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MORTGAGE—Savings ' and . Loan Form—(Direct Credit .Plan) 255.2 (Special)
<br />..MORTGAGE
<br />• MO zAaa No. �O _
<br />14th March is' � b and between
<br />THIS INDENTURE, made this day of Y
<br />d
<br />DAVID L CHASE AND KATHY K CHASE 'husband and wife each in his and her own right and
<br />. i
<br />3 as spouse of the other --
<br />cf Hall. County, Nebraska, 'as mortgagor -.& and Home Federal Savings and Loan Association of Grandlsland,
<br />a corporation organized and existing under the laws of Nebraska with -its principal office and place of business at Grand Island; Nebiaska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor—a— for and in consideration of the sum of
<br />24 ),
<br />T[dENTY FOUR THOUSAND AND NO/100-----------------------------------nollara (5 000.00 ,
<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 />LOT FORTY EIGHT (48) ANDERSON SECOND SUBDIVISION, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<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 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 />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor_-_ hereby covenant_ with said mortgagee
<br />that ___!AieY— are at the delivery hereof, the lawful owner S^of the premises above conveyed and described, and are
<br />S
<br />ized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ___the_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 />TWENTY FOUR THOUSAND AND NO/100 --------------------------------- a] lars (S nnn nn ),
<br />with interest thereon; together with such charges and advances as may be due and. payablo 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 noto, and to secure the performance of all the forms 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 S 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 --L 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, ripon 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 />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 mortgagor S 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 the in accordance with the terms and provisions
<br />thereof, and if said mortgagor -L— 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—ham Ve . hereunto met ander_ the day and year first above
<br />written.
<br />f
<br />David L. Chase
<br />o
<br />Kathy K� Chase ''
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