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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 22nd day -of August'. , 1915 „by and between
<br />ARCHIE WOODWARD AND'NELLIE H. WOODWARD, husband and wife, each in his and her own.
<br />right and as spouse of the other;
<br />Of- Ha I I 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 55 for and in consideration of the sum of
<br />TWO THOUSAND SIX HUNDRED AND NO/'100------=------------------------nollars (S_2_,_Ei0.0_._06 ),
<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
<br />Hall
<br />and State of Nebraska, to -wit:
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<br />LOT EIGHT (8) IN BLOCK SEVEN (7) IN HANNIS THIRD ADDITION TO THE
<br />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 properly, whether the same are now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE ARD TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto belong -
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<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor -2-- hereby covenant— with said !mortgageo
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<br />that _--tre-2�L_ are , at the delivery' hereof, the lawful owners of the premises above conveyed and described, and D re
<br />seized of a good and indefeasible estate of inheritance therein, free 'and clear of all encumbrances, and that --±-ho-y — will warrant and
<br />defend the title thereto forever against the claims and demands of all persons whomsoever.
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<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />TWO THOUSAND SIX HUNDRED AND NO/100-----------------------------Dollars (s 2400.00 )
<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 th©rein. The terms of said note aie
<br />hereby incorporated herein by this reference. j
<br />It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
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<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 owo ,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 5 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.
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<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 iprovisions
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<br />thereof, and if said mortgagor g . 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 />shall draw interest at 9% per annum. Appraisement 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.
<br />IN WITNESS .WHEREOF, said Mortgagor s Vehereunto set the l r bond S the day and, year first above
<br />written.
<br />Archie Woodward
<br />Nellie H. Woodward
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