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MORTGAGE --Savings and Loan Form --(Direct Credit Plan) 255-2, (Special)
<br />MORTGAGE"
<br />Loan No
<br />THIS INDENTURE, made this -16th -day of September 1975� by and -between
<br />BENJAMIN E. CORNELIUS AND-ELSIE F. CORNELIUS. husban&and wife, each in his and -her
<br />own right and as spouse of the other, a
<br />Of Hal I County, Nebraska, as rnortgagor__� and Horr�e Federal Savings and Loan Assoc I iation of Grand Island,
<br />a corporation 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 5 for and in consideration of the sum of
<br />TWENTY-SEVEN THOUSAND -SEVEN -HUNDRED AND NO/100---�--� -------------- :D)ollars (S ?7,700.00
<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 TWELVE (12) IN CLAUSS'EN COUNTRY VIEW
<br />ADDITION TO THE'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 with said property, whether the same 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 />S
<br />ing, or in cinywise appertaining, forever, and warrant the title to the same. Said mortgagor hereby covenant with said mortgagee
<br />that L±_hc�L_: a re at the delivery hereof, the lawful owner--& of the premises above conveyed and described, and ;:I re
<br />seized.of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that -±--he-y— will ivairanFand
<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-SEVEN.THOUSAND SEVEN HUNDRED AND NO/100 --------------------- 27,700.00
<br />Dollars (S
<br />.with interest thereon, together with such charges pind advances as may be due 'and payable to said morigageo,'under the terms and
<br />conditions of�lho promissory note of even dot . o herewith and secured hereby, executed by said mortgagor_�!_ to said mortgagee, payable
<br />as expressed.in sold note, and to secure the performance of all the terms and conditions contained therein. The terms. of said note are
<br />Lereby 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 />rnortgagor_L.;� by said mortgagee, and any and, all indebtedness in addition to - the amount above stated which said mortgagors, or, any
<br />of them, may owo 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 iheir heirs, personal representatives, successors and assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />The m&rtgdgor_.2._ hereby assign to said mortgagee all rents and inco * me arising at any "and all times from said property and
<br />hereby auih6rize said mortgagee or its agent. at its option, upon default,'to take charge.of said property and collect all rents and Income
<br />therefrom 6nid apply the same to the payment of interest, principal, insurance pperniums, taxes, assessments, repairs or improvements neces-
<br />sary to keep. said property in tenantable condition, or to other charges or payment& provided 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 />marmor 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 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 mortgagoL�_ 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 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 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 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 mortgage shall be binding ul�on_ and shall enure to the benefit of the h I eirs, executors, administrators, successors and assigns of
<br />the respe�iive parties hereto.
<br />IN -WITNESS WHEREOF. sold Mortg . ago --r S liff VA hereunto not their hanfl� the day'and year first above
<br />written.
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