|
MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255-2 (Special)
<br />MORTGAGE
<br />0) oqol
<br />Loan No
<br />THIS INDENTURE, made thl . a- I 7th October 75
<br />day of 19 by and between
<br />i
<br />LON D. PETERSEN AND BARBARA J. PETERSEN', husband and wife, each in.his and.her� own
<br />right and as spouse of the other,
<br />of Hal I
<br />—County, Nebraska, as mortgagor -L. and Home Fede�dl Savings and Loan Association of Grcmd Island,
<br />a corporation organized and existing under the laws of Nebraska with Its principal officeland place of business at Grand Island, Nebraska,
<br />as mortgagee;.
<br />WITNESSETH: That said mortgagorS , for and in consideration of the sum of
<br />TWFNTY—hNF THOHSAwn six Higingm Aun wo I i on --------------- --------- oilers (S21,600.9 0
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its successors and
<br />assigns, forever, all the following described real estate, situated in the county of Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT TWO (2) IN BL.00K FIFTEEN (.15) IN AS.'HTON PLACE,'AN ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, ar.id plumbing equipment and fixtures, including stokers and burrers,'Ipereens, awnings, storm windows
<br />and doors, and window shades or blinds, used on or in connection with Paid property, whother'tho 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, h.oreditaments and appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the-aame. Said mortgagor Si hereby covenant with said mortgagee
<br />that ___Jho__y_ are at the delivery hereof, the lawful owner__�& of the prernises above conveyed and described, a I nd are
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ____Vho_Y_ will warrant and
<br />defend the title thereto forever against -the claims and demands of all persons whomsoever.'
<br />PROVIDED ALWAYS, and - this ins'trument is executed and deliver'd to secure the payment of the sum of.1
<br />---------------------
<br />TWENTY-ONE THOUSA14D Six HUNDRED AND 110/100---.0 Dollars (S 21,600200
<br />with interest thereon, together with such charges and advances as may be due and. payable to said mortgagee under the terms and
<br />conditions of the promissory note of "even date herewith and secured -hereby. executed by scrid mortgagor -.2— 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 ihat this mortgage shall also secure any fu : lure advances made 'to said
<br />mortgagor_�__ by said mortgag " and any and all indebtedness in ad , Oition to the amount above stated,which said mortg1agors, or -any
<br />eL
<br />of them, may owe to said mortgagee, *however evidenced, whether by note, book account or otherwise. Tfiis 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 income arising at any and al , I times from sai d i Property and
<br />hereby authorize said mortgagee or iti agent, at its option, upon default, to take charge of said property.'aind collect all rents and Income
<br />.therefrom and apply the same to the payment of interest, principal, insur6nce 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 />ren! assignment shall continue in forcet, until the unpaid balance of said note is fully paid. The taking of possession hereun&r 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 en'forco strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgagor__�__ shall cause� to be paid to said mortgagee th'
<br />o entire amount due it hereunder, and under the tormsiand provisions
<br />of said note hereby secured. including future advancos, and any extensions or renewals thereof in accordance with the !e=z and provisions
<br />thor�of, and if said mortgagor S shall comply with all the provisions of said note and of this mortgage, then' these presentsishall 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, crpd may, at its
<br />opt!6.n, 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 sezured 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 />S
<br />IN WITNESS 'WHEREOF, said Mo'rtgagor L_h,, ve hereunto set the i r hand S the day and year first above
<br />written.
<br />:_�t,-Qn-U. I-eTersen-
<br />uClucif,ci j. reWrsen�--
<br />
|