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MORTGAGE --Savings and Loan F . 6rm--(Direci 'Credit Plan) 2�5:2' (Special)
<br />MORTGAGE
<br />Loan N
<br />THIS INDENTURE, made this 12th day of September 5
<br />19-L- by and between
<br />GENE'.E.- CHURCH AND EVA LYNNE CHU CH_ husband and wife, each in h4s and her own right -
<br />and as spouse of the other
<br />Hall
<br />—County, Nebraska, as mortgagor_�!, and Home Federal Savings and Loan Association of Grcmd Island,
<br />a corporatic-i 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 -L— for and in consideration of the sum of
<br />THIRTY ONE THOUSAND FIVE HUNDRED AND NO11OO -------------- ----------- nollars (S 31,500.00),
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto -said mortgagee, Its successors and
<br />. assigns, forever, all the following described real estate, situated in . the county of.Hall
<br />and,State of Nebraska, to -wit:
<br />LOT T14ELVE (12), SCHEEL'S SUBDIVISION, BEING A TRACT OF LAND
<br />COMPRISING:A PART OF THE SOUTHEAST QUARTER.OV THE SOUTHWEST
<br />QUARTER (SE-�SW4) OF SECTION THIRTY-TWO (32), T014NSHIP ELEVEN
<br />(11) NORTH, RANGE NINE (9) WEST OF THE 6TH -P.M., HALL COUNTY,
<br />NEBRASKA..
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers 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 =1 SAME, together with all and singular the tenements. bereditaments and appurtonances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the name. Said morija4or__E_ hereby. covenant with said mortgagee
<br />that --the V are at the deliverk hereof, the lawful owmer—Ebf the promises above conveyed and described, and a"rp
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that --t—ho—Y— will warrant and
<br />defend the title th.ereto 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 />THIRTY ONE*THOUSAND FIVE HUNDRED AND N01100 -- — — — — — — — — --- — — — — — — — — — — Dollars (S 31,500.00
<br />,with interest thereon, together with such charges and advances as may be due and payable to said mortgages under 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 aio
<br />�eroby incorporated herein by this reference.
<br />It is the intent !on and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br />mortgagor S bb,� 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: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 -f— hereby assign— to said mortgagee 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 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 6ontinuo 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 in the colloction of said sums by foreclosure or otherwise.
<br />The failure of"the mortgagee to assert . any -of- its rig ' hts 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 an&enfoirco strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />S
<br />If said mortgagor— shall cause to be paid to�- said mortgagee the entire amount due it hereunder, and under the: terms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms 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 mortgages 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. Appraisemont 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 ve herounto mot their honei S tho ddary 'and year first above
<br />written.
<br />ok'l "IJ
<br />uene t. L;nurcn
<br />/,- 1, 10 1�2v-rlx �) oj-u � h CA)
<br />Eva Lynne-Gliurch
<br />
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