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MO$TGAGE—Savings and Loan Form—(Direct_ Ciedit Plan) 2552 (Special)
<br />MICROFILMED ..
<br />0 0 8&, J 1 MORTGAGE .
<br />Loan No
<br />75
<br />THIS INDENTURE, made thli 5th day of August 19 -' — by and between
<br />EARL C. WICK.AND MABEL A. WICK, husband and wife, each in his and her•own right and as
<br />spouse 'of the other
<br />Of Hall County, Nebraska, as mortgagor -1. and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with its prfacipal office and place of business at Grand Island, Nebraska,
<br />as mortgagee
<br />WITNESSETH: That said mortgagor—L— for. and in consideration of the sum of
<br />SIX -THOUSAND AND. NO/100----.=---=---------------------------------Dollars ($ 6,000.00 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 Nebraskdi to -wit:
<br />LOT SEVEN (7) IN BLOCK ONE HUNDRED TWENTY THREE (123) IN UNION -
<br />PACIFIC RAILWAY COMPANY'S SECOND ADDITION TO GRAND ISLAND, HALL
<br />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 theme_ are at the delivery hereof, the lawful owneiS— of the premises above conveyed and described, and are
<br />.seized of a goodand indefeasible estate of inheritance. therein, free and clear of all:.encumbrances, and that trey
<br />;- 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 AND NO/100= -------------------------- - -------Dollars .(S 6,000.00 1,
<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 saidimortgagoe, 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 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 aifsing 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 fn 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'walver 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 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. Approisement 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_hcr Ve hereunto met e'1 r —hand—L— the day and year first above
<br />written.
<br />1
<br />ar c
<br />s/vl,�L
<br />a e WICK
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