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MORTGAGE—Savings and Loan. Form—Mirect Credit'Plan) (Special)
<br />MICRORINIED
<br />MORTGAGE
<br />0 1 06,-'u, 0
<br />Loan
<br />THIS IND , ENTURE, made this 24th dcry Of October', 19-25—, by and between
<br />DAVID A.'.HERMAN AND PATRICIA HERMAN, husband and wlle, each in his and her own right.
<br />and as .9� ouse of the other
<br />P
<br />Hall'. S
<br />of ounty, 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 mortgagorS for and in consideration of the sum . bf
<br />T14ENTY NINE THOUSAND AND NO11OO ------------------------------------- ollam (s 29,000.00'
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its successors and
<br />r, Hall
<br />assigns, foreve all the following described real estate. situated in the county of
<br />and State, of Nebraska, to -wit:
<br />LOT THIRTEEN (13) IN ROSS HEIGHTS SUBDIVISION IN HALL COUNTY,
<br />NEBRASKA.
<br />Together with. all heating, lighting, and plumbing equipment and fixtures, including stokers and bumers, screens, awnings, storm windows
<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 horeaftor pla ced thereon.
<br />TO HAVE, AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances therounto belong.
<br />Ing, or in anyw.ise appertaining, forever, and warrant the title to the same. Said mortgagor_.�_ hereby covenant with said mortgagee
<br />that _t he y are at the delivery hereof, the lawful owner -_§of the promises above conveyed and described, and are
<br />t
<br />eized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that --he Y will warrant cmd
<br />rdefend 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 />WENTY NINE THOUSAND AND N01100 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars (s 29,000.00
<br />wilh 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 said mortgagor_.�_ 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 that this mortgage shall also secure any future advances' made to said
<br />mortgagor -S by said mortgagee, and any and all indebtedness in addition to the amount above stated which said morigagors, or a . ny
<br />-of them, may owo to said mortgagee, however evidenced, whether by note, book -account or otherwise. This mortgage shall remain In. I . ull
<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 lull with interest.
<br />The mortgagor -L-- hereby assign to said mortgagee all rents and income arising at any and all times from said property and
<br />hereby authorize - said mcrtgagee or its agent, at its option, upon default, -to take charge of said property and collect all rents and income
<br />thcrof rom and apply the same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements neces.
<br />Bary 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 unpaid balance of said note is fully pald. 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 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 />If said mortgagor -.2— shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the forms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof In accordance with the terms and provisions
<br />thereof, and If ' said mortgagor --L- shall comply with all the provisions of said note and of this mortgage. then these presents shall be Vold,
<br />otherwise to remain in. full force and effect, and scrid 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 cmy other legal action to protect its right, and from the date of such default all items of indebtedness secured h9reby
<br />shall draw interest at 9% per annum. Appraisoment waived.
<br />This moriga, go shall be binding upon and shall onure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective pqrtlei hereto.
<br />IN WITNESS* WHEREOF, said Mortgagor L -ha V11 hereunto set t he ir '--hand the dcry and year first'above
<br />written.
<br />a A. Herman
<br />V
<br />Vatricia A. Herman
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