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r MORTGAGE--Savings and Loan Form—(Direct Credit Plan).255.2 (Special)
<br /> 76= 000804 MORTGAGE
<br /> Loan No
<br /> 17th
<br /> THIS INDETITURE,'made lb,. February
<br /> .' day of 19_____.,76 by and between
<br /> WALTER'L..VARGASON:AND LINDA J. VARGASON, husband and wife, each in his and her own
<br /> 1,,r right and as spouse of the-other
<br /> 1 of Hall ("aunty,Nebraska,as mortgagor._.-.and Home Federal Savings and Loan Association of Grand Island,
<br /> , a corporationorganised and existing under the laws of Nebraska with its principal office and place ofbusiness at Grand Island,Nebraska,
<br /> + • as mortgagee:
<br /> C"4 WITNESSETH: That said mortgagor S for and inconsideration'of the sum of
<br /> ,: TWENTY FIVE THOUSAND SEVEN HUNDRED AND NO/100 Num, (a 25,700.00 )
<br /> Dthe receipt'of which is hereby acknowledged,da__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
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<br /> *" and:State of Nebraska,taw(t:
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<br /> LOT THREE (3) AND THE EAST ONE-HALF (E 1) OF LOT FOUR (4), IN BLOCK
<br /> ,t FOURTEEN (14), IN BOGGS AND HILL'S ADDITION TO THE CITY OF GRAND ISLAND,
<br /> 4 - HALL COUNTY, NEBRASKA.
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<br /> Sys f Together with. all heating, lighting,.and plumbing equipment and.fixtures,including stokers and burners,screens,awnings,storm windows
<br /> . .F 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 /> - I or hereafter placed thereon.
<br /> 1•: - TO HAVE AND.TO SOLD THE SAME,together with all and singular the tenements.hereditaments and
<br /> rt; appurtenances thereunto belong. TT
<br /> --,: lug,or In anywise appertaining.forever,and warrant the title to the same. Said mortgagor-J._-hereby covenant_with said mortgagee
<br /> that theme are at the delivery hereof,the lawful owner 5 of the premises above conveyed and described,and are
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<br /> seized of a good and Indefeasible estate of inheritance therein,free and clear of all encumbrances,and that they will warrant and
<br /> defend thetitle 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 /> TWENTY FIVE THOUSAND SEVEN HUNDRED AND NO/100 25,700.00
<br /> collars (5 ),
<br /> o-, with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br /> -f' conditions of the
<br /> promissory note of even date herewith and secured hereby,executed by said mortgagor_-S__to said mortgagee,payable
<br /> ;'r.. as expressed in said note,and to secure the performance of all the terms and conditions contained therein. The terms of said note ars
<br /> herebyincorporated 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 /> is - "mortgagor S by said mortgagee,and any and all indebtedness in addition to the amount above slated which said mortgagors,:or any
<br /> 5'- 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 amountsecured
<br /> hereunder,including future advances,are paid in full with interest.
<br /> `,. : The mortgagor_S__hereby assign_to saidmortgagee all rents and income arising at any and all times from said property and
<br /> 4? 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 /> P_Zc therefrom and apply the same to the payment of interest,principal,insurance premiums,taxes.assessments,repairs or improvements nacos.
<br /> sary to keep said property in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This
<br /> .h'i rent.assignment shall.continua.in force until the unpaid balance of said note is fully paid The taking of possession hereunder shall in no
<br /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> SThe failure of the mortgagee toassert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br /> the same at anylater time..and to insist upon and enforce strict compliance with all the terms and provisionsof said.note and of this -
<br /> St): mortgage.
<br /> (' If.said mortgagor S - ,ball'cause to be paid to said mortgagee the entire amount due It hereunder,and under the terms and provisions
<br /> of said note hereby secured including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> thereof,andii said mortgagrxs shall comply with all the provisions of said note and of this mortgage,then these presents shall be void:
<br /> i otherwise to remain In full force and effect..and said mortgages 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 /> a-..:.. mortgage or,take.any other.legal.action.to protect its sight and from the date of such default all items of Indebtedness secured hereby
<br /> _.F .. shall draw interest at 9%per annum, Appraisement waived.
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<br /> This:mortgage shall be binding upon and shall enure to the benefit of the heirs,executors.administrators.successors and assigns of
<br /> :..the respective parties hereto.
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<br /> �'WITNESS WHEREOF, said.Mortgagor h� hereunto set- their ha idi_.the day and year stet above
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