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MORTGAGE—Savings, and Loan Form -(Direct Credit Plan) 255.2 (Special)
<br />• MICROFILMED
<br />008921 MORTGAGE
<br />Loan No •
<br />�6 August
<br />THIS INDENTURE, made this day of 19 75 by and between
<br />D. DONALD VANDER HAMM AND LADONNA M. VANDER HAMM, husband and wife, each in'. hi -s'
<br />her .own -right and as spouse of the other,
<br />of • Hall County, Nebraska, as mortgagor -L. 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 Grand Island, Nebraska,
<br />as mortgagee:
<br />,'WITNESSETH: That said mortgagor S for and inconsideration of the sum of
<br />TWENTY THOUSAND THREE'
<br />HUNDRED AND NO/ 100-------------------=------ Dollars (S 20.300.00 ),
<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 Haa I
<br />and State of Nebraska, to -wit:
<br />i
<br />SOUTHERLY- TWENTY• SEVEN FEET (.271) OF LOT EIGHT (8) AND• THE
<br />NORTHERLY THIRTY NINE FEET (391) OF LOT NINE (9):ALL IN'BLOCK TWO
<br />(2) IN WEST PARK ADDITION GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />I •
<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, whother the same aro now located on said property
<br />or hereafter placed thereon.
<br />i
<br />TO HAVE AND TO HOLD THE SAME, together with' all and singular the tenements, hereditaments and appurtenances thorounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor -s -L mortgagor -s - hereby: covenant_ with said mortgagee
<br />that mho_ a rP , at the .delivery hereof, the lawful owner— of the premises above conveyed and described, and a rP
<br />seized of a good and indefeasible'- estate .of inheritance therein, free an& clear of all encumbrances, and'that _off– 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 />TWENTY THOUSAND THREE HUNDRED AND Nd/100 ------------------- ------t5„Ilars (S-2-0, 300 :00.' ,
<br />with interest thereon, togother.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 herewi(h and. secured hereby, executed by said mortgagor_`L to said mortgagee, payable
<br />as expressed in said note, and to secure the performance:,of all the torms 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 futureadvances ` made to said
<br />mortgagors 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 jolherwise. 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 chaige 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 providedJor 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 mortgagor S shall cause to be paid to said mortgagee the entire amount due Whereunder,' 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 sold mortgagor-_ shall comply with all the provisions of said note and of this lmortgage, 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 therebyto 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 secuied 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_ha V hereunto not the i r' band s the day and year first above
<br />written.
<br />D. Dona I d Vander a/mm
<br />e-
<br />puonna R. Vander Hamm
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<br />�„2.0
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