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" •• MORTGAGE—Savings and Loan Forte--(Direct Credit Plant 255.2 (SPerial)
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<br /> 76- 000486
<br /> MORTGAGE
<br /> , Loan No
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<br /> mu;omalln;m.mot'. thisZath441r0( January 1976,by and between .
<br /> LAWRENCE A. GILL AND STEPHANIE B. GILL, husband and wife, each in his and her own''
<br /> I': 3 • right'and as spouse of the other
<br /> P-..; . --------T.
<br />.''';',-.• of. Ha i I ['Aunty,Nebraska,az mortgagor.. ,and Home Federal Savings and Loan Association of Grand Island, ' •
<br /> a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand',lend.Nebraskcr
<br /> __ .
<br /> as mortgagee;
<br /> .-,..^ • WITNIISSETH: Thal said mortgagor—S—.for and in consideration of the sum of
<br /> • SIXTEEN THOUSAND SIX HUNDRED AND NO/100 Doti
<br /> 16'600.00 / .
<br /> „ .
<br /> the receipt of which to hereby acknowledged,do---by these presents mortgage and warrant unto saldamaOi (ttgcgtgettits successors and
<br /> D i• '
<br /> •,r,, azsig,s,forever,all the following described real estate,situated in the county of Ha II .
<br /> •;;;:, and State of Nebraska.to-wit;
<br /> THE EASTERLY FORTY AND THREE TENTHS (40.3) FEET OF LOT ELEVEN (II) OF THE
<br /> ",-,- • COUNTY SUBDIVISION OF LOTS 13 AND 16 AND PART OF LOTS 8, II, 12 AND 14 OF
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<br /> THE COUNTY SUBDIVISION OF THE SEIISW4 OF SECTION 16, TOWNSHIP II NORTH, t .
<br /> • RANGE 9 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA i
<br /> ...-•",',
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<br /> ,Y.,,';
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<br /> .?,f, Together1th all heating, lighting, and I t d fixtures.Including take d burners.screens,awnings,storm windows
<br />•"‘' ',.. anddoo.rs7and window shades at blinds,plumbing
<br /> on or Inconnectionwith said property,whether the same now locatedonsaid property . .
<br /> or hereafter placed thereon.
<br /> TO HAVE MID TO HOLD THE SAME..together with all and singular the tenements,hereditaments and appurtenances thereunto belong.-
<br />?:: lug,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor.-5_.hereby covencmt__with said mortgagee
<br /> that. .tis. _ are at the delivery hereof,the lawful owner_of 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-he.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 pent of the sum of
<br />• SIXTEEN THOUSAND SIX HUNDRED AND NO/100 T1/4410. , 16,600.00 >,
<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. to said mortgagee,payable
<br /> as expressed In said note,and to secure the performance of all the term' and conditions contained therein. The terms of said note are
<br />:,- • hereby Incorporated herein by this reference.
<br /> I
<br /> is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> t. mortgagor-5—by said mortgagee,and any and all indebtedness in addition to the amount above stated which said mortgagom,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 /> hereunder,including future advances,are paid in full with interest.
<br /> The mortgager—__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 agent,at its option,upon default,to take charge of acid 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 necee-
<br /> , tsary 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 posseselon hereunder shall in no
<br /> manner prevent or retard said mortgagee In the collection of said sures by foreclosure or otherwise.
<br /> failure of the mortgagee to assert,any of its lights hereunder at any 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 and provisions of said note and of this
<br />'T.,"' mortgage. • •-
<br /> .‘.,-;,.. It 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,and if said mortgagar—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 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 front the date of such default all Items of Indebtedness secured hereby ,
<br /> shall draw interest at n pix annum. Appraisement waived. •
<br /> This mortgage shalt be binding upon and shall enure to the benefit of the heirs,executors administrasu
<br /> tors. ccessors and assigns of
<br />' ',• 4 the respective parties hereto. '
<br /> IN WITNESS WHEREOF, said Mortgagor _ji........._s v e hereunto set • their hand ,the day•.d year first above
<br />• mitten.
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<br /> 1 .. , e. ,„,, ' ---,
<br />''. r ,if' G,--,-e..... ,„_...i.,...
<br /> . irs Al.. - 't....
<br /> Lawrence A. Gi 1 -p e I, i •
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