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MORTGAGE—Savinae mid Lean Form—(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE ,
<br />Loan No
<br />S INDENTURE, made thin I st day of _ AD r i 1 1915 by and between
<br />KENNETH ' D KENDALL AND SANDRA M KFNDAI I hiv;hand and w i f ,' each 1 n e
<br />right and as spouse of the other,
<br />of Ha I I county, Nebraska; as mortgagor—%— Home Federal Savings and Loan Association of GrandIsland,
<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 mortgagors_, for and in consideration of the sum of
<br />EIGHT THOUSAND AND NO/100----------=-----------------=-==---------=Dollars (5
<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 />THE�EASTERLY FIFTY (50) FEET OF FRACTIONAL LOT TWO (2) IN BLOCK ONE
<br />HUNDRED THIRTY-EIGHT (138)•, OF.UNION PACIFIC RAILWAY COMPANY'S 2ND
<br />ADDITION TO GRAND ISLAND, -HALL COUNTY, NEBRASKA, AND ITS COMPLEMENT, I
<br />TO -WIT: FRACTIONAL LOT TWO (2), IN BLOCK THREE (3) OF RUSSEL WHEELER'S
<br />ADDITION TO GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br />.-Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, storm windows 1
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<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. ;
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<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 __t_he_C_ a CP at the delivery hereof, the lawful owners of the premises above conveyed and described, and a re
<br />j seized of a good and indefeasible estate of inheritance therein; free and clear of all encumbrances, and that _--t-he-�L_ will warrant and i
<br />j 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 ;
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<br />EIGHT THOUSAND AND NO/100------- =----- ---------------- =-------------- Dollars c�`:,Ono on ),
<br />wilh interest thereon,' togother 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' i
<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 hereto that this mortgage shall also secure any future advances made to said
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<br />mortgagors by said mortgagee, and any and all. indebtedness In addition to the amount above stated which said mortgagors, or. any 1
<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 />sary tokeepsaid 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' sums by foreclosure' or otherwise.
<br />The failure of the mortgagee to'assert'any of'ils rights hereunder at any time shall not be construed as orwaiver of its right to assert
<br />the same at any, later time, and to insist 'upon• and enfoice strict compliance with. all the to and provisions of said note and of this
<br />mortgage.
<br />If said mortgagors_ shall .cause : fo +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. advanceerand any extensions or renewals thereof In accordance with the terms and'provinfons
<br />thereof, and.if said mortgagors 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. Apprafsement 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 Mortgagor S ha_Ve hereunto set their hands the and year first above
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<br />written.
<br />e . Kendal
<br />an ra M.-Kenda
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