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MORTGAGE—Savings and Loan Form --(Direct Credit Plow) 255.2 (Special)
<br />---------------
<br />MORTGAGE.
<br />Loan No
<br />a THIS INDENTURE, made this 3.rd day of March 19 7 5 by and between
<br />V R JERRY W. BOWDEN AND SANDRA K. BOWDEN, husband and wife each -in-his and'hPr hwn right
<br />,
<br />and as spouse of the other,
<br />If Hal I County, 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 its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor 5 for and in consideration of the sum of
<br />EIGHTEEN THDUSANn F I rHT Hi i1 nRFn "Actin Din/inn' Dollars ( ,
<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 />LOT SIX (6), IN BLOCK EIGHTEEN (18), 1N ARNOLD AND ABBOTT'S
<br />ADDITION TO THE CITY OE`_GRAND ISLAND, NEBRASKA. l
<br />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' fn 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 />ing, or in anywise appertaining, forever, and warrant the title to the !same. Said mortgagor S hereby covenant_ with said mortgagee
<br />that t o_Y are at. the delivery hereof, the lawful owners of the premises above conveyed and described, and
<br />seized of a good and indefeasible estate of inheritance therein; free and clear of all encumbrances, and that __ho_y. 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 />EIGHTEEN THOIISAND FInHT HI wngm Awn _Nn/inn ------- _______________�Ilars (SYg ggg g
<br />with interest thereon, together with such charges and advances as may be due 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 mortgagor S 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 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 />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 owo'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 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, taxes, assessments, repairs or improvements neces-
<br />sary 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 />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 />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 S_ 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 full "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
<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
<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 MortgagorS ha VA hereunto set tie day and year first above
<br />S
<br />written., /
<br />J e r o den
<br />.•s d i -a K. Bowden
<br />011F
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