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MORTGAGE-Savings and Loan Form-(Direct Credit Plan) 265.2 (Special)
<br /> .`,,,.'' ir MORTGAGE
<br /> 000541
<br /> 76=, - Lona No ;
<br /> THE rNDENTl)RE,made this 31st ,.1,of January- I9 76 by and between. :.
<br /> JOHN W. KREGER AND MERLE ANNE KREGER, husband and wife, each in his and her own right
<br /> • 3 and as spouse of the other
<br /> + of L1 County,Nebraska,.as mortgagor A and Home Federal Savings and Loan.Association of Grand Island.
<br /> ,'" a corporationorganized and existing under the laws of Nebraska with its principal office and place of business at Grand Isload.Nebraska.
<br /> IIy,-: as mortgagee;. - ..
<br /> WITNESSETH: That said mortgagors for and In consideration of the sum of -
<br /> FORTY`FOUR THOUSAND EIGHT HUNDRED AND NO/100 -Douai, (5 44,800.00 ),
<br /> , '' the receipt at which to hereby acknowledged.do.._by these presentsmortgage 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 State of Nebraska,to•wit: •
<br /> ..
<br /> t
<br /> LOT.TJIENTY-ONE'(21) CAPITAL HEIGHTS SEVENTH SUBDIVISION, HALL COUNTY, NEBRASKA. . .
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<br /> Together with:all heating,.lighting, and plumbing'equipment and. .fixtures.including stokers and burners,screens,awnings,'.storm windows
<br /> ,i. ) 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 /> or.hereafter placed thereon.; -
<br /> u ; TOHAVEAND TO HOLD.THE.SAME.together with all and.singular the tenements.hereditaments.and appurtenances(hereunto belong.
<br /> iug,or in anywise:apportatntng,forever,and warrant the title to the same. Said.mortgagorA__hereby covenant with said mortgagee
<br /> that----ht y w
<br /> are at the delivery hereof,the lawful oner S of the premises above conveyed and described.and
<br /> • seised.of a good and indefeasible.estate of inheritance therein,free and clear of all encumbrances,and that .they!will warrant and •
<br /> defend the titlethereto 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 /> FORTY FOUR THOUSAND EIGHT HUNDRED AND NO/100 foliate (A 44,800.00 ) •
<br /> with interest thereon,together with suchcharges and advances as may be duo and payable to said mortgagee underthe terms and
<br /> conditions of the promissory note of even date herewith and secured hereby.executed by said mortgagor__q-.to said mortgagee,payable
<br /> as expressedin said note,and to secure the performance of all the terms and conditions contained therein. The terms of said note are
<br /> herebyincorporated herein by thisreference.
<br /> ti• It is the intention and agreement of the parties hereto that this mortgage shall also secureany future-advances made to said
<br /> 3 # mortgagors 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 /> hereunder,including future advances.are paidin full with interest.
<br /> Themortgagor_S hereby assign_to said mortgagee all rents and income arising at any and au times from said property and
<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 /> x therefrom and apply the same to the payment of interest.principal.insurance premiums,..taxee,assessments.repairs or improvements neces-
<br /> T ' : awry to keep saidproperty In tenantable condition..or to other charges or payments provided for herein or In the note hereby secured. This
<br /> rent assignment shall continue Inforce until the unpaid balance of said note Is fully paid. The taking of possession hereunder shall in no
<br /> mannerprevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> f
<br /> The failure.of the.mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br /> I,,,-, the sameat any tater time,and to Insist upon and enforce strict compliance with all the terms and..provisions of said note and of this
<br /> '. morfgags.
<br /> If said mortgagor......1.shall cause to be paid to said mortgageethe 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 /> 5•
<br /> thereof,an'.if.said martgagor_shall comply with all the provisions of said note and of this mortgage,then these presents.shall be void;
<br /> a,; l otherwise'to remain in full force and effect,and saidmortgageeshall 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 secured hereby
<br /> shall drawinterest at 9%per annum.-Appraisement waived.
<br /> h+ , This mortgage-:shall be binding upon,and shall enure tothebenefit'of the heirs,executors,administrators,successors andassigns of
<br /> „.„',s, the respective parties hereto.
<br /> IN WITNFSS WHEREOF. said Mortgagors u„ye hereunto set their handi_the day and year first above
<br /> 1• written. )&,/,(/
<br /> Jo . Kreger /
<br /> 1 Ce (4
<br /> ,1 a t�vt i.,,, ,l
<br /> MerlAnne Kreger )
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