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MORTGAGE—Sayings and Loan Form—(Dired Credit Plan) 255-2 (Special)
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<br />MORTGAGE
<br />Lo(m No
<br />27th October 75
<br />THIS INDENTURE, made this day of 19- , by and between
<br />BRUCE L..SCHULTZ AND MARY ANN SCHULTZ, husband and wife, each in his and her own right
<br />and as SDouse of the other
<br />Of Hall —County, Nebraska, as.mortgagor��_ and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation org . anized 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_�a_ for and'in consideration of the sum of
<br />THIRTY EIGHT THOUSAND TWO HUNDRED'AND NOIIOO ----------------------- Dollars (S 38,200.00
<br />the*raceipt 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* Hall
<br />and State of Nebraska, to -wit:
<br />LOT FORTY TWO (42) CAPITAL HEIGHTS SEVENTH SUBDIVISION, OF PART
<br />OF THE EAST 1,362.55 FEET OF,SOUTHERLY 832 FEET OF THE NW,�
<br />SECTION 2, TOWNSHIP'll NORTH, RANGE 10 WEST 6TH P.M., IN HALL
<br />COUNTY, NEBRASKA
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, stormwindo�ws
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the same are now located bn said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaurients and appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor -2— hereby covenant with said mortgagee
<br />that __tho_yLL are
<br />at the delivery hereof, the lawful owner__� of the premises above conveyed and described, and —are
<br />seized of a good a ' nd indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ___t_ho_Y_ 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 />THIRTY EIGHT THOUSAND T140 HUNDRED AND N01100 - - - - - - - - - - - - - - - - - - - - Dollars (s 38, 200. 00
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the ternis and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor -E-- 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 />mortgagorL— 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 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 -L--. 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 keep said property in tenantable condition, or to other chc.rrges 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 no
<br />mannor prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of iho 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 -1— shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the'torms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the term and provisions
<br />thereof, and If said mortgagor S 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 for�e 'cmd 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 annurn. Appraisoment waived.
<br />This mortgage.zhall be binding upon and shall enure to the benefit of the heir.x, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WIfiTESS WHER.EOF, said Mortgagor S --- �a Ve' hereunto set . their hand4.§— thel.,day and year first above
<br />written. // /
<br />'1U/VL1V_C *W - ��_
<br />'Bruce/L. Sithultz
<br />M y Aqn' Schultz
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