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MORTGAGE--Scivings and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />0088.77
<br />MORTGAGE
<br />5
<br />THIS INDENTURE,'made this • 30th day of Ju 1y 19_ by and between
<br />GI LBERT R - BERMEL' AND JUDITH R 'BERMEL, husband and 4ti`fe, each in his and hPr own
<br />right -and 'as spouse of the other,
<br />of Ha I I County, Nebraska, as mortgagor— &— and Homo Federal Savings and Loan Association of Grand Island,
<br />a corporaiiori organized and. existing under the laws of Nebraska with its principal oIfico 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 />One Thousand and No/100----nollars (s ).
<br />- - - - - - - - - - - - - �------ 1000.00
<br />the' receipt of which is hereby acknowledged, dog_.by these presents mortgage and warrant unto said mortgages, its successors and
<br />assigns, forever, all the following described real slate, situated in the county of Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT FOUR (4) IN -BLOCK TEN (10) IN BOGGS AND. HILL'S ADDITION TO THE
<br />CITY -OF GRAND ISLAND, NEBRASKA.
<br />SUBJECT TO A PRIOR MORTGAGE `IN THE ORIGINAL AMOUNT OF $15;000.00, IN FAVOR OF
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND RECORDED IN BOOK 154,.
<br />PAGE 225, 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 placod'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—he y ' are at the delivery hereof; the lawful owner—a of the premises above conveyed and described, and a re
<br />seized of a good 'and indefeasible estate of inheritance theroin, free and clear of all encumbrances, and that �eY_ 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 />ONE THOUSAND'AND NO/ 100-=-----------------------
<br />--------cella=s (5 I 1 00 - nn >,
<br />with interest thereon, together with such charges and advances as may be duo and , payablo to said mortgagee under the terms and
<br />conditions of the promissory note. of even date herewith and secured hereby, executed by said mortgagor -L— to said mortgagoe, 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___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 owo 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 and all times from said property and
<br />hereby authorize said .mortgagee or its agent, at its option, upon dofault,'to take charge of said property and collect all rents and income
<br />therefrom and apply the name 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.
<br />If said mortgagorLS_ 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 />otherwise to remain in full force and effect, and said mortgages shall be entitled to the possession of all of said property, and may, at its
<br />option, declare thewhole 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 dale of such default all Items of indebtedness secured hereby
<br />shall draw Intorest•at 9% per annum. Appraisoment waived.
<br />This mortgage' shall be binding upon and shall enuro to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the rospectivo parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S__hrtVe horounto set the I r and 5 _ the day and year first above
<br />written. JJ _
<br />er er
<br />udith A.`.Bermel
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