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MORTGAGE -Savings. 'and Loan Form -(Direct Credit Plow 255.2' (Spedai)
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<br />I� MORTGAGE
<br />Loazt No
<br />THIS INDENTURE, made this 8th dal, of May 19.%5 by and between
<br />DALE L. KROTZ AND SUSAN K. KROTZ, husband and wife each in his and her own right and _
<br />as spouse of the other
<br />HALL County, Nebraska, as mortgagor S
<br />Of 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 Granit Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor -.L, for and in consideration of the sum of
<br />TWO THOUSAND AND NO/100---------------------------------- =-------- Dollars (5 2,000.00 ),
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warranty unto said mortgagee, its successors and
<br />assigns, forever, all the following described zeal estate, situated in the county of HALL
<br />and State of Nebraska, to -wit:.
<br />'LOT THREE (3) IN BLOCK ELEVEN. (11) CHARLES WASMERIS ADDITION TO.THE TOWN,.
<br />NOW CITY OF GRAND ISLAND, NEBRASKA.,
<br />SUBJECT TO A. PRIOR MORTGAGE IN THE ORIGINAL AMOUNT OF'$13;700.00,
<br />IN FAVOR OF HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND I.SLAND
<br />RECORDED IN BOOK 158, Page 493, OF THE MORTGAGE RECORDS OF HALL COUNTY, NEBRASKA.
<br />$ Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, storm windows
<br />? 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 mortgagors_ hereby covenant_ with said mortgagee •
<br />that �e� are at the delivery hereof, the lawful own of the premises above, conveyed and described, and;
<br />.t �
<br />seized of a good and indefeasible estate, of inheritance therein, free and clear of all encumbrances, and that --L—h§( will warrant and
<br />defend the title thereto forever against the claims' and demands of all persons whomsoever.
<br />TW�RwE ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />IdU1 AND AND NO/100------- ---------------------------- -----2,000.00
<br />Dollars (S
<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 -1— 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 />therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes,dassessments, repairs or.'improyementa 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 rights hereunder at any time shall not be construed as a waiver of its right to assert
<br />3 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 5 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 Ila.' 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 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,.AeclareAhe 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 actionto 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 Mortgagors—he Ve hereunto not their hander the day and year first above
<br />' written.
<br />Dale L. Kr
<br />o
<br />Susan K. Kro z
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