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MORTGAGE—Savings, and Loan Form—(Direct Credit Plan) 255.2 (Special)
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<br />009105' MORTGAGE ' Pri1cROFI�,yc
<br />! Loan No
<br />THIS INDENTURE, made this 15th day of August 1915— by and between
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<br />CHARLES M. OLSEN AND JOYCE V. OLSEN, husband and wife, each in his end her own -right
<br />-and as spouse of the other,
<br />Of Hn I I County, Nebraska, as mortgagor --S- and Home Federal Savings and Loan Association of Grand Island, .
<br />a corporation organized and existing under the laws of Nebraska with its principaV office and place of business at Grand Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagors for and in consideration of the sum of
<br />FORTY THOUSAND AND NO/LOO ----- ----------------------------- =----'-rrllars (s 40,000.00 )
<br />the receipt of which is hereby acknowledged, do_ by these presontsmortgagee and
<br />assigns, forever, all the following described real estate, situated in the county of
<br />and Slate of Nebraska, to -wit:
<br />unto'said mortgagee,' its successors and
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<br />LOT SIX (6) IN BLOCK EIGHTEEN (18), IN CH/,ARLES.WASMER'.S ADDITION
<br />TO THE CITY OF 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, 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, her Iditaments and appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagors{; hereby ,covenant— with said mortgagee
<br />that ___ho_yL REP at the delivery hereof, the' lawful owners.._ of the premises above conveyed and described, and a pe
<br />q �L_ will -warrant and
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and ;that �he
<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 socur© the payment of the sum of
<br />FORTY THOUSAND AND NO/100----------- ----------------'-----==--- Dollars (s 40.000.00 )
<br />with interest thereon, together with such charges and advances as may be duo and pdyablo to said mortgagee under the 'terms and
<br />conditions of the promissory note of even date herewith and secured hereby, oxecuted by said mortgagor_ to said mortgagee, payable
<br />as expressed in said note, and to. secure tho 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 sha1T also secure any, future advances made to said
<br />mortgagors_ by said mortgagee, and any and all indebtedness in addition to the 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 representatives, successors and assigns, until all amounts secured
<br />hereunder. Including future advances, are paid in full with interest.
<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 default, -to take charge of'safd 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 properly in tenantable condition, or to other chargee 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 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 hot 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 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.9and 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 611 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 securt,d hereby
<br />shall draw interest at 9% per annum. •Appraisement 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 parties hereto..
<br />IN WITNESS WHEREOF, said Mortgagor S t,QVe hereunto set the i r hand 5 the day and year first above
<br />written.
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