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MORTGAGE—Savings and Loan Form—Mirect Credit Plan) 255-2 (Special)
<br />VO
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made thl._� 27th October 75
<br />—day of 19 by cmd between
<br />Robert D. Placzek and Linda S. Placzek. husba'nd and wif parf� An hicz ;�ind hmr ;nwn
<br />ri'ght and as spouse of the other,
<br />f Ha I I
<br />—pounty, Nebraska, as mortgagor Seand Home Fedei al Savings and L6an Association of.Grcmd Island,
<br />a corporation organized and existing uiider the laws of Nebraska with Its principal offico and'place of business at Grand Islatid, Nebraska,
<br />as. mortgagee;
<br />WITNESSETH: That said mortgagq'rS—. for and in consideration of the sum of
<br />THIRTY-THREE THOUSAND TWO HUNDRED AND NO/100-( --------- ------------ 33 200.00
<br />v,ollars %S_ I
<br />a, aTrant unto said mortgagee, its successors and
<br />IHai I
<br />the receipt of which is hereby acknovyledged, do— by these presont4 mortgage
<br />assigns, forever, all the following clesc�ribed real estate, situaied in the county of—
<br />and State of Nebraska, to -wit:
<br />LOT FOUR (4), �`SUBDIVISION OF BLOCK ONE VINE
<br />AN ADDITION TO:THE CITY OF GRAND ISLAND, HALL
<br />Together with all heating, lighting, and plumbing equipment and fixtu'Xos, including a
<br />and doors, and window shades or blirids, used on or in connection with -said property,
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenemonl
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same�. Said mortg(
<br />that- __t_ho_)L_ are , at the ��Ielivory hereof, the lawful ownerl.E of the prern]
<br />seized of a good and indefeasible estate of inheritance therein, free ancl�clear of all on
<br />defend the title thereto forever against. , 'the claims and demands of all p�ersons whomso
<br />PROVIDED ALWAYS, and this iri strument is executed and deliver �d to secure th(
<br />THIRTY-THREE THOUSAND TWO HUNDRED AND NO/1007 ---------
<br />with interest thereon, together with such charges and advances as may: be due and
<br />cond'itions of . the promissory note of . even date herewith and secured ; hereby, execute
<br />as'expressed in said note, and to secure the performance of all the terms and conclitior
<br />hereby incorporated herein by this reference.
<br />It is the intention and agreement 6f the parties hereto that this mortgage shall at
<br />mortgagor S by said mortgagee, and any and all indebtedness - in addition to the a
<br />of them, may owe to said mortgagee, -however evidenced.. whether by note, book accot
<br />force and effect between. the parties hereto and their heirs, personal representatives,
<br />hen -under, including future advances, are paid in full with interest.
<br />The mortgagor S hereby assign! to said mortgagee all rents and income ari
<br />herbby authorize said mortgagee or its agent, at its option, upon default, to take chan
<br />therefrom and apply the-samo to the p�ayment of interest, l5rincipal, insurance premiums,
<br />sar� to keep said property in tenantable condition, or. to other charges or payments prc
<br />rent assignment shall continue in forcq' until the unpaid balance of said note is fully p
<br />maimor prevent or retard said mortgagee in the collection of said sums'by foreclosure
<br />The failure of the mortgagee to dssert any of its rights hereunder at any time sha
<br />the same at any later time, and to insist upon and enforce strict compliance with'all t
<br />mortgage.
<br />If said mortgagozS— shall causc� to be paid to said.mortgagee th . o entire amount
<br />of said note hereby secured, including future advances, and any extension&: or renewals th
<br />thereof, cmd if said mortgagor --9..,- shall comply with all the provisions of said note and
<br />otherwise to remain in full force and effect, and said mortgagee shall bd� entitled to the
<br />option, declare the whole of acrid note.land all Indebtedribas represent ed.thereby to be it
<br />mortgage -or take any other legal action to protect its right, and from the date of muc
<br />shall draw interest at 9% per annum. ,Appraisement waived.
<br />This mortgage shall he binding upon and shall enure to the benefit of the heirs,
<br />the
<br />jespective parties hereto.
<br />.IN WITNESS'WHEREOF, said M:rtgagor s—have hereunto met the
<br />written.
<br />o er D.
<br />Lmda 6. 1
<br />ers and burners, screens, awnings,j s I term windows
<br />,other the same are now ocated on said property
<br />ioreditaments and appurtenances thorounto belong -
<br />r -LL- hereby covenant with saia mortgagee
<br />abolve conveyed; and described, and a re
<br />nbrd : nces, and that _±_he_)L_.wllI 'warrant and
<br />r.
<br />3 yment of the sum of
<br />oollars (S 33,200,' 00
<br />jabl,o to said niortgagee under te.'rnis and
<br />)y . said mortgagor -2— to said mortgagee, payable
<br />contained therein. The terms of: said note are
<br />secure any future advances made to paid
<br />unt above, stated which said mortgagqrs, or any
<br />or citherwise. This mortgage shall remain in full
<br />-essors and cmsigns, until all amounts secured
<br />g at any and all times from said property and
<br />of sbid'property and collect all rents and income
<br />xes,; assessments, repairs or improvements noces-
<br />led for herein or in the note herebi secured. 'This
<br />. The taking of possession hereunder shall in no
<br />otherwise.
<br />iot be construed'as a waiver of its -right. to assert
<br />terms and provisions of said n6to and of this
<br />O:it iiereurider, and under the torm� and provisions
<br />�of In accordance with the tornisland proylalons
<br />this' mortgage, then these presents shall be void;
<br />Maession of all of said property, 'and may, at its
<br />ediately due and payable, and mc�
<br />,Y, foreclose this
<br />lefault all items �of indebtedness socured hereby
<br />mutors, administrators, successors icind assigns of
<br />ban rl the cloy and ear"first above
<br />iczeK
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