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MORTGAGE—Savincts and Loan Form—(Direct Credit Plan) 25S-2 (Special)
<br />MORTGAGE
<br />Loan No*
<br />0
<br />10th eptem�er .5
<br />THIS INDENTURE, made this 'lay Of 19--L-'by. and between
<br />DON�LD L. SKEEN AND BONNIE A� SKEEN husband and wift,"each in his and her owil. right
<br />and as Spouse of �he'other
<br />:Of Hall —County, Nebrask . a,- an mortgagor.�L 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 mort . gagor_.�__ for and: In consideration of the sum of
<br />T14ENTY THOUSAND AND N01100 ------------------------------------------- ollars (S 20, 000.00
<br />the receipt of which'is hereby acknowledged, do__�_' by these presents mortgage cind warrant unto mortgagee, fis successors and
<br />assigns, forever, all the followin g described real estate, situated in the county of Hall
<br />and State of Nebraska, to -wit:
<br />LOT FOURTEEN (14) IN WESTERN HEIGHTS SECOND SUBDIVISION, HALL COUNTY'
<br />NEBRASKA.
<br />Together with all h6ating, lighting, and plumbing o4uf�mont and fixtures, including stokers and burners, screens, awnings, storm windows
<br />and doors and window shades or blinds, used on or in�conneclion with said property, qbetber the same are now located on maid property
<br />or hereafter'placed thereon.
<br />TO HAVE AND'TO HOLD THE SAME, together with all and singular the tenements� he.reditaments and appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgaqor_��_ hereby covenant wit . h maid mortgagee
<br />t, are
<br />that --t-hey are at the delivery hereof, the lawful owner�_ of the promises above conveyed and described,, c�nd
<br />seized of a good and indefeaiible estate of inheritance therein, free and clear of all encumbrances, and that ___t_he_Y_ will warrant and
<br />defend the title thereto'lorever 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 THOUSAND AND N01100 ------------------- ------------------- Dollars (S 210.48
<br />with interest thereon, together with such charges and�advancos 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 pressed in said noto,.and to secure the performance of all the-torms. 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 saiii
<br />mortgagor -2— 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, boolz-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 sold mortgages 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 nece�
<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 q.therwise.
<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 . jernis and provisions of 'said note and of tliw
<br />mortgage.
<br />If said mortgagoi--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 sepured, including future advances, and any extensions or renewals thereof in accordance with the terms:. and provisions
<br />thereof, and if said mortgagor S. shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />otherwise to remain Iii full foice 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, ouch default all items of indebtedness secured hereby
<br />shall draw Interest at 9% per annum. Appraisemont waived.
<br />This morigage.shall be bin ding upon and shall 'enure to the benefit of the heirs, executors, administrators, successors and comic
<br />.jns of
<br />the respective parties hereto.
<br />thei-k the day and year first above
<br />IN WITNESS WHEREOF, said Mortgagor §__ha__Me hereunto sot
<br />written.
<br />6 A
<br />nald L.tSkceen
<br />Bonnie A.
<br />
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