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<br />MORTGAGE—Savings and Loan Form --(Direct Credit Plan) 255.2 (Special)
<br />IN,110ROFILMED
<br />r
<br />10 .2 2 0 MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this —day of October 975
<br />I 8y and between
<br />RONALD GENE SCHWIEGER AND PATRICIA M. SCHWIEGER, as husband and wife. -'each i�n�hi,; and
<br />.her own right and as spouse of the other,
<br />Of Hall ounty, Nebraska, as mortgagor --S-, and Home Federal Savings and Loan Association �.f (Gand Island,
<br />a corporation organ.ized 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 for and in consideration of the sum of
<br />TWO THOUSAND THREE HUNDRED AND NO1100 ------------------------- Dollars (S-2 y 360. 00
<br />.the receipt of which is hereby acknowledged, do— by those presents mortgage and warrant unto said mortgagee, its :successors and
<br />.assigns, forever, all the following described real estate, situated in the county of Ha I
<br />State of Nebraska, to -wit:
<br />EASTERLY THIRTY-FOUR AND ONE-HALF'FEET (341") OF LOT SEVEN (7) IN BLOCK ONE'"
<br />a HUNDRED -THIRTY (130) IN KOENIG AND WIEBE'S ADDITION TO THE CITY OF GRAND IS�A�D
<br />NEBRASKA.
<br />SUBJECT TO A PRIOR MORTGAGE IN THE ORIGINAL AMOUNT OF $9,750.00, FAVOR OF Hbjm��
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND RECRODED IN BOOK 157:, PAGE
<br />133 OF THE MORTGAGE RECORDS OF HALL COUNTY- NEBRASKA."
<br />Together with all heating, lighting, land plumbing equipment and fixtures, including stokers and burnerq . screens, awning I s; storm windows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the same'.re now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAT�M, together with all and * sing�ilar the tenements, hereditaments and appurtenances tLieunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the saipe. Said mortgagor_�L_ hereby covenant withisaid mortgagee
<br />that __-Lho_�L_ n r -P at th& delivery hereof, the lawful owner�g_ of the premises above conveyed and described,.qnd I a r -e
<br />seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances, and that ±_--ho-�L_ W'111'warrant and
<br />defend the title thereto forever againbt 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 />TWO THOUSAND THREE �UNDRED AND NO1100 --------------------- ==Dofiars_(S_ 2 _io i 0-00
<br />with interest thereon, together with such charges and advances as may be due and payable to said 'Mortgagee urider 'the terms and
<br />conditions of the promissory note of: even date herewith and secured hereby, executed by said mortgagor G to said morigdgeo, payable
<br />as expressed in said note, and to sec&e 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 mddo to -said
<br />m6rigagor—.2-- by said mortgagee, and any and all indebtedness In addition to the amount above stated which said morIgagors, or'any
<br />of them, may owe to said mortgagee, however evidenced, whether by note, book account or otherwise. This mort�age shall remain in full
<br />force and effect between the parties hereto and their heirs, personal representatives, successors and assigns, until all ainounts secured
<br />her6under, including future advances, are paid in full with interest.
<br />S
<br />The mortgagor hereby assign to said mortgagee all rents. and income arising at any and all times from Sol - d'
<br />I . 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 />sary to keep said property In tenantcible condition, or to other chargesbr payments provided for herein or . in the note hereb� secured. This
<br />rent assignment shall continue in force until the unpaid balance oi said note is fully paid. The taking of possession hercuilddr shall in no
<br />manner prevent or retard Bald mortgagee in the collection of said sums by foreclosure or otherwisi
<br />The failure of the mortgagee to ssert any of I . is rights hereunder,at any time shall.not be construed as a waiver of it's 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 n6te and of this
<br />mortgage.
<br />If so d mortgagor S 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 term '.and provisions
<br />thereof -and if said mortgagor p shall comply with all the provisions of said note and of this mortgage, then these presents shall be Vold;
<br />otherwise to remain in full force and 61foct, and said mortgagee shall be entitled to the peas
<br />I be irnm eesion of all of said property, and may, at its
<br />option, declare the whole of said note and all indebtedness representedi thereby to edlately due and payable, and mc�-, foreclose this
<br />mortgage or take any other legal act.lon 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. iAppraisement waived;- i
<br />This mortgage shall be binding u1pon and shall enure to the benefit of the heirs, executors, administr . ators, successoraland assigns of
<br />th� respective parties hereto.
<br />IN WITNESS WHEREOF, saId Mortgagor -G-ha %,le hereunto set hand -S-- the day and
<br />written. eip ar.firat above
<br />Q'n'tav _Q 41L� Is C-1
<br />al� Qen ; I
<br />_g. Schw i q�ey - , V ' .
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