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Mnarr_nnF cR.,t. —el 11,,,,, Finn-(nirnet Credit Plan) 255.2 (Special)
<br />MORTGAGEGo
<br />Loan No
<br />25th.
<br />THIS INDENTURE, made this dal, of March 19_L5 .by and between
<br />DAVID W ARENT AND JANELL M ARENT husband and wif"e, each• in his and her• nwn' rlr,h+
<br />and as spouse of the other,
<br />Of 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 />ad mortgagee:
<br />WITNESSETH: That said mortgagor S for and in consideration of the sum. of
<br />TWENTY-TWO THoUsANn THRFF HI INf)Rm ANn NO./Loo --------------
<br />cellars (5x22 znn6
<br />-------
<br />a
<br />the receipt of which Is hereby' acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its quccessors 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 NINETEEN (19) IN BLOCK SIXTEEN (16) IN'ASHTON PLACE, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />in Boo
<br />Filed for record at_------1� n'---- -
<br />Jean Fisher, Register of Deeds•
<br />-5all 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 -2— hereby covenant— with said mortgagee
<br />that theme_ are at the delivery hereof, the lawful owner -3- of the premises above conveyed and described, and _als—
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances; and that _ he_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-TWO THOUSAND THREE HUNDRED AND NO/100 ---------------------- Dollars (.s22� OCL QO 1,
<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 hereto that this mortgage shall also secure any future advances, made . to said
<br />mortgagor—a— 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 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' neves
<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 />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 cauire to be • paid . to.aald mortgagee the entire amounYdue 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 --- Ej_� shall comply with all the provisions of said note and of this mortgage, then these presents shall he void:
<br />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 theheirs. executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF; said, Mortgagor s ba -Ve hereunto set the i r hand G the day and year first above
<br />written
<br />-
<br />: awia W.!rent
<br />qanel I M. ACrent-
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