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MORTGAGE --Savings and Loan Form --(Direct Credit Plan) 255.2 (Special)
<br />Irop,
<br />T
<br />MOR GAGE
<br />q Loan
<br />10th Septembei�, 9 5� 'y and between
<br />'day of _L _
<br />THIS INDENTURE, made this .1 b
<br />ROBERT E. KING AND MARGARET KING, -,husband and wife, each in his and her ow� riabf And
<br />as spouse -of the other
<br />Of Hall. —County, Nebrask6, as mortgagor S, and Homo Federal Savings and Loan Association of Grand Inland,
<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_�E_ for and in consideration of the sum. of
<br />TWELVE THOUSAND FIVE HUNDRED AND N01100 ---------------------------- Dollars (S 12,500.60
<br />'th6 receipt of which is hereby acknowledged, do by these presents mortgage and warrant unto said mortgagee, its successors and
<br />assigns, fo'rever, all following described real estat . o,: situated in the county of Hall
<br />and State of Nebraska,' to-wlt:
<br />FRACTIONAL LOT NINE (9) IN BLOCK SEVEN (7) OF CHARLES WASMER'S ADDITION
<br />TO THE CITY, OF GRAND ISLAND, NEBRASKA, AND ITSCOMPLEMENT, FRACTIONAL.
<br />LOTS�z.SEVEN AND EIGHT (8).' IN BLOCK WENTY ONE (21) IN KERNOHAN AND
<br />DECKEk'S ADDITIONTO THE, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<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 property.. 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 thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor—q— hereby covenant with said mortgagee
<br />that t ho -y— are at the delivery hereof, the lawful owner S of the premises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritan that -_ t
<br />cc therein, free and clear of all encumbrances, and —hey— will warrant and
<br />defend the title tlierbto forever against the claims and demands of c�l persons whomsoever.
<br />PR . OVIDED ALWAYS, and this Instrument is executed and delivered to secure the,payment of the sum of
<br />TWELVE THOUSAND FIVE HUNDRED AND NO11OO - - - - - - - - - - - - - - - - - - - - - - - - - - ollars (S 19 500 00 1
<br />with interest thereon, together. with such charges and advances as may be due and payable to said mortgagee unaer' the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by scrid mortgagor. S to said mortgagee, payable
<br />as expressed in said note,. and to secure the performance of all the terms and conditions contain. ed therein. The terms of said note arc
<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 -L— by sold 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, boolc 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 cCmounts secured
<br />hereunder, including future advcmces, are paid in full with interest.
<br />The mortgagor_�__ hereby assign to said mortgagee all rents and income arising at any and all times from sa , id property and
<br />hereby authorize said mortgagee or its agent, at its option, upon dofault,,to take chargq of said property and collect all rents and income
<br />therefrom and apply'the same to the payment of interest, :principal, insurance promium.9i 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 horeby* secured. This,
<br />rent assignment shall, continue in force until the unpaid -balance of said note is fully pchcL The taking of possession hereunder shall in no
<br />manner prevent or,rdtard said mortgagee in the collection of said sums by foreclosure or.otherwise.
<br />The failure of the mortga . goo to assert any of its rights hereunder at any time shall'fiot 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 th6 terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgag6r - s shall cause to be paid to'sald mortgagee the entire amount cl�e it hereunder, and under the torm� and provisions
<br />of said note hereby secured, including futdre'advahces, and any extonBions or renewals thereof In accordance with the terms, -and provisions
<br />thereof, cmd if said; mortgagor S shall comply with all the provisions of said note and o'j' this mortgage, then these present's shall be void;
<br />otherwise to remain in full,foice 'and effect, and said mortgages shall be entitled to the p�bsscsslon 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. Appraifloment waived.
<br />This mortgage. shall be binding upon and shall enure to the benefit of the heirs, eiecutors, administrators, successors -and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, a . aid Mortgagor q-Lhffve horounto set their hand q the day and year first above
<br />written.
<br />L ;W
<br />Robert. E.'Kih
<br />Margaret &3,.Pg
<br />
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