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<br />MORTGAGE --Savings and Loan Form—(Dli� U'3Q.(Spoclal) Page
<br />Hall County, Nebraska'
<br />7)o t:7 i, MORTGAGE %9
<br />O_x
<br />Loan No �f
<br />THIS INDEN?URE, made this 9,� day o / 19L�by.and between
<br />MICHAEL P....GALLAGHER AND ROBIN L:'GALLAGHER, husband and wife, each -in his and her
<br />own•right-and as* spouse of the other
<br />Of Hall:County, Nebraska, as mortgagor_Sand 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 />FORTY THREE THOUSAND TWO HUNDRED AND NO/100------------ ---------- =-Dollar,,(S 43,200.00
<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 FIFTEEN (15) IN RAVENWOOD SUBDIVISION, BEING APART OF THE
<br />`S,SEk OF SECTION 13, TOWNSHIP 11 NORTH, RANGE 9 WEST OF THE 6TH P..M,, ;
<br />HALL COUNTY, NEBRASKA.
<br />F Together with all 'healing, 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 tenomanis, hereditaments and appurtenances thereunto belong -
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagors hereby covenant_ with said mortgagee
<br />that the y are at the delivery hereof, the lawful owner -L 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 t hey will warrant and
<br />> defend the title thereto forever against the claims and 'demands of all persons whomsoever.
<br />PROVIDED 41•WAYS, and this instrument to executed and delivered to secure the payment of the sum of
<br />FORTY THREE THOUSAND TWO HUNDRED AND _N01100---------- ;---------- nollars(S 43,200.00. )
<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 piomissory 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 said
<br />mortgagors- by.said mortgagee, and any and all indebtedness in addition to the amount above staled 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 S 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 d©fault,' 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 necos.
<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 />S 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 8 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 --4- shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />i otherwise to.remain'in'.full force and effect, and said'mortgagoe 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 takeany other legal action to protect its right, and from the date of such default all items of indebtedness secured hereby
<br />shall draw intorest'at 9% per annum. Appraisement waived.
<br />This mortgage shall -be binding upon and shall enure to the benefit of the heirs,l;executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor$�hh Ve hereunto set their landS_ the day and year. first above
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<br />M 5;0-,o >n .a a er. u2�
<br />My Commission EXpItCs Ana • 1,1 1077 �% .,%Lr i .v g
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