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MORTGAGE -Savings and LoanForm--(Direct Credit Plan). 255.2 (Special)
<br />..-MORTGAGE
<br />.Loan No
<br />28th f Ma rich I9I. by. and between
<br />THIS INDENTURE. -made thio day ° .
<br />to 'ROLAND D. HAMMER AND DEANN M. HAMMER, husband .and wife each in his and her own right
<br />V' and as souse of the other,
<br />of H a I ICounty, 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 -.9-- for and in consideration of the sum of
<br />THIRTY-FOUR THOUSAND SIX HUNDRED AND NO/ 100 ----- ---------- ------=.Ilam (s 34,600.00 )
<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 FOUR (4)1IN BLOCK FOUR (4) IN KAY -DEE SUBDIVISION, LOCATED ON
<br />PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION
<br />TWENTY-ONE (21), TOWNSHIP ELEVEN (II) NORTH, RANGE NINE:(9), WEST
<br />OF THE 6TH P.M., 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 therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the aame. Said mortgagor -L— hereby covenant— with said mortgagee
<br />that ---the V are at the delivery hereof, the lawful owners— of the premises above conveyed and described, and are
<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 />THIRTY-FOUR THOUSAND SIX HUNDRED AND N0/ 100 ---------------------Dollars (s 341600-00 ),
<br />with interest thereon, together with such charges and advances as may be duo 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 mortgagors to said mortgagee, payable
<br />as ixpressed 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 hereto 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. 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 is 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
<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 is 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 some at an later time, and ;to-inalst'"upon and enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgagor s afrall cause to Abe; pd!dlio said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby•secured,.Iricluainq_future advances, and any exrtensione or renewals thereof is 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 he void:
<br />S 1.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 ail 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. Appraiaement waived
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors. administrators, succeeaors.and assigns of
<br />the respective parties' hereto:
<br />IN WITNESS WHEREOF, ,said Mortgagor S—ham Ve be set their hand 5 the day and year first above
<br />1 written.
<br />an mmer
<br />DeAnn M. Hammer
<br />
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