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MORTGAGE—Savings and Loan Form---fted Credit PlaW 255.2 (Spedcd)
<br />0-10336 MORTGAGE
<br />Loan
<br />&'2
<br />THIS INDENTURE, made ffiw---z Of October 19-15 by and be'
<br />t7ve'en
<br />t
<br />STEVEN, E. KRUPSKI.AND KATHLEEN M. KRUPSKI, husband'and wife,- each in his and her owh
<br />right and as spouse of the other,
<br />Of Ha 1 1.
<br />County, Nebraska, as morigagor-L. 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 Grcmd Island; Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor.�_ for and in consideration of the sum of
<br />SIXTEEN THOUSAND NINE HUNDRED AND NO/100 ----------------------- 7--- Dollar, ($ 16,900. 00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrcmt 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 Nebraska, to -wit:
<br />LOT ELEVEN (11) OF JONES ADDITION TO'THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA, AS SURVEYED, PLATTED AND RECORDED.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, storm windows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the some are now located on said property
<br />or hereafter placed thereon.
<br />TO HA�E AND TO HOLD THE SAME, togethe�r with all and singular the tenements, hereditaments and appurtenances thereunto belong -
<br />S
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor hereby covenant with said mortgagee
<br />that __�Lhoy_ - ;:i r P_ at the delivery hereof, the lawful owner -c_- of the promises 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 —±-ho--Y— will warrant land
<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 />SIXTEEN THOUSAND NINE HUNDRED AND NO/100 -----------------------
<br />.11.r. (S 16,900-2-0---L),
<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�L_ 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 />ho-reby 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 -a—, 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_L_ hereby assign to said mortgagee all rents and incorne 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 oi 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. a
<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 a�y 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 rnortgagor_�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 terms and provisions
<br />thereof, and If said mortgagor__5�,_- 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 and 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 note and all Indebtedness represented thereby to be Immediately due and payable, and may foreclose this
<br />mortgage or t6ke any other legal action to protect its right, and from the dale of such default all Items.of indebtedness secured hereby
<br />shall draw interest at 9% per annum. Appraisoment waived.
<br />This mortgage shall be binding upon and shall enure to the benefit of the h eirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS, WHEREOF, said -Mortgagor �i_ha_Ve hereunto set their hand S the day and year first above
<br />written.
<br />�)Teven t. KruPSKI
<br />NaThleen M. Krupski
<br />5?
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