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<br /> MORTGAGE—Savings and Loan.Porn—(Direct Credit Plan) 255-2 (S
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<br /> ' 76,. 000787MORTGAGE
<br /> Loan No
<br /> ' THIS INDENTURE;made mi. 16th ,try of February 76
<br /> 19_ ,by and between
<br /> sf RICHARD A. ,DUBAS AND,ELIZABETH JANE DUBAS husband and wife, each in his and her own
<br /> i.'43 right and as spouse of the other
<br /> • °` Hall
<br /> i„„ of CCounty,Nebraska,.as mortgagor 8 and Home Federal Savings and Loan Association of Grand Island,
<br /> xf� a corporation organized.and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska,
<br /> {1 a,mortgagee;
<br /> i
<br /> , WITNESSETH:..That said mortgagor-1.3—for and in consideration of the sum of
<br /> -q FIFTEEN THOUSAND AND NO/100
<br /> nod/ars is 15,000.00 L
<br /> ` the receipt of which to hereby acknowledged, do_bythese presents mortgage and warrant unto said mortgagee, its successors and
<br /> 4' assigns,forever,all the following.described real estate, situated in the county of Hall
<br /> ' and State of Nebraska,to-wit:
<br /> LOT TEN '(10) IN BLOCK ONE (1) IN CAPITAL HEIGHTS THIRD SUBDIVISION
<br /> BEING A PART OF THE SOUTHWEST QUARTER (SWk) OF SECTION TWO (2)
<br /> •,t!„' TOWNSHIP ELEVEN (11) NORTH RANGE TEN (10) WEST OF THE 6TH 1'M. IN
<br /> HALL COUNTY, NEBRASKA.
<br /> Ei
<br /> '',, r Together with all heating, lighting, and plumbing equipment and fixtures,including stokers and burner.,screens,awnings,storm windows
<br /> �;.;,. and doors,and window shade.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 /> ,, TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and
<br /> appurtenances thereunto belong-
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<br /> Ina,or In anywise appertaining,forever,and warrant the title to the same. Said mortgagor-_ hereby covenant_with sold mortgagee
<br /> that the V are at the delivery hereof.the lawful owner.` of the premises above conveyed and described,and ATe
<br /> i:' seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrance.,and that t he.will warrant and
<br /> gy defend the title thereto forever against the claims and demands of all persons whomsoever.
<br /> ;2
<br /> Y`'._ PROVIDED ALWAYS, and this instrument Is executed and delivered to secure the payment of the sum of
<br /> FIFTEEN THOUSAND AND NO/100 ttollars (c 15,000.00
<br /> with Interest thereon, together with such charges and advances as maybe due and d
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<br /> payable to said mortgagee under the farms and
<br /> 1�t. conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagors to said mortgagee,payable
<br /> as expressed to said note,and to secure the performance of all the terms and conditions contained therein. The terof said note are
<br /> 6,. herebyincorporated herein by this reference.
<br />_'w It Is the Intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> mortgagors by said mortgagee,and any and alt Indebtedness inb addition to the amount above stated which said mortgagor.,or my
<br /> g3 ' of them,may owe to said mortgagee,however evidenced.whether by note,book account or otherwise. This mortgage shall remain to full
<br /> force andeffect between the parties hereto and their heirs,personal representatives. successors and assigns, until.all amounts secured..
<br />�'ihereunder,Including future advances,are paid in lull with Interest
<br /> r:.
<br /> k., The mmtgagor.s—hereby assign_to said morigor;:;,all rents and income arising at any and all times from said property and
<br /> :' hereby authorise said mortgagee or its agent at its option,con 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 />.• nary to keep said property In tenantable condition.or to other chargee or payment.provided for herein or in the note hereby secured. This
<br /> rent assignment chaff continue in force 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. 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 /> z; the same at any.later time,and to Insist upon and enforce slid compliance with all the terms and provisions of said note and of this
<br /> y. mortgage.
<br /> CFS ' :,
<br /> li If sold mortgagor_!.._shall cause to be,paid to said mortgagee the entire amount due it hereunder,and under the terms and provldona
<br /> ik of said note hereby segued,including future advances,and any extensions or renewals thereof In accordance with the terms and provisions
<br />-, thereof.and if said mortgagor_&shall comply with all the provisions of said note and of this mortgage,then these presents shalt be void;
<br /> YT. S otherwise to remalnin full force and effect.and said mortgagee shall be entitled to the possession of all of said property,and may,at its
<br /> a ” option,declare the whole d said note and all Indebtedness represented thereby!o be Immediately due and payable.and may foreclose ibis
<br /> 4- mortgage.or take.any other legalaction to protect its right and from the dos of such default all Items of indebtedness secured hereby.
<br /> shall draw Interest at 9%per annum. Appraisement waived.
<br /> y,,
<br /> ", the re mortgage shall be binding upon and shall enure to the benefit of the heirs,executor.,administrators,successors and assign,of
<br /> pt, respective parties hereto.
<br /> V, 1ff WITNF$q.WHEREOF. said Mortgagors ha vehereunto set their g
<br /> S written. hoed_the day and year first above
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