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MORTGAGE-Scivin4a and Loan Form --(Direct Credit Plan) 255-2 (Special)
<br />MORTGAGE
<br />Ilk
<br />Loan No
<br />009M.
<br />TH' I Ith September 5'
<br />IS INDENTURE, made this- -day of 19 ___L .by and- between
<br />OWEN G. BENSON AND NINA F. BENSON, husband. and wife, Pach in his. and her own,:right a
<br />and'as spolbse of the other,
<br />Of Ha I I ounty, Nebraska, as mortgagor _S and Home Federal Savinigs 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.laland, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagorS , for and In consideration of the sum of
<br />.TWELVE THOUSAND AND NO/100 ------------------------------ ---------- Dollars (S-1 2 000. 00
<br />the receipt of which is hereby acknowledged, do- by those presents mortgage and warrant unto� said mortgagee, its successors and
<br />Hal I
<br />assigns, forever, all'the following described real estate, situated In the county of
<br />and State of Nebraska, to -wit:
<br />LOT EIGHT (8) IN BLOCK EIGHT (8), IN ROLLINS-.ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including BWkers 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 AN . D TO HOLD THE SAME, together with all and singular the tenements hereditaments and appurtenances. therounto belon�g-
<br />ing, or in anywise appertaining, forever, and warrant the title to the �same. Said mortgagor S hereby covenant with said mortgagee
<br />that --t-h. V a re at the delivery hereof, the lawful owner.�__ of the premises above conveyed and described, and -are
<br />seized of a good a ' rid indefeasible estate of inheritance t6rein, 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 ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />TWELVE THOUSAND AND NO/100 ------- 7 --------------- ------ 122000.00
<br />Dollars (S
<br />�wlth 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_f�_ to said mortgagee, payable
<br />as expressed in sold note, and to secure the performancd of all the terms and conditions. contained therein. The terms of , said note are
<br />I-sreby incorporated herein by this reference.
<br />It is the intentibn and agreement of the parties hereto that this mortgage shall also necuro any future advances' made to said
<br />mortgagor -L-- by. said mortgagee, and any and all indebtedness in addition t . o 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 mortgagee all rents and income a I rising 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 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 siims 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. t
<br />If said mortgagor Is shall cause to be paid to said mortgagee the entire amouh t du e it hereunder, and under the terms and provisions
<br />of said note hereby secured., including future advancds, and any extensions or renewals thereof In accordance with the terms and provisions
<br />thereof, and if said mortgagor__�._ 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 possesilon 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, cmd 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 respeciive parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor 2 -hr, Ve hereunto set their. hand S the day and year first above
<br />written.
<br />V11 e I J -P Dt=:[ ltlul I
<br />-;4n�aF. Benson
<br />�7
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