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MORTGAGE --Savings and Loan Form-4DIrect Credit Plan) 255-2 (Special)
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<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made th1s_____13th October
<br />–day Of 19LM- by and between
<br />DONALD E. KAELIN II AND JEAN A.. KAELIN, husband and wife, each in his and her own
<br />right and as spouse of the other
<br />of Hall —County, Nebraska, as mortgagor_�. and Home Federal Savings and Loan Association of Gran . d Island.
<br />a corporation organized and qxinting under the laws of Nebraska with Its principal office and place of business at Grand Island. Nebraska,
<br />as mortgagee:'
<br />WITNESS&TH:. That said mortgagor_.��_ for and'in consideration of the sum of
<br />TWENTY SEVEN THOUSAND.EIGHT HUNDRED AND N01100 ----- --------------- Dollar. ($ 27,800.00
<br />the receipt of,which is hereby acknow.ledged. do— by these presents mortgage and warrant unto acrid mortgagee, its successors'and
<br />Hall
<br />assigns, forever,*all the following described real estate, situated in the county of
<br />and Stati of Nebraska, to -wit:
<br />..LOT SEVEN (7), IN BLOCK EIGHTY-SEVEN (87) IN WHEELERAND BENNETT'S
<br />FOURTR ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with.all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, stormwinclows
<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 belong.
<br />ing, or in any*jse appertaining, forever, and warran * I the title to the same. Said mortgagor_�_ hereby covenant with said mortgagee
<br />that --the y— are at the delivery hereof, the lawful owner–_Sof the p�remlses above conveyed and described, and are
<br />seized of a gooa. and indefeasible estate of inheritance therein, free and clear of 'all encumbrances, and that --t–he y will warrant and
<br />'a
<br />defend the title.thereto forever against the claims demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to aecuin the payment of the sum of
<br />TWENTY SEVEN THOUSAND EIGHT HUNDRED AND N01100 -------------------- ollarn (s 2 7 . 800.00
<br />with interest thereon, together with such charges- and advances as may be due and payable to said mortgagee under the term and
<br />conditions of the promissory note of even date herewith and secured hereby, exqcuted by said mortgagor -E-- 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 S 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 i� 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 --L- -hereby assign 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 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 paymenti 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 a aid mortgagee in. the collection of sold sums by foreclosure or otherwlBe.
<br />The failure of the mortgagee 1(? -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 -enforcs, strict compliance with all the term , a and provisions of said note and of this
<br />mortgage. %
<br />S
<br />If said mortgagor 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 morlgagor___.�L shall comply with all the provisions of said note and of this mortgage, thin these presents shall be void;
<br />otherwise to remain in full force 'and effect, and said mortgagee shall be entitled to the possession of all of acrid 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 hbreby
<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 />S ve U-4 S oU_ Al .1,
<br />IN WITNESS WHEREOF, acrid Mortgagor ha hereunto not at above
<br />written.
<br />Donald E. Kaelin I
<br />Te —an
<br />A:. Kaelin
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