|
MORTGAGE --Savings .and Loan Form-(DirectCredit Plan) 255.2 (Special)
<br />MORTGAGE ���
<br />9oFx�'1�F
<br />Loan No
<br />THIS INDENTURE, made this / 'day of August 1975 , by and between
<br />JOHN MICHAEL WANEK AND BONNA B. WANEK, AS husband and wife, each in his'arid her own.
<br />right and as spoyse of the other,
<br />Of Hal] County, Nebraska, as mortgagors 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 />THIRTY -FOUR THOUSAND SIX HUNDRED FIFTY AND N0/100 - - - - - - nollars (S 34,650.00),
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgageand 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 FIVE.1(5) IN BLOCK NINE (9) iN ASHTON PLACE AN ADDITION TO THE CITY OF GRAND
<br />ISLAND,'NEBRASKA.
<br />i
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, slorm'windows
<br />and doors, and. window shades or blinds, used on or In connection with said properly, 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, hereditaments and 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 the_ are at the delivery hereof, the lawful owner_.L of the premises above conveyed and described, and are
<br />seized of a good and indefeasible estato of inheritance therein, free and clear of all- encumbrances, and that tie_ T}_' will warrant and
<br />defend the title; thereto forever against the claims and demands of all persons whomsoever,
<br />i
<br />PROVIDED "ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />THIRTY-FOUR THOUSAND SIX HUNDRED FIFTY AND N0/100 - - - - nellare (S 34,650.G0; )
<br />with interest thereon, together with such charges and advances' as may be duo and payable to said mortgagee under the terms and
<br />conditions of, th ' o promissory note of even date herewith and secured hereby, executed by said mortgagor_ to said mortgagee, payable
<br />as expressed insaid 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 S by said mortgagee, and any and all indebtedness in addition to the amount above staled 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 assign 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 promiums, taxes, assessments, repairs or improvements necos.
<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 rotard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the • mortgageo lto 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 cmd 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 protoct 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 benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S ire Ve" hereunto set their' hanf the day and year rat above
<br />written. ..
<br />n Michaels ek
<br />Senna B. Wanek
<br />
|