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MORTGAGE --Savings and Loan Form--(Dlrect Credit Plan) 255.2 (SPWaU .
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<br />MORTGAGE All
<br />bLoan No
<br />THIS INDENTURE, made thin
<br />1st day o, Ma 193-5— by and between
<br />EUGENE G.'ROACH AND GLORIA G. ROACH, husband and wife, each.in his and'her own right
<br />3 and as spouse of the other,
<br />Of H a I I • County, Nebraska, as mortgagor -S.— 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—S_•, for and in consideration of the sum of
<br />TWENTY-THREE THOUSAND TWO HUNDRED AND NO/100---------------------dollars ($ 23,200.00 t,
<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
<br />Hall
<br />and State of Nebraska, to -wit:
<br />LOTS FORTY-ONE (41) AND FORTY-TWO (42) AND THE SOUTHERLY SIX AND EIGHT '
<br />TENTHS (6.81).FEET OF THE WESTERLY FIFTY-SIX AND SEVEN TENTHS (56.71)
<br />FEET OF LOT FORTY (40), IN WEST LAWN, AN ADDITION.TO THE CITY OF GRAND`
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fiidures, 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 S hereby covenant— with said mortgagee
<br />that t hem• are at the delivery hereof, the lawful owner S of the premises above conveyed and described, and a re
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<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that the-L_ will - warrant and
<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
<br />TWENTY-THREE THOUSAND TWO HUNDRED•AND NO/I00--------------------- +llars ($_?3,200.00
<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
<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 trod 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 nates-
<br />nary 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-heretinder shall in no
<br />manner prevent or retard said mortgagee in the collection of said suras by foreclosure or otherwise.
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<br />The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as or, 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 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. Appraisement waived
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors, adminiatrators, successors and. assigns, of
<br />the respective parties hereto.
<br />IN WITNESS WfEHEOF, said, Mortgagor S ha �Ve hereunto set the i r hands_ the day and year first above
<br />I written. /
<br />E e ach
<br />,TemaRoach
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