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T_ r_1ni,.e4 rradit Plan) 255.2 (Soecial)
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<br />:-MORTGAGE 0 -
<br />Loan No
<br />8th �September 19 75 by and between
<br />THIS INDENTURE, made this cry of_11—r-�_
<br />LORREN W. WH,ITE AND PATSY L.- WHITE, husband and wife, each in- his and herown.right
<br />and as spouse of the other,
<br />Hal I s
<br />Of —County, Nebraska" as mortgagor—, and Home Federal Scrvings and Loan Association of Grcmd Island,
<br />a corporation orgcmized and existing under' the Icrws of Nebraska with Its principal office and place of business at Grand'island, Nebraska',
<br />as mortgagee;
<br />S
<br />WITNESSETH:' That said mortgagor for and in consideration of the sum of
<br />TWELVE THOUSAND FOUR HUNDRED AND NO/100 ------- z ------ ------------- ollars (s 12 400, 0
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its, successors and
<br />Hall
<br />assigns, forever, all the following described real estate" situated in the county of
<br />and State of Nebraska, to -wit:
<br />LOTS SIX (6) AND SEVEN (7) IN FRACTIONAL BLOCK TWENTY—FOUR (24) IN
<br />BAKERI-S ADDITION TO THE CITY OF GRAND ISLAND,
<br />SUBJECT TO A PRIOR MORTGAGE. IN THE ORIGINAL AMO.UNT OF $37:,600.00, IN'FAVOR
<br />OF'HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF.'GRAND ISLAND RECORDED IN
<br />BOOK 166, PAGE 42, OF THE MORTGAGE RECORDS OF HALL COUNTY., NEBRASKA.
<br />Together with all heating. lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, stormwindows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the same are now located on said properiy
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, 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 _Lh. V .'are — at the delivery hereof, the lawful owner�i__ 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—he 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 />.TWELVE THOUSAND FOUR HUNDRED AND NOII ' 00--� ------------------------ Dollars (S 12 400. 00
<br />with interest, thereon, -together with such charges and advances as rhay be due and payable to said mortgagee under the terms afid
<br />'conditions of the prpmiss'ory 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 conditio . ns,. contained therein. The termsk o f said note are
<br />Lareby incorporated'herein by this reference.
<br />It is the intention and agreement of the parties her6to that this mortgage shall also' secure any future advances made to said
<br />mortgagor S by �ald mortgagee, and any and all indebtedness' in addition to the amount ab ' ove stated which said mortgagors, or any
<br />of them, may owe'to said mortgagee, however evidenced, whether by note, book accotint 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 pald in full with interest.
<br />The mortgagor_.�_ hereby assign— to said mortgagee all rents and income ari.slAg at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charoe. 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 impr ovements 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.
<br />The failure of the mortgagee to I 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 nolb and of this
<br />mortgage.
<br />If said mortgagoi, S shall cause to be paid to said mortg.agee the entire amount . dud it hereunder, and under the terms and provisions
<br />of said note hereby sec�red, including future advances, and. any extensions or renewals thereof in accordance with the terms, and provisions
<br />ther . eof, 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 in I full force 'and effect, and acrid mortgagee shall be entitled to tho'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. Appralsement waived.
<br />This mortgage shall be bin ding upon and shall e . nure to the benefit of the heirs,'executors, administrators, successors and assigns of
<br />the respeciivo parties hereto.
<br />. s ve the i r,.-) h
<br />IN WITNESS WHEREOF. said Mortgagor ' h" hereunto set anti S the dcry and year first above
<br />written.
<br />y .— L_. Wh i
<br />OCO /
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