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<br /> wR MORTGAGE—Savings-.ond Loan Form—(Direct Credit Plan) 255-2 (Special) •
<br /> 7Q X0104%
<br /> MORTGAGE
<br /> loan No
<br /> .; THIS INDENTURE,Made.this 25th`. day of February 19 76 by andbetwsen..
<br /> #. , . OLIVER'H. DANIELS AND ELAINE D. DANIELS, husband and wife, each in his and her own
<br /> ' ; rightFand as spouse.of the other
<br /> dol county.Nebraska.as mortgagor--S_,and Home Federal Savings and Loan Association of Grand Island,
<br /> y 'a corporation.organised and existing under the laws of Nebraska with Its principal office and place of business at Grand Island,Nebraska,.
<br /> Itas mortgagee;
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<br /> 4. WITNESSETH: That.said mortgagor—.for and in consideration of the sum of
<br /> et "SIXTEEN THOUSAND'AND NO/100 notion (t 16,000.00 y,
<br /> $ the receipt of which is hereby acknowledged,do_by them presents mortgage and warrant unto said mortgagee, its successors and
<br />�z: assigns..forever,all the following described real estate,situated in the county of Ha I I
<br /> t'- and.State of.Nebraska,to-wit:
<br />'r`: LOT EIGHT (8) IN BLOCK ONE (I) IN BARTLINGtS SUBDIVISION LOCATED ON PART OF LOT 15 OF
<br /> s COUNTY SUBDIVISION OF THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION 16, TWP 11 N.
<br /> y 9 W AND PART OF THE NEZNEk OF SECTION 21, TWP II NORTH, RANGE 9 WEST OF THE 6TH P.M. •
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<br /> ITogether with all heating• lighting,and plumbing equipment and fixtures,including stokers and burners,screens,awnings.storm windows
<br />+, anddoors,and window shades or blinds,used on or in connection with said property,whether the same are now located on said property.-.
<br /> or hereafter placed thereon.
<br /> , TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements•hereditaments and appurtenances thereunto belong.
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<br /> ,, log,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagors hereby covenant_with said mortgagee
<br />='.,, that_
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<br /> i- - ho V are at the delivery hereof,the lawful owner S of the premises above conveyed and described,and are
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<br />,g seised of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that t heY will warrant and
<br /> 113 3 defend the title thereto forever against the claims and demands of all persons whomsoever.
<br /> PROVIDED ALWAYS, and this instrument is executed and delivered to secure the
<br /> 1=ipayment o!the sum of
<br />.P SIXTEEN THOUSAND AND NO/100 1MRars it 16,000.00 ),
<br /> yl with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br /> G; conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagors_to said mortgagee,payable
<br /> N 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 /> It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
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<br /> 1 mork1a9ors by said mortgagee,and any. and all indebtedness in addition to the amount above stated which said mortgagors...or any
<br />;r" of them.may owe to said mortgagee,however evidenced,whether by note,book account or otherwise. This mortgage shall remain in full
<br /> 2.;4, force and effect between theparties 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-a.-hereby assign_to said mortgagee allrents and income arising at any and all times from saidproperty and
<br /> i -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 thepayment of interest,principal,'- to keepsaid property res or premiums,taxes,assessments,or repairs or Improvements news-
<br /> - This
<br />�i �Y 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 /> Rt, manner prevent or retard said mortgagee In.the collection of said sums by foreclosure or otherwise.
<br /> ( 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 />�Faa. We.same,at any later time,and to insist upon and enforce strict compliance with all the terms andprovisions of said note and of this
<br /> mortgage...
<br /> If said mortgagor-J-.shall cause to be paid to said mortgagee the entire amount due It hereunder,and under 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
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<br /> ithereot,..rmd if.said mortgagor..- ._shall comply with oil the provisions of said note and of this mortgage,then these presents shall be void;
<br /> otherwise to remaininfull fora andeffect.and said mortgagee"shall be entitled to the possession of all of said property,and may.at its
<br />/',1 option,declare the whole of said note and all indebtedness represented thereby to be immediately due and payable,and may foreclose this
<br /> , - mortgage or take any other legal action to protect its right,and from the dateofsuch default all Items of indebtedness secured hereby
<br /> , shall draw interest at 9%per annu . Appralsement waived.
<br /> ... This mortgage shall be binding upon andshall-enure to the benefit of theheirs.executors.administrators.successorsand assigns of
<br /> the respective parties hereto.
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<br /> i IN WITNESS WHEREOF,said Mortgagors ho ye hereunto set the i r hrta the day and year first above
<br />;1 i written.
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<br /> Oliver H. Daniels Elaine D. Daniels
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