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<br /> MORTGAGE--Savings and Loan,Form-{Direct Credit.'Plan) 2552 (Special)
<br /> ,
<br /> 76- (1 f?1. t O'; MORTGAGE
<br /> is
<br /> Loan No
<br /> THIS;INDENTURE,"made this
<br /> ` �7 day of g 1976. by and between
<br /> Cyt
<br /> EARL D. WOLFE AND JUDITH A. WOLFE,
<br /> vhusband and wife, A LYLE A. FISHER AND FRANCES M.
<br /> FISHER; husband and wife, each in his and her own right and as spouse of the other
<br /> t Hall
<br /> r of unty,Nebraska.as mortgagorS and Home Federal Savings and Loan Association of Grand Island,"
<br /> I° a corporation organised and existing under the laws of Nebraska with lbclad
<br /> p pal office and place of business at Grand Island,Nebraska,
<br /> as mortgagee;
<br /> WITNESSETH: That said mortgagorA...for andin consideration of the sum of
<br /> ONE HUNDRED FIFTY.THOUSAND AND NO/100
<br /> nouam (6 150;000.00 )
<br /> y• the receipt of which is herebyadmowledged,do_by thew presents mortgage and1111=06450r11 warrant unto said mortgagee, Ito 1111=06450r11 5.," assigns,forever,aU the following described real estate,situated in the county of Hall
<br /> p and State of Nebraska,to-wit:
<br /> ti Lot One (1) Woodland First Subdivision, an Addition to the City of
<br /> f Grand Island, Hall County, Nebraska
<br /> 4,
<br /> i Together with all heating, lighting, and plumbingincludingawnings,
<br /> a 9� r nt tion fixtures, ,when and buames,re ow, ostorm property
<br /> '., andh dears,and window shades or blinds,used on or in connection with sutd property,whether the same are now located on said property.
<br /> f:,'
<br /> or hereafter placed thereon.
<br /> ri,, TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and appurtenances thereunto belong.
<br /> v tog,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor_`_hereby covenant_with said mortgagee
<br /> that:, hejL are at the delivery hereof,the lawful owner_of the premises above conveyed and described,and are
<br /> I/4 seized seized of a good and indefeasible estate of inheritance therein,free and dear 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 /> st? PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> r` ONE HUNDRED FIFTY THOUSAND AND NO/100 nollara (a 150,000.00
<br /> i- with Interest thereon,together with such charges and advances as maybe due andd
<br /> s ,. 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 5 to Bald mortgagee,payable
<br /> tall,�.: 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 /> .Fj, hereby Incorporated herein-by this reference.
<br /> t` the is intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> fl.g0, 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 amounts secured
<br /> •'' hereunder,including future advances,are paid in full with Interest.
<br /> 3t,
<br /> The.mortgagor_q_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,tones,assessments,repairs or improvements oeoes•
<br /> t real to keep sold property sal:
<br /> tenantable condition,or to other chorges or payments provided for herein or In the sole hereby secured, This
<br /> ' gement.shall continue in force mill the unpaid balance of sold nolo is fully paid. The laking of possession hereunder shall In no
<br /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise,
<br /> 11 i The failure of the.mortgages.•to•assert'�aay-of-its rights hereunder at any.time shall not be construed as a waiver of its right to assert
<br /> i ) the same at any later time,-and•to'insisi upon"and'enforce strict compliance with all the terms and provisions of said note and of this
<br /> mortgage,
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<br /> fz ii H said mortgagor shallc cease to be paid to said mortgagee the entire amount due ft hereunder,and under the terms and provisions
<br /> of said note hereby seured,including Iuhure advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> thereof,and U said mortgagor_•5 shall comply with all thepresents shall be void;
<br /> P 9provisionshallof said cote and of use,mortgage,then these
<br /> tF otherwise to remain In full forty and effect,and said mortgagee shall be entitled to the possession of.all of said property,and may,at its
<br /> ;t -option,declare the whole of said note and all lndebtsdneu represented thereby to be immediately due and payable,and may foreclose this
<br /> ) mortgage'or-take':any other legalactionto protect its right,and from the date of such default all items of indebtedness secured hereby
<br /> shall draw interest at X%IIl r annum.'.Appraisement waived,
<br /> This mortgage shall no binding upon and shall enure to the benefit of the heirs,executors,administrators,successors and assigns of
<br /> ' the respective parties hereto
<br /> rel• IN WITNESS_WHEREOF, said S hi,ve
<br /> 1Nortgagor hereunto.set their A'S the a y
<br /> 'IS
<br /> rMttea.• Icyn day and year first above
<br /> qi are D. Wolfe 'G� ��a
<br /> ffzz ��ff' ��// p� fie is er.
<br /> Jud1 A."Wo1iife "`T` 1ances risme )I) .-tit•✓
<br /> Frances M. Ftsfier
<br /> c
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