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MORTGAGE --Savings and Loan Form--4Direct Credit Plan) 25i-2 (Special)
<br />MORTGAGE
<br />0.10080
<br />Loan
<br />THIS INDENTURE, made.this– —day of October 192-5 by and bet'ween
<br />LINDELL E. HOFFMAN AND KAY L. HOFFMAN, husband and wife, each in his and her own right
<br />-and as spouse of the other,
<br />Of Hall ounty, Nebraska, as mortgagor_��_ and Home Federal Savings and Loan Association of Gr * and 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 mor . tgagor__�_ for and in consideration of the sum of
<br />THIRTY-FOUR THOUSAND THREE HUNDRED ANn No/Ion – – – – – – – – – – – – – – – --- – – – – ollars (S -�nn on
<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 SEVEN (7), FREEDOM ACRES SUBDIVISI.ON, IN 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 SAME, together with all and'singular the tenements, hereditaments and appurtenances thoreunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagoiS— hereby covenant with said mortgagee
<br />that ;�irp_ at the delivery hereof, the lawful owner�S_ of the premises above conveyed and described, and a re,
<br />Seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that _t_h.Y___ will warrant land
<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 />THIRTY-FOUR THOUSAND THREE HUNDRED AND NO/100 ------------------ ollars(s 34,300,00
<br />'with interest thereon, together with such charges and advances as may be duo and payable to said mortgagee under the terms and
<br />conditions of the promi ssory note of even date herewith and secured hereby, executed by said mortgagor_�L_ to said mortgagee, payable
<br />cis expressed in said note, and to secure the performance of all the term 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 hiture advances, are paid in full with interest.
<br />The mortgagor S 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 and apply the same to the payment of interest, principal, insurance prerniums, 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 unpaid balance of 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 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 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 heieby secured; iricluding 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 Mai, 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 Interesi at 9% per annum. Appralsoment waived.
<br />This' n1ortgage 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, said Mortgagor havP hereunto set +hPir hand q the day and year first above
<br />written.
<br />-Linde 0 Ma
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