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<br /> IF• MORTGAGE--Savings and Loan Form--(Direct Credit Plan).2682 (Special? I
<br /> � 6a 000302 MORTGAGE
<br /> Loan No
<br /> THIS INDENTURE. made Oita 20th dayof January /6
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<br /> o 3i by and between
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<br /> ERMA E. THAGARD, A SINGLE PERSON
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<br />•` Hall
<br /> of County.Nebraska.as mortgagor_,and Home Federal Savings and Loan Association of Grand Idond,
<br /> a corporation organised and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska.
<br /> t.f r soo mortgagee:
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<br /> WITNESSETH: That said..mortgagor._. for and in consideration of the sum of . . -
<br /> bs TWENTY THOUSAND AND N0/100 Ballets iS 20,000.00 L
<br />�+ the receipt of which is hereby acknowledged. do by these presents mortgage and warrant unto said mortgagee, its successors and
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<br /> t s assigns, forever, all the following described real estate, situated in the county of
<br /> and State of Nebraska. to-wit:
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<br /> it LOT FOUR (4) EXCEPT THE NORTHERLY SIXTY-SIX FEET (N 66') OF THE
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<br /> WESTERLY THREE FEET (3') BLOCK THIRTY-SEVEN (37) WASHER'S
<br /> ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
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<br /> $$ Together with all heating, lighting, and plumbing equipment and fixtures,including stokers and burners,screens,awnings,storm windows tS{F
<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 /> or hereafter placed thereon. SS
<br /> TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements.hereditaments and appurtenances thereunto belong-
<br /> ing,or anywiseis in
<br /> appertaining.forever,and warrant the title to the same. Said mortgagor_hereby covenant--with said mortgagee
<br /> that Sire_ 'S at the delivery hereof,the lawful owner—of the premises above conveyed and described,and i S
<br /> seised of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances,and that S he 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 THOUSAND AND NO/100 ---Dollars iS 20,000.00 l
<br /> with interest thereon, together with suchcharges 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--to said mortgagee,payable
<br /> as expressed in said note,and to secure the performance of all the terms and conditions contained therein. The toms of said note are
<br /> fff, hereby incorporated herein by this reference.
<br /> $ Itis the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> $S mortgage+ by sold mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or any
<br /> of them. may owe to said mortgagee, however evidenced. whether by note,book account or otherwise. This mortgage shall remain fn 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,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 /> 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 nares•
<br /> nary to keep said property is tenantable condition, or to other charges or payments provided for herein or in the note hereby segued. This
<br /> rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall inno
<br /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> $ The failure of the mortgagee-to assertany..of..its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br /> 1 t the same at any later time,•..and to insist upon and enforce strict compliance with all the terms and provisions of sold note and of this
<br /> mortgage.$
<br /> U said mortgagor shall cause to be paid.to said mortgagee the entire amount due it hereunder,and under the terms and provisions
<br /> of said note hereby secured,including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> thereof,andif saidmortgagor—shall comply with all the provisions of said note and of this mortgage,then these presents shall be void:
<br /> 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 the whole of said note and all indebtedness represented thereby to be immediately due and payable,and may foreclose this
<br /> ' mortgage ortakeany otherlegalaction to its
<br /> protectright. and from the date of such default all Items of indebtedness secured.hereby
<br /> shall draw Interest at 9% per annum. Approlsemeat waived:
<br /> This mortgage shall be binding upon and shall enure to the benefit of the heirs, executers, administrators, sucessora and assigns of.
<br /> the respective parties hereto.
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<br /> IN WITNESS WHEREOF. said Mortgagor- he S hereunto set her hander the day and year first above '
<br /> written. -
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<br /> ' Erma E. Thagard, a ,single person
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