|
•
<br /> MORTGAGE—Ratings and Iran Form--iDtrect Credit Plan) 2553 (Special)
<br /> "" t
<br /> 76. 00055 4 MORTGAGE
<br /> Loan No ..
<br /> •
<br /> nus INDENTURE,mad.:-this 2nd.. day, February 19 76 by and.between . - ..
<br /> GARY D.,ALKIRE AND PAULA E. ALKIRE, husband and wife, each in his and her own right
<br /> t and as spouse of the other
<br /> os._ Miall County.Nebraska,as martgagor s,,and Home Federal Savings and Loan.Aarodaten of Grand Island,
<br /> J; a corporation organized and existing under the laws of Nebraska.with IN principal office andplace ofbusiness at Grand Island,Nebraska. .
<br /> i as motig'!igee:
<br /> WITNESSETH: That said mortgagors for and in consideration of the nim of
<br /> {i, THIRTY THREE THOUSAND THREE HUNDRED AND NO/100
<br /> Dollar 0 33,300.00 L
<br /> ...
<br /> • - the receipt of which is hereby acknowledged.do.__by these presents.mortgage and warrant unto said.mortgagee. Its successors and
<br /> . tmigns,'forever.all the following described real estate,situated in the county of Hall o
<br /> F,,•., and.State of Nebraska.to-wit:.. .
<br /> LOT THIRTY ONE (31) CAPITAL HEIGHTS 7TH SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> t
<br /> jSj .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 in connection with said property.whether the same are now located on said property
<br /> r- tt or hereafter placed thereon.
<br /> i TO HAVE AND TO HOLD THE SANE,together with all and singular she tenements.hereditaments and appurtenances thereunto belong-
<br /> t lag.or in anywise appertaining.forever,and.warrant the title to the same. Said mortgagors hereby covenant._with said mortgagee
<br /> Y
<br /> I. that t he�'_ aTe at the delivery hereof.the lawful owner 6 of the I
<br /> t premises above conazyed and described,and BTe
<br /> seized of a good and indefeasible estate of inheritance therein.free and clear of all encumbrances,and that_rtes will warrant and ,
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever-
<br /> FROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> i THRITY THREE THOUSAND THREE HUNDRED AND NO/100 ,,,tt,,,., (t 33,300.00
<br /> with.interest thereon,together with such charges and advances as may be due andpayable to said mortgagee ..
<br /> gaga under the terms.and
<br /> conditions of thepromissory nate of even date herewithand secured hereby,executed by said mottgagor_S to said mortgagee.payable
<br /> as expressed in said note,and to securethe performance of all the terms and conditions contained therein.: The terms of said note are
<br /> hereby.Incorporated herein by this reference.
<br /> It is the Intention and agreemett of theparties hereto that this mortgage shall also secure any future advance, made..to said '"-'
<br /> mortgagor S_by said mortgagee.and arty 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. Thimortgage shallremain in full
<br /> - farce hereunder.deeflect ect between the parties hereto and their heirs.personal representatives. successors and assigns, until all amount* securedding 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 /> 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 /> therefrom and applythe scone to the payment of interest,irincipal,insurance premiums,taxes,assessments.repairs or improvements necee-
<br /> saryto keep said property in tenantable condition.or to other chargesorpayments provided for herein orin the note hereby secured. This
<br /> rent assignment shall continue in force until the unpaid balance of said noteis fully paid. The taking of possession hereunder shall in.no 2
<br /> manner..prevent or.retard said mortgagee in.the collection of said sums by foreclosure or otherwise.
<br /> :_ The failure of the mortgagee'to assert.any of its rights hereunder at any time shall not be construed ex a.waiver of its right to assert " ,
<br /> 2; 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 /> If acid mortgagors shall muse to be paid to said mortgagee the entire amount due it hereunder.and under the terns and provisions •
<br /> ofsaid 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-9 shall comply with all the provisions of said note and of this mortgage.then.these presents shall be void:
<br /> I
<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 />•,• : t :.option,declare thewhole of said note and all indebtedness represented thereby to be Immediately due.and payable,and may foreclose this
<br /> }4 :mortgage or lake.any other legal action to.protect its:right,and from the.date •of such default all items of Indebtedness secured hereby •.
<br /> F 3� shall draw Interest atlr per annum,:ApprLmment waived. - .
<br /> SS This mortgage-.shalllbe bindingupon.and shall.enure to the benefit of the heirs.executors.
<br /> i the respective parties herein, :adadiiahn.atasuccessors and assigns of .
<br /> TN WITNESS WHEREOF, end Mortgagor s ti^ve hereunto set_ eir t, ds_the
<br /> writtmu::.. - - thday and year first above
<br /> xH to ..-I /-,(,,1.
<br /> t
<br /> Gary r) D."Alkire, •
<br /> •. rz.—,!4 ,E i` .L.f�•4-.t c _
<br /> Paula E. Alkire
<br /> •
<br />
|