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MORTGAGE -Savings and Loan Form -(Direct Credit Plan) 255.2 (Special)
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<br />MORTGAGE
<br />09f1
<br />Loan No
<br />THIS INDENTURE, made this 3rd day of September 11925 • by and between
<br />DUANE E. HOAG AND ELLA M. HOAG, husband and wife, each in his and her own right and
<br />as spouse of the other,
<br />Of Ha I I County, Nebraska,'as mortgagor -L- 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 -a- , for and in consideration of the sum of
<br />SIXTEEN THOUSAND AND NO/100--------------------------------------=-Dollars (S16,000,00 ),
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its 'successors and
<br />Hall
<br />assigns, forever, all the following described real estate, situated in the county of
<br />and State of Nebraska, to -wit: A CERTAIN PIECE OR PARCEL OF LAND LOCATED ON PART OF THE NORTHEAST
<br />QUARTER OF THE NORTHEAST. QUARTER wEµ,Nµ)
<br />E, OF SECTION 21, IN TOWNSHIP 11; NORTH, RANGE
<br />9, WEST OF THE 6TH P.M.,.AND ON PART OF LOT FIFTEEN (15) OF THE COUNTY SUBDIVISION OF
<br />THE SOUTH HALF OF THE SOUTHEAST QUARTER (S -LSE=) OF SECTION 16, IN TOWNSHIP 111'NORTH,
<br />RANGE 9, 'JEST OF THE 6TH P.M., MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCING AT A POINT 76.'FEET SOUTHERLY FROM THE SOUTHEASTERLY CORNER OF LOT I`IN BLOCK
<br />3 IN WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND NEBRASKA AND ON A LINE WITH:THE
<br />EASTERLY BOUNDARY LINE OF SAID LOT, IF EXTENDED, fHE POINT bF BEGINNING RUNNING'THENCE
<br />IN A WESTERLY DIRECTION,. PARALLEL WITH THE NORTHERLY BOUNDARY OF JOHN STREET IN SAID
<br />CITY, FOR A DISTANCE OF 66 FEET RUNNING THENCE IN A SOUTHERLY DIRECTION PARALLEL WITH
<br />TLC 1"1CcTERLY BOUNDARY LINE OF EDDY STREET IN SAID CITY, FnR a nISTAMrF n� 79 FFFT'= Tn TNF
<br />Y BOUNDARY LINE OF JOHN STREET RUNNING THENCE'l
<br />THE NORTHERLY (�HUPONSTFIEL BOUNDARY LINE Ol JOHN STREET AS
<br />JESERQY%OUNDROFLEpEYOFEDDT,SyREN1
<br />ET TO. THE PLACE OF BEGINNING, ALL IN HALL COUNT)
<br />D STA
<br />E .OF.66
<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 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 _l -ho-)L'- are at the delivery hereof, the lawful ownerS- of the premises above conveyed -and described, and a r?
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that tho_�L_ will warrant and
<br />defend the title thereto forever against tho 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 />SIXTEEN THOUSAND AND NO/100--------------------------------------Dollars (S 16,000.`00
<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 mortgagors 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 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 -5— 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_5_ hereby assig*+ 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 lake charge of said property and collect all rents and income '
<br />therefrom and apply the name 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 />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 enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgagor-!- 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 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 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 Mortgagor S_ha Ve hereunto set their hand S the day and' year first above
<br />written.
<br />V
<br />a . Hoag,,
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