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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
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<br />C MORTGAGE ?oF,�,Fo .
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<br />L0 cm No
<br />September 7.5
<br />THIS INDENTURE, made this day of 19_r by and between
<br />LARRY L.•SCHLICHENMAIER AND GAIL. L. SCHLICHENMAIER, husband and wife, each in his and
<br />her own right and as spouse of the other,:
<br />Of Ha I 1-, 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 principaI,ottice and place of business at Grand Island, Nebraska,
<br />as mortgagee; '
<br />WITNESSETH: That said mortgagor S , for pnd in consideration of the sum .of
<br />TWENTY THOUSAND SIX -HUNDRED AND NO/100-------------==-------------Dollars (5 20,600.00 )
<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 Ha I I
<br />and State of -Nebraska, to -wit:
<br />THE SOUTH THIRTY (30) FEET OF LOT NINETY-FOUR (94) AND THE NORTH TWENTY
<br />•(20) FEET OF LOT NINETY-THREE (93); OF HAWTHORNE PLACE BEING A j
<br />SUBDIVISION OF PART OF. NORTHWEST QUARTER.(N4Jµ) OF SECTION TWENTY-TWO
<br />(22), IN TOWNSHIP ELEVEN (II) NORTH, RANGE NINE (9), WEST OF THE SIXTH
<br />PRINCIPAL MERIDIAN, HALL COUNTY, NEBRASKA.
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<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 properly, 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, hereditaments and appurtenances thereunto belong -
<br />Ing, or in anywise appertaining, forever,' and warrant the title to the same. Said mortgagor— hereby covenant— with said :mortgagee
<br />that —thou w i I I at the delivery hereof, the lawful owners of the. premises above conveyed and described, and are `
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that t hem— 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 />TwFNT -TL ni tSAwn SIX Hi wnRFn Awn, NO/ 100 --------------=-=----------mars (s 20 , 600, 001 ),
<br />with interest" thereon; together with such charges and advances as may be due and payable to said mortgagee under the terms and
<br />conditions of 'the promissory note of even date herewith and secured hereby, executed by said mortgagor -L— to said mortgageI e, 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_ by said mortgagee; and any and all indebtedness in addition -to the amount above stated which said mortgagors, or any
<br />of them, may owo 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 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 mortgageo all rents and income arising at any and all times from said property and
<br />hereby authorizo •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 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 retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />Tho failure of the mortgagee to assert any of its rights hereunder at any timo.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 mortgagors 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 it'said mortgagor S- shall comply with all the provisions of said note and of this mortgage, than 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 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 benefit of the heirs, executors, administrators, successors and assigns of
<br />tho respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor Sia Ve hereunto set their hand S the day and year first above
<br />written.
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