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<br /> i),,., MORTGAGE—Savings and Loan Form--(Direct Credit Plan) 265.2 (Special)
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<br />(s...V. '''• 76,', 000951, MORTGAGE .
<br /> Loan No
<br /> 0,.. ' ' • 26th February 76
<br /> 1,7,,t, •rc,i.- .rms.impriultE„iads two day of • by and between• '
<br /> ek.'"• '' ' JAIYIES 11 WEBB AND JUDITH A. WEBB, husband and wife, each in his and her own right
<br /> t,`;"•;;',1 '
<br /> and as:spouse of the other
<br /> of Ha I I .
<br /> -CmatY.Nebraska.as.mortgagor ,and Home Federal Savings and Loan Association of Grand Island..
<br /> a
<br /> a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska... ......
<br /> as'mortgagee:
<br /> Tk,. •
<br /> WITNESSETH: That said mortgagor—s.for and In consideration of the sum of
<br /> .i.•:'• ' TWENTY-EIGHT THOUSAND AND NO/100
<br /> Dollars (5 28,000.00
<br /> they receipt of which is hereby acknowledged.do—by these presents mortgage and warrant unto said mortgagee, its successors and ...,
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<br /> ittfz.• assigns.,forever,all the following described real estate,situated in the county of Hs I I
<br /> •and State of Nebraska.lawn:
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<br /> LOT THIRTEEN (13) IN SASS SECOND SUBDIVISION, IN SECTION FOURTEEN ((4) TOWNSHIP
<br /> ELEVEN (II) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. IN HALL COUNTY, NEBRASKA
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<br /> 5-.„,„.•. Together with all heating, lighting, and plumbing equipment and fixtures,including stokers and burners,screens,awnings,storm windows
<br />-.e,::: 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 /> 4; or hereafter placed thereon.
<br />,D.
<br /> ttS•• TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and appurtenances thereunto belong.
<br /> 4.-%:•, log,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor..5...._hereby covenant_ _with said mortgagee
<br /> that_hi' ea_ are at the delivery hereof,the lawful owners.of the premises above conveyed and described,and are
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that—t_he_y__will warrant and
<br />/01 defend the title thereto forever against the claims and demands of all persons whomsoever.
<br /> to
<br />,- PROVIDED ALWAYS, and this Instrument is executed and delivered to secure the payment at the sum of
<br /> E 4, TWENTY-EIGHT THOUSAND AND NO/100
<br /> notices Vs 28,000.00 L
<br /> with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br /> iconditions of the promissory note of even date herewith and secured hereby,executed by said mortgagor—to said mortgagee,payable
<br /> 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 /> :i It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> 1 mortgagor_5_by said mortgagee,and any and all indebtedness in addition to the amount above stated which said mortgagors,or any
<br />-.1 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 assign—to said mortgagee 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,principal,insurance premiums,traces,assessments,repairs or improvements newe-
<br /> ; Barr'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 assignment shall continue 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 /> 4.j 0 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 />'In ' ,
<br /> If said martgagor-:-.--shall'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 />-Iv
<br /> thereof,and If said mortgagor-5„shall comply with all the provisions of said note and of this mortgage,then these presents shall be void:
<br />:',..,•, otherwise to rdeclare t emz1:14nhofluil
<br /> e off,atd not,an
<br /> arce and eileecti allrzsaid mortgagee shall be entitled to the possession of all of said property,and may.at its
<br />.....', mortgage or take any other legal action to protect its right.and frotmed tilthe'redlaTet°ofbesul:h7ledflatetlYalliteanmsd payable,and
<br /> s may
<br /> for:tcdlplateererzy
<br /> shall draw interest at 9%per annum. Appraisement waived.
<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.
<br /> -• es
<br /> ,, IN WITHERS-WHEREOF, said Mortgagor 5._hci—.Sre
<br /> .Oheutito t t ht?i r hand_S__the day and year first above
<br /> tr• written.
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<br />!•••,.-.. I fo••• .„...pot
<br /> LI_ . J1..... .I- Judith 4f/il L141 la 2/t 4,
<br /> James H. Webb A. Webb
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