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<br />MORTGAGE—SavInge and :Loan` Form=(Direct' Credit Plan) 255.2 .(Speclal);
<br />0 MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this 31st day of March 19, 75 by and between
<br />ROBERT M. HUMISTON JR.'AND JUDY E. HUMISTON husband and wife each.in his.and her
<br />own right and as spouse of the other
<br />of Hall County, Nebraska, as mortgagor 3 and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation organized ar;d 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 --E-, for and in of the sum of
<br />.TWENTY THREE THOUSAND SIX HUNDRED AND N0/100------------------ ollars (s 23,600.00
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee, its is and
<br />assigns, forever, all :the following described real estate, situated in the county of Hall;
<br />and State of Nebraska, to -*it:
<br />A -,tract of'�land comprising a part of the SE'k of Section 27, Township 11, North, Range.
<br />10, West of the 6th'P.M., Hall County, Nebraska, and more particularly described as
<br />.follows: Beginning at the intersection of the West line of said SE'k and Northerly
<br />right of way line of the -Union Pacitic Railroad; thence running`Northerly along the -
<br />West line of said SE'k a distance of.437.96 feet; thence deflecting right 83025'20"
<br />and running Northeasterly a distance of 207.24 feet; thence deflecting right 96034'40"
<br />_and running Southerly a distance of 138.58' thence deflecting left 31 23140" and runnil
<br />Southeasterly a distance of 168.62' to a'point on said railroad right of way line;
<br />thence running Southwesterly along said railroad right of way line a distance of 343.7'
<br />to the point of beginning.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burneis, 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 tenoments, 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 they are , at the delivery hereof, the lawful owner—s 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 des 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 THREE THOUSAND SIX HUNDRED AND N0/100 ------------ -------nollars (s 23 , 600.00 _ t
<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 S 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 S 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 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 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 ilii 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 />If said 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 />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 .the he eiecutors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S ba hereunto set their hand —S the day and year first above
<br />written.
<br />eft Rumi
<br />isop Jr C, �J�
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