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<br /> MORTGAGE—Savings and Loan Form-(Dlrect Credit Plan) 255.2.(Special) , '-
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<br /> 'i"--..:" 76- (1 )0 419 MORTGAGE
<br /> S Loan No
<br /> rHls INDENTURE,made tht. 26th ,fay of January. . 111 76,by and between
<br /> h ` DERALD L. BOLTZ AND CONSTANCE RAE BOLTZ, husband and wife, each in his and her own
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<br /> ,, 3 right and as spouse of the other,
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<br /> i oL Hail County,.Nebraska,asmortgagor_`'_.and Name Federal Savings and Loan Association of Grand Island, -
<br /> a-corporation orgaainod:and existingunder tha laws of Nebraska with its principal office and place of business at Grand Island,Nebraska, . •
<br /> as mortgagee;
<br /> WITNESSETH: That said mortgagor—L, for and in consideration of the sum.of • -
<br /> _TH I RTY-ONE THOUSAND ONE HUNDRED AND NO/100 nomas (s 31 100.00 1,
<br /> the receipt of which is hereby acknowledged,do_by these presents mortgage and warrant unto said mortgagee, Its successors and
<br /> assigns,forever,all the following described real estate,situated in the county of Hall
<br /> and Stale of Nebraska,to-wit:
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<br /> LOT FIVE (5) WESTERN HEIGHTS SUBDIVISION, HALL COUNTY, NEBRASKA ,
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<br /> tj Together 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 to connection with said property.whether the same aronow located on said property
<br /> or hereafter placed thereon.
<br /> 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 some. Said mortgagor hereby covenant_with said mortgagee
<br /> that tJto_'L are at the delivery hereof,the lawful owner Sof the premises above conveyed and described,and are
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that t ho_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 num of
<br /> THIRTY-ONE THOUSAND ONE HUNDRED AND NO/100 Dollars 15 31,100.00 )
<br /> with Interest thereon,together with such charges and advancer as may be duo and payable to said mortgagee under theterms and.
<br /> conditions of the promissory note ofeven date herewith and secured hereby,executed by said mortgagor_a_to said mortgagee,payable
<br /> as expressed In said note,and to sxvre the performance of all the terms and conditions contained therein. The terms of said notearo
<br /> hereby.Incorporated herein by this reference.
<br /> It is the intention and agreement of the parties heretothat this mortgage shall also secure any future advances made to said -
<br /> mortgagor c bysaid mortgagee,and any and all Indebtedness in addition to the amount above stated whichsaid mortgagors,or any
<br /> r - of them.may owe to said mortgagee,however evidenced,whether by note,book account or otherwise. -Thls mortgage shall remain to 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 /> r, The mortgagors_hereby asslga_to said mortgagee all rents and income arising at any and all times from said property:and '
<br /> hereby authorize said mortgagee or its agent,at Its option,upondefault,to take charge of said property and collect all rents and Income. -
<br /> therefram and apply the same to the payment of interest,principal,insurance premiums.taxes,assessments,repairs or improvements:notes.
<br /> Bary to keep said property in tenantablecondition,or to other chargee 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 to no
<br /> manner prevent or retard said mortgagee in the.collection of said sums by foreclosure or otherwise. •
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<br /> Thefailure of thetmortgagee to assert tiny of its rightshereunder at any time ehail not be construed as a waiver of Its right to assert .-:..
<br /> the sameat any later time,and to insist-npan and enforce strict compliance with all the terms and provisions of said.note and.of this:.
<br /> mortgage. - :c-
<br /> If said mortgagor_J_ehall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provisions •
<br /> f; of said note hereby secured,Includingduture advances,and any extensions or renewals thereof in accordance with the terms and previsions.
<br /> thereof,and if said mortgagor_S-shall comply with all the provisions of said note and of this mortgage,then these presents shall be void; a
<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 or take any other legal action to protect Its right, and from the date of such default all items of indebtedness.segued-hereby _ {
<br /> shall draw interest at it9t f,r annum. Appra cement waived F
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<br /> This mortgage.shall be Sinding upon and shall enure to the benefit of the hairs.executors,administrators,successors and assigns of g
<br /> the-respective parties hereto.
<br /> -WHEREEOOFF,, said(MMJortgagor ha Ve hereunto set the i r hand_. _the day and year first above -'
<br /> r f sari ten. -...-4--
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<br /> Derald L. Boltz Constance Rae Bol z
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