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MORTGAGE—Savings and Loan Form-41)fted : Credit Plan) 25&2 (Sp"W
<br />0102 MORTGAGE
<br />Loan No
<br />THIS INDE . NTURE, made this 9th day of October 75-
<br />19=_�. by and between
<br />DONALD A. MAST AND LINDA A. MAST, husband and wife, each in his and her own -right and
<br />as sp uge of the other
<br />Of Hall —County, Nebraska, an. mortgagor__�, and Home Federal Savings and Loan Association of Grand LdancL
<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 -,z for and'in consideration of the sum of
<br />EIGHTEEN TRbUSAND NINE HUNDRED AND N01100 ------------------------- ----
<br />18,900.00
<br />the'receipt of which is hereby acknowledged, do---:— by these presents mortgage and warrant unto said mortgages, 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 NINETEEN (19) IN LE HEIGHTS THIRD SUBDIVISION, OF PART OF THE
<br />EAST HALF OF THE NORTHWEST QUARTER(E3,-NWk) OF SECTION ELEVEN (11),
<br />TOWNSHIP -ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burnern, 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 SAM, together with all and singular the tenements, hereditaments and appurtenances thereunto belong.
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor -L— hereby covenant with said mortgagee
<br />that __t_hey_ are at the delivery hereof, the lawful owner.�_ of the premises above conveyed and described, and are'
<br />seized of a good a ' nd indefeasible estate of inheritance therein, free and clear of all encumbrances, and that --the Y 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 delivered to secure the payment of the sum of
<br />EIGHTEEN THOUSAND NINE HUNDRED AND N01100 - - - - - - - - - - - - - - - - - - - - - - - - Dollars (s 18,900.00
<br />with interest thereon, togother with such charges and advances as; may be duo and payable to said mortgagee under the terms aind
<br />'conditions of the promissory note of even date herewith and secured 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 therein. The terms of said note axe
<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 future advances, are paid in full with interest.
<br />The mortgagor__�._ hereby assign to said mortgagee all rents and Inconie 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 premiums, 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 hereby secured, including future advances. and any extensions or renewals thereof in accordance with the term and 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 fordo 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 acrid 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 WITRFM WHEREOF, said Mortgagors hc, V hereunto not r-, their hands the day and yea'r first above
<br />written.
<br />Don�la,.A. Mast
<br />&
<br />�L:inda A. Mast
<br />16013
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