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MORTGAGE -Savings and Loan Form -(Direct Credit Plan) 255-2 (Special)
<br />MICROFILMED
<br />MORTGAGE
<br />009-016
<br />Loan No
<br />75
<br />THIS INDENTURE, made this /�� day of August IS-- by and between
<br />DONALD K:�,SALLINGER AND JANET•R. SALLINGER, as husband and -wife, each in his and her.
<br />own righC-,and as spouse of the other;
<br />of Ha11 County, Nebraska, as mortgagor.!!-, and Home. Federal Savings and Loan AssociatIon.of Grand Island,
<br />a corporation oiganizod 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 --L- for- and In consideration of the sum of
<br />----------------- ----- :1.
<br />TWENTY-SEVEN THOUSAND AND no/100� .-- ----- -- -Heifers (s `27 000.00
<br />the' receipt of which is hereby. acknowledged, do— by these presents mortgage and warrant unto said mortgages, its successors and
<br />assigns, forever,•;all the following described real.e3tato, situated in the county of Hall
<br />and State of Nebraska, to -wit:
<br />LOT ONE`(1) IN BLOCK THREE (3,), IN LE HEIGHTS SECOND SUBDIVISION, HALL COUNTY,
<br />NEBRASKA, BEING A PART OF THE' -NORTHWEST QUARTER OF..THE NORTHWEST QUARTER
<br />(NWkMA,.)-OF SECTION ELEVEN (11) TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10).WEST
<br />OF THE 6TH P.M., IN 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 -,vi shades or blinds, used on or in connection with said property, whether the name are now located on said property
<br />or hereafter piticed thoreon.
<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 name. Said mortgagor—L- hereby covenant 'with said mortgages
<br />that -t—he are at the delivery hereof, the lawful owner --L of the premises above conveyed and described, and are
<br />seized of a goofl`'and indefeasible estate of inheritance'therein, free and clear of all encumbrances, and that the�_ will warrant and
<br />defend the title': thereto forever against the claims and demands of all persons whomsoever..
<br />PROVIDED. -:ALWAYS, and this instruriient is 'executed and delivered to secure -the payment of the sum of
<br />_T14ENTY-SEVEN THOUSAND AND N0/100 - - - - - - - - --- - - - - --nollars (S 27,000.00 ),
<br />with interest theroon, 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, oxecuted by said mortgagors 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 aro
<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 -E— by said mortgagee, and any and. all indebtedness in addition to,tho amount above staled 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 romaia 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 -E--- '' hereby assign to said mortgagee all rents and income 'arising at any and all times fiom 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 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 rotard_said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The. failure of the mortgages to assert any of. its rights hereunder at any timo, shall not be construed as a waiver of its right to assert -
<br />the same at aiiy 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 />i otherwi$e 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. Appraisouient waived.
<br />This mortgago 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 -Linye hereunto set their. and S the day and year first above
<br />written.
<br />Donal '-K. Sall �i
<br />J. Sall' ge
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