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MORTGAGE—Savings and Loan Farm Credit Phiml 2552 (Spacial)
<br /> Entered as Document N .
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<br /> "• i 6- 000432 MORTGAGE
<br /> Loan No
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<br /> THIS INDENTURE,made this 27th , , January 19_76 by®a between
<br /> ROBERT R. 1,1cCAULEY AND RUTH D. McCAULEY, husband and wife, each in his and her own
<br /> right and:as spouse of the other,
<br /> of - Hall County,Nebraska,as mortgage -`..' and Home Federal Savings and Loan Association of Grand islandis fj{$
<br /> a corporation organized and existing under.the laws of Nebraska with Its principal office and place of business at Grand Island Nebraska, ;1
<br /> as mortgagee:
<br /> $ WITNESSETH: That said mortgagor-_—,for and in consideration of the sum of
<br /> TWFLVF THOUSAND SEVEN HUNDRED FIFTY AND NO/100 nova:, al? 750 on i, •
<br /> the receipt of which is hereby acknowledged,do_.._bythese presents mortgage and warrant unto said mortgagee, its.successors and
<br /> assigns,forever,all the following described real estate, situated fn the county of Ha I I
<br /> and State of Nebraska.to•wie
<br /> PART OF LOT EIGHT (8) BLOCK EIGHT (8), KEP.NOHAN AND DECKER'S ADDITION TO THE CITY OF .
<br /> $ GRAND ISLAND, AND ITS COMPLEMENT, PART OF BLOCK TWENTY (20). BONNIE BRAE ADDITION TO THE
<br /> CITY OF GRAND ISLAND, NEBRASKA DESCRIBED AS FOLLOWS: Beginning at the Southeast corner of
<br /> said Lot 8, in Block 8, Kernohan and Decker's Addition to City of Grand Island, Nebraska,
<br /> thence running westerly on the southerly boundary line of said lot, a distance of 25.8
<br /> feet; thence running northerly parallel to the easterly boundary line ofaid lot 8, a
<br /> $ distance of 95.5 feet, thence running westerly parallel to the southerly boundary line of
<br /> said lot 8 a distance of 40.2 feet to the westerly line of said lot 8 thence northerly
<br /> along and upon the westerly boundary line of lot b, a distance of 36.5 feet to the
<br /> northerly boundary line of said lot 8, thence easterly on the northerly line of said lot
<br /> 8, to a point where it is intersected by the southerly boundary line of Block 20 of Bonnie
<br /> Brae Addition, thence continuing easterly parallel to the souterly line of_said lot 8
<br /> aforesaid to a point 132 feet northerly of the southeast corner of said lot 8, thence ff
<br /> southerly to a point where the southerly boundary line of said Block 20 of Bonnie Brae
<br /> " }} Addition intersects the Easterly boundary line of said lot 8; thence southerly along and
<br /> $# upon the easterly boundary line of said lot 8 to the point of beginning.
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<br /> ' ' b
<br /> S}. Together with all heating, IlIVO
<br /> hting, and plumbing equipment and flxn:res,including stokers and hurners,screens,awnings,storm windows
<br /> } wad doors,wad window shades or blind,,used on or is connection with said property.whether t e ware cera now located an wad property
<br /> fF$ 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 /> i1 tag,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor—S._hereby covenant_with said mortgagee
<br /> j{ that t its y are at the delivery hereof,the lawful owner,of the premises above conveyed and described and ere
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that t hoV will warrant and t
<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 /> TWELVE THOUSAND SEVEN HUNDRED FIFTY AND NO/100-
<br /> nacos roll 75n no
<br /> i,
<br /> with interest thereon,together with such charges and advances as may be due and payable to sold mortgagee undo: the terms and
<br /> conditions of the promissory note of even date herewith and secured hereby,executed by sold mortgagor--.to said mortgagee,payable
<br />• as expressed in said note,and to secure the performance of ail the terms and conditions contained therein. The terms of said note are
<br /> t hereby incorporated herein by this reference_
<br /> fffftt{3 It Is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made- to said
<br /> k mortgagor_S_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, successors and assigns, until all amounts secured
<br /> fj hereunder.including future advances:are paid in full with interest.
<br /> $ The mortgagor T_.hereby ensign_to said mortgagee ail rents and income arising at any and all times from said property and
<br /> ff hereby autho axe said mortgagee or its agent, at its option upon default,to take charge of said property and collect all rents and income t
<br /> j therefrom and apply the tome to the payment of interest.principaL insurance premiums,taxes.assessments repaint or improvements nears-
<br /> $ sexy to keep said property in tenantable condition,or to other charges or payments provided for herein or fn the note hereby secured This.
<br /> rent assignment shall continue is force until the unpaid balance of said note Is fully paid. The taking of possession hereunder shall in no
<br /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise. •
<br /> I The failure of the mortgagee.to,assert any,of its rights hereunder at my time shall not be construed as a waiver of its right to assert
<br /> the same at any later time,and to insist upon and enforce strict compliance with all the terms andprovisions of said note and of this
<br /> mortgage.
<br /> j If said mortgagor___shall cause to be.paid to said mortgagee the entire amount due It hereunder,and under the terms and provisions t
<br /> lltt$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 mortgagor...S 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 fora and effect,and said mortgagee shall be entitled to the possession of all of said property,and may.at its t
<br /> 0$ option. the whole of said note and all indebtedness represented thereby to be immediately due and payable,and may foreclose this $T --.Y'
<br /> $$ d
<br /> mortgage or take any other legal action to protect is right and from the date of such default all items of indebtedness secured hereby
<br /> shall draw Interest at 9%per annum.. Appraisement waiver
<br /> This mortgage shall be binding upon and shall enters to the benefit of the belts,executant,administrators..successor,and assigns of
<br /> $ the respective parties hereto.
<br /> i IN WITNESS WHEREOF. said Mortgagor S he Ve hereunto set their hand--the day and year firs •
<br /> t above _
<br /> • wrinen,
<br /> i �c''uit"-IZ i°'' (t21.4-s )s7
<br /> Rabe'y R. i.Z ilu f ey
<br /> 1
<br /> kuth O. 14cLau i ey
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