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MORTGAGE—Savings, and Loan Form—(Direct Credit ' Plan) 255.2 (Special)
<br />MORTGAGE �0.�
<br />Loan No
<br />THIS,INDENTURE, made this 2nd dam, of September. 1975 by and between
<br />HARLAN L. JENSEN AND BONNIE L. JENSEN, husband and wife, each in his.and her own
<br />right and as spouse of the other,
<br />Hal
<br />of 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—ONE THOUSAND AND NO/100--==-------------------=------------Dollars (S2I.000.00 t
<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 Ha I I
<br />and Slate of Nebraska, to -wit:
<br />LUT SIXTEEN (16) IN BLOCK THREE (3) IN BOGGS'AND HILL'.S ADDITION
<br />.TO•THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AS SURVEYED,
<br />PLATTED AND RECORDED.
<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 AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thoreunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the - same. Said mortgagors hereby covenant— with said mortgagee
<br />that _Lho_)�_ < are, at the delivery hereof, the lawful owner -L of the premises above conveyed and described, and a EQ
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that --t he V 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—ONE THOUSAND AND M/100 -----------------------=----------Dollars (s21,000.00
<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— 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 />mortgagor_ 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 hereby assign to said morigageo 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,proporty in tenantable condition, or to other charges or. payments provided for herein or in the note hereby secured. This
<br />rent assignment shall continuo'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 otherwiso.
<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 />s
<br />If said mortgagor_ shall cause to be paid to said mortgagee the entire amount•due it hereunder, and under the torms•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 mortgagors— 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. Appraisoment -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 Mortgagors—ha Ve hereunto set their hand the day and year first above
<br />written.
<br />• UVI1111 C L� .
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