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TGAGE--Savings - 6nd Loan. Fo`rm-41)irect Credit Plan) 25 . 5 '. - 1 2 (Special)
<br />THIS INDENTURE, made this 17th day a . f September —"19__L5 by.,cmd between
<br />-JOSEPH H.-EWOLDT AND CAROL ANN EWOLDT, husband and wife, each in his and her own right
<br />and as spouse of the other
<br />Of Hall
<br />_county. Nebraska, as mortgagor -.1 and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation. organized and existing under the Icrwa of Nebraska with Its principal office and Place of business at Grand Island, Nebraska,
<br />as mortgagee
<br />MqTNESSETli: * That acrid mortgagor -.9— for and in* consideration of the sum a I I
<br />T14ENTY FOUR THOUSAND NINE -HUNDRED AND N01100 ---------------------- Dollars (S 2 . 4,900.00,
<br />the receipt of which is hereby acknowledged, do by these presents mortgage and warrant unto acrid mortgagee, its successors and
<br />assigns, forever,'afl the following described real estate, situa . ted in the county of- Hall
<br />and State of Nebraska,, to -wit:
<br />LOT THREE (3) IN BLOCK POUR (4) IN PLEASANT. -VIEW ADDITION TO THE
<br />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 w.ith 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, horeditaments cmd appurtenances thoreunto belong.
<br />ing, or In anywise appertaining, forever, and warrant the title to the same. Said mortgagor R hereby covenant with said mortgagee
<br />that ____tjlo
<br />are at the delivery hereof, the lawful owners— of the premisos above conveyed and describdd, and are
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbran�es, and that --t he Y will warranC and
<br />defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PROVIDED : LWAYS, and this instrument'is executed and delivered to secure the' payment of the sum of
<br />T14ENTY FOUR THOUSAND NINE HUNDRED AND N01100 - - - - - - - - - - - - - - - - - - - - Dollars (S 24,900.00
<br />with interest thereon. together with such charges and advances as may be due arid. payable to said mortgagee under the' terms and
<br />conditions of the . promissory note of even date herewith and secured hereby, executed by said mortgagor -2— to acrid mortgagee, payable
<br />as expressed in s6tid note, and to secure the performance of all the ierms and conditions contained therein. The term� 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 tho,ianount above stated which said mortgagors, or. any
<br />of them, may owe..to said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage ihall 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�— hereby assign to iald mortgagee all rents and income aiising at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default. -to I 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 proidded for herein 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 in the collection of said sums by foreclosure: or otherwise.
<br />T�e 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 mortgagorS— shall, cause to be paid to said mortgagee the entire amount due ft.hereunder, and under the terms and provisions
<br />of said. note hereby secured, including futur6 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 Jn 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 acrid note and all indebtedness represented thereby to be immediately due and payable, and mcry 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. Appraisement waived.
<br />This mortga�e 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' �-�hrVe hereunto set their hand S the dcry and yearfirst above
<br />wrltten�.
<br />-H'
<br />J0,ireph E Idt
<br />77=11
<br />Carol Ann EWoldt
<br />6, �5
<br />
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