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MORTGAGE—Saving's and Loan Form—(Diroct Credit Plan) 255.2
<br />0
<br />09
<br />MORTGAGE• U971
<br />Loan No'
<br />THIS INDENTURE, made this Z Y� day of 19 by:. and between
<br />ROGER L. MCSHANNON AND SHARON K. McSHANNC N wi fe,
<br />!each in his and her own
<br />right and as spouse of.'the other
<br />Hall
<br />Of —County, Nebraska, as mortgajor_SL and Home Federal Savingsand`.Loan Association of Grand Island,
<br />a corporation. organized and existing under the laws of Nebraska with Its principal office' and Piari of,business at Grand Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor--a— for and in consider rtion of the sum of�
<br />EIGHTEEN THOUSAND AND NO1100 -------------
<br />------------- --- Dollars (S 1&0'000, 00—),
<br />the receipt of which is hereby acknowledged, do— by those resents mortgage and.warrant unto said mortgagee, its. successors and
<br />assigns, forever, all the following described real estate, situated n the county of Ha H ii It
<br />and State of Nebraska, to-wit:
<br />LOT TWO (2), IN BLOCK SIX (E) IN CLAUSSEN COUNTRY VIEW ADDITION:��:�
<br />TO THE CITY OF GRAND:ISLAND, NEBRASKA.
<br />J.
<br />Together with all heating, lighting" and plumbing equipment an I fixtures, including 'stokers and burnop, screens, awning�, 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 SAME, together with all and singular the tenements hereditamentsand appurtenances thereunto belong-
<br />ing, or In anywise appertaining, forever., and warrant the title to tl.a same. Saldm's- ortgagor hereby covenant w1th'said mortgagee
<br />that __±Vo__Y_ are at the delivery hereof, the lawful )wn6r-5- of the premises above 'conveyed and described,; and are -
<br />seized of a'good and indefeasible 9state of inheritance therein, frc a and clear of. all encumbrances, and that ___±_ho�L_
<br />. will': warrant* and
<br />defend the title thereto forever against the claims and demands a I all. persons Whomsoev'er.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the .'surn of
<br />EIGHTEEN THOUSAND AND NO1100 ------------- r---------------------- Dollars 18,000.00
<br />with interest thereon, together with such charges and advances at may be due and Payable to said,' mortgagee und.erAhe terms and
<br />conditions of the promissory note of even date herewith and, s (cured hereby, executed by said mortgagor— to said mortgagee, -payable
<br />as expressed in said.note, and to secure the performance of all th) terms and conditions contained therein. The terms - of 'said note orb
<br />hereby incorporated herein by this reference.
<br />It is the intention and agreement of the parties he mortgage ortgage shall al;
<br />role that this so secure, any future advances. made to said
<br />mortgagor__�__ -by said mortgagee, and any and all. indebtednes: � in -addition to the amount above stated which said mortgagors, or. any
<br />of them, may owe to said mortgagee, however evidenced, wheth-r by note, book account or otherwise, 'This mortgage shall remain In full
<br />force and effect -between the parties hereto and their heirs, pars Inall; 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 n rents and come arising at any dn& all times from said 'propbrty and
<br />t�ca
<br />hereby authorize said mortgagee of its agent, at its option, upon dof a I to take charge of'Isald propeity and collect all rents and income
<br />therefrom and apply the name to the payment of Interest, princip .a premiums, taxes, assessments, repairs or Improvements neces.
<br />sary to keep said property In tenantable condition, or* to other c arg.es or payments provided for herein"or in the note hereby secured. 'This
<br />rent assignment shall continue in force until the unpaid balance )i said note Is fully paid. jThe takingof possession 'hereunder shall in no
<br />panner.prevent or retard said mortgagee in the collection of sal sums by foreclosure. or otherwise.
<br />The failure of the mortgagee to assert any of Its rights her funder at any time shall not be construed as a waiver o f'i t a right to assert
<br />'
<br />t , he same at any later time, and to..Inalst upon and enforce strict :ompllance with all the terms and provisions of said note. and of this
<br />mortgage.
<br />If said mortgagor-L— shall cquee to be paid to said mortg, gee,; the entire amount due it hereunder; 'and under the terms and provisions
<br />of said note hereby secured, including future advances, and any texte islons or renewals thereof in accordance with the terms and provisions
<br />thereof, and If said mortgagor—!- shall comply with all the prov konti of said note and of this mortgage, then these presents shall be void;
<br />I
<br />'otherwise to remain In full force -arid effect, and said. mortgagee 2all. be entitled to ths'possesslon 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 phyable, and may foreclose this
<br />mort4agb or take- any other legal :action to protect Its' right, and Ijfrom the date of such default all Items of indebtednesssecured hereby
<br />shall draw. Interest at 9% pei annum. Approisoment waived.
<br />This mortgage shall he binding upon and shall entire to the benefit of the heirs, executors, admdnlstrators, successors and, assigns of
<br />the respective parties hereto.
<br />IN WITNESS *HEREOF, said `Mortgagors--ha Ve heraun o settKe i r I, f] i S cmd:ye�r first above
<br />an the day
<br />written.
<br />�,11101e_
<br />oge C hann
<br />aron-K. McShannon,
<br />
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