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MORTGAGE -Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
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<br />MORTGAGE MICR09LMEo
<br />Lona No '
<br />THIS INDENTURE, made this 14thday of August 19%5 by and between
<br />STANLEY SNOW AND LILIA M. SNOW., as husband and.wife, each in his.and her..own right
<br />and as spouse of the other,
<br />of Hall County, Nebraska,_as mortgagor—, 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,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor for and in consideration of the sum of-
<br />THIRTY-FOUR
<br />fTHIRTY-FOUR THOUSAND.THREE HUNDRED AND NO/100 - - - - - - - - - - ,,,,._,34,300.00 ,
<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 Hall
<br />and State of Nebraska, to -wit:
<br />LOT FIVE (5) IN BLOCK THREE (3) IN SECOND.ADDITION TO HOLCOMB'S-HIGHWAY HOMES SUBDIVI$I(
<br />IN THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER(NEk NE k) OF SECTION T14ENTY EIGHT(28),
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST -OF THE 6TH P.M..
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including, stokers and burners, screens, awnings, storm windows
<br />and doors, and 'wjndow shades or blinds, used on or in connection with said property, whether the came 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, horeditamonts and appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the some. Said mortgagor S hereby covenant_ with said mortgagee
<br />that —t—he Y are at the delivery hereof, the lawful owner— of the premises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that � he y will warrant and
<br />defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />QQVIDED v� Yg thi m cute ani �1 v red to secure the payment of the sum of
<br />TH�iY_FOA T'UIJ D iAM 0dhRYf A D N0�1j8 - - - - - - - - - 3 ,300.00
<br />nollare (S �),
<br />with interest thereon, together with such charges and advances as may be due 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— to said mortgagee, payable
<br />as expressed in said noto,' 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 anyfuture advances made to said
<br />mortgagor S by said mortgagee, and any and all indebtedness in addition tq 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 fn 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 properly 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. 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 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.
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<br />If said mortgagor_ 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
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<br />thereof, and If said mortgagor, = 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 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. Appraisoment 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 ha'VP hereunto set their
<br />S a day and year first above
<br />written.
<br />Lilia M. Snow
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