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MORTGAGE—Savings and Loan Form --(Direct Credit.plan) 255.2 (Special)
<br />MORTGAGE
<br />Loan No
<br />Ilth September 75
<br />THIS INDENTURE, made thin day of 19— by and between
<br />ORAL TAGUE AND JOYCE M. TAGUE, husband and wife, each'in.his and her own right,and
<br />as spouse of the other,
<br />of Hall ounty, Nebraska, as mortgagor -a— and Home Federal Savings and Loan Association:O'f Grcmd Islan , d,
<br />a corporation organized and existing under the laws 'of Nebraska with Its principal office -and place of business at Grand I sland, Nebraska,
<br />as mortgagee:
<br />WITNESSETH:! That said mortgagor -5— for and in consideration of the sum o
<br />FORTY -FIGHT -THOUSAND ANn No/inn ------------------------------------- Dollars (S 48,000 On
<br />the receipt of whiclf. is. hereby acknowledged, do— by these presents mortgage and 'Warrant unto said mortgagee, Its"succeisors and
<br />a
<br />'Hall
<br />assigns, forever, ali':the following described real estatd, situated in the county of
<br />and State of Nebraska, to -wit:
<br />ALL OF LOT ONE (1) IN VALLEY VIEW SECOND SUBDIVISION IN THE C.ITY
<br />OF -GRAND ISLAND., HALL.COU NTY, NEBRASKA EXCEPTING THEREFROM THE
<br />WESTERLY SIXTEEN AND ONE HALF (16,12') THEREOF.*
<br />Together with all heating. lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, storm window's
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the same are now Iocated'on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SANE, together with all and singular the tenements, hereditaments and appurtenances thoreunto belong.
<br />ing, or in anywise appertaining, forever, and warrant the fitle to tho'same. Said mortgagor S hereby covenant with said mortgagee
<br />that __±_ho_)L_` ' are — at the delivery hereof, the lawful owner --S of the premises above conveyed and described, and -i rp
<br />scized.of a good and indefeasible estate of inheritance therein, freo and clearlof all encumbrances, and that _t --- he V will'*war , rant 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 />FORTY-EIGHT, TH OUSAND AND N01100 ------------------------ Dollars (S 48,000.00
<br />-with interest thereon; together with such charges and ad.vcmccs as may be duo and payable to said mortgagee under' the terms and
<br />conditions of the PTorrussory note of even date herewith and secured hereby, executed by said mortgagor_�i_ to said mortgagee, payable
<br />as expressed in said,note, and to secure the performanco,of all the terms 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 sliall also" secure any future advances made to said
<br />mortgagor_�._ by said mortgagee, and any and all �indebtedness In addition to tho 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 ' s - hereby assign— to said mortgagee all rents and income ariolng at any and all times from sdid property and
<br />hereby authorize sc'nid mortgagee or its agent, at its option, upon default"to take chargle 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, oi to other charges or payments provided for herein or In the note hereby secured. This
<br />rent assignment shall dontinue 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 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 />If said mortgagor S *shall.. cause - to he paid. to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby secdi�a, including future advances, and any extensions or renewals thereof in accordance with the terms - and provisions
<br />thereof, cmd if said mortgagor_a�_ 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 two
<br />mortgage or take any other legal action to protect Its right, and from the date of such default all Items of indebtednesi'secured hereby
<br />shall draw interest at 9% per annum. Appraisement 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 S_ . her' V hereunto set +hp i r hand S the day and year first above
<br />written.
<br />/-W, A7
<br />a I 4-aque
<br />JoycEfJM.*-- Ta�de
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