|
MORTGAGE—Savings and Loan Form --(Direct 'Credit Plon) 255-X (Specil�)
<br />-------------
<br />- - - - ------- - - - - - - -- - - - - - 7
<br />0,
<br />-009 Z
<br />.9 8 4
<br />MORTGAGE
<br />IF
<br />Loan No
<br />THIS INDENTURE, made UK 'lay Of September 19 __Z5
<br />by and between
<br />MAXI,NE S. SEKUTERA, a single person
<br />Of Hall ounty, Nebr . aska, as mortgagor— and Home Federal Savings and Loan Association 'of Grand Island,
<br />a corporatioli 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 />ELEVEN THOUS AND EIGHT HUNDRED AND NO/100 -------------------------- Dollars (S 11,800.00
<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 SEVEN (7), IN BLOCK SEVEN (7), OF COLLEGE' ADDITION TO WEST
<br />LAWN, IN 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 with said property, whether the same
<br />are now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO,.HOLD THE SAM, 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 _LShe— at the delivery hereof, the lawful owner of the premises above conveyed and described, and
<br />seized of a good and indefeasible estate of.inheritance therein, free and clear of all encumbrances, and that s he 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 />ELEVEN THOUSAND EIGHT HUNDRED AND NO/100 -------------------------- 1 1,800.00
<br />Dollar - I
<br />with interest ther eon, together with such charges and advances as may be due and 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— 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 �aro
<br />hereby incorporate ! d he rein 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 any
<br />of them, may owe to said mortgagee, however evidenced, whether by note, book account'or otherwise. This mortgage shall remain in full
<br />force and effect bkween 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 said mortgagee all rents and Income arising at any and all times from said propert� and
<br />hereby authorize -said mortgagee or its agent, at its option, upon default. -to take chcirge of said property and collect all rents and Income
<br />th�crefrom and af�ply the same to the payment of interest, principal, insurance premiuras,� taxes, assessments, repairs or improvements neces.
<br />sary to keep said ' property in tenantable condition, or to other charges or payments pr6vided 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 gold. The taking of possession hereunder shall.in no
<br />manner,prevent or retard said mortgagee in the collection of said sums by foreclosuri'.or otherwise.
<br />The failure bUtho 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 upo,rt and enforce strict compliance with aIlL.*the terms and provisions of said note and of this
<br />mortgage.
<br />if 'sold mo'rtgdgor shall cause. to be paid to, said mortgagee the entire.amount due it hereunder, and under the terms and provisions
<br />of said note hireby,s�ecured, including future advances, and any extensions or renewals thereof in accordance with the jerms 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 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 />optjon,'de�lare the whole of said note and all Indebtedness represented thereby to be immediately due and payable, and may foreclose this
<br />mortgage. or lake any other legal action to protoct.its right, and from the date of such default all items of Indebtedness secured hereby
<br />shall draw interest at 9% per -annum. Appralsement 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'Mortgagoi --ha S hereunto not her hand S the day and year first above
<br />written:
<br />U
<br />Maxine b_bekutera, a single person
<br />
|