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<br /> MORTGAGE--Ravings and Loan Forth---(Direct Credit Plan) 255-2 (Special) ,.
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<br /> SpS • sr,`,., t3t)0304 MORTGAGE
<br /> 9r Lona No :i .i
<br /> 7th January76 r
<br /> ti THIS INDENTURE. made this day of 78_�by and�tetiiYaea
<br /> DANNY L. STARK & GLORIA J. STARK, husband and wife, each in his and her own righi'i
<br /> 3 and as spouse of the other, •y.. •
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<br /> AV of - Ha I I County.Nebraska.as mortgagor.&..and Nome 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 /> f� an mortgages,
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<br /> ri. WIINESS£T73: That said mortgagors_, for and in consideration of the sum of—
<br /> yr EIGHTEEN THOUSAND AND NO/100 Ilona,. (9 18,000.00
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<br /> E$ the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, Its successors and
<br /> iHall
<br />,.,rt, assigns, forever, all the following described real estate, situated in the county of
<br /> K and:Stab of Nebraska, to•wit: ,
<br /> to
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<br /> • LOT FOUR (4), IN BLOCK THIRTEEN (13), IN RUSSELL WHEELER'S ADDITION, TO
<br /> THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> V.
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<br />�, stTogether with all heating, lighting, and plumbing equipment and fixtures,including stokers and burners. screens,awnings,storm windows
<br /> ?• 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 /> r or hereafter placed thereon.
<br /> h- TO HAVE AND TO HOLD THE SAME. together with all and singular the tenements.hereditaments and appurtenances thereunto belong-
<br /> tag.or in anywise appertaining.forever,and warrant the title to the same. Said mortgagor= hereby covenant_ with said mortgagee
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<br /> that-_t—hem(_ are at the delivery hereof,the lawful owner of the premises above conveyed and described,and i,re ;
<br /> S $ seised of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances,and that_t ie _will warrant and i
<br /> defend the title thereto forever against-the claims and demands of all persons whomsoever. r
<br /> PROVIDED ALWAYS. and this instrument is executed and delivered to secure the payment of the sum of
<br /> w F I GHTFFN THOUSAND AND NO/100 ..n. Is I R,1100_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_5......_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 />;. - S 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
<br /> mortgagor 5 by said 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 in full
<br />'-<%.` force,and effect between the parties hereto and their heirs,personal representatives, successorsand assigns, until all amounts secured `
<br /> hereunder,including future advances,arepaid in full with interest.
<br /> The atortgagor�._herebyasslgn to said mortgagee all rents and income arising at any and all times from said propertyand
<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 /> therefrom and apply the same to the payment of interest,principal, insurance premiums, taxes, assessments, repairsor improvements neces-
<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 /> r manner.prevent or retard.said mortgage�L{,,iba,c leclipp„of said sums by foreclosure or otherwise.
<br /> The.failure of the 'ort ge'yto”assert app at, its" Ig'hts hereunder at any time shall not be construed as a waiver of its right to assert
<br /> the.same at any later timet bad to heist tion and enforce strict compliance with all the terms and provisions of said note and of this
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<br /> If said mortgagor_5___shall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provisions
<br /> of saidnote hereby secured,includingfuture advances,and any extensions or.renewals thereof in accordance with the terms and provisions
<br /> thereof,and.if said martgagar- shall comply with all the provisions of said note and of this mortgage,than these presents shall be void:
<br /> otherwise to remain in full force and effect..and said mortgages shall be entitled to the possession of all of said property, and may. at its
<br /> .. option."declare the wyhole of said note and all indebtedness represented thereby to be immediately due and payable,and may foreclose this
<br /> shall drawge or ratake est arty
<br /> tap'I�otterrrl�action to protect
<br /> emant waived. andht, from the date.of such default all items of indebtedness secured hereby _ . -
<br /> the This imortgage shall:be binding.upon and shall enure to the benefit of the heirs. executors.administrators. successors and assigns of
<br /> •'F IN WITNESS WHEREOF. said q ha VPve parties hereto.
<br /> their 5 y -
<br /> Mortgagorhereunto set band_the day and year first above
<br /> wrttbn..
<br /> anny L. Sta `'� Gloria J. Starr
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