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MORTGAGE—Savings and Loan Form --(Direct Credit Plan) 255-2 (Special)
<br />MORTGAGE.
<br />Loan
<br />THIS INDENTURE. made thIs 2 2 n d - _cj, of October 19 75 by and between
<br />WILLIAM R. BARTUNEK AND KATHLEE14 A. BARTUNEK, husband and wife each in his and her
<br />,own right and as spouse of the other,
<br />of Hall County, Nebraska, as mortgagor_�_ 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 Grand Island, -Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor�_ for and in consideration of the sum of
<br />TWENTY-ONE THOUSAND SIX HUNDRED AND NO/100 — — — — — — — — — — — — — — — — — — — — — — — — :131ollars (S 21 1600-00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said morigagqe. 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 />THE SOUTHERLY SIXTY.:(60) FEET OF LOT FIVE (5) IN
<br />IN.CHARLES WASIAER'S'ADDITION TO THE CITY'OF GRA14D
<br />BLOCK THIRTY (30),
<br />ISLAND, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures. including stokers and burners, screens, awnings, stormwindows
<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 thoreunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said rnortgagor_.�_ hereby covenant with said mortgagee
<br />that
<br />hey a re at the delivery hereof, the lawful owner --a of the premises above conveyed and described, and 9 r t�_
<br />seized of a good and indefeasible estate of inheritance therein, free ' and clear of all encumbrances, and that _±ho—�L_ 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 />TWENTY-ONE THOUSAND SIX HUNDRED AND NOIIOO ------------------------ 21,600.00----:
<br />Dollars (S
<br />with interest thereon, together with such charges and advances as may be due and payablo to said mortgagee under the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor_�i_ 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 sald..noto are
<br />he,eby 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_�__ 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 lull
<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 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 heep 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 of said note is fully paid. The taking of possession hereunder shall in'=7'
<br />manner prevent. or retard said mortgagee in the collection of said sums by for6closure 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 enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />S
<br />If said mo*rtgdgor—. 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 secureil ' 'including future advance�, and any extensions or renewals thereof In accordance with the terms, and provisions
<br />thereof, and if 'said mortgagor___�_, 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% per annum. Appraisement waived.
<br />This me ' rtgag6 shall be binding upon an d shall enure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S___he1V2 hereunto. set' thei r band S the day and year first above
<br />written.
<br />I t am bar une
<br />/A. tiarTunek
<br />,2
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