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MORTGAGE -Savings and Loan, Form—(Direct 'Credit Pian) 255.2 (Special)
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<br />THIS INDENTURE, made this – day of 19 75. by and between
<br />J I Mil I E 'D: BUESCHER AND BONNIE C'.. BUESCHER, husband and w fe, each in his and her
<br />own right -.and as spouse of the other,
<br />Of HALL - County, Nebraska, as mortgagor, and Homo`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:'
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<br />WITNESSETH: That said mortgagor 5 for and in consideration of the sum: of
<br />FIFTEEN THOUSAND TWO HUNDRED'AND NO/100-------------=-------------- 15,200.00 t
<br />Dollars (S
<br />the receipt of which is'heroby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its successors and
<br />asaigns, forever, all the following described real, estate, situated in the county of HALL' 1
<br />and Slate of Nebraska, to -wit:
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<br />LOT ONE (I), IN BLOCK ONE HUNDRED THIRTY (130), IN KOENIG AND
<br />WIEBEIS ADDITION TO THE CITY.OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
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<br />Together with , all heating, lighting, and plumbing. •equipmont 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 aro now located on said property
<br />or hereafter placed thereon.
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<br />TO HAVE :AND TO HOLD THE SAME, together with all and singular the tenements, horeditaments and appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagors hereby covenant *with said mortgagee
<br />that
<br />thus are at the delivery hereof, the lawful ,owner S of the premises above conveyed and described, and are
<br />seized of a good and indefeasibleestate of inheritance therein, free and clear of all encumbrances, and that fi _he.)�_ 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 />FIFTEEN THOUSAND TWO HUNDRED AND NO/100--------------------------- Panora (S 15,200.00',
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<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 the .promissory note of even date herewith and secured hereby, executed by said mortgagor!— to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditions contained therein. The terms of saidi 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 own to said mortgagee, however ovidenced, 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 S hereby assig*+ to said mortgageo 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 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 sold 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 assert
<br />the same at any' later time, and to insist upon and enforco strict compliance with.. all the terms and provisions of said note and of this
<br />mortgage.
<br />If said moitgagor 5 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 />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 />the respective parties_ hereto.
<br />IN WITNESS- WHEREOF, said MortgagorSVe hereunto not /i their /hand t day andel 4 first above
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<br />written�
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<br />mm ie ues e
<br />Bonnie C. Buescher
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