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MORTGAGE—Savinas and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />00325 MORTGAGE
<br />THIS INDENTURE, made this J day a
<br />ad spousd:of the other
<br />MICROFILMED '
<br />Loan No
<br />r
<br />1j� by and between
<br />Of Ha I I County, Nebraska, as mortgagor., 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 />ELEVEN THOUSAND SIX HUNDRED FIFTY AND NO/ 100 -------------------=-Dollars (S 1 1,650 00 t:
<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 ONE HUNDRED FORTY-SIX (146) IN BUENAVISTA.SUBDIVISIQN, AN 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 plated thereon.
<br />TO HAVE AND TO HOLD THE -SAME, together with all and singular the tenemonts, hereditaments and appurtenances thereunto belong-
<br />ing, or in anywi3e appertaining, forever, and warrant the title to the same. Said moitgagor 5 hereby` covenant_ .with said mortgagee
<br />that --Jse.)4 ' R rP at 'the delivery hereof, 'the lawful owners,, of the premises above conveyed and described, and _
<br />seized of a good+and indefeasible estate of inheritance, therein, free and clear of all' encumbrances, and that hem' 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 oxecuted and delivered to secure the payment of the`sum of
<br />ELEVEN THOUSAND SIX HUNDRED FIFTY' AND NO/ 100---------=---------- Dollars (S 1_1650 DO >.
<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 mortgagor— 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 aro
<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 />mortgagors— 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 assig^ to said mortgages 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 inteiest, 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 takingof 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 mortgages 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 extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and if said mortgagor -5. -- 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 />mortgago '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. Appra£sement waived.
<br />This mortgageeshall be binding upon and shall enure to the benefit of the heiis, executors, administrators, successors and assigns of
<br />the respective paities hereto.
<br />IN WITNESS. WHEREOF, said Mortgagor S_1ra \/P hereunto met ±hA 1 r hand— the day and year first above
<br />written. /.
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<br />Lrnhree
<br />Le'I a Embree
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