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MORTGAGE-Savings and Loan Form--(Direct Credit Plan) 255.2 (Special)
<br />q n MORTGAGE
<br />V Loan No-
<br />THIS
<br />o
<br />Tffi3 INDENTURE, made this 12th day of wayis-75– by and between
<br />WESLEY L. BROOKS AND DELORES J. BROOKS, husband and wife, each in his and her own right
<br />and as spouse of the other
<br />>
<br />Of HALL County, Nebraska, as mortgagor S and Nome 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 />an mortgagee:
<br />WITNESSETH: That said mortgagor S for and in consideration of the sum of
<br />THREE THOUSAND AND NO/100---------- ____________________________ -.3 000.00
<br />+llars ($ ` r ),
<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 />S
<br />'LOT THREE (3) INt-'BLOCK TWENTY-SEVEN (27) IN RUSSEL WHEELER1,S`'ADDITION TO GRAND ISLAND;
<br />NEBRASKA:
<br />SUBJECT TO A PRIOR MORTGAGE IN THE.ORIGINAL AMOUNT OF $6,300:00, IN•FAVOR OF HOME FEDERAL
<br />SAVINGS.AND LOAN ASSOCIATION OF GRAND ISLAND RECORDED IN BOOK 137, Page 209, of the
<br />MORTGAGE RECORDS OF HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fIxtures, including stokers sand 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 belongs
<br />Ing, or in anywise appertaining, forever, and warrant the litle'to the same. Said mortgagor —�Lhereby covenant_ with said mortgagee
<br />atf
<br />that the Y are the delivery hereof, the lawful owner_5 of the premises above conveyed and described, and are
<br />j seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that t 'he_�L__ will warrant and
<br />3 defend the title thereto forever against the claims and demands of all persons whomsoever. f
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />THREE THOUSAND AND NO/100---------------------------------------flare (s 3,000.00
<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--L by said mortgagee, and any'sad 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--L 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, 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 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. j
<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._ 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, administrators, .successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S have hereunto set their Ilene] S the d and year first above
<br />I written. •. �'.. .
<br />Wesley L.. Brooks
<br />Delor s.,.J Brooks
<br />
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