|
MORTGAGE—Savings and Loan Form -(Direct Credit Plow) 255.2 (Special) '
<br />„
<br />rol"OFIIMFf
<br />89 00
<br />U0' MORTGAGE
<br />.Loan No
<br />THIS INDENTURE, made this' 4th day' of August, j 19 %5 by and between
<br />JAMES L. MAHURIN ANDiCARLA R. MAHURIN, husband and wife, each in his 'and her own right
<br />and as spouse of the'othef-,
<br />of Hall County, Nebraska, as mortgagor_S ,'and Homo Federal (Savings and Loan Association of Grarrd 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 mo+rtgagor� 5 , for and in consideration of the sum of
<br />SIXTEEN THOUSAND AND'NO/ib0--------------------------------�---- noliars (s I6;000.00
<br />the receipt of which is hereby acknowledged, do_ by. those presents mortgage and warrant unto isaid mortgagee its ;successors and
<br />Ha
<br />assigns, forever, all the following described real estate, situated in the county of
<br />i
<br />and State of Nebraska, to wit
<br />THE EAST HALF OF' LOT 38 AND•ALL OF LOT 39, IN BUENPISTA;SUBDIVISION,
<br />.
<br />£ AN ADDITION?TO'THE CITY OF.GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating lighting and plumbing equipmont and fixtures, including stokers and burners, screens, awnings storm windows
<br />and doors, and window shades or blinds, used on or in connection withsaid property,whether the :same aro 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, here'ditaments;and`appurtenances thereunto belong.
<br />ing, or in anywise appertaining, forever,,and warrant the title to the same. Said mortgagol_i.L hereby covenant— with said mortgagee
<br />than them are at the: delivery hereof, the lawful owners of the premises above conveyed'and described, and are
<br />:.r
<br />< seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances 'and that: t he— will warrant and
<br />defend the title thereto forever against the claims and demands of all poisons whomsoevor.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of!the sum *of
<br />SIXTEEN THOUSAND AND '',NO/ -- WO 16,000'. 00
<br />----------------------------------hallazs is),
<br />with interest thereon, together with sucl� 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—a— 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 agreorrient oft 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 own, to said mortgagee,' however evidenced, whether by note, book account ori 6therwise.4 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— horoby assign to said mortgagee all rents :and income arising at any and all times from said property and
<br />hereby authorize said mortgogoe ,or its agent, at its option, upon default, -to take charge of �s'aid property and collect all rents 'and income
<br />therefrom and apply the same to the payment of intorest,.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 !i', force until the unpaid. balance of said note is fully paid: ;Tho takings of possession hereunder shall in no
<br />manner prevent or retard said mortgagee in the collection of said sums by foreclosure or. otherwiso.
<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 />i the same at any later. time, and to inaist upon and enforco strict complibnce with all the terms and', provisions, of said note' and of this
<br />mortgage.
<br />If said mortgagor -..2— shall cause to be paid to said mortgagee the entire amount due -it hereunder, and under the forms and provisions
<br />of said note hereby secured, including future advances, and any extonsions+ or renewals thereof; in accordance -with the terms:aad. 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 />S otherwise to remain in full force and offset, and said mortgages' shall by entitled to the possession of :all of 'said property, and may, at its
<br />�• option, declare the whole of said;nole and all indebtedness represent ed'thereby'to be immediately duo 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..', 111pprafsement waived. j
<br />;,This mortgage shall be binding uppn and shall enure to the benefit of the heirs, executors, administrators, succossors'and assigns of
<br />tho: respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S___haVe hereunto not their Nandi- the day and year first above
<br />written. i
<br />f
<br />4)20
<br />JaAns L. Maherin
<br />r��l� t
<br />—Cara a urin..!
<br />
|