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MORTGAGE—Savings, and Loan Form --(Direct Credit Plam) 255-2 (Special)
<br />009959., MORTGAGE
<br />Loan NO
<br />I 2th Sept mber
<br />THIS INDENTURE, made this day Of 1915- by and between
<br />WILLIAM L. WERNER AND ROSEMARY WERNER, husband and wife, each in his and �er �wn
<br />ri-ght and.as s�ouse of the other,.
<br />Of Hall —County, Nebraska, as mortgagor_.L and Home Federal Savings and Lo�m Association of Grand Island,
<br />a corporation organized and existing under the Iowa of Nebiaska with Its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That acrid mortgagor__��_ for and in consideration of the sum
<br />FORTY-FIVE THOUSAND AND NO/100 - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - liars 5, nn() nn
<br />the receipt of which is hereby acknowledged, do by them presents mortgage and warrant unto acrid mortgagee, its successors and
<br />assigns, forever, all the following described real estate, situated in the county of Hal I
<br />and State of Nebraska, to -wit:
<br />LOT THREE (3) IN BLOCK TWO (2) IN NORMANDY ESTATES, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, NEBRASKA, LOCATED IN PART OF THE
<br />EAST HALF OF THE SOUTHWEST QUARTER (E1SW14) OF SECTION TWENTY ONE
<br />(21) TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH
<br />P.M., HALL COUNTY, NEBRASKA'.
<br />Together with all heating, lighti ng, 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 hereaher placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, herectitaments and appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor_.�L hereby covenant with 'said mortgagee
<br />that ___t_he__y__ are at the delivery hereof, the lawful owner -5-- of the premises above conveyed and described, qnd a rR
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that t he V will warrant a . nd
<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 />FORTY-FIVE THOUSAND AND NO/100 -------------------------- (S 45,000'.00
<br />with interest thereon, together with such charges and advarices as may be due and payable to said mortgagee under 'the term 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 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 -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 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 �uture advances, are paid in full with interest.
<br />The mortgcigar_�_ hereby assign— to said mortgagee all rents and Income arising at any and all times from said property and
<br />hereby authorize acrid mortgagee or its agent, at its option, upon default, to take charge of acrid 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 provided for herein or in the note hereby secured. This
<br />rent assignment shall continue In force until the unpald balance of said note is fully paid. The to ' king of possession hereunder shall in no
<br />manner prevent or retard said mortgagee in the collection of said surns 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 wal r 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 ofvesaid note and of this
<br />mortgage.
<br />If said mortgagor -L- 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, cmd 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 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 upon and shall enurs to the benefit of the heire, executors. admin' trators, successors and qasigns of
<br />the respective parties hereto.
<br />IN WITNESS W1[EREOF. said Mortgagor s V hereunto set thW r s day and 'yew - first above
<br />written.
<br />r*A-m 6. Wer-ne-
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<br />CIL
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