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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Spbdal)
<br />MORTGAGE
<br />�1 Loan No
<br />V THIS INDENTURE, made thin 30th day of April 19%5. by and between
<br />.WILLIAM D. HOSELTON AND VIRGIE C..HOSELTON,:as husband and wife, each in his and her
<br />3 own right and as spouse of the other
<br />Of Hall 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 />FOURTEEN THOUSAND FOUR HUNDRED AND N0/100------------------- 14,400.00
<br />Dollars ($ 1,
<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 .TWO (2). IN DALE'ROUSH,SECOND SUBDIVISION IN SECTION 14,�TOWNSHIP
<br />11 NORTH, RANGE 10 WEST OF THE SIXTH P,M.
<br />Together with all heating, lighting, and plumbing equipment and ititures,,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 properly
<br />or horeafter 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 lavrful owner--L of the premises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance theroin,'free and clear of all encumbrances, and that t hem 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 />FOURTEEN THOUSAND FOUR' HUNDRED AND N0/100 -------------- n;,llars (S ' 14,400.00 I
<br />with interest thereon, together with such charges and advances as may he' 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 agroement 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 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':opjIon, 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 />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 />i The failure of the mortgagee to assert Iany 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 otherwise to *remain3n 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 dueand 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, administrators, successors and -assigns of
<br />the respective parties hereto.
<br />IN' WITNESS WHEREOF, said Mortgagor -9-haVe, hereunto set their band s the day and year first above
<br />written /
<br />R j6vL
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