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<br /> o MORTGAGE=Savlags and Loan Form—(Direct Credit Plan).255.2 (Special)
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<br /> 76-; (1
<br /> 00`155
<br /> MORTGAGE:
<br /> Loan No
<br /> er THIS INDENTURE,-made this 25th of February 1976 by and between
<br /> , DANNY-R.,BOLTZ, a single person
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<br /> ` 01- Hd I I county,Nebraska.as mortgagor_„and Home Federal Savings and Loan Association of Grand Island
<br /> t ,a corporation organized and existing under the laws of Nebraskawithits principal office and place of business at Grand Island,Nebraska,
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<br /> as mortgagee:.
<br /> WITNESSETH: Thal said mortgagor_.._.for and in consideration of the sum of
<br /> t' THIRTEEN THOUSAND TWO HUNDRED AND NO/100 Dollars (E 13,200.00 )
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<br /> the receipt of which is hereby acknowledged,do es by these presents mortgage and warrant unto said mortgagee, its successors and
<br /> '( assigns,forever,
<br /> iall the following described real estate,situated in the county of Hal I
<br /> l;�e and State of Nebraska;to-wit:
<br />,i LOT FOUR (4), WIESE SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br /> Together with all heating, lighting,and plumbing equipment and fixtures,including stokers and burners,screens,awnings,storm windows
<br /> ; 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 /> •f or hereafter placed thereon.
<br /> V' TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and appurtenances thereunto belong.
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<br />-.g: Ina.or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor_hereby covenants with said mortgagee
<br />•ri that_he_ I S at the delivery hereof,the lawful owner_of the premises above conveyed and described,and I S
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<br /> seised of a good and Indefeasible estate of inheritance therein,free and clear of all encumbrances,and that—he_will warrant and
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever.
<br /> s PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> THIRTEEN THOUSAND TWO HUNDRED AND NO/100 n ),
<br />.14,J with with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under.ua:, (F 13,200.00 the terms and
<br />'4,',���44r ii conditips of the promissory note of even date herewith and secured hereby,executed by said mortgagor_to said mortgagee,payable
<br /> tt 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 /> thereby incorporated herein by this reference.
<br /> 4d,. It is the intention and agreementof the parties hereto that this mortgage shall also secure any future advances made to said
<br />'t - mortgagor_by said mortgagee,and any and all Indebtedness in addition to the amount above stated which said mortgagors,or any
<br /> 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 amountssecured.
<br /> r,-. hereunder.including future advances,are paid in full with interest
<br /> din The mortgagor_hereby assign_5 to said mortgagee all rents and income arising at any and all limes 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 /> r.§ therefrom and apply.the same to the payment of Interest.principal,insurance premiums,taxes,assessments,repairs or Improvements acres-
<br /> S tory to keep said property in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This
<br /> I 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 collectionof said sums by foreclosure or otherwise.
<br /> The failure of the mortgagee to assertt.aay.of its rights hereunder at any time shall not be construed as a waiver of Its right to assert
<br /> -r3 the sameat 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 /> k If said mortgagor—shall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and proHtlons
<br />,-z- of-of said note herebysecured including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
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<br /> thereof.and if said mortgages—shall comply with all the provisoes of said note and of this mortgage.then these presents shall be void:S otherwise to remain in full force and effect,and said mortgagee shall be entitled to the possession of all of said property,and may,at Its
<br /> option.declare the whole of saldnote 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 right,and from the date of such default all items of indebtedness secured hereby
<br /> shall draw interest al WI Fr annum. Appraisement waived.
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<br /> This mortgage shall be binding upon and shall enure to tits benefit of the heirs.executors..administrators,successors and assigns of
<br /> the respective parties hereto.
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<br /> `) IN :.WHEREOF,sal Mortgagor h,a .rn _hereunto set his udthe day and year first above
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