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--J T --- V Ini r' -AW III—) 9r�_9 M-4.11
<br />'MORTGAGE
<br />()10 P Loan No
<br />8th O�tober 75
<br />THIS INDENTURE, made this-- day of 19— by and between
<br />PHILIP E. HAMMON AND LORRAINE J. HAMMON, husband and wife, each in� his and he';r:own
<br />..right and as.spouse of 'the other,
<br />Of HALL rounty, Nebraska, as mortgagor5— and Home Federal Savings and Lodn'Association of I Grand Island,
<br />a corporation organized. and exi.sting under the laws of Nebraska with its principal office and place of business at Grand lsl�=d, Nebraska,
<br />as rhortgagee:
<br />WITNESSETH: That said mortgag6r S , for and in consideration df the sum
<br />NINETEEN THOUSAND ONE HUNDRED AND NO/100 ------ -------------
<br />- - - - - - - - -- nollars (S 19 10 0 0 0
<br />the receipt of which is hereby acknowledged, do— by these present 1 6 mortgage and warrant unto said mortgagee, its successors and
<br />Ha I I
<br />assigns, forever, all the followirjg described real estate, situated in the 'county of—
<br />and State of Nebraska, to -wit:
<br />LOT THIRTY NINE (39), 1 N VIEST LAVIN I N THE CITY OF
<br />GRAND ISLAND, NEBRASKA.
<br />a
<br />Together with"all heating, lighting, and plumbing equipment and fixtWes, including stokers and burners,' screens, awnings: -storm windows
<br />and doors, and window shades or blirids, used on or in connection with;said property, whether the'same 6ro now located on said property
<br />or lioreafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with.all and singular the tenements, hareditaments and appurtenances thorcunto belong.
<br />ing, or in anywise appertaining, -forever and warrant the title to the same. Said mortgago�_a_ hereby covenant with !said.-- mortgage o
<br />t pren-dses above conveyed. and described,, 6nd ''a ce
<br />that - -he-Y- are at the 'delivery hereof, the lawful owner -S of the
<br />brances, and that
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encum __the�L_w : III warrant and
<br />defend the title thereto forever againstAhe 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 />NINETEEN THOUSAND ONE HUNDRED AND NOIIOO ----- -------------------- - 19,1-00.00:
<br />Dollars ($_
<br />with interest thereon, together with such charges and advances as may. be duo and payable to said mortgagee under �the iorms' and
<br />conditions of the promissory note of �even date'herewith and secured.hereby, executed by said mortgagor S to said mortgagee, payable
<br />-cure the performance of all the terms and conditions contained therein. The terms of' 'said note are
<br />as expressed in said note, and to sL
<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 P�ado to said
<br />mortgagor_�_ 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 shal,l.'remaln in full
<br />force and effect between the parties fiereto 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 S -hereby assigm__ 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 ita 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 improvomqnts necos-
<br />sary to keep said property in tenantable condition, or to other charges . pr payments provided for herein or in the note hereb� secured. This
<br />rer�t 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 n6to' and of this
<br />mortgage.
<br />If sai . 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'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 'cmd 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 note7:and all indebtedness represented thereby to be immediately due and payable, and mal foreclose this
<br />. Y.
<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, executors, adminis trators, successors,CM4 assigns of
<br />thojespective portiere hereto.
<br />.-IN WITNESS WHEREOF, said Mortgagor S h.ve hereunto set the i r" hand S the day andyear',first above
<br />written.
<br />FnJ I P mma
<br />Ei in e Hammon
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