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MORTGAGE--Savingis and Loan Form --(Direct Credit Plan) 255.2 (Special)
<br />'14f
<br />MORTGAGE
<br />Loan
<br />THiS IUDENTURE. made this I Oth day of September 19-15- by and -between
<br />CLIFFORDT... -MAD&N AND SHERRIES.: MADISON, husband and wife* each in his and'her own
<br />right and as spouse of the other,
<br />Of Hall, ounty, Nebraska, as mortgage : r s and Homo Federal Savings and Loan Association - . bf 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- EVEN JHOI SAND AND N01 100 ------------------------------------ 4)ollars (S- 27:,'0*00.00
<br />the receipt of which is hereby acknowledged, do-. by these presents mortgage cm4 warrant unto said mortgagee, its'successors and
<br />Hall
<br />assigns, forever, ali:,the following described real estate, situated. in �tho county of
<br />.and State of Nebraska, to -wit:
<br />LOT'NINETEEN,(19), CAPITAL HEIGHTS SEVENTH SUBDIVISION, HALL COUNTY,'
<br />NEBRASKA.
<br />.Together with all heating, lighting, and plumbing equipment and fixtures, including Blokers 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 property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SANIE, together with all and singular the tenements, hereditaments and appurtenances thorounto belong.
<br />ing, or in anywise appertaining. forever, and warrant the title to the same. Said mortgagor_�__ hereby covenant with said mortgagee
<br />that --±-ho)L— - are at the delivery hereof, the lawful owner5__ of the premises above conveyed and described, .: and 9
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that _±__hdV_ �vill wariant and
<br />defend the title thereto forever against the claims and demands of all persons whomsoe.vor.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum Of
<br />-TWENTYMSEVEKI THOUSAND AND NOZ 100 - — — — — - — — — — — — — — — — — — — — — — — - — — — — — — — — - 4)ollars (S-Z7.,Onn
<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 herewiih and secured hereby, executedby said mortgagor_�2_ to said mortgagee, payable
<br />as expressed in said.note, and to secure the performancb of all the terms and conditions contained therein. The terms. of said note are
<br />1-.,�aeby incorporated,.herein by this. reference.
<br />It is the intention-6nd agreement of the parties hereto that this mortgage shall also. secure any future advances made to said
<br />mortgagor -L— by said I mortgagee, and any and all indebtedness in addition to the ai . no - unt above stated which said mortgagors, or any
<br />of them, may owe to -said mortgagee, however evidenc6d, 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 . mortgagoL�_ hereby assign— to said mo'rtgageo 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 chargq of said property and collect all -rents and income
<br />therefrom and apply i 'the same to the payment of interest, principal, I'surance premiums, Ja�xes, 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 takin%. of possession hereunder shall in no
<br />mannor 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 />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 causa.to be paid to said mortgagee the entire amount due It hereunder, and under the terms and provisions
<br />of Bald note hereby sec4red,. iricluding future advances, and any extensions or renewals thereof in accordance with the term 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 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. Appralsoment 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- Mortgagor 5 --- haVe hereunto set thpi r band S the day and year first above
<br />written.
<br />Mad i Son
<br />HUI I la 0. i-lau I.-JV11
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