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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE
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<br />'Loan No
<br />THIS INDENTURE, made thin 15th day of 1911., by and between
<br />CHURCH OF GOD IN THE STATE OF NEBRASKA, By W; C. Ratchford, President
<br />Of Hal I 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__q__ for and in consideration of the sum of
<br />TwFNTv–oNF imtISAND SIX HI INnRm ANn No/ I O(1------------------------ +ifars (S I CI (111 ),
<br />the receipt of which is hereby acknowledged, ' do_ by these presents mortgage and warrant unto said mortgagee, its successors and
<br />assigns, forever, all the following described real estate, situated in the county of Hal I
<br />and State of Nebraska, to -wit:
<br />LOTS TWO (2) AND THREE (3), SEIM SUBDIVISION, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<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 5 hereby covenant_ with said mortgagee
<br />that --t–ho-Y— are at the delivery hereof, the lawful owner.; of the premises above conveyed and described, and ora
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that the_V 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 />TWENTY-ONE THOUSAND SIX -HUNDRED AND NO/100----------------------collars (521,600.00 )
<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 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.nole, 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 mortgagors hereby assign to said mortgagee all rentsand 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. T@s
<br />rent assignment shall continue in force' until the unpaid balance of said note is fully paid. The laking 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,; arid'` if'safd��mortgagorS _ shall comply with all the provWons.of said note and of this mortgage, then these presents shall be void;
<br />otherwfse tq�ipmain iri,full force and effect, and said mortgagee shall be entitled to the possession of all of said property, and may, at its
<br />option,pd'q.l� q'"the whole of said note and all indebtedness represented thereby to he immediately due and payable, and may foreclose this
<br />rr,64 . � lftit�o �ariy o(her legal action 'to protect its right, and from the date of such default all items of indebtedness; secured -hereby
<br />aij6ll;draw ltrteresl at)9%5 per annum. Appralsement waived.
<br />.Thio �soprtgage;hall be binding . upon and shall enure to the benefit of the heirs, executors, administrators, successors and a's'signs 'of
<br />`%cr respectivetpgrliesai�eto i
<br />it rW�TNFBS' OF ,said Mortgagors—ham_ hereunto set their hand; — the day and.year first above
<br />T`. >:.,� CHURCH OF GOD. I N THE STATE OF' NP RA A
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<br />By
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