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MORTGAGE—Savings and Loan Form --(Direct Credit Plan) 25&2 (Special)
<br />010273 - MORTGAGE.
<br />L-6294-5
<br />Loan No
<br />26th Septerilber 75
<br />THIS INDENTURE, made this day of 19:._� by and betireen
<br />WAYNE G..' CASPER AND NANCY L. CASPER, husband and w I ife, each in his and her own rig . ht
<br />and as spouse of �he other,
<br />of HALL —County, Nebraska, as mortgagor S. and Home Federal Savings : and Loan Association of Grand 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 mortgagor___��, for and'in consideration of the auni of
<br />THIRTY THOUSAND EIGHT HUNDRED AND NO/100 ------------------------- :__DlIa,. (S 30,800.0011.
<br />the*recelpt of which is hereby acknowledged, do ' by these presents mortgage and warrant unto said mortgagee, its successors and
<br />Hall
<br />assigns, forever, all the following described real estate, situated in the county of
<br />and State of N ebraska, to -wit:
<br />LOT THREE (3) IN SUNSET SIXTH SUBDIVISION, BEING A TRACT COMPRISING
<br />PART OF LOT ONE (1) SUNSET SUBDIVISION AND A PART OF NORTHEAST QUARTER
<br />(NE0,01' SECTION ELEVEN.( -11), TOWNSHIP 11, NORTH, RANGE TEN (10) WEST
<br />OF THE SIXTH P.M., HALL*COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burriers, screens, awnings, stormwindows
<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 bel : png-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor_�_ hereby covenant with said mortgagee
<br />that __Lho_�L_ are , at the delivery h einof, the lawful owner_a 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 th6reto 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 THOUSA14D EIGHT HUNDRED AND NOIIOO ----------------------- oilers (s 30,800.00
<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 promissory note of even date herewith and secured hereby, executed by said mortgagor 1; 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 agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br />mortgagor by sald mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgage . rs, 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 future 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 Umes 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 premiums, taxes, assessments, repairs or improvements ri� ' ces-
<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 prevez�t 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 as Bert
<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 mlirtgagor_��__ 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 cald provisions
<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 forde 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, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor ��_hff V 'hereunto set their hand -S the day and year first above
<br />written.
<br />flu 0 Udb U1
<br />X
<br />l\lC3,1lUy Y/ udsper 61
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