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MORTGAGE—Savings • and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />MICROFi:
<br />MORTGAGE
<br />00909 Loan No
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<br />THIS INDENTURE, made this 15th day of Augugf 19_Z5_, by and between
<br />DONALD L. HADAN AND NANCY S. HADAN, husband and wife, eacli!in his and her own right
<br />-and-as spouse of the other, j !
<br />Of Hal I County, Nebraska, as mortgagor --S– and Home FederalSavings 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; j
<br />WITNESSETH: That said mortgagor_, for and in consideration of the sum of
<br />.FIFTY-NINE THOUSAND SIX HUNDRED AND NO/100----------------- =--- Dollars (s 59.600.00 ),
<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 Hai I
<br />and State of Nebraska, to -wit:
<br />E
<br />LOT SEVEN M. IN BLOCK TWO (2) IN JENKINSON SUBDIVISION,
<br />HALL'COUNTY, NEBRASKA.
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<br />9 i
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<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, whothei the samo aro now located on said property
<br />or hereafter placed thereon. I
<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 S hereby covenant with 'Said mortgagee
<br />II
<br />that --±-h,,yrP at the: delivery hereof, the lawful owners of the premises above conveyed and described, and a pe
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and,:'that hey— wily 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 thesum of
<br />FIFTY-NINE THOUSAND SIX HUNDRED AND NO/100--------- ;- - Dollars (S 59,600.00 )
<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 S 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 S by said mortgagee, and any and all indebtedness in addition to the amount iabove stated which said mortgagors, or. any
<br />of'them, may owe to said mortgagee; however ovidenced, 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 />Tho mortgagor g 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 providedfor 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.'
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<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• timer and -to insist 'vpoa.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 itIhereunder,' 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 mortgagors= shall comply with all the provisions of said noteland 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 />shgll draw Interest at 9% per annum. Appraisement waived ,
<br />This' inortgage shall be binding upon and shall enure to the benefit o heirs, execuiois, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor 5 -ha V hereunto set ander the d and year' firit above
<br />written. i
<br />nald L. AjaOl6n!';.
<br />a cy . Hadan
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