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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Special)
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<br />MORTGAGE F
<br />Loan No
<br />THIS INDENTURE, made this 3rd day of September 19 75 by and between
<br />LORAN L. CROSBY AND JUDITH M. CROSBY, husband and wife, each in his and herown right
<br />and as spouse of the other
<br />Of Hall County, Nebraska, as mortgagor S and Homo 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 />T14ENTY THREE THOUSAND TWO HUNDRED AND NO/100----------------------Dollars (s 23,;200.00
<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 Hall
<br />and State of Nebraska, to -wit:
<br />LOT FIVE (5) IN BLOCK TWO (2) IN 14AGGENER SUBDIVISION, CITY OF
<br />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 />) g 4P 4 4mP
<br />and doors, and window shades orblinds, 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, bereditaments and appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor S hereby covenant_ with said mortgagee
<br />thatoY— aresat the delivery hereof, the lawful owner are .
<br />of the premises above conveyed and described, and
<br />$� sh
<br />eized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that te.X— will warrant and
<br />j 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 THREE THOUSAND TWO HUNDRED AND N01100 -------------------- Dollars (S 23;•200;00 1
<br />with interest thereon, together with such charges and advances as may be duo and payable to said mortgages under the torms and
<br />conditions of the promissory note :of even date herewith and secuied 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 />mortgagors •• by said mortgagee,' and'any and all indebtedness in addition to the amount above stated 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: 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 -L-- hereby assig* to said mortgages 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 />nary to keep said properly 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 mortgages •(o assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br />i 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 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 S- :shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />S 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 />j 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 binefit of the heirs, executors, administrators, successors'and ;assigns of
<br />the respective parties hereto.
<br />. IN WITNESS WHEREOF, said Mortgagor S_ha V&reunto set. their hand S the day and year first above"
<br />? written.
<br />v
<br />R. Trobuy
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