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MORTGAGE -Savings, and Loan Form -(Direct Credit Plan) 255-2 (Special)
<br />C C ° 5MORTGAGE
<br />THIS INDENTURE, made this day oL,
<br />I
<br />WILLIAM C. ALBERTS.AND-SALLIE S. ALBERTS.,' husband
<br />rigbt and as spouse of'the other,
<br />fe, each in
<br />No '
<br />1915 'by and between
<br />'s and`her-own
<br />of Ha I I County, Nebraska, as mortgailor.S, and Home Federal •Savings and Loan.Association of.Giand 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 />(;FVF�ITPPN1 THOUSAND SIX'HUNDREM AND NO,/ 100 f
<br />---------------- `---= -wars
<br />the recofpt of which is hereby acknowledged, do— by those p:esonts mortgage and warrant unto: said mortgagee, its: successors and
<br />assigns, forever, all the -following described real estate, situated fit the county of Ha I' I
<br />and Slate of Nebraska, to -wit:
<br />SOUTHERLY ONE; HUNDRED FEET (S- 100') OF LOT -SEVEN (7) IN BLOCK ONE
<br />(1) IN LAMBERT'•S SECOND ADDITION TO THE CITY OF GRAND '(SLAND, HALL.
<br />COUNTY, NEBRASKA.
<br />Together with all heating, lighting; and plumbing equipmont and fixtures, including stokers and burners, screens, awnings','slorm•windows
<br />and doors, and window shades or blinds, used on or in connections with said property, whether the, same 'aro now located on' said properly
<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 thu dame. Said mortgagor S hereby covenant_ with, said mortgagee
<br />that --t-ho—y— a re , at the delivery heroof, the lawfulo�Hrsers • of the premises above conveyed: and described,'and ' are
<br />seized of a good and indefeasible estate of inheritance therein; frec� and clear of all encumbrances, and that t h._) _ wfll 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 />SEVENTEEN THOUSAND SIX 'HUNDRED AND NO/I00-C---------------------- -6+Ilars (s-- 17,600'.00I
<br />with interest thereon, together with such charges and advances as! may be due and paygble to said mortgagee under' .the ` torms and.
<br />conditions of the promissory note of even date herewith. and sei:ured 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_2_ by said mortgagee, and any and all indebtedness I in addition to the amount; above stated" which said mortgagors, or. any
<br />of: them, may owe to -said mortgagee, however ovidenced, 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_ hereby assign to said mortgagee all tent. 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 />tiaerefrom 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 chrrges or payments provided for herein or in the note hereby. secured. This
<br />rent assignment shall continue in foice 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 jsums 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 thin
<br />mortgage:
<br />If said mortgagor 5 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 exteniiions or renewals thereof in 'accordance with the terms and provisions
<br />i
<br />thereof, and if said mortgagor S' 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 sh'rR 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 repres(mted thereby to be immediately due and payable, and mayforeclose this'
<br />mortgage or take any other legal action to protect Its right, and ;ram the date of such default all items of indebtedness secilred 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, Bald 'Mortgagors hrt Ve 'hereunto set their t,anrL4_ the day and, year first above
<br />written.
<br />Sallie S.'Alberts
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