|
rr ; MMORTGAGE-Savings and Loan Form—(Direct.Credit Plan).255-2 ISpedai)
<br /> 76- 000792MORTGAGE
<br /> w
<br /> f
<br /> t . Loan No
<br /> THIS'INDENTURE;mode this 18th .4ry
<br /> t`` .of February 19_26bpand IreMeea
<br /> JEFFRY J, POWER AND'DIANNA L. POWER, husband and wife, each in his and her own right
<br /> .t 3 and as spouse of the.other
<br /> ,
<br /> #,;', of Hall county,Nebraska,as mortgagors and Homo Federal Savings and Loan Association of Grand Island,
<br /> '. a corporation organised-and existing under the laws of Nebraska with Its principal office and place of business of Grand Island,Nebraska,_.
<br /> t,,' as mortgagee:
<br /> 1''
<br /> . /
<br /> WITNESSETH: Thatsaid mortgagor_f_3.—for and in consideration of the sum of
<br /> *:` f f'
<br /> TWENTY NINE THOUSAND AND NO/100 29,000.00
<br /> f: ' Tellers (S ),
<br /> the receipt of which le hereby acknowledged, do,bythese
<br /> i1 presents mortgage and warrant-unto said mortgagee, its successor, and
<br /> fi';,; < assigns,forever,all the following described real estate,situated in the county of Hall
<br /> v and State of Nebraska,to-wit:
<br /> ri
<br /> 4j1 LOT ONE (1) ISLAND ACRES NUMBER SIX (6), A REPLAT OF LOTS NINETEEN
<br /> ir
<br /> (19), AND TWENTY (20) ISLAND ACRES, CITY OF GRAND ISLAND, HALL
<br /> far;'
<br /> COUNTY, NEBRASKA.
<br /> 41.
<br /> '
<br />/ ,
<br /> , 4;
<br /> Phi', ..
<br /> i,)
<br /> 1
<br /> r f' Together with.all.heating, lighting, and plumbing equipment and fixtures,Including Woken and burners,screens,awnings,storm windows
<br />,i,„,.--..-.
<br /> 7 t.: and doors,.and window ehades or blinds,used on or in connection with said property,whether the same are now located on said property.
<br />,tz
<br /> or hereafter placed thereon.
<br />,t,". TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditament;and appurtenances thereunto belong.
<br /> f.,`° Ing,orcin anywise appertaining,forever,and warrant the title to the same. Said mortgagors hereby covenant.with said mortgagee
<br /> that_�e Y_ are
<br /> at the delivery hereof,the lawful owner 6 of the premises above conveyed and desafbed and are
<br />?yj.. seized of a good and indefeasible estate of inheritance therein,free and dear of all enrnmbraacee,and that_ t heir_will warrant and
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />;i,± PROVIDED.ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> t TWENTY NINE THOUSAND AND NO/100
<br /> f)ouars 29,0 )
<br /> with interest thereon,together. with such charges and advances as may be due and payable to said mortgagee
<br /> the toms gee under the terand
<br />„°,''',
<br /> k conditions of.the promissory note of even dale herewith and secured hereby,executed by said mortgagor_S_.to said mortgagee.payable
<br /> p. # 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 and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> i`
<br /> kl mortgagor—2_by said mortgagee,and any and all indebtedness in addition to the amount above stated which add mortgagors,or any
<br /> of them.may owe to saidmortgagee,however evidenced.whether by note,book account or otherwise. This mortgage shall remain In full
<br /> t.;; force and effect between the parties hereto and their heirs,personal representatives, euccessors and assigns, until all amounts.secured
<br /> hereunder,including future advances,are paid in full with interest
<br /> t,
<br /> The mortgagor_A_hereby assign__to said mortgagee all rents and income arising at any and all times from said property and..
<br /> t:' 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 /> �ryefro k and apply the come to the payment of Interest,principal,Insurance premiums,tares,assessments,repairs or Improvements neoes.
<br /> cep.said property In tenantable condition,or to other charges or payments pcovlded for herein or in the note hereby scarred. This
<br /> rent assignment shall continue in force until the unpaid balance of maid note is fully paid The taking of possession hereunder shall!o no
<br /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise,
<br /> t' 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 time,and to insist upon and enforce strict compliance with all the terms and provisions of said note and of this
<br />•' mortgage.
<br />• - If said mortgagor 8 shall cause to be paid to said mortgagee the entire amount due It hereunder,and under the terms and provisions
<br /> b%<" - of said note hereby secured,including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br />, thereof,and-U said mortgagor-14_shall comply with all the provWons of said note and of this mortgage,then these presents shall be void:
<br />,. I otherwise to remainin full force and effect,..and said mortgagee shall be entitled to the possession of all of sold property,and may.at its:
<br /> I i option,declare the whole of sold note and all Indebtednees represented thereby to be Imaudlately due and payable,and may foreclose this
<br /> s' jtJ 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 /> shall draw interest at 9%per annum.-Appralsement waived.
<br /> y 3 This mortgage shall be binding upon and shall enure to the benefit of the heirs.executors.administrators,successors and assigns of
<br />';•
<br /> i - the respective parties hereto.
<br /> IN WITNESS WHEREOP,:said.Mortgagor s have_ hereunto set their h s
<br /> i written. d/ the day and year first above
<br /> I
<br /> t, / t 77rCC<ll,/
<br /> fr .
<br /> to- to 11 `/[s<S,e,v
<br /> canna L. Power
<br />
|