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MORTGAGE—Savings and Loan Form -(Direct Credit Plan) 255.2 (Special)
<br />009098 MORTGAGE
<br />THIS INDENTURE, made this I5th dory of A
<br />and -as spouse of the other
<br />Of - Ha I I County, Nebraska, as mortgagor S ;and Homo'' 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,
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<br />as mortgagee;
<br />WITNESSETH: That said mortgagor --L- , for and in consideration of the sum of
<br />THIRTY—SIX THOUSAND AND NO/100 --------------------- L ollars (S36 ,(LO O!]—),
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgago3 and ,warrant unto lsaid mortgagee, its .successors and
<br />assigns, forever, all the following described real estate, situated in the county of ' HaIkI
<br />and State of Nebraska, to -wit:
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<br />LOT SEVEN (7•) IN BLOCK ONE HUNDRED TWENTY=FOUR (:124)1IN'KOENIG AND, -
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<br />WIEBE'S'ADDITION TO GRAND ISLAND, HALL COUNTY., NEBRASKA'.
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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, whotherl 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, horeditaments�and appurtenances thereunto belong-
<br />ing, ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagorS_ hereby covenant— with said mortgagee
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<br />that t bo_L are at the delivery hereof, the lawful, owners of the premises above conveyed and described, 'and nra
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<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that the_)4 will warrant and
<br />defend the title thereto forever against, the claims and demands of all persons whomsoever.
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<br />PROVIDED ALWAYS,' and this instrument is executed and delivered to secure the payment of the sum of
<br />THIRTY-SIX THOUSAND AND NO/100----------------------=------!=----hotlara (s 36,000.00 )
<br />with interest thereon, together with such , charges and advances as may' be due and payable to said! mortgagee under the 'term and
<br />conditions of the promissory note of ,'even date herewith and secured hereby, executed by said mortgagor 5 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. i
<br />It is the intention and agreement of the parties hereto that this mortgage shalli also secure any; future advances made to said `
<br />mortgagor -L— by said mortgagee, and any and all indebtedness in addition to tho amount above stated 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 remain in full
<br />force and effect between the parties hereto and their heirs, personal representative's, success)is and 'assigns, until all amounts secured -
<br />hereunder, including future advances, are paid in full with interest.
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<br />The mortgagor*- 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 upon default, to lake 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,; ossessmonts, 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. Tho 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 term's 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 ' fn accordance with the terms: and provisions
<br />thereof, and If said mortgagor_ shall comply with all the .proviaions of said note and of this inortgage',. then these presents shall be void;
<br />otherwise to remain in full force and effect and acrid mortgagee shall' be entitled tolthe possession of alf of said property,and may, at its
<br />• option; declare the whole of said note and all Indebtedness represented thereby to lie 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. Appralsoment 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 parliea heieto.
<br />IN WITNESS WHEREOF,. said Mortgagor S.—ha Ve hereunto set the i r band S the day and year`first above
<br />written.
<br />and D'. Hayma
<br />rdTSY y
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