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MORTGAGE—Savings ' and Loan Form -(Direct Credit -Plan) 255.2 "(Special)
<br />4 9 �? MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this 30th day of August` 16-15 by and between
<br />GARY D. REYNOLDS AND CATHERINE A. REYNOLDS husband and wife each in his'rand her mon
<br />right and as sponse of the other
<br />.of Hall. County, Nebraska, as mortgagor --E. 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 --E- for and in consideration of the sum of
<br />NINETEEN THOUSAND AND NO/100--=-'--------------------=--------------Dollars (5 19,000,00 )
<br />the receipt of which is hereby acknowledged, do_ by those presents mortgago': 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 ONE (1) BLOCK THREE (3) 14AGGENER SUBDIVISION, TO THE CITY OT'
<br />' . I�TlA1TT TnT AATT TiATT Al1TTATmTT wTTTTA nT�A -
<br />I
<br />Together with all heating, lighting, and plumbing oqulpmont 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 properly
<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 the same. Said mortgagor S hereby covenant_ with said mortgagee
<br />that __t he), are at the delivery hereof, the lawful owner —Sof the premises above conveyed and described, and a, rP
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that tho ' 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 socure.the payment of the sum of
<br />NINETEEN tHOUSAND AND NO/100-------------------------------------- Dollars (S 19,000.00 ),
<br />with interest thereon, together with such charges and advances as may be due and•.payablo to said mortgagee under the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, ozecuted by.said mortgagor -E— to said mortgagee, payable
<br />as expressed 'in; said note, and to secure the performance of all the terms and conditions contained therein. The torms of said note azo
<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 -L- by said mortgagee, and any and all indebtedness! in addition to th'o amount above slated 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 representalivei, successors and assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest:
<br />The mortgagor -L--., hereby assign_ to said mortgagee all rents and income arising at any and ail 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 incomo
<br />therefrom and apply the same to the payment of interest, principal; insurance premiums, taxes, assessments, repairs or improvements necos-
<br />sary to keep said property in tenantable condition, or to other charges or payments provided for horein�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 the mortgagee to 'assert any of its rights hereunder at any time shall not be construed as a waiver of its right to asseit
<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 -L-- 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 torms and provisions
<br />thereof, and if sold. 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 shall be entitled to the possession of all of said property, and may, at its
<br />option, declarethe 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, andfrom 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 benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor Save hereunto met their hand S the day and year first above
<br />written.
<br />G ItY, RE•YNOLDS"-/
<br />CATHERINE YNOLDS
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