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MOATGAGE�avings and Loan Form-4Direct Ct Plop) 255.2 (SPedaredil) '
<br />MORTGAGE
<br />' ,Loan No
<br />�,TiiI31NDENTUAE,'made .22nd of _ Apri I .1975 byandbetween
<br />ormer }� Jane K i'Js 1 nger,
<br />JANET K. JOLKOWSKI,AND GERALD J. JOLK WSKI wife and husband each in her and his
<br />3 own right and as spouse of the other.
<br />Of Ha I I - county, Nebraska; as mortgagor -L. 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 mortgagors—, for. and in consideration of the sum of
<br />ONE THOUSAND THREE HUNDRED FIFTY AND NO/100-------- ----------------nollars (s 1,350.00 ),
<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 SIX (6) IN BLOCK FOUR (4) IN GILBERT'S ADDITION TO THE CITY
<br />OF GRAND ISLAND, NEBRASKA.
<br />SUBJECT TO A PRIOR MORTGAGE IN THE ORIGINAL AMOUNT OF $14,500:00, IN FAVOR
<br />OF HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND LSLAND RECORDED IN
<br />BOOK 154, PAGE 13, OF THE -MORTGAGE RECORDS OF HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, storm windows
<br />S 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 the V are at the delivery hereof, the lawful owners of the premises above conveyed and described, and are
<br />r e�L— will warrant and _
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that
<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 />ONE THOUSAND THREE HUNDRED FIFTY AND NO/ 100----------------------nollars (S I 350.00
<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 -S— to said mortgagee, payable
<br />of all the terms and conditions 'contained therein. The terms of said note are
<br />as expressed in said note, and to secure the performance
<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 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 />t of interest, principal, insurance premiums, assessments, repairs or improvements neves-
<br />therefrom and apply the, same to the paymen
<br />they to keep said property fe tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent ass[gnment shall continue in force until the unpaid balance of said note is fully paid. The taking of posaesatoa 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 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
<br />rce and effect,
<br />otherwise to remain in .full fofect, and said mortgagee shall be entitled to the possession of all of said property, .and may, at its
<br />all indebtedness represented thereby to be immediately due and payable, and may foreclose this
<br />option, declare the whole of said note and
<br />mortgage or take .nay 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 helm, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WEMREOF, said Mortgagor s ha• Ve hereunto set the t r band S the day and year first above
<br />s written.
<br />O. KowSK,
<br />erald J. J kowski
<br />
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