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<br /> MORTGAGE—Savings and Loan Form--(Direct Credit Plan) 255.2 (Spada')
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<br /> 76 MORTGAGE
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<br /> Loan No
<br /> Tins.1HDENr1TRE,=ode Iht• 17th- ,t„l,of March is 76 by and between.
<br /> JOSEPH-WEITZEL AND LUCY A. WEITZEL, husband and wife, eachin his and her own right
<br /> • and asssp'oUse of the other,
<br /> of Hal I? County,Nebraska.as mortgagors 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 /> as mortgagee;
<br /> WITNESSETH: That said mortgagor for and in consideration of the sum of
<br /> TWENTY-TWO THOUSAND AND NO/100Dollars (c 22,000.00
<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:
<br /> S
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<br /> LOT EIGHT (8) IN BLOCK FIVE (5) COUNTRY CLUB SUBDIVISION BEING
<br /> A PART OF THE EAST HALF OF THE NORTHWEST QUARTER (E1NW4) OF
<br /> SECTION TWENTY—EIGHT (28), TOWNSHIP ELEVEN (II) NORTH RANGE
<br /> NINE (9) WEST OF THE SIXTH (6th) P.M., IN HALL COUNTY, NEBRASKA.
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<br /> Together with all hooting, 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 /> ( i or hereafter placed thereon. t
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and appurtenances thereunto belong. r.
<br /> ! %s
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<br /> ing,or in anywise appertaining,forever,and warrant the title to the same. Said mortgagor._hereby covenant_with said mortgagee
<br /> that—_e y are at the delivery hereof,the lawful owner S of the premises above conveyed and described,and are
<br /> seised of a good and indefeasible estate of inheritance therein,free and clear of all encumbrances,and that__�eL will warrant and
<br /> defend the title thereto forever against the claims and demands of alt persons whomsoever. ,r-
<br /> ,.
<br /> PROVIDED ALWAYS. and this instrument is executed and delivered to secure the payment of the sum of 'zt
<br /> TWENTY—TWO THOUSAND AND NO/100 heaters (t 22,000.00 ) 'ti
<br /> with interest thereon,together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br /> conditionsof the promissory note of even date herewith and secured hereby,executed by said mortgagor--5—to said mortgagee,payable
<br /> os expressed in said note,and to secure the performance of all the terms and conditions contained therein. The terms of said note aro
<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 indebtednem 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 />,,':.j„_ hereunder,including future advances,are paid in full with interest.
<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 therefrom and apply the same to the payment of interest principal.insurance premiums,taxes,assessments,repairs or improvements neves.
<br /> nary 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 forceuntil..tis•unpaid balance of said note is fully paid. The taking of possession hereunder shall to 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 assert any of itsrights hereunder at any time shall not be construed as a waiver of its right to assert
<br /> thesome 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.If said mortgagors shall.cause to be paid to said mortgagee the entire amount due it hereunder,and under the terms and provisions _of said note hereby secured including future advances,and any extensions or renewals thereof in accordance withthe terms and provisions
<br /> thereof,and itsaid mortgagee et_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 lull force and effect,and said mortgagesshall be entitled to the possession of all of said property,and may,atits
<br /> option,declare the whole of said nae and all indebtedness represented thereby to be immediately due and payable,and may foreclose this l
<br /> mortgageortake any otherlegal action to protect its right and from the date of such default all items of indebtedness seemed hereby y,
<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 1r
<br /> the respective parties hereto. .. f,.
<br /> �- IN WITNESS WHEREOF,said Mortgagors Ve hereunto set their hand S the day and year first above
<br /> S ser ten.
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<br />_ Q ��{!/ �!.i�iir ,,,,'.r> ! .:•.r mow,
<br /> osep eltzel (� Lucy Weitzel
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