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MORTGAGE—Savings " and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE
<br />ik
<br />Loan No t
<br />3rd f Septeinber 1s 75 'b and between
<br />THIS INDENTURE, made this day o Y.
<br />PHILIP KRAFT, JR. AND EVELYN B.` KRAFT, husband and wife,_each in h -is and her own
<br />right and as spouse of the other,
<br />Of HALL County, Nebraska, as mortgagor S 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 />TEN THOUSAND AND NO/100------------------------------------------- Mollars (s 10,000.00
<br />the receipt of which is hereby acknowledged, do— by these' presonts 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 Slate of Nebraska, to -wit:
<br />LOT THREE (3) IN BLOCK TWENTY SIX (26) IN PACKER AND BARRIS
<br />SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />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 S hereby covenant_ with, said mortgageo,
<br />that __t hem are at the delivery hereo}, the lawful owner— 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 _—thewill 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 />TEN THOUSAND AND NO/100'-----------------------------------------rn,llars (s 10,000.00
<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 mortgagor -L-- 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 />S
<br />The mortgagor— hereby assign 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 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 />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 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 if said mortgagor S 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 />shale 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 L -ha Ve hereunto not their hand S the day and year first above
<br />written.
<br />Yn ra
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