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<br /> '' MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 2552 (Special)
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<br /> 1760(1113? MORTGAGE
<br /> I .. Loan No
<br /> ,, `.. Tins INDENTURE,'made WI. 27th ,rty of February ,1976 by and between
<br /> TRUMAN D. SHORT AND MARJORIE J. SHORT, husband and wife, each in his and her own
<br /> x ; right and as spouse of the other
<br /> of Ha I I County.Nebraska,as mortgagor 5 and Home Federal Savings and Loan Association of Grand Island,
<br /> a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska,
<br /> M as mortgagee;
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<br /> ITNESSETH: That said mortgagor 5 for and in consideration of the sum of
<br /> '' . TWENTY-SIX THOUSAND FIVE HUNDRED AND NO/100 r>oliare (5 26,500.00 ),
<br /> the receipt of which is hereby acknowledged, do_by those 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:
<br /> e. LOT EIGHT (B), IN SCUDDER'S ADDITION TO DONIPHAN, HALL COUNTY, NEBRASKA
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<br /> LI; 1 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 /> ; or hereafter placed thereon.
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and appurtenances thereunto belong-
<br /> in or in anywise appertaining.forever,and warrant the title to the same. Said mortgagor-5_— covenant_with said mortgagee
<br /> 4• Y PP 9• hereby
<br /> r, that t'he_Y__ are at the delivery hereof,the lawful owner—Sol the premises above conveyed and described,and are
<br /> seized of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that they will warrant and
<br /> 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 payment of the sum of
<br /> TWENTY-SIX THOUSAND FIVE HUNDRED AND NO/100 dollars (a 26,500.00 )
<br /> f7," with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and
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<br /> 1, conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagor.to said mortgagee,payable
<br /> # 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
<br /> : mortgagor—by said mortgagee,and any and all indebtedness le 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,me paid in full with interest.
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<br /> The mortgagor--S—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,lazes,assessments,repairs or improvements nacos.
<br /> nary to keep said property in tenantable condition,or to other charges or payments provided for herein or in the note hereby sec red, 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 /> }r• manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br /> Tho failure of the mortgagee to assert any of its rights hereunder at any lime shall not be construed as a waiver of its right to assert
<br /> t 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 mortgagors—shall cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provisions
<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 mortgagor shall comply with all the provisions of said note and of this mortgage,then these presents shall be void;
<br /> S otherwise to remain in lull force 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 said note and all Indebtedness represented thereby to be immediately due and payable.and may foreclose this •• f. -.,44•i
<br /> mortgage,or take.any other legal action.to protect its right.and from the date of such default all items of indebtedness secured hereby °R}-
<br /> shall draw interest at K96 Iped. ^tr annum. Appraisement waive
<br /> This mortgage shall be binding upon and shall enure la the benefit of the heirs..executors,administrators,successors and assigns of ,w k
<br /> 1 .L the respectiveparties hereto....
<br /> IN WITNESS WHEREOF, said Mortgagor.S Ve hereunto set their written, hands the day and year first above i
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