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MORTGAGE�avinge and Loan Form -(1& Credit Plan) 255.2 (Spedal)
<br />E�i5 MORTGAGE o,,�
<br />Loan No
<br />Fo
<br />THIS INDENTURE, made thio /`� day o ��� ' 19 75 by and between
<br />J. ROBERT LAGSDING AND WANDA W-. LAGSDING, husband and wife, each in his and her own
<br />'right and as spouse of the other'
<br />Of Hall County, Nebraska, as mortgagor, 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 --a— for and in consideration of the sum of
<br />FIFTEEN THOUSAND AND NO/ 100 ----------------------------------------Dollars (S 15,000 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'THIRTY-TWO (32) IN FIRST ADDITION TO "HOLCOMB'S HIGHWAY HOMES"
<br />,
<br />BEING A SUBDIVISION OF PART -OF THE NORTHEAST QUARTER OF THE NORTHEAST,
<br />QUARTER (NE4NE4) AND A PART OF LOT FOUR (4)., (MAINLAND), ALL IN SECTION
<br />TWENTY-EIGHT (28), IN TOWNSHIP ELEVEN (II), NORTH, RANGE NINE (9) WEST
<br />OF THE 6TH P.M.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, storm windows
<br />�C 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_he__y— a CP , at the delivery hereof, the lawful owners of the. premises above conveyed- and described, `and @;=e
<br />{ seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that _±_hd/_ will warrant and
<br />defend the title thereto forever against the claims and demands of all "persons whomsoever.
<br />PROVIDED ALWAYS, and this einstrument is executed and delivered to secure the payment of the sum of
<br />FI FTKFW THOUSAND AND W01100— ^ollars (S—}� ),
<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 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 Bald
<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 shrill romain 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_ 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 dofault,'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 />mannor 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_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' it said mortgagor_ 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 effoct, and said mortgagee shall be entitled to the possession of all of Bald property, and may, at. its
<br />option, declare the.whole of, said note and all indebtedness represented thereby to be imriodiately 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, adminietratora, successors and asslgns'of
<br />the respective. parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor h-Ve hereunto set '' an the day and, year first above'
<br />written.
<br />0. Robert l,agsd'Kg
<br />
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