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MORTGAGE—Savings and Loan" Form—(Direct Credit Plaa) 255-2 (Special)
<br />MICRORIAIED
<br />0 0 S 915 MORTGAGE
<br />Loan No
<br />THIS 'INDENTURE, made thio 6th daY of . _August; 19_5 -- by and between
<br />VICKI RCOONTS a single p6rs6ri
<br />Of Hall County, Nebraska, as mortgagor—, and Home -Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with its priiicipal office and place of business at Grand Island, Nebraska,
<br />as mortgagee: r
<br />WITNESSETH: That said mortgagor for and in consideration of the aura of
<br />17 700.00
<br />SEVENTEEN THOUSAND SEVEN HUNDRED AND NO/100----------
<br />-------------Dollars (5 ' ),
<br />the. receipt of which is hereby acknowledged, dot=s 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: f
<br />LOT NINE (9) OF ABRAHAMSON'S SUBDIVISION OFrBLOCK FORTY T140'(42)
<br />OF CHARLES WASMER'S:SECOND ADDITION TO THE'CITY OF GRAND ISLAND, NEBRASKA.-
<br />Together
<br />EBRASKA:
<br />Together with aW hoating, 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 ldcated :on said property
<br />or hereafter placed thereon.
<br />TO HAVE .AND TO HOLD THE SAME, together with all and singular the. tenements; horeditaments and appurtenances therounto belong-
<br />ing, or in anywise.appertaining, forever, and.warrant the title to the same. Said mortgagor_ hereby covenant S with said mortgagee
<br />that 9 e— ZS at the delivery hereof, the lawful owner— of the premises above conveyed and *described,, and is
<br />seized of a good: and indefeasible estate of inheritance therein, free and, clear of all :encumbrances, and that She— will warrant and
<br />defend the title theroto forever against the claims'and 'demands of all persons whomsoever. '
<br />PROVIDED ALWAYS, and this instrument is weecuted and delivered to secure the payment of the sum of
<br />SEVENTEEN THOUSAND SEVEN HUNDRED AND NO/100-------------=------Dollars (S--'17,700.00 )
<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_ to said mortgagee, payable
<br />as expressod'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 Aliall also secure any future advances made to said
<br />mortgagor_ 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— hereby assign S 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 he 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.rtght 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_ shall cause. to be paid `td 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 />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. Apprafsement.waIved.
<br />This mortgage shall be binding upon • and shall enure to the benefit of the heirs, executore, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said 'Mortgagor' —hR S hereunto not her ),on the day and year first above
<br />written.
<br />, a single p
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