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MORTGAGE—Savings and Loan Form -(Direct Credit Plan) 255.2 (Special)
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<br />MORTGAGE
<br />Loan No
<br />March 1935_, by and between
<br />THIS INDENTURE;26th .made this day. of
<br />GEORGE -M. SWELEY AND DOLORES P. SWELEY. husband and wife,'each in hic and hPr c)wn
<br />,
<br />right and as spouse of the other',
<br />oI 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 S for and in consideration of the sum of --
<br />TWENTY-SEVEN THOUSAND EIGHT HUNDRED AND .NO/ 100---------=-=---=----t>nllars (5-27"800.00
<br />4 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 />A TRACT .OF LAND COMPRISING A PART OF THE SOUTHEAST.'QUARTER (SE -40 OF. SECTION
<br />THREE (3), TOWNSHIP ELEVEN (11) NORTH, RANGE ELEVEN (II) WEST OF THE 6TH P.M.,.
<br />HALL COUNTY, NEBRASKA AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />BEGINNING AT THE SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER (SEµ) THENCE
<br />RUNNING NORTHERLY ALONG THE EAST LINE OF SAID SOUTHEAST QUARTER (SEµ) A DISTANCE
<br />OF THREE HUNDRED SEVENTY TWO (372.0) FEET; THENCE RUNNING WESTERLY, PARALLEL
<br />TO THE SOUTH LINE OF SAID SOUTHEAST QUARTER (SE -40' A DISTANCE OF NINE HUNDRED
<br />NINETY THREE (993.0) FEET THENCE RUNNING SOUTHERLY, PARALLEL TO THE EAST LINE
<br />OF SAID SE -4L A DISTANCE OF THREE _HUNDRED SEVENTY TWO (372.0) FEET TO A POINT
<br />ON.THE SOUTH LINE OF SAID SOUTHEAST QUARTER (SEµ); THENCE RUNNING EASTERLY
<br />ALONG THE SOUTH LINE OF SAID SOUTHEAST.QUARTER (SE -40; A DISTANCE OF NINE
<br />HUNDRED -NINETY THREE (993.0) FEET TO THE POINT OF BEGINNING.
<br />Together with allheating, 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 mortgagors— 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 arP
<br />seized of a good and indefeasible estate of inheritance therein, free :and clear of all encumbrances, and that the -L 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-SEVEN THOUSAND F i GHT HI wnWn ANn Nn./inn ----------------- =—.Dollars (f;-27 200.
<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-$-- 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 heroto 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. nay
<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 mortgagors- 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 />t nary to keep said property in tenantable condition, or to other chaiges 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 />II 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 c __ 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 map, ,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 nay 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, admiaLtratOre. successors and assigns of
<br />.the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor _1 h,+ V e hereunto set ands— the day and year first above
<br />S written. • , "
<br />M. SW I
<br />•Do I ores P. •Sweley ...
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