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MORTGAGE--Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br /> fib- puIN$g MORTGAGE
<br /> 7t Loan Na
<br /> k 26th February
<br /> f THIS INDENTURE.made this any of Y ,1976 by and between
<br /> DARRELL.F. BROWN AND BETTE A. BROWN,husband and wife, each in his and her own right and
<br /> • as spouse of the other
<br /> of- Hall County,Nebraska,as mortgagor-1.and Home Federal Savings and Loan Association of Grand Island.
<br /> 'o- a corporation organised and existing under the laws of Nebraska with Its principal office and place of business at Grand Island,Nebraska,
<br /> 1.5 as mortgagee:
<br /> WITNESSETH: That said mortgagor—5 for and in consideration of the sum of
<br /> FIFTEEN THOUSAND AND NO/100 ifollare is 15.000,00 ),
<br /> the receipt of which Is hereby acknowledged,do,by these presents mortgage and warrant unto said mortgagee, Its successors and
<br /> assigns,forever,all the following described real estate,situated In the county of Hall
<br /> and State of Nebraska,to-wit: FRACTIONAL LOT TEN (10), IN FRACTIONAL BLOCK TWENTY-FIVE (25),IN
<br /> CHARLES WASHER'S ADDITION TO THE CITY OF GRAND ISLAND, AND IN WASHER'S ANNEX TO FIRST
<br /> $>a ADDITION, AND ITS COMPLEMENTS,FRACTIONAL LOT EIGHT (8), IN FRACTIONAL BLOCK ONE HUNDRED
<br /> THIRTY-FOUR (134), IN KOENIG AND WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND, FRACTIONAL.
<br /> LOT TEN (10), IN FRACTIONAL BLOCK TWENTY-FIVE (25), IN WIESE'S ADDITION TO THE CITY OF
<br /> GRAND ISLAND, AND PART OF FRACTIONAL LOT NINE (9), IN SAID FRACTIONAL BLOCK TWENTY-FIVE
<br /> 11 (25), IN CHARLES WASHER'S ADDITION TO THE CITY OF GRAND ISLAND, AND IN WASHER'S ANNEX
<br /> 1 TO FIRST ADDITION: AND ALSO THE EASTERLY ONE-HALF (E's) (APPROXIMATELY 26 FEET) OF THAT
<br /> FRACTIONAL PART OF LOT NINE (9) IN FRACTIONALBLOCK TWENTY-FIVE (25), OF CHARLES WASHER'S
<br /> fs ADDITION TO THE CITY OF GRAND ISLAND, WHICH WITH ITS COMPLEMENTS, VIZ: FRACTIONAL LOT
<br /> NINE (9), OF WASHER'S ANNEX, AND LOT NINE (9), IN FRACTIONAL BLOCK TWENTY-FIVE (25)
<br /> OF WIESE'S ADDITION TO THE CITY OF GRAND ISLAND, TOGETHER FORM ONE LOT 52 FEET BY 132 FEET
<br /> ALL ADDITIONS BEING TO THE CITY OF GRAND ISLAND, NEBRASKA, (SHOWING ALL FILINGS AFFECTING
<br /> `e- SAID PREMISES SINCE OCTOBER 27, 1960, AT 8 O'CLOCK A.M.)
<br /> ft
<br /> Iz
<br /> It, - S 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 />'ty
<br /> or hereafter placed thereon.
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and
<br /> og g" appurtenances thereunto belong•
<br /> lag,or in anywise apportamiag,forever,and warrant the title to the same. Said mortgagor .-.hereby covenant_with said mortgagee
<br /> • that th0Y are at the delivery hereof,the lawful ownef_of the premises above conveyed and described.and arc'
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and thatt he3'_will warrant and
<br /> defendthe 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 payment of the sum of
<br /> FIFTEEN THOUSAND AND NO/100 'Mllars it 15 ,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 /> x�! conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagors to said mortgagee,payable
<br /> rA' # as expressed in said note.and to secure the performance of all the terms and conditions contained therein. The terms of sold note are
<br /> hereby incorporated herein by this reference.
<br /> t It is the Intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br /> F� 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 /> The mortgagor....§__hereby assign_to said mortgagee all rents and income arising at any and all times from said properly 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 /> t, therefrom and apply the same to the payment of interest,principal,insurance premiums,taxes,assessments•repairs or improvements nese.
<br /> sorry to keep said property 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 /> manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> h 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 /> i the same at 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 /> If said mortgagor___S___shall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provWons
<br /> 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 mortg ,_S_shall comply with all the provisions of said note and of this mortgage,then these presents shall be void;
<br /> I otherwise to remain in fu_ r-a"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 wtd note and ailfadebtedness represented thereby to be Immediately due and payable.and may foreclose this
<br />�..'{. mortgage or lake nap other legal action to protect Its right, and from the date of such default ail Items of indebtednesssecured hereby
<br /> shall draw Interest at 9%per annum. Appraisement waived
<br /> zit This mortgage shall be binding upon and shall enure to the benefit of the holm executors,administrators,successors and assigns al
<br />&'s the respective parties hereto.
<br /> t: IN WITNESS WHEREOF, said.Mortgagor S he Ve hereunto set t heir •'liar,.) s the day and year first above
<br /> r. :L written
<br /> Darrell F. Brown.
<br /> /i
<br /> B ete A -Brown
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