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riY.
<br /> t> MORTGAGE-Savings,and Loan.Form—(Direct-Credit.Plan).255.2'(Special/
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<br /> 76- 000769 MORTGAGE
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<br /> // Loan No
<br /> " Tifis'irmEririntm,roads.this_- / -- February 76
<br /> �cp of 19 by and between
<br /> FRANK•C..JAREGKE AND JANET.`A. JARECKE, husband and wife, each in his andher own
<br /> 3 'rightand as,'spouse;of the other
<br /> ' • of Ha I I - - county,Nebraska,as mortgagor-L,and Home Federal Savings and Loan Association of Grand Island,
<br /> 2 a corporation:organized and existing.under the laws of Nebraska-with its principal office and place of business at Grand Island,Nebraska,
<br /> fi as mortgagee:
<br /> "' WITNESSETH: That said mortgagor S for and in consideration at the sum of
<br /> TWENTY-FIVE THOUSAND AND NO/100 flounce (E 25,000.00 ),
<br /> W the receipt of which is hereby admowledged, do by these presentsmortgageand warrant unto said mortgagee. Its successors and
<br /> Fassigns..forever,all thefollowing described real estate,situated to the county of Ha I I
<br /> • and State of Nebraska.to•wit:.
<br /> ALL OF LOT NINE (9) AND THE EASTERLY FORTY (40.0) FEET OF LOT EIGHT (8) IN GRACE
<br /> Tv''' LUTHERAN CHURCH SUBDIVISION, CITY OF GRAND ISLAND, NEBRASKA
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<br /> e ) 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 /> ;, or hereafter placed thereon.
<br /> air_; TO HAVE AND TO HOLD THE.SAME.together with all and singular the tenements,hereditaments and appurtenances thereunto belong.
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<br /> 1:' lag,or in anywise appertaining.forever,and warrant the title to the same. Said mortgagor- hereby covenant—with said mortgagee
<br /> ;• - that__L- hem are at the delivery hereof,the lawful owner_5_of the premises above conveyed and described,and are
<br /> ••• , t seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that_ he-.Y__will warrant and
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<br /> defend the title thereto forever against the claims and demands of all persons whomsoever.
<br /> K.' PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> TWENTY-FIVE THOUSAND AND N0/100
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<br /> rn" with interest thereon,together with such -Naas (S 25.000.40 1,
<br /> tog charges and advances as may be due and payable to said mortgagee under the terms.and
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<br /> r;+ 3 conditionsof the promissory note of even date herewith and secured hereby,executed by said mortgagor-S_to said mortgagee,payable
<br /> t1'.': 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 Is the intention andeement of the
<br /> agr parties hereto that this mortgage shall also secure any future advances made to said
<br /> i `" mortgagor.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 andeffect 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 /> t The orS_herebyass! mortgagee mortgag qn_to said mart a ee 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,princlpal,insurance premiums.taxes.assessments,repairs or improvements neces-
<br /> ,Iv; Bary.to keep said property in tenantable condition,or to other charges or payments provided for herein or In the note hereby secured, This
<br />.."4.• 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 /> s}r_': manner prevent or retard sold mortgagee in the collection at 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 as a waiver of its right to assert
<br /> +• the sameat soy later time,and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this
<br /> w'T mortgage• .
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<br /> If said. martgagor S
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<br /> shall caucto,be,.paid to said mortgagee the entire amount due It hereunder,and under the terms and provisionsk
<br /> t• of sold note hereby secured,including future advances,and any extensions or renewals thereof in accordance with the termsand provisions
<br /> thereof,and if sald mortgagor_S shall comply with all the provisions of said note and of this
<br /> S{i'.I mortgage,then these presentserry, shall be void:
<br /> othenviss to remaln.laoluR force.and eecb and said mortgagee shriller entitled to the possession of all of said property,and may,at its
<br /> yt ,Y option,declare the whole of said note and aR.lade its ri ht represented thereby to be immediately due and payable,and may foreclose this
<br /> mortgage or.take anyother legal action to protest its right.sad tram dre date o!such delault all items of indebtedness secured hereby
<br /> �. shall draw interest at %II per annum.-.App�emsnt waived.
<br /> Thin shall-be binding.upon and shall enure to the benefit of the heirs,executors.administrators,successors and assigns of
<br />#`•;, the:respective parser hereto.
<br /> C4,..r, IN WITNESS"WHEREOF, said.Mortgagor.:S to. yehereunto set their hand-_the day
<br /> ay and year first above
<br /> frank C. Jareckt Javet A. Jarecke
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