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`✓s ,.MOATGAGE.,.Savings and Loan,Porn—(Direct Credit Plan)'2654'(Sywdal)
<br /> r!O.�D801.:, .. MORTGAGE
<br /> $t Loan.Nn
<br /> fl'''':;', THIS INDEN''m m made this / '- . Februar 76'
<br /> of' Y 1S_,by and between
<br /> " i„R..:MIDDAGH'AND ELEANOR`.G,;MIDDAG 1, husband and wife, each in his and her own
<br /> ' rIght and'as•spouse of.the other”
<br /> of Ha I I '? county,Nebraska;a.mortgage S and Home Federal Savings and Loan Association of Grand Island,
<br /> rrr��� a corporation organised and existing,under':the'laws of Nebraska'with'Its principal office and place of business at Grand Island Nebraska
<br /> i, , WITNESSETH: �Thatrsaidrmartgagor _,lox and in consideration of the sum.of
<br /> 1 ELEVEN:THOUSAND EIGHT HUNDRED AND'N0/10011,800.00 1R 11,800.00 1
<br /> ("s. ' .,/the,receipt,of which'!"hereby acknowledged,do_by thesepresentsmortgage and warrant unto said mortgagee, its successors and
<br /> ''',r., assigns.::forever,all the following described.real estate,.situated-In the county of Hal I
<br /> •
<br /> 0..d .. .e'and:State of Nebraska,to•wit:;. .. -
<br /> a3 LOT SEVEN (7) ROUSH PLEASANTVILLE TERRACE SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> If is further agreed that if the makers hereof shall sell or transfer the fee title
<br /> r, to said mortgaged-iproperty then in either of said events the entire unpaid indebtedness
<br /> -shall become-due�and payable at the option of said Association and shall draw interest '
<br /> 't : 'thereafter at'the,-'rate of eleven percent per annum until final payment, and payment
<br /> thereof maybe enforced forthwith, provided that in the event of such a sale or transfer•
<br /> .of'"the fee-title-1)o waiver of this option on the part of this Association shall be
<br /> eftectite unless in writing.
<br /> 3
<br /> t;
<br /> I. Together:with,ail'heating, lighting, and:plumbing equipment and fixhues,including'token and burners,screens,awnings,'storm windows
<br /> and doors,and-window shades or blinds.used on or in connectionwith said property,whether the sameare now located on said property
<br /> `-.or hereafter placed thereon.
<br /> <i TO'HAVE AND TO'HOLD"THE:SAME,together with all and singular the tenements,hereditaments.and appurtenances thereunto belong
<br /> tng,or in anywise appertaining,forever,andwarrant the title to the same. Said mortgagor_hereby covenant_with saidmortgagee-
<br /> that__..t. V are at the delivery hereof,the lawful owner`'_of the premises above conveyed and described,and are
<br /> seised of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and thatthu_L will warrant and
<br /> Fie i 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 /> e; ELEVEN THOUSAND EIGHT HUNDRED AND NO/100 noRars (s 11,800.00 L.
<br /> i :withinterest: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 mortgagor.....§._to said mortgagee,payable
<br /> i as expressed in said note,and to secure the performance of all the terms andconditions contained therein. .The terms of said note..are '
<br /> ,, hereby incorporated herein by this reference.
<br /> if!-:, It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> f mortgagor S_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 /> hereunder,including future advances,are paid in full with interest.
<br /> The mortgagor..—hereby asyi to said mortgagee all rents and income arising at any and all times from said property.-and
<br /> .�r; - herebyauthorise:said mortgagee or Its agent,at Its option,upon default.to take charge of said property and collect all rents and Income
<br /> u therefrom and appty-the same to the payment of Interest.principal.insurance premiums,taxes,assessments,repairs or improvements IMO..
<br /> k- ; 'nary to keep said.property in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This
<br /> rent assignmentd is sball.00ntinue In force until the unpaid balance said note fully paid...The taking of.possession hereunder..shall in no
<br /> k` manner prevent or retard said mortgagee-.In the collection of said sums by foreclosure or otherwise.
<br /> The failure id tion mortgagee to =an -of its rights hereunder at
<br /> %,";::::1 � asstrt+ T 9 any time shall not be construed mawaiver of its rlghttoasssrt
<br /> g , the same at amp laleytinie.endue insist upon and enforce strict compliance with allthe terms and provisions of said note and of this
<br /> -�, ,, mortgage. ':i
<br /> a
<br /> !'4 H said'mortgago't' `_shall cause.to be paid to said.mortgagee the entire amount due It hereunder,and under the terms and provisions.
<br /> !.,,,c,,..-5. of said note herebysecured.including future advances,and anyextensions or renewals thereof in accordance with the termsandprovisions
<br /> a,, slt.
<br /> thereot.:aad if said.mortgagor _shall complywith all the provisions of said note and of this mortgage,then these presents shall be void:
<br /> otherwise to remain in full..fore and affect,and said mortgagee shall be entitled to the possession of all of said property,and may,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 /> £! shall oc.taks t rssi any other
<br /> ot legal.action to protect its right.'and from the date of such default all items of Indebtedness secured hereby
<br /> A Appraisement waived.
<br /> tE This,mortgage shall be binding,upon and shall.'.enure to thebenefitof the heirs..executors..administrators,successors and assigns"of
<br /> 6'1,y'
<br /> the respective wallas hereto..
<br /> Y - 'IN WITNESS WHEREOF.Said.Mortgagr5 ♦o va hereunto set their lured—S the day and year first above
<br /> • f '.written.'-
<br /> I.h f
<br /> rr . I. R. Mi dagh % Eleanor G. Middagh
<br /> y'
<br /> 14'..::
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