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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255-2 (SDecial)
<br />MORTGAGE
<br />il,11CROFif
<br />0 11 0 ell, 0 _1 Loan No
<br />THIS INDENTURE, made thii I I Ith day of October 75
<br />19 �y-and between
<br />CHARLES L. McNULTY AND:CAROL J. McNULTY, husband and wi'fe, each in his and he�r' own
<br />.right and as spouse of -the other,
<br />Of Hall ro—ty, Nebraska, as mortgagora—, and Home Federal Savings and i�oqn Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with Its principal office and place of bus:1ness at -Grand Isiand, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgaqor____q_ for and in. consideration of the sum of
<br />TWENTY-SEVEN THOUSAND AND NO1100 -------------- — --- ------------- ZDollars -.00
<br />27,000
<br />the receipt of which is hereby acknowledged, do— by those presents mortgage and -warrant unto said mortgagee, its Isucc ssors 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 SEVEN (7) IN VIRDEN SUBDIVISION TO THE'CITY OF GRAND
<br />NEBRASKA.
<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 blir : id�-, used on or in connection with said property, whether the same are now located on said property
<br />orhoreafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, he'redilaments cmd appurtenances tiliereunto belong-
<br />ing, or in anywise appertaining, forevdr, and warrant the title to the satne. Said mortgagor' hereby covenant with Isald mortgagee
<br />that --t—he are I
<br />at the:dolivery hereof, the lawful owner -3— of the premises above conveyed' and described, and a 17(:�
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and thpt _±_he_Y_ will warrant and
<br />deiend the title thereto forever againsi the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this iAstrument is executed and delivered to secure the payment of the sum of
<br />TWENTY-SEVEN THOUSAND A . ND NO/100 ---------------------------------- ollarB (S 27,000!00
<br />with interest thereon, together with sti6h charges and advances as may be due and payable to,. said mortgagee under theAerms and
<br />conditions of the promissory note of 'even date herewith and secured'hereby, executed by,said mortgagoi S to said mortgagee, payable
<br />as -expressed in said note, and to secure the performance of all the torm� 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 />mortgagorfi— by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mort ; gagors, 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 times from saia property and
<br />hereby authorize -said mortgagee or its agent, at its op!ion, upon default, to take charge of said property and collect all r�nts and income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiums, t , axes, 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 unpai& 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 tlta� niortgageo to assert any,of its'rights hereunder at any time shall nol be construed as a waiver of its right to assert
<br />the. same at any later'time, and to insist' up6xi and' enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgagor_.�._ shal, 1, caus�e tbA?e paid to.'said mortgagee the entire amount due:it hereunder,
<br />and under the terms and provisions
<br />of said note hereby secured, including future advaricos, and any extenslons.or renewals thereof In accordance with the terms: and provisions
<br />the ' icof, and if said mortgagor S . shall comply with all the provisions �.f said note and of this mortgage, then these presents shall be void;
<br />otherwise to remain in full force and 6ffoct. and said mortgagee shall b4 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 'socured hereby
<br />shall draw interest at 9% per annum. ';'Appralsement waived.
<br />Th ' is mortgage shall be binding upon and shall enure to the beneilt of the heirs, -executors, administrators, successor's 'and assigns of
<br />the- respective parties hereto.
<br />.IN WITNESS*. WHEREOF, said M6rtgagorS___ha Ve hereunto met their hand 5 the day and year first above
<br />written.
<br />M—MO
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