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MICROFILMED
<br />MORTGAGE—Savings and Loan Form—(DIrect Credit Plan) 255-2 (Special)
<br />00 91y0 MORTGAGE
<br />Loan No
<br />No
<br />THIS INDENTURE, made this August day of AUgUS { 1975 by and -between
<br />ROBERT W. MEYER AND POLLYANNE J. MEYER, 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 F©deral 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 S for and in consideration of the sum of
<br />TWENTY TWO THOUSAND TWO HUNDRED -AND NO/100=---------- ---------- -=--ballars (s '22,200.00 )
<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 Ha I I
<br />.:and State of Nebraska, to -wit:
<br />LOT SIX (6), IN BLOCK FIVE (5), IN CHARLES WASMER IS ADDITION
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA;
<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, 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 mortgageo
<br />that S he_�L% a rP at the delivery hereof, the lawful owners of the premises above conveyed and described, and are
<br />j seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that �ho4L will warrant and
<br />j 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 the sum of
<br />TWENTY-TWO THOUSAND TWO HUNDRED AND NO/100-------- =-------------- t,ollars (s 22,200.00 t
<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 mortgagorJi— 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 />leereby 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 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_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 provided for herein or in the note hereby secured. This
<br />rent assignment shall. continuo 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 />3 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— 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 />ioption, 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. Appraisement waived.
<br />This mortgage shall be.binding'upon and shall enure to the benefit of the heirs, executors, adrelnistrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said• Mortgagor 5 hrsVe hereunto set their and S the day and year first above
<br />written.
<br />. Meyer t /I
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