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MORTGAGE—Savings and ioan'Form--(Di-rect'Credit.Pl=) 255-2 (Special)
<br />(Ing
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE,. made this 15 th clay 0; September 19-Z-5 by and between
<br />ELDON.L. BERNHARDT AND AUDREY F. BERNHARDT, husband and wife, each in his and her own
<br />.right andas spouse of the other
<br />Of Hall —County, Nebraska, as mortgagor S, and Homo Federal Servings and Loan Association of Grand Island,
<br />a corporatio.,t org anized and existing under the laws of Nebraska with Its principal office and place of business at Grcmd Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor_��_ for and in conrideration of the sum of
<br />TWENTY THREE THOUSAND TWO HUNDRED AND NO 100 ----------------------- Dollars (S 23 200.. 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 />THE SOUTH FORTY-ONE (41') FEET OF LOT THREE (3) AND THE NORTH
<br />EIGHTEEN (181) FEET OF LOT TWO (2) BLOCK -TWELVE (12) -'IN WEST
<br />PARK ADDITION TO THE*CITY OF GRAND ISLAND,.NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipmont and fixtures, including � stokers and burriers, 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 appurtenance.-; thereunto belong -
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor__�L_ hereby covenant with said mortgagee
<br />that --they are _, at the delivery hereof, the lawful ownerl— of the promises above conveyed and described, and are
<br />seized of a good and indefeasible e state of inheritance therein, free and clear of all encumbrances, and that --- t he 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 />TWENTY THREE THOUSAND TWO HUNDRE . D AND N01100 -------------------- Dollar,, (s 23,200.00
<br />with interest thereon, together with such charges and advances as may be due c.Lnd payable to said mortgagee under the* terms and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mortgcigor_�L_ to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of all the terms and cond.itions 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 said
<br />mortgagor_�_ by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or an�
<br />of them, may owe to said mortgagee, however evidenced, whether by notei 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 lnc�me 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 nec6-
<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 dontinuo 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 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 assei t
<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_��_ shall cause to i 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--§.,— shall comply with all the provisions of said note and of this mortgage, then these presents -shall be void;
<br />otherwise to re main 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 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% par -annum. Appraisemont waived.
<br />This mortgage shall be binding upon and shall anure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN . WITNESS IMEREOF, said Mortgagor S__�hff VC hereunto sot their hand S the dcry and year first above
<br />written.
<br />Eld L. Bernhardt.-
<br />Addrey.Fy Bernhardt
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