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MORTGAGE—Savings "and Loan, Form—(Direct Credit Plan) 255`2 (Special)
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this 3rd day of '' September ;9 75 by and between
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<br />THOMAS • J..,•CASPAR AND FLORENCE_M. CAS PAR, husband and - 'wife, each in his acid '.her own
<br />right and as spouse of the other.
<br />of Hall 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 S , for and in consideration of the sum of
<br />TWENTY SEVEN THOUSAND'EIGHT HUNDRED AND NO/.100---------------------Dollars (s—..27,800.00 1
<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 eslato, situated in .tho county of
<br />Hall
<br />and- State 'of Nebraska, to -wit:
<br />LOT FIVE (5) IN WESTERN HEIGHTS SECOND SUBDIVISION IN HALL COUNTY,'
<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 properly
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SANTE, 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 -_-L hereby covenant— with said mortgagee
<br />that t2re-)L_ are at the delivery hereof, the lawful o I eP of the premises above conveyed and described, and fare
<br />seized of a good and indefeasible 'estate of inheritance therein, free and clear of all encumbrances, and that the y— 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 SEVEN THOUSAND EIGHT HUNDRED AND NO/100-----------------Dollars (S-- 27,800._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 S 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 securo any future advances made) to said
<br />mortgagor--Lby 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 ovidenced, 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. i
<br />The mortgagor 8 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 />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 timo'shall not be construed as a waiver of its right to assert
<br />the same -at any later time, and to; insist upon and'enforco strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
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<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 horeby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
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<br />thereof, and if said mortgagor -1.- shall comply with all the provisions of said note and of this mortgago,'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% por' annum. Appraisomont waived.
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<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.
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<br />IN WITNESS WHEREOF, said Mortgagor S—have horounto set their hand S the day and year first above
<br />written.
<br />Tnomas j. uaspar r
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