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MORTGAGE—Savings and Loan Farm -(Direct Credit Plan) 255-2 (Special)
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<br />-Loan No
<br />THIS INDENTURE, made thIr ' 14th day of August 19--- by and. between -
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<br />WAYNE A. WOJAHN AND PAULETTE M. WOJAHN, husband and wife, leach in his and her�own right
<br />and as spouse of the other i!
<br />of Hall County, Nebraska, as mortgagors and Home FederallSavings and Loan Association Iof Gra4..Island,
<br />a corporation organized and existing "under the laws of Nebraska with Its principal office and placelof business at Grand Island, Nebraska;
<br />as mortgagee; '
<br />WITNESSETH: That said mortgagor S for and in consideration of the sum of
<br />THIRTY ONE THOUSAND FIVE HUNDRED AND N0/100--------- - -- --Dollars (5 31,500.00.),
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee, its successgrs and
<br />assigns, forever, all the following described real estate, situated in the county of Nall
<br />and State of Nebraska,: to -wit:
<br />LOT TWELVE.(12), FREEDOM ACRES SUBD
<br />IVIS 0
<br />N, HALL; COUNTY, NEBRASKA.
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<br />F Together with all hooting, lighting, and plumbing oquipmont 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 mortgagor! 1S hereby covenant_ with. said mortgages
<br />that —theme' _ are at th`e delivery hereof, the lawful owner Sof the premises (above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance therein, free arid clear of all encumbrances, and that _grey 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 />THIRTY ONE THOUSAND FIVE HUNDRED AND N0/100--------------!'---= Dollars (S-
<br />31,500.00' r,
<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 mor tgagorS 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 agreement of the parties hereto that this mortgage shall 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 owo to said mortgagee, however evidenced, whether by note, book account ori 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 L 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 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 />rant assignment shall continue in force until the unpaid balance of said note Is fully paid j 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 .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 thin
<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 vyith the terms and provisions
<br />thereof, and if said mortgagor -.i_ shall comply with all the provisions of said note and of this mortgage, then these presents shall be void:
<br />S otherwise la remain in full force and effect, and said mortgagee shall be entitled to the pbssesslon `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 drav'interest at 9% per annum. Appraisement'valved.
<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 />written. WITNESS WHEREOF,said Mortgagors hn Vehereunto set - -their sand S the day and year first above
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<br />ayneOja n
<br />• / �• I cMl�
<br />Paulette M' Wojahn
<br />• _ � � � �. � aver, � •,
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