|
r
<br />MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />MICR0F1UJE1l
<br />QG922�' MORTGAGE
<br />`
<br />Loan
<br />C% No
<br />THIS INDENTURE, made this / day of AU g U S t 19 L by and between
<br />SANFORD E GLOVER AND EVELYN GLOVER, husband and wifP;'Pach in his and hPr nwn rrinh+
<br />3 and as spouse of the other,
<br />of Ha I I County, Nebraska, as mortgagor -a-, 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 sum of
<br />SIX THOUSAND AND NO/I00-------------------------------------------cellars (S 62 00 l_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 />,
<br />CENTER ONE THIRD OF LOTS SIX (6) AND SEVEN (7) IN BLOCK FOURTEEN (14)
<br />OF SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, COMPRISING THE NORTHERLY FORTY FOUR (,44.0) FEET OF THE
<br />SOUTHERLY EIGHTY EIGHT (88.0) FEET OF LOTS SIX (6) AND SEVEN (7) BLOCK
<br />FOURTEEN (14), SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />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 properly, 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 anywiseappertaining, forever, and warrant the title to the same. Said mortgagors— hereby covenant_ with said mortgagee
<br />that io aro at the delivery hereof, the lawful owners_ of the premises above conveyed and described; ands re
<br />r
<br />seized•of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that __t_hoX._ will warrant and
<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 secure the payment of the sum of
<br />SIX THOUSAND.:AND NO/100------------------------------------------ 6 000.00
<br />Honore (s ' ),
<br />with interest thereon, together with such charges and advances as may be due and _ payablo to said mortgagee under the terms and
<br />conditions of the promissory note . of even date herewith and secured hereby, executed by said mortgagors- to said mortgagee, payable
<br />> as expressed in said note, and to secure the performance of all the terms and conditions contained therein. The termd 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 lq said
<br />mortgagor 55 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 authorizesaid 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 premiumaj .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 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.'
<br />If said mortgagors—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 extensiow or renewals thereof in accordance with the terms and provisions
<br />thereof, and if said moitgagorlr 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 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. Appraisement waived.
<br />This mortgage shall be - binding upon and shall enure to the benefit of the heirs, executors, admi kletratora, successors and assigns of
<br />the respective. parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor Serraye hereunto set the i r hands`_ the day and year first above
<br />i written. 77
<br />I�
<br />'4
<br />Sa ordlE . Glover
<br />�/-
<br />yn ov
<br />3 s,
<br />
|