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MORTGAGE-Savingh and Loan Form—(Diroct Credit Plan) 255-2 (Special)
<br />MORTGAGE
<br />cl
<br />Loan No
<br />THIS INDENTURE, made th s___ September 75
<br />day a 19—by and between
<br />EUGENE: 0. WATSON AND JUDITH A. WATSON., hushand and w i f P.- each i n his ;=1nd her-iQlap
<br />.right and as spouse of the other,
<br />Of Hall —County, Nebrcmlca as mortgagor S and Homo Federal Savings and Loan Association cif'Grcmd 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 for and in consideration of the sum of
<br />FOUR THOUSAND SIX HUNDRED AND NOIIOO -------------------- ---------- nWIars (S 41,600,00 -
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage. and warrant unto said mortgagee, itd,successors and
<br />assigns, forever, all the following described real estate, situated in tho. county of Hall
<br />and State of Nebraska, to -wit:
<br />LOT SIX. (6) OF "HOLCOMB'S HIGHWAY HOMES", A SUBDIVISION OF PART OF
<br />THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER (NE14NE14) AND A PART -OF.
<br />LOT FOUR (4) MAINLAND ALL IN SECTION 28 IN TOWNSHIP ELEVEN (11) NORTH,;
<br />RANGE NINE (9), WESTOF THE 6TH P.M.,
<br />SUBJECT TO A PRIOR MORTGAGEIN THE ORIGINAL AMOUNT OF NINETEEN THOUSAND'
<br />THREE HUNDRED AND NO/100 DOLLARS ($19,300.00) IN FAVOR OF THE HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, RECORDED IN BOOK 161P
<br />�AGE 438, OF THE MORTGAGE RECORDS OF HALL COUNTY, NEBRASKA,
<br />:j
<br />Together with all heating, lighting, and plumbing. equipment and fixtures, including stokers and burners, screens, awningii, storm windows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the same are now located 01 n.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_��_ hereby covenant with; said mortgagee
<br />that --t he ---Y— a re , at the del . ivory hereof, the lawful owner-&- 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 _Jho_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 />FOUR THOUSAND SIX HUNDRED AND NOZIO0 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars S 4,600,no'
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortcageo unuer. the' terms and
<br />conditions of the promissory 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 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 shall also secure any future advances made to safd
<br />mortgagor_��_ by said 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, book account or otherwise. This mortgage shal.1 remain in full
<br />force and effect between the parties hereto and their heirs, personal representatives, successors and assigns, until all dmounts . secured
<br />hereunder, including future. advances,'are paid in full with interest.
<br />The morlgagor_�L_ hereby assign to said mortgages alf rents and income arising at any and all times from,sa . ld property and
<br />h6roby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect a I r�nts 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 heroin 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 iii 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 -.E -i— shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the torgs and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof In accordance with the term -and provisions
<br />theroof, 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 mbr� fdreclose 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. Appraisemont waived.
<br />This mortgage shall be binding upon and shall onure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S__ba.V6 hereunto met thei r hanelS the day and 'year first aboVe
<br />written.
<br />Judit A. W
<br />7rly
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