|
MORTGAGE -Savings and Loan Farm-4MIrect Credit Plan)' 255-2 (Soocial)
<br />0099-75
<br />MORTGAGE .
<br />Loan No
<br />Ilk
<br />THIS INDENTURE, made this 26th__—,ay of Sept6mber 19Z5 b
<br />_y and between
<br />ROBERT H. BERRYMAN AND MARIAN J. BERRYMAN, husband and wife each in his and �dr own
<br />right and as spouse of the other
<br />Of Hall -County, Nebraska, as mortgagor -1, and Home Federal Savings cmd Loan Association of Grand Island.
<br />a corporation organi I zed and existing under the laws of Nebraska with Its principal office and place of bu�iness at Grand Island, Nebraska.
<br />as mortgagee.,
<br />WITNESSETH: That said mortgagor_��_ for and in consideration of the sum of
<br />FOURTEEN THOUSAND SIX HUNDRED AND NO11OO --------------------------
<br />Dollars
<br />14� 600. 00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and wcrrrcmt 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 />NORTH ONE HALF (Nk) OF LOT FOUR (4) IN BLOCK FORTY-FIVE (45), IN THE
<br />ORIGINAL TOWN, NOW CITY OF GRAND ISLAND, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and �urners, 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 SAME, 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 S hereby covenant With said mortgagee
<br />that th,_y are at the delivery hereof, the lawful owner__�_ of the premises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances, and that ---t-he Y 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 />FOURTEEN THOUSAND SIX HUNDRED AND NO11OO ------------------------- liars (s- 14 600.00
<br />with interest thereon, together with 'such charges and advances 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 agreemen : t 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, 6r 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_�i_ hereby assign to said mortgagee all rents and income arising at any and all times from s . aid 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 and apply the same to the payment of interest, principal, insurance premiums. taxes, assessments, repairs or improvements neces-
<br />sory to keep said property in tenantable condition, or to other char so or payments provided for herein or in the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance oi gaid 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 mortgagee to assert any of. its rights hereunder at any time �shall not be construed as a waiver o0ts 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 mild note and of this
<br />mortgage.
<br />If said mortgagor-!�- -hall cause to be paid to said mortgagee the entire amount due it hereunder. and under the ton . na 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 />S
<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 />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 enure to the benefit of the heirs, ezecutors. ad -In' ir successois and assigns of
<br />the respective parties hereto. TIM I
<br />IN WMMS WMMOF. said Mortgagor ve hereunt I
<br />i tbelr U__A A.- first above
<br />lho� —4
<br />written. and OF
<br />_)_PAA/jAAfJ AA
<br />..riarian j. ber
<br />/ 0
<br />
|