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<br /> MORTGAGE--Savings and Loan Farm—(Direct Credit Plan) 255.2 (Special)
<br /> 76- 000447 MORTGAGE . ,. ,,
<br /> Loan No
<br /> THIS INDENTURE,made lh,• 28Th dayaf January 19.16._.by and between
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<br /> s. ,by.andbetween,,` , PHILIP E. HAMMON AND LORRAINE J. HAMMON, Husband and wife, each In his and her own
<br /> ' ; right and as spouse of the other,
<br /> of Ha I I -County.Nebraska,as mortgagor—g_.and Home Federal Savings and Loan Association.of.Grand Island',
<br /> a corporation organisedand existing underthe lasts of Nebraska with It principal office and place of business at Grand Island Nebraska.;
<br /> r i as mortgagee: -
<br /> WITNESSETH:.'.That sold mortgagor_§.....,for and In consideration of the sum of
<br /> TWELVE THOUSAND EIGHT HUNDRED AND NO/100 Dossers (S 12,800.00
<br /> },' the receipt of which Is hereby acknowledged do—.by these prevents mortgage and warrant unto said mortgagee, its successors and -
<br /> assigns,forever,allthe following described real estate,situated in the county of Hal I
<br /> :,' '-.and State of Nebraska.to-wit:
<br /> LOT SIX (6) IN BLOCK TEN (10) IN BOGGS AND HILL'S ADDITION TO THE CITY OF GRAND
<br /> ISLAND, HALL:,COUNTY, NEBRASKA
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<br /> t ! Together withall heating. lighting, and plumbing equipment and fixtures,including'token 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 saidproperty
<br /> or hereafter placed thereon.- ..
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditament and appurtenances thereunto belong•
<br /> log,or in anywise appertaining.forever,and warrant thetitle to the same. Said mortgagor_; hereby covenant—with said mortgagee
<br /> that�'hs_yL, are at the delivery hereof,the lawful owner—of the premises above conveyed and described,and afe
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that t hey_will warrant and -
<br /> defend the title thereto forever against the claims and demands of all persona whomsoever.
<br /> PROVIDED ALWAYS, and this instrument is executed and.delivered to secure the payment of the sum of ,
<br /> TWELVE THOUSAND EIGHT HUNDRED AND NO/100nollors_(t 12,800.00
<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-;L 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 /> hereby incorporated herein by this reference.
<br /> Il Is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made.to said
<br /> mortgagor_$_by said mortgagee,and any and all Indebtedness in addition to the amount above elated which saidmortgagors,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 enact 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 /> t. hereby authorize said mortgagee or its agent,at it option,upon default,to take charge of said property and collect all rents and income
<br /> therefrom andapply the same to the payment of interest,principal,Insurance premiums.taxes,assessments,repair'or Improvement nacos. 2 '
<br /> nary to keep said property in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This ff
<br /> rent assignment shall continue In force until the unpaid balance of said note is fully paid. The taking of possession hereundershall in no
<br /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> ( The failure of the s ertgattee to aseert,,rmy,ot its rights hereunder at any time shall not be construed as a waiver of!t right to assert '
<br /> the same at any later time•and to insist:upon and enforcestrict compliance with alltheterms and provisions of said note and of this
<br /> mortgage.
<br /> If said mortgagor S 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,and if saidmortgagor_.S.shall comply with all the provisions of said note and of this mortgage,then these presents shall be void:
<br /> I. 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 it
<br /> option,declare thewhole 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 actionto protect it right.and from the date of such default all Items of indebtedness secured hereby
<br /> v,' j- shall draw interest aytMi Iyer annum. Appraisement waived - -
<br /> £ This mortgage shall bindinguponand shall enure to the benefit of the heirs,executors,administrators,successors and assigns of
<br /> { the respective parties hereto.
<br /> IN WITNESS WHEREOF, said Mortgagor S ha Ve hereunto set their hand_$_the day and year first above
<br /> � r6vwvt,,r't - - _ /r-t-1 of t,12,7i /
<br /> hilip E. Hammon Lorraine J. Hamtnon
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