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<br />IF
<br />MORTGAGE��
<br />�V Loan No
<br />THIS INDENTURE, made this—" 2nd day. of AP r I I 1915, by and between
<br />HUEY LONG CO., INC.
<br />Of' Ha I 1 County, 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— for and in consideration of the sum of
<br />FIFTY-SIX THOUSAND AND NO/100--------------------=----------------]Dollars (s-56,000 nn >,
<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 Slate of Nebraska, to -wit:
<br />^t
<br />LOTS SEVEN _(7); NINE (9), AND ELEVEN (I I), IN BLOCK FIFTEEN (15) IN
<br />i
<br />COLLEGE ADDITION TO WEST LAWN IN THE CITY OF GRAND ISLAND; HALL COUNTY,
<br />NEBRASKA.
<br />$ Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and bumers, 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 —t re-- , are at the delivery hereof, the lawful owners of the premises above conveyed and described, and a pe
<br />r
<br />seized of a good and indefeasible estate of inheritance therein; free and dear of all encumbrances, and that t he—AL 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 ozecuted and delivered to secure the payment of the sum of
<br />FIFTY-SIX .THOUSAND AND NO/100 - - - - - - — - - - - - - - - - - - - - - - - - - - - - - - - Dallars (s,56,000.00
<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— 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 r
<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 piemiums, taxes, assessments, repairs or improvements neces.
<br />sary to keep said property in tenantable condition, or to other chargee 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 d 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 sold mortgagor S 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 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 morigashall he' binding upo nd shall enure to the benefit of the heirs, executors, administrators, successors and- assigns of
<br />the respective rti hereto. i
<br />IN WIOF. said Me or S h. Ve hereunto set ander_ the day and year first above
<br />S tten.. EY ONf"' C
<br />ATTEST:
<br />err orf- Ice- res,l en arY
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