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tunaTr•a r -r C..::....a amd Lmv Form-_(Dired Credit Plan). 255.2 (Special)
<br />.0 9
<br />' 19 I MORTGAGE M►�+i1tMFn
<br />/ Loan No
<br />-�f
<br />. THIS INDENTURE, made this day of AUpust 19_7.� by and between
<br />DAVID L. LARSON AND TERRY/LOU
<br />,/LARSON .husband and wife each in his and -her own right '
<br />3 and as spouse of the other,
<br />Of Ha I l County. Nebraska, as mortgagor -L- , 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 S for and in consideration of the aura of
<br />FORTY THOUSAND AND NO/100-----=----------------------------------collars (S 400000.00 ),
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee,. its successors and
<br />Hall
<br />assigns, forever, 'all the following, described real estate, situated in' the county! of
<br />and State of Nebraska, to -wit:
<br />i
<br />LOTS EIGHT (8) AND NINE (9), IN HAYMANtS SUBDIVISION OF THE WEST HALF OF THE
<br />NORTHWEST QUARTER (WZNWw) OF SECTION TWENTY-FIVE (25), IN TOWNSHIP
<br />.ELEVEN (II) NORTH, RANGE TEN (10) 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 window shades or blinds, used on or in connection with said property, whether the samo are now located on said property
<br />or hereafter placed thereon. I
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, horeditaments and appurtenances thereunto belong -
<br />Ing, or in anywise appertaining, forever, and .warrant the title to the . same. Said mortgagor 5 hereby covenant_ with said mortgagee
<br />that t he_y are at the delivery hereof, the lawful owners_ of the premises above conveyed and described, and :4 re
<br />{
<br />S seized. of a good and indefeasible estate of inheritance therein, free and clear of all r6ncumbrances, and that die-_ will warrant and
<br />� defendthe title thereto forever against the claims and demands of all porsonsi whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />FORTY THOUSAND AND NO/100----------------------------------------Dollars (5 407000.00 ),
<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 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 />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 continue in force until- the unpaid balance of said note is fully paid. The. laking 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 ali . 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 ff.aaid mortgagor5. shall comply with all the provisions of said note and of this mortgage, then these presents shall be void:.
<br />S otherwise to remain in full force and elf oct, 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 dale 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 />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor' —ha Ve hereunto set the I r t+and�_ the day and year first above
<br />i written. . ' .. r -A [ !'
<br />Da'd L' Larso
<br />Terry L Lars&n
<br />_-r 17( J
<br />1
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