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<br /> MORTGAGE—Savings and Loan Form—(Dtrsct Credit Plan) 255-2 (Special)
<br /> 76. 001376 MORTGAGE
<br /> Loan No 77
<br /> eE THIS INDENTURB,'raade this 13th rink of March 19�by and between ,
<br /> !j ,: TED MERITHEW AND MARY ELLEN MERITHEW, husband and wife, each in his and her own right
<br /> and as spouse of the other
<br /> ,' "7 of Hall ("aunty,Nebraska,as mortgagor.!... Home Federal SavingsandLoan Association of Grand Island,
<br /> i' a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand Island,Nebraska,.
<br /> +� as mortgagee;
<br /> P 5 WITNESSETH; That said mortgagor for and in consideration of the sum of
<br /> THIRTY—ONE THOUSAND ONE HUNDRED FIFTY AND NO/100 31,150.00
<br /> flollare (E
<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
<br /> Hall
<br /> Y and.State of Nebraska,to-wit:
<br /> t
<br /> LOT TWENTY (20) IN WESTERN HEIGHTS SUBDIVISION, IN HALL COUNTY, NEBRASKA
<br /> tir
<br /> I a.
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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 /> .1 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 /> j TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements.hereditaments and appurtenances thereunto belong•
<br /> tng,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor S hereby covenant_with said mortgagee
<br /> that the_ are at the delivery hereof,the lawful owner 5 of the premises above conveyed and described,and are
<br /> Pi seized of a good and indefeasible estate of inheritance therein.free and clear of all encumbrances,and that he Y will warrant and
<br /> defend the title thereto forever against the claims and demands of all persons whomsoever. `
<br /> PAOVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of r.t
<br /> THIRTY—ONE THOUSAND ONE HUNDRED FIFTY AND NO/100 i.
<br /> Dollars ($ 31,150.00 )
<br /> with interest thereon,togetherm with such charges and advances may be duo and payable to said mortgagee under the terms and
<br /> conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagors_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 /> mortgagors_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 to 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 lull with interest.
<br /> s The mortgagor-5 _hereby:assignto said mortgagee all rents and income arising at any and all times from said property and
<br /> hereby authorise 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,taxes,assessments,repairs or improvements nacos•.
<br /> wry 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 to 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.sald.sums.by foreclosure or otherwise.
<br /> l 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 /> thesame 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 /> 1.' If said mortgagor__--S shall cause to be paid to said mortgagee the entire amount due ft hereunder,and under the terms and provisions
<br /> of said note hereby secured Including future advances,and any extensions or renewals thereof In amordaace with the terms and provisions
<br /> thereof,and U said mortgagor S shall comply with all the provisions of said note and of this mortgage,than these presents shall be void(
<br /> otherwise to remainin lull force and effect,and said mortgagee shall be entitled to the possession of all of said property,and may,at its E
<br /> o- option, s
<br /> declare the whole of said note and all indebtedness represented thereby to be immediately due and payable,and may foreclose this
<br /> r, 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 X%Ipsr annum. Appralsement waived.
<br /> This mortgage shall be binding upon and shall enure to the benefit of the helrs,executors administrators,successors and assignsexecutors
<br /> L the respective parties hereto. I ',4"
<br /> IN WITNESS WHEREOF. said.Mortgagor.5 ti„ Ye hereunto set their hand_L. above
<br /> the day and year first ab
<br /> E :.i written. 1
<br /> ri�J//-,i/C -- .) ' tr (1).r '01,1 `i11 :_li til-i-Lt''-
<br /> Ted Merithew Lary EII, n Merithew Li ,
<br /> iuni,....,..,.
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