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.:� •--- a_�. rru...... r�..ai, D1,...1 9RS_2 (Srwdrtll
<br />----------------
<br />MORTGAGE
<br />Loan No
<br />THIS `INDENTURE, made thts' 28th day of ' August 1*9 5' by and between
<br />SHERIDAN T. ANDERSON AND.RUTH•ANN ANDERSON, husband and wife, each in his'and her
<br />3 own right and as spouse of the other,
<br />Hall
<br />of County, Nebraska, as mortgagor S , and Home Foderal 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 />FIFTY—SIX THOUSAND AND NO/100------------------------------- --------A*+llaa (s�_,000_ M ),
<br />the 'receipt of which is � heroby acknowledged, do— by. these presents mortgage and w4rrant 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 Nobraska, .to -wit:
<br />LOT SIXTEEN (I6) IN BLOCK ONE (I) IN COLLEGE :ADDITION TO.WEST
<br />LAWN IN THE CITY OF GRAND ISLAND, HALL COUNTY_, 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 placed theteon.
<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 tho.title to the same. ; Said mortgagor:S_ hereby covenant— with said mortgagee
<br />that t hes are at the delivery hereof, the. lawful owner S 'of the premises above conveyed and described, and are
<br />r
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ---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 />FIFTY-SIX THOUSAND AND NO/100----=-----------------------------Dollars (S 96,000 00 ),
<br />with interest thereon, together with such charges and advancos as may be due and payable to said mortgagee under the terms and
<br />conditions of the pro
<br />rnissory note of even date herewith and secured heieby, executed by said mortgagorsr— to said mortgagee, payable
<br />as expressed in said nbte; 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 />mortgagor_S— 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 romain'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 assfg* to said mortgagee 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 interest, principal, insurance premiums, taxes, assessments, repairs or improvements neces-
<br />sary to keep said properly 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 is no
<br />manner prevent or retard said mortgaged in .the collection of said sums by foreclosure or otherwise.
<br />> The failure of tlio mortgagee to assert any of its rights hereunder at any time. shall not be construed as a'waiver of its right to assert
<br />3 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 mortgagor- 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 />i 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 benefil.of the heirs, executors, administrators,' successors and assigns of
<br />the respective parties hereto.
<br />the I r `,and 5 the d and ear first above
<br />IN WITNESS WHEREOF, said Mortgagor Sha Ve hereuntosetay y
<br />written.
<br />f/ AAoln
<br />e : . Jrson
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