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MORTGAGE -Savings and Loan Form -(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE
<br />O Loan No
<br />THIS INDENTURE, made this 18th day of March 195 by and between
<br />H. ROGER DODSON AND JeNEANE K. DODSON, husband and wife, -each in his and her Own right
<br />and as spouse of the other,
<br />Of Hall County, Nebraska, as mortgagor -L-, and Home Federal Savings and Loan Association of. Grand Island,
<br />with its principal office and place of business at Grand Island, Nebraska,
<br />a corporation organized and existing under the laws of Nebraska
<br />as mortgagee;
<br />WITNESSETH: That said mortgagors—, for and in consideration of the sum of
<br />FORTY—SEVEN THOUSAND AND NO/100 ------ -----------------------------collars (S Amon Off_>,
<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 Ha I I
<br />and State of Nebiaska, to -wit:
<br />£ LOT TWO (2) IN BLOCK THREE (3) IN REPLAT OF RIVERSIDE ACRES, HALL COUNTY,
<br />NEBRASKA.
<br />Togetherwith 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 name. Said mortgagor- hereby covenant— with said mortgagee
<br />that _±-ho_y-�_ �a rA at the delivery hereof, the lawful ownerrT of the premises above conveyed and described, and are
<br />t seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that --t-ho-Y— will warrant and .
<br />defond 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 tho sum of
<br />FORTY-SEVEN THOUSAND AND NO/100---------------------- =----------- Aoliars(S 47-Onn_6n >,
<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 torms and conditions contained therein. The terms of said noto 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 tho amount above staled 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. -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 •necos.
<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.ifght '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 mortgagor 5 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 beimmediately 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, successorsand-assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor .5_ha VP .hereunto set thra i r hander the day and year first above
<br />written.
<br />oge'r D dsop
<br />/e Bane ' O son
<br />
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