|
MORTGAGE --Savings and Loan Form—(Direct Credii Plan) 255.2 (Special)
<br />009829 MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this
<br />—day by and between
<br />MICHAEL GALVAN AND MARILYN J.' GALVAN, husband arrd,wifip, bach in his and her 6.wn right
<br />and as spouse of the other
<br />of Ha I* I
<br />—County, Nebraska, as mortgagor_�i, and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and exlBting under the laws of. Nebraska with Its principal offic� and piace of business at Grand'Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: "-That said mortgagor -a_ for and In consideration of the sum of
<br />FIFTEEN THOU'SAND AND NO1100 ---------- ------------------ 7 ----------- ollars (S
<br />15."000.00
<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, s�ltuated in the county of Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT.FI.VE (5) IN BLOCK THIRTY SIX (36) PACKER A�D BARRIS SECOND
<br />ADDIT10N TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with ail heating,':lighting, and plumbing oqujpment and fixtures, including stokers* and burners, screens, awnings, storm windows
<br />and doors, and wInd6w' 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 appurtenances therounto belon
<br />9
<br />ing, or in anywise appertaining, forever, and warrant the title to the name. Said mortgago i�S__ hereby covenant with s-qid mortgages
<br />that 'a re , at the delivery hereof, the lawful owner -s- of the premises above conveyed and described, and -ame-_
<br />seized of a good a ' nd ' indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ---t-heY_ wil I I warrant and
<br />defend.the title therelo'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 />FIFTEEN THOUSAND AND NO1100 ------------------------------
<br />oiiars (s 15, 000, 00
<br />with interest thereon: I*ogother with such charges and advances as may be due and per�qblo to said mortgagee under the terms and
<br />conditions of the -promissory. note of even date herewith and secured hereby, executed �y paid mo*rtgagorq to said mort4agoe, payable
<br />as expressed in said'n6to,'and to secure the performance ofall the terms and conditions contained therein. The terms of said note are
<br />hereby incorporated b6icin by this reference.
<br />it is the intention 'and agreement of the parties hereto 'that this mortgage shall 'also
<br />6cure any future advances made to said
<br />mortgagor S by said mortgagee, and any'and all,inde�tedness In addition to tha amount above stated which said mortgag9rs, or any
<br />of them, may owe to said mortgagee, however evidence�], 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_�__' hereby assign toisaid mortgages all rents and income arising,"at any and all if es from said property and
<br />hereby auifioriie said mortgagee or its agent, at its option, upon default, to take charge'of said property andncollect all renti and Income
<br />therefrom and apply the same to the payment of interest, principal, insurance premium , taxes-, assessments. repairs or improvements neces.
<br />sary to k�ep 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 continue in force until the unpaid balance oi 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 ' ortgageo to assert any of its rights hereunder at any time shall not'be construed as a waiver of its right 'o assert
<br />the same at any later Zime, and to Insist upon and enforce strict compliance with all the terms and provisions of said -note. al)dt of this
<br />mortgage.
<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 morigagor_�_' 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,ind6b4driess. represented thereby to be Immediately due and payable, and mcry foreclose this
<br />mor'j1jgjgae�or take 'any other legal action to protect Its right, and from the date of such default all Items of Indebtedness secured hereby
<br />.ha interest at 99G'per annum. Appralsement waived.
<br />This mortgage shall le binding upon and shall enure Ao the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective Parties hereto.
<br />IN VhTNESS:WkEREOF, said MortgagorS--hn VP' he . rounto set thpir' h-4 CZ
<br />written. - -he dcry and year first above
<br />Cl
<br />-2,
<br />tcKae 1. Qq I van.
<br />ari I n J. Galva
<br />
|