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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE
<br />aLoan Na
<br />1 30thApri I 19 75 by and between
<br />1 S INDENTURE, made this daft of
<br />GERALD -E. RIESE AND SHARLENE I. RIESE, as husband and wife,• each in his and her
<br />own right and as spouse of the --other
<br />Of Hall County, Nebraska, as mortgagor 8 and Home Federal Savings and Loan Association of Grand Island, -
<br />a corporation organized and existing under the laws of Nebraska with its piincipal office and place of business at Grand Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor_.q__ for and in consideration of the aura of
<br />SIX THOUSAND EIGHT HUNDRED AND N6/100 - - - - - - - - -- Dollars (g 6,800.`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 />LOTS EIGHT (8) AND TEN (10), BLOCK SIX-(6),;COLLEGE ADDITION TO WEST LAWN, CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipmont and fixtures; 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 --L- hereby covenant— with said mortgagee
<br />that t how are at the delivery hereof, the lawful owner -2- of the premises' above conveyed and described, and are
<br />seized of a good and.indefoasiblo'estate of inheritance therein, free and clear of all encumbrances, and that -ire V 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 />SIX THOUSAND EIGHT HUNDRED AND N0/100 - - - - - - - - --- Dollars (g 6,800.00
<br />with interest thereon, 'together with such charges and advances as may be duo 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 acrid 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 -1— by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or. anyl
<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 assIg* to said mortgagee all rents and income arising at any and all'times from'said property an&.
<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 its L 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 />otherwise to remain in full force sad 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"ouch 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 S ha Ve hereunto' set their hcmcl S the day and year first 'above.
<br />written.,
<br />G R SE
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