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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 2552 (Special)
<br /> 76. 000 767 MORTGAGE
<br />.,j,, Loon No
<br /> n, HIS, TINDENTURE,made this 13th day of February 1976 by and between
<br /> 3T , ELMER J. KROLL AND LaVAUN ANN KROLL, husband and wife. each In his and her nwn
<br /> .' right and as spouse of the other,
<br /> F`,•- _..of HALL County,Nebraska,as mortgagor..._.and Home Federal Savings and Loan Association of Grand Island,
<br /> ,
<br />,,:p.. a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska,
<br /> 4;"rI. as mortgagee:
<br /> i WITNESSETH: That said mortgagors,for and in consideration of the sum of
<br /> TWO THOUSAND AND NO/100 'Sfollats is 2,000.00 1,
<br /> i the receipt of which is hereby acknowledged,do—by these presents mortgage and warrant unto said mortgagee, its successors and
<br /> assigns,forever,all the following described real estate.situated in the county of Hall
<br /> ii,' and Stale of Nebraska to-wit:
<br /> 1 LOT SEVEN (71 SUBDIVISION OF BLOCK ONE (I) VINE HILL SUBDIVISION,
<br /> i AN ADDITION TO THE CITY CF GRAND ISLAND, NEBRASKA,
<br /> a—
<br /> Subject to a prior Mortgage in the original amount of $14,600.00,
<br /> in Favor of HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND
<br /> Ni' ISLAND RECORDED IN BOOK 152, PAGE, 373, OF THE Mortgage Records
<br /> :,, of Hall County, Nebraska.
<br /> , ". S 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 some are now located on said property
<br /> or hereafter placed thereon.
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenement.,hereditaments and appurtenances thereunto belong•
<br /> leg,or in anywise appertaining,forevrr,and warrant the title to the same. Said mortgagors hereby covenant—with said mortgagee
<br /> that___-!),e_y_ are at the delivery hereof,the lawful ownefi__of the premises above conveyed and described,and are
<br /> seined of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that the_` .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 payment of the sum of
<br /> TWO THOUSAND AND NO/100 ----- — Dollars ir2,000.00 i•
<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 mortgagors 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, 1fs3
<br /> It Is the Intention and agreement of the particx hereto that this mortgage shall also somas any future advances made to said ?S
<br /> mortgagor_S__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 Ieote,book account or otherwise. Thiss and assigns. tgage until alshal ll
<br /> remain
<br /> nts securedn
<br /> full
<br /> force and effect between the parties hereto and their helm,personal
<br /> P e
<br /> hereunder.including future advances,are paid in full with interest.
<br /> ? The mortgagor.-5---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 apply the same to the payment of interest,principaL insurance premiums,taxes,assessments,repairs or improvements feces-
<br /> i',.._ tars to keep said property in tenantable condition,or to other charges or payments provided
<br /> rne takingof r herein or in the
<br /> esdue hereunder shall ThisIn n
<br /> rent assignment shall continue in force until the unpaid balance of said note Is fully paid. po
<br /> d- manner prevent or retard said mortgageelri the col(ection of said stuns by foreclosure or otherwise.
<br /> y•
<br /> -
<br /> r.
<br /> } The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed os 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 /> 'i: mortgage.
<br /> ld mortgagor.2.--shall cause to be paid to said mortgagee the entire amount due ft hereunder,and under the terms and provisions
<br /> ,1i_._ N so
<br /> of said note hereby secured,including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> {b:
<br /> ..-',;3,, thereof,thereof,and U said morigagoc5—shall comply with all the provisbas of said note and of this mortgage,then thea presents shall be void:
<br /> `+ 1 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 what*of saidnote and all indebtedness represented thereby to be Immediately due and payable.and may foreclose this
<br /> 4',`• 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 /> er shall draw interest at 9%per annum, Appratsement waived.
<br /> lit. This mortgage shall be binding upon and shall enure to the benefit of the helm,executors.administrators.successors and assigns of
<br /> the respective parties hereto.
<br /> .c' s
<br /> IN WITNESS WHFZEOF,said bloc S /In Ve hereunto set their hand—the day and year first above
<br /> x:'. ,.rine - _/---.' /
<br /> ',..:A,• .-ir,..z_e _J-",--/-:) /(--1 z,,,. .,../r(..„>_},y)-..4,,,_,, -
<br /> timer ro 1 D a n Ann Krol
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