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<br /> MORTGAGE--Sayngs and Loan:Form--(Diroct Credit•Plan) 255.1 (Spedal)
<br /> ' 76- 001018 • MORTGAGE.
<br /> a Y
<br /> Loan No
<br /> '� THIS INDENTDsE,made this /O day.of February Ig76 by and between
<br /> fry ;HARRY E.'CLEGG AND'LEANN'L. CLEGG; husband and wife, each in his and her own
<br /> t • rlgh't'and as spouse of the other
<br /> ' of Ha I I% rounty,-Nebraska,..as mortgagor.-5....and-Home.Federal SavingsandLoan Association of Grand Aland,
<br /> a corporation organised and existing underthe lawsofNebraska with its principal office and place of business at Grand Island:Nebraska,.:..
<br /> ix ns mortgagee:.WITNESSETH: That That said mortgagor-...5._.forandIn consideration of the sum of
<br /> 1 EIGHTEEN THOUSAND`AND NO/100 „ware (s 18,000.00 )
<br /> the receipt of which is hereby acknowledged,do__.by these presents mortgage and warrant unto said mortgages, Its successors and`
<br /> assigns.;:forever,all the following described real estate,situated In the county of
<br /> Hall
<br /> t '-:and Stats of Nebraska,to-wit:
<br /> LOT TWO (2) IN BLOCK ONE (I) IN H. BREMERS' SUBDIVISION, BEING A RESUBDIVISION OF
<br /> •, WEST 55 FEET OF LOT THREE (3), AND ALL OF LOTS FOUR (4), FIVE (5) AND SIX (6) AND
<br /> i¢it THE EAST 16:FEET OF LOT SEVEN (7), AND THE WEST 44 FEET OF LOT EIGHT (8) AND ALL
<br /> OF LOTS NINE (9), TEN (10), ELEVEN (II) AND TWELVE (12) OF BLOCK ONE (I) OF FIRST
<br /> ., ARTISTIC HOMES ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
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<br /> ,t,, 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 blids,used on or in connection.with said property,whether the same are now located onsaidproperty
<br /> h�
<br /> F., or hereafter placed thereon, .
<br /> YTO HAVE AND TO HOLD THE SAME.together with all and singular the tenements,hereditaments and appurtenances thereunto belong.
<br /> `,4 in in anywise q or yw appertaining,forever,and warrant the title to the same. Said mortgagor_$_hereby covenant__with said mortgagee
<br /> t:` that be.Y._ are at the delivery hereof,the lawful owner_of the premises above conveyed and described,and are
<br /> ge
<br /> t1t seised.of a good and Indefeasible estate of Inheritance therein,free and clear of all encumbrances,and that t heY will-warrant and
<br /> .31 defend the title thereto forever against the claims and demands al all persons whomsoever.
<br /> tiPROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> as F IGHTFFN THOUSAND AND NO/100 Noll... it 18.000.00 ),_
<br /> with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br /> ••�i conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagor—.§..-to said mortgagee,payable
<br /> k 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 hereto by this reference..
<br /> aa, It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> t 3; mortgagor_S__.by said mortgagee,and any and all indebtedness in addition to the amount above stated which said mortgagors,or any
<br /> t :of them,may owe to said mortgagee,however evidenced,whether by note,book account or otherwise. This mortgage shall remain in full
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<br /> ,;!e, 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
<br /> The mortgagor_`' :hereby assign_to said mortgagee all rents and income arising at any and all times fromsaid propertyand
<br /> n name authorize said mortgagee or its agent,at Its option,upon default,to take charge of said property and collect all rents and income..
<br />}??e, therefrom and apply the same to.the payment of interest,principal,insurance.premiums,taxes,assessments,repairs or improvements ese
<br />&:r Bary to keep said property.in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This
<br /> 1 rent assignmentshall continue in force until the unpaid balance of said note is fully.paid. The taking of possession hereunder shall in no
<br /> d. manner prevent or retard said mortgagee in the collection of said Mums by foreclosure or otherwise.
<br /> 5 w The failure of the mortgagee to assert any of its rightshereunder at any time shall not be construed as a waiver of Its right to assert
<br /> fthe same at any later time,.and to insist upon aid enforce strict compliance with all the terms and provislons of said note and of this
<br /> mortgage.
<br /> If said.mortgagrS .shall oause.to be pald•.to said mortgagee the entire amount due it hereunder,andunder the terms and provisions
<br /> of said note herebysecured,including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> i` thereof,and it said:-mortgagor.shall comply with all the provisions of said note and of this mortgage,then these presents shall be void;
<br /> -4,4 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 /> c, option,declare thewhole of said note and all Indebtedness represented thereby to be immediately due and payable,and may foreclose this
<br /> 1,„,Y4'i mortgage or take any other legal action toprotect its right.and from the date of such default all items of indebtedness securedhereby
<br /> shall draw interest at 9r per annum. Appmlwment waived
<br /> This mortgage shall ibekbinding..upon and..hail;enureto the benefitof the heirs.executors.admlnlslralors,successor,and assign.of
<br /> ('. ' the respective partly hereto..
<br /> i7 wdttIN WITNESS.WHEREOF. said.Mortgagor c 1.e VP hereunto set tha 1 r_ hrtad_S_the day and year first above
<br /> Harr E. Cleg I�'eann L. Clegg /` �,
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