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MORTGAGE—Savinga and Loan Form' --(Direct Credit Plan) 25S-2 (Special)
<br />?,j1CROFILMED,
<br />010258
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this 8th —day of October 1975. , �y and between
<br />JOYCE W. HORNADY AND MARVAL A.-HORNADY. husband and wife.. each in his and he I r own
<br />riqht and as sDouse of' the other.
<br />of Ha I I County, Nebraska, as mortgagor -L-, and Home Federal Savings and Lo,�n'Associatlon o . I Grand Island,
<br />a corporation organized and existing "der the laws of* Nebraska with.its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor__�i_ for and in consideration of the sum of
<br />ONE HUNDRED EIGHTY THOUSAND AND N01100 ----------- Dollars (S 180 ;nnn nn
<br />the. receipt of which is hereby acknowledged, do— by these present.� mortgage and warrant unto said mortgagee, its!successors and
<br />assigns, forever, all the followin de i ibed real estate, situated in the' ount of Hall
<br />and State of Nebraska, to -wit: A TaRcArCT OF LAND COMPR I S I NG'c A NRT OF THE NORTHWEST QUARTER" OF THE
<br />NORT ' HEAST QUARTER (NW111NE14),* OF SECTION TWENTY-FOUR (24), TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />TEN '(10), WEST OF THE 6TH:P M, MOR� PARTICULARLY DESCRIBED -AS FOLLOWS': Buinning.at a
<br />point on the North line of �aid NEq . said point being 33 feet East of the N corner of said
<br />NEI'T- thence Easterly alod� the North line of said NEI a distance of�640.4 feet- Thence
<br />Soufherly pa'rallel to the:' est line of said NE-4L.;a disTa'nce of 1,330.9:.feet to thle*�South
<br />I i ne- of sa i d NW-4LNE-4L ; Then;e, Westerly along the. -South line of said NW 1 -,NE-L a dis . tahce of
<br />4
<br />640.4 feet to a point 33 feet East of the West .1ine of said NEI; Thence , Northerily parailel,
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<br />to,the West line of said HE -,L, a distance of 1,333.37 Feet to the placiP of beginn4'ng and
<br />containing 19.584 Acres, More or less.
<br />SUBJECT TO A PRIOR:MORTGAGE IN THE ORIG114AL AMOUNT OF $735,000t.00, IN FAVPR;O.F
<br />HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND RECORDED IN 1300k�160,
<br />�AGE 575, OF THE MORTGAGE RECORDS OF HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and bumers,'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 thoieunto belong-
<br />ing, or in anywise appertaining, foreve'r. and warrant the title to the same. Said mortgagoT_�__ hereby covenant with 1sa . id mortgagee
<br />that __'l:_he_�L_ at the. delivery hereof, the lawful owner—s. of the premises above conveyed and described, �:nd are
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that tho_�L_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 delivoied to secure the payment of the sum of
<br />ONE HUNDRED EIGHTY THOUSAND AND NO/100 ------- -------------- t --- =[Tolla,, (s 1 80,006.:Oo
<br />with interest thereon, together with such charges and advances as may. be duo and payable to said rhortgageo under the terms and
<br />s
<br />conditions of the promissory note of even date herewith and securcd� 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 thereit. The terms 'oil said note are
<br />hereby incorporated herein by this roference.
<br />It is the intention and agreement of the parties hereto that this mortg'age shall also secure any I ture advances �nado to said
<br />s t I
<br />mcrrtgagor by sold mortgagee, and any and all indebtedness In addition to the amount above stated which said mo'rtgagors, 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 ct�nounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />The mortgagor E; hereby assign to said mortgagee all rents and income arising at any and 'll times from said . property and
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<br />hereby authorize said mortgagee or its agent, at its option, upon defaiilt,-to take charge of said property!and collect all rents and income
<br />therefrom and apply the narno to the Payment of interest, principal, insurance premiums, taxes, assessments, repairs or impr�vements 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 oi said note is fully paid. The taking of';possession hereunder shall in no
<br />mannor prevent or retard said mortgagee in the colloction of said sumi 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 n8to and of this
<br />mortgage.
<br />S
<br />If said mortgagor shall cause' to he paid to said mortgagee the entire amount due It'hereunder, and under the terms and provisions
<br />of a aid 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 no te and of this mortgage then these presents s hall be void;
<br />otherwise to remain in full force 'and effect, and said mortgagee shall be entitled to the possession of ali of said property, and may, at its
<br />pption , 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 6cured hereby
<br />shall draw Interest at 9% per annum. - Appralsement waived.
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors, admInist . rators, successors 'and assigns of
<br />the'respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S___ha ve hereunto set their band S the day and jear'lirst above
<br />written.
<br />J-7 �_ 1106)
<br />i ykt:� nuf 11duy
<br />.1v1drvaj A. Rornady
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