....&_the day and year first above
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<br /> Everett ,L. Gilliland
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<br /> Je' iiyn;17,. Gilliland
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