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MORTGAGE—Scivin%ii 'and Loan Form --(Direct Credit Plan) 2�5-2 (Special)
<br />009849 MORTGAGE.'
<br />Loan No
<br />THIS INDENTURE, made this 22nd day of September
<br />1925— by and'beiween
<br />Robert L..Smoll.en and Mariettat. Smolleni, husband"' a�d wife, each in his'and her own
<br />right and as spouse of the other,
<br />of Hal I rounty, Nebraska, as mortgagor.��_, and Home.Federal Savings and Loan Association of Grand lal . and,
<br />a corporation 6rganized and existing under the laws. of Nebraska with its PrinciRal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor --l. for ci�id in consideration of the sum -of
<br />FOURTEEN THOUSAND FIVE HUNDRED AND NOIIOO ----------------------- =Dollar. (s' 14,500.00
<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 FOUR (4) IN BLOCK NINETY (90) IN WHEELER -AND BENNETT'S FOURTH
<br />TO THE CITY OF GRAND ISLAND, NEBR ASKA;
<br />Together with.�all heating. lighting, and plumbing' equipment and fixtures, incluaing 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 THE SAME, together with all and singul
<br />or the tenements, hereditaments and appurtenances thereunto beiong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mo�tgagor_!_ hereby covenant with said mortgagee
<br />that tbo-.Y— r -P at the delivery hereof, the lawful owner—& of the Rremises above conveyed and described. and a Pe
<br />seized of a good'and indefeasible estate of inheritance therein, free and clear of aii encumbrances, and that -±-ho-y— will �rarr . ant. 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 socuro.the payment of the sum of*
<br />FOURTEEN THOUSAND FIVE HUNDRED AND NO1100 ------------
<br />- - - - I - - - I I - - 17-Ilars (S 14 , 500. 00
<br />with interest thereon, tog�ther with such charges and advances as may be due and payable to said mortgagee under the terms 'an
<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'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 tq said
<br />mortgagor 1, -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 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 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 an i d 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 I provided for herein or In the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance 0, 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 foreclosuie or otherwise.
<br />The failure of the mortgagee to assert any of 1ts rights hereunder at any time, shall not be construed as a walv& 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 mortgagor -.2— shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of sold 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 --9-,L 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 -indebtedness represented thereby to be immediately due and payable, and may foreclose this
<br />mortgage or to * ke any other legal action to protect its right, and from the date of., -such default all items of indebtedness secured hereby
<br />shall draw Interesf at 9% per arintim. Appraisement 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, x6ld Mortgagor S --ha vehereunto met their band the dcry and year first above
<br />written.
<br />ert L. bmollen
<br />Td
<br />mdr el L bmol len
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