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MORTGAGE—Sa'vings and Loan Form—(Direct Credit Plcm*) 255-2 (Spe�iol)
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this 24th day of October
<br />19--Z5 i
<br />. bi and between
<br />GALE 0. LARSON AND LYNN LARSON, husband and vife, eachlin'his and her own-riglh't.and as
<br />'spouse of the other
<br />Hall S
<br />of —County, Nebraska, as mortgagor— and Home Fo I dera' Savings and'Loari Associationiof.Grcmd Island,
<br />its principal off c� a . pd place of bu. . siness at Grand, Island, Nebraska,
<br />a corporation organized and existing� under the laws of Nebraska with
<br />as mortgagee:
<br />WITKSSETH: That said mortgagor -E—, for and in consideration of the sum of
<br />THIRTY FIVE THOUSAND SIX HUNDRED AND N01100 ------------- -------- Dollars (S 35 600. 00
<br />the re . celpt of which is hereby acknowledged, do— by these presents mortgage an, warrant unto said mortgageo, its successors and
<br />assigns. forever, all the following described real estate, situated in the county H�11
<br />and State of Nebraska, to -wit:
<br />LOT EIGHT (8) IN BLOPK-D IN PARKVIEW SUBDIVISION LOCATED IN THE
<br />NORTHEAST QUARTER (NE�4) SECTION. TWENTY NIIE.('29), SOUTHWEST'QU4RTER
<br />(SW -:L4-) SECTION TWENTY EIGHT (28), TOWNSHIP
<br />1 NORTH RANGE NINE (9)..
<br />14EST OF THE 6TH P.M.
<br />ding st kers and burners
<br />Together with all hooting, lighting, and plumbing equipmont and fixtures, inclu I
<br />I screens, awnings, storm windows
<br />and doors, and window shades or blinds, used on or in connection with said property, hother 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 tenement hereditaments an, . d appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the name. Said mortga or S - hereby covenant witA I said mortgagee
<br />that _Lhc�_' are
<br />at the delivery hereof, the lawful owner -L of the premises above convoye.11 and described,, and are
<br />6 eized of a good and indefeasible est6te of inheritance therein, freo and clear of all encumbiances, and that iv!II warrant and'
<br />d:p,fond the title thereto forever against the claims and demands of all persons whomsoe
<br />re the
<br />7
<br />PROVIDED ALWAYS, and this instrument is executed 'and delivered to secu _�p t of the sum of
<br />THIRTY FIVE THOUSAND SIX HUNDRED AND N01100 ---------- - - - - Dollars (S 3 5 6 0 0. 0 0
<br />with interest thereon, together with such charges and adv
<br />ances as may be duo and raya�lo to-. said' mortgagee undef. the terms and
<br />conditions of the promissory note of even date heio,,�rith and secured hereby, execut by said mo rtgagor S to said mo'r1gagee, payable
<br />as expressed in said note, and to secure the performance'of all the terms and conditio contained therein. The terms of said note are
<br />h;reby incorporated herein by this reference.
<br />It is the Intention and agreement " of the parties hereto that this mortgage shall also .;sd . cure 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 mo I rtgagors, or any
<br />of them, may owe to said mortgagee; however evidenced, whether by note, book accourt.or!otherwise. This mortgage shall remain in full
<br />force and effect between the parties hereto and their heirs, personal representatives, succes�'ors and assigns, until all F'mounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />The niortgagor-2— hereby assign to said mortgages all rents and income aris' g at any and all times from said . property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charg(.- of said property and collect all rents and income
<br />therefrom and apply the name. to the. �payment of interest, principal, insurance premiums, - sessments, repairs or improvements neces-
<br />cryments provided4or herein or In the note hereby secured. This
<br />sary to keep said property in tenantable condition, or to other charges or p �axas, as
<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 />manner prevent or retard said mortga'gee in the collection of said sums by foreclosure w otherwise,
<br />The failure of the mortgagee to.assert any of its rights hereunder at any time shall not be construed as a waiv r of its right to assert
<br />the same at any later time, and to insist upon and enforce strict compliance with all th. I P
<br />terms and provisions of said note and of this
<br />mortg&go.
<br />11 said mortgagor
<br />_.�_ 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 thel I -eof in accordance- with the terms and provisions
<br />thereof, and if said mortgagor_�� shall comply with all the provisions of said note and qf this mortgage, then these presenis shall be void:
<br />otherwise to remain in, full force and effoct, and said mortgagee shall be entitled to the possession of all of said property, land may'. at its
<br />option, declare the whole of said note and all indebtedness represented thereby to be iminedi'tely due arid payable, and may foreclose this
<br />a
<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 />shi3il 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, administ I rators, successors and assigns of
<br />the respective p arties hereto.
<br />IN WITNESS WHEREOF, said M . ortgagor S___ba Ve hereunto set their ban,]' S the day and�yea� first above
<br />written.
<br />t? - i)?-- T. _'i r
<br />�ty�'n_ Mj7S on
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