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MORTGAGE—Savingsand Loan Form -(Direct Credit Plan) 255.2 (Special)
<br />00910 �f , IAlCROFINEI)
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this 8thday oL AIJgUst 19-25 by -and between
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<br />ERNEST DALE•THOMSON AND LINDA M. THOMSON, husband and wife, each in his and her own
<br />right and as spouse of'the other, '
<br />Of Hall County, Nebraska, as mortgagor ,5 "and Home 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,.
<br />as mortgagee: ,
<br />WITNESSETH: That said mortgagor 5 , for and in consideration of the sum of
<br />FIFTY-NINE THOUSAND FIVE HUNDRED AND NO/I00------- '----- ---- Tollars (S 59,500,00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto, said mortgagee, Its successors and
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<br />assigns, forever, all the following described real estate; situated in the. county of HaII
<br />and State of Nebraska, to -wit: 1 i
<br />A TRACT OF LAND COMPRISING A PART OF THE NORTHEAST QUARTER (NE -0 OF
<br />SECTION EIGHT (8), TOWNSHIP TWELVE (12) NORTH, RANGE NINE (9) WEST
<br />OF THE "6TH P.M., IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY DESCRIBED
<br />AS FOLLOWS: BEGINNING AT A POINT ON THE WESTERLYIRIGHT=OF-WAY LINE OF
<br />U.S. HIGHWAY NO. 281, SAID:POINT BEING 747.2 FEEV SOUTH AND 39.75 FEET
<br />WEST OF THE NORTHEAST CORNER OF SAID SECTION EIGHT (8);'THENCE WESTERLY
<br />PARALLEL TO THE NORTH LINE;OF,SAID SECTION EIGHT'�8), K DISTANCE OF
<br />1,166.02 FEET; ,THENCE DEFLECTING LEFT 91025;1 AND RONNING.SOUTHERLY,
<br />A DISTANCE OF 572.8 FEET: THENCE EASTERLY PARALLELTO THE NORTH LINE
<br />OF SAID SECTION EIGHT (8), A DISTANCE OF 1,3164.391FEET, fO THE WESTERLY
<br />RIGHT-OF-WAY LINE OF SAID U.S. HIGHWAY NO. 281; THENCE NORTHERLY ALONG
<br />SAID HIGHWAY RIGHT-OF-WAY LINE, A DISTANCE OF 572:8 FEEf,TO THE PLACE:`
<br />OF BEGINNING.
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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 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, heieditamenls and appurtenances thereunto belong -
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagors— hereby covenant— with said mortgages
<br />that --±ho7yL_ a rP at the delivery hereof, the lawful owners of the premises above conveyed and described,: and a rP
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumlirances, and that __the_)� will warrant and
<br />defend the title thereto forever against the claims and demands of all persons whomsoever.I
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />FIFTY-NINE THOUSAND FIVE HUNDRED AND NO/ 100-=------;-- - =, sellers (s 59,500.00 �
<br />with interest thereon, togother with such charges and advances as may be due and pay6blo to: said, mortgageo 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 />mortgagorsr _ by'said mortgagee, and any and all indebtedness in addition to lthe amounc above stated which said mortgagors, or. any
<br />of them, may owe to said mortgagee, however evidenced, whether by note; book] account br !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_ S__ 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 provide3'for hereln or in the note hereby secured. This
<br />rent assignment shall continue in' force until the unpaid balance of said note is fully paid.' I 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.I
<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 this
<br />mortgage.
<br />If said mortgagor—a' shall cause to be .paid to said mortgagee the entire amount due It hereunder, and under the terms and provisions
<br />cf said note hereby secured, including. future advances, and any extensions or renewals thereof jln accordance with the terms and provisions
<br />thereof, and If said mortgagors shall comply with all the provisions of said note and 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 actlon 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. 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 />Iho respective parties hereto.
<br />IN WITNESS •WHEREOF, .said MortgagorS_hn Ve hereunto set theirt and 5 the day and year first above
<br />written. 9 /
<br />' Erjest Da Ce' mson
<br />L lnda M Thoms n; `
<br />b r
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