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MORTGAGE-Savings and Loan Form—(Dlrsct Credit Plan) 255-2 (Special)
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<br />, ti';, 76- 000'72GMORTGAGE
<br /> . Loan No
<br /> h February 76
<br /> THIS'INDSNTDRE;made this 12tday of 19_,by and between
<br /> MAXONE. STANISLAV,' a single person
<br /> cf Hall _County,Nebraska,as 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 Island Nebraska,
<br /> ' , as mortgagee:
<br /> WITNESSETH: That said mortgagor, .for andin consideration of the sum of
<br /> TWENTY FIVE THOUSAND TWO HUNDRED AND NO/100 nam (5 25,200.00
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<br /> , the receipt of which is hereby acknowledged.does by these presents mortgage and warrant unto said mortgagee, Its successors and
<br /> r<''i assigns,forever,all the following described real estate,situated in the county of Hail
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<br /> #. and State of Nebraska,to-wit:
<br /> LOT ONE (1), IN BLOCK SIXTEEN (16), IN ASHTON PLACE, AN ADDITION
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<br /> TO THE CITY OF GRAND ISLAND, NEBRASKA.
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<br /> r Together with all heating, lighting, and plumbing equipment and futures,including stokers and burner.,screens,awnlugs,storm windows
<br /> t�' +s and door,and mindow shades or hlmds,creed oa or to connection with sold property,whether the same ma now located on said property
<br /> `:' 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 /> Ing,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor—hereby covenant S with said mortgagee
<br /> that_he_ is at the delivery hereof,the lawful owner_of the premises above conveyed and described,and iS
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that--he—will warrant and..
<br /> defend the title thereto forever against the claims and demands of alt persons whomsoever.
<br /> PROVIDED ALWAYS, and this instrument ts executed and delivered to secure the payment of the sum of
<br /> TWENTY FIVE THOUSAND TWO HUNDRED AND NO/100 nae,„ g 25,200.00 )
<br /> ,,„ with interest thereon,together with ouch 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 terms and conditions contained therein. The terms of said note are
<br /> hereby incorporated herein by this reference.
<br /> It lx the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> r,,' mortgagor_by said mortgagee,and any and all Indebtedness in addition to the amount above stated which said mortgagors,or any
<br /> r' 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 /> r4;'. 1 hereunder,including future advances.are paid In full with interest
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<br /> The mortgagor_hereby assign s to said mortgagee all rents and income arising at any and all times from said property and
<br /> f` 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 apply the same to the payment of interest,principal,insurance premiums,taxes,assessments,repairs or improvements nacos.
<br /> Bary to keepsaid property in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This
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<br /> rent assignment shall continue in force until the unpaid balance of said note is fully paid The taking of possession hereunder shall in no
<br /> msmanner prevent or retard said mortgagee in the collection of said suby foreclosure or otherwise.
<br /> i - 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 /> the.same at any later tyles.and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this
<br /> ; mortgage.
<br /> H said mortgagor` shall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms andprovisions
<br /> of said note hereby secured,Including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> i +.. thereof,.and tf said mortgagor_shall comply.with all the provisions of said note and of this mortgage,then these presents shall be void:
<br /> t,,,' t otherwise to remain in full force and effect,and said mortgagee shall be entitled to the possession of all of said property,andmay.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 /> mortgageor take any other legal action to protect its right,and from the date of such default all items of indebtedness secured hereby
<br /> c`,,, shall draw tnternt a1 9%per annum. AppraWment waived
<br /> i t This mortgage shall be.binding upon and shall enure to the benefit of the heirs.executors.administrators.successors and assigns of
<br /> i the respective parties hereto.
<br /> I ,. written.WITNESS WHEREOF. said Mortgagor ha S hereunto sot his hand_the �.an ear fir re`t /M xofi'E. Stanislav, a single person
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