|
MORTGAGE—Savings and Loan Form -(Direct Credit Play 255-2 (Special)
<br />MICROFILMED
<br />03 3 MORTGAGE M%9
<br />Loan No
<br />THIS INDENTURE, made this 5th day of August 1975 by and between
<br />' EARL C. WICK AND MABEL A WICK' husband and wife each'in his and her own right and•_as,-_
<br />spouse -of the other
<br />Of Hall County, Nebraska,.as mortgagor s, 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-!!— for and in consideration of the -sum of .
<br />SIX THOUSAND AND NO/100-------- ------------------------------------ Dollars (S6,000.00 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 Hall
<br />and State of Nebraska, to -wit:
<br />,LOT•SEVEN (7) IN BLOCK ONE HUNDRED TWENTY THREE ,(123) IN UNION
<br />-'PACIFIC RAILWAY COMPANY'S SECOND ADDITION TO GRAND ISLAND, HALL
<br />z..COUNTY, NEBRASKA.
<br />...The mortgage is re—recorded because it was. improperly acknowledged.
<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—SANE, 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 mortgagors hereby covenant_ with said mortgagee
<br />that --the_'Y are at the delivery hereof, the lawful owners 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 t hey 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=----------------------------------------Dollars (S 6,000.00 t
<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—E.-- by said mortgagee, and any and all indebtedness in addition te• 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 aiising at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default,' to take chaige of said properly 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 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 tiie 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 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 mortgagors 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 ouch 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 MortgagorS_ha Ve hereunto set eir banel S the day and. year first above
<br />written. t
<br />Earl c
<br />MabellA. WJCK
<br />
|