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<br /> ti .f MORTGAGE-Savings and Loan'-Form—(Direct.Credit Plan) 255-2 (Special)
<br /> ..,
<br /> 74
<br /> ti;1 76- 001047 MORTGAGE
<br /> Loan No
<br /> �t 27th
<br /> February
<br /> y THISINDENT't/AE;'made this _ day of 197b by and between
<br /> �
<br /> KATHERINE E JOHNSON, a single person
<br /> s'
<br /> k.,,; of Ha I I rowdy,Nebraska,as mortgagor_,and Home Federal Savings and Loan Association of Grand Island,
<br /> a corporation organized and existing under the laws of Nebraska with lt,principal office and place of business at Grand Island,Nebraska;
<br /> 5 as mortgagee;
<br /> WITNESSETH: -Thal said mortgagor— .for and in consideration of the sum of
<br /> . TWENTY-FIVE THOUSAND SEVEN HUNDRED AND NO/100 Dollars (c 25,700.00 L
<br /> the receipt of which is hereby acknowledged, do P.S by these presents mortgage and warrant unto said mortgagee, Its successors and
<br /> -:, HaII
<br /> i., assigns,.forever,all the following described real estate,situated in the county of
<br /> f+s;' and State of Nebraska,to-wit:
<br /> THE SOUTHERLY ONE HUNDRED (S 100') FEET OF LOT EIGHT (8), BLOCK ONE (I) LAMBERT'S
<br /> AP,
<br /> SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> i
<br /> 'tis,,
<br /> i`$'s
<br /> tfi'
<br /> Together with all heating,lighting, and plumbing equipment and fixtures,Including stokers and burners,screens,awnings,storm windows
<br /> <a:f 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 /> or hereafter placed thereon.
<br /> 4%'il TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements.hereditaments and appurtenances thereunto belong.
<br /> '' log,or In anywise appertaining,forever,and warrant the title to the same. Said mortgagor_hereby covenant 5 with said mortgagee
<br /> l'k1.",,, that__She— 1 S at the delivery hereof,the lawful owner_of the premises above conveyed and described,and i S
<br /> 1(ic t seined of a good and Indefeasible estate of inheritance therein,free and clear of all encumbrances,and that_he_will warrant and
<br /> E''':4 defend the title thereto forever against the claims and demands of all persons whomsoever.
<br /> sv
<br /> ti.i. PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br /> i=j TWENTY-FIVE THOUSAND SEVEN HUNDRED AND NO/100 non. (C 25,700.00
<br /> ).
<br /> t with interest thereon together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br /> 9k.I
<br /> %W,,. conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagor_to said mortgagee,payable
<br /> F,-3,;' all expressed in saidnote,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 /> {r'�'. 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_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 fullYforce 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 5 to veld mortgagee all rents and Income arising at any and alltimes from said property and
<br /> hereby authorlue said mortgagee.or its agent,ardor,
<br /> t Its option,upon default,to lake charge of said property and collect all rent,and income Y-
<br />/y:;; therefrom and apply the same to the payment of laterest,principal insurance premiums,taxes,assessments,repairs or improvements neces-
<br /> Ya, :. eery to keep said property in tenantable condition,or to other charges or payments provided for herein or in the note hereby secured. This
<br /> V,,-:: 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 /> �. The failure of the mortgagee-to'asserl,®y;of,,its rights.hereunder at any time shall not be construed as a waiver of its right to assert
<br /> 7,2.1up
<br /> ,t the same.at any later time,and toinsist on.and enforce strict compliance with all the terms and provisions of said note and of this
<br /> Yoi: mortgage. ..
<br /> xi' I1 said mortgagor—shall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provisions
<br /> U.tr of said note hereby secured.including future advances,and any extensions or renewals thereof in accordance with the terms and provisions
<br /> thereof,and if said mortgagor,shall comply with all the provisions of said note and of this mortgage,then these presents shall be.void:..
<br /> c f otherwise to remain in full fora and effect,and said mortgagee shall be entitled to the possession of all of said property,and may,at its
<br /> p, option,declare theawhole of laid note and all Indebtedness represented thereby to be Immediately due and payable,and may foreclose this
<br /> 'i : - 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 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 /> IN.WITNESS WHEREOF, said Mortgagor ---11a—a— hereunto sether d_the day and year first above
<br /> written.
<br /> 14',x. /(/ 1 4
<br /> k y.
<br />�:. Katherine E. Johnson
<br /> a'i7 •
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