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MORTGAGE --Savings and Loan Form -(Direct Credit Plan) 25S-2 (Special)
<br />OA A
<br />A -A MORTGAGE
<br />October
<br />THIS INDENTURE. made this day Of
<br />Loan No
<br />—.19-2 5 by c:md i>otw*een
<br />LYNN A. LIEBELT AND ROXANNE LIEBELT,-husband and w1fe, each 6h his and her own HQht
<br />and as SDOUse of the other
<br />Of Hal . I County, Nebraska, as mortgagor—S and Home Federal Savings and Loan Association of Grand Islarid,
<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_�__ for and in consideration of the sum of
<br />�I-FTEEN THOUSAND AND NO1IOO____� ------------------------------------ ollar. (S 15,000,00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrcint unto said mortgagee, its successors and
<br />Hall
<br />assigns, forever, all the following described real estate, situated in the county of
<br />N
<br />and State of ebraska, to -wit:
<br />THE SOUTHERLY EIGHTY NINE -AND FIVE TENTHS (89.5) FEET OF THE WESTERLY
<br />FORTY ONE A14D EIGHT TENTHS (41.8) FEET AND THE EASTERLY TWENTY FOUR AND
<br />TWO TENTHS (24.2) FEET OF THE SOUTHERLY NINETY THREE AND SEVEN TENTHS
<br />(93.7) FEET OF LOT FIVE,(5), IN BLOCK TWENTY THREE (23), IN NAGYIS
<br />ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA.
<br />Together wit 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 Home aro now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAT�IE, together with all and singular the tenements, hereditaments and appurtenances thercunto belong -
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor_�_ hereby covenant with said mortgagee
<br />that _±_ho_�_ ;�M_ at the delivery hereof, the lawful owner -a- of the premises above conveyed and described, and are
<br />r eized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that _t -he V 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 />FIFTEEN THOUSAND AND NO1100 ---------------------------------------- 15,000.00
<br />Dollars (S
<br />with interest thereon, together with such charges 'and advances as may be due . and payable to said mortgagee under the terniz and
<br />conditions of the promissory note of even date �erewith and secured hereby, executed by said mortgagor.�_ to said mortgagee, pay able
<br />terms *of so! to are
<br />ac; expressed -in said note, and to secure the performance of all the terms and conditions contained theroin. The d no
<br />hereby incorporated herein by this reference.
<br />It is the Intention and agreement of the parties hereto that this mortgage sh-jil also secure any future advances made to. said
<br />mortgagor_��" by said mortgagee, and any and all indebtedness in addition to'tho amount above stated which said mortgagors, or any
<br />of them, may owo to said mortgagee, however evidenced, whether by note, book -account or otherwise. This mortgage shall remain in full
<br />force and effect I>etween the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured
<br />hereunder, in�luding fufiire advances, are paid in full with interest.
<br />The rnortgagor_�i_ hereby assign to said mortgagee all rents and.income arising at any and all times from said property�cmd
<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. Tbls-
<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 />mannor 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 enforco 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 the entire amount due It hereunder, and under the terms and provisions
<br />of said note hereby secured, -in�Iuding future advances, and any extensions or renewals thereof In accordance with the terms and provisions
<br />thereof, and if said mortgagor-lz-.,- 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, 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 hereby
<br />shall draw interest at 9 Xo per annum. Appraisement waived.
<br />This'm6rtgage 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 />Ve the i r
<br />IN WITNESS WHEREOF, said Mortgagor ��hty hereunto net hand S I e day and year first above
<br />written.
<br />Lvnrr Lii�Zejj-
<br />MQX-dnne LIeDe
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