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MORTGAGE --Savings and Loan Forrh--(DIrect Credit Plan). 255.2 (Spe8al)
<br />MORTGAGE
<br />q S__
<br />'I Loan No
<br />29th 'day oL 0 t b IS-Mi,by and between
<br />THIS INDENTURE, made this
<br />ROBERT A. FROHLING AND.ELIZABETH A. FROHLIZ, husbd-d ndVift, each in his And -her
<br />r
<br />olm right and as spouse of the.other
<br />Of Hall County, Nebraska, as mortgagor�!�, and Home F)d 'ral Savings and-Lban Association !of Grcmd Island,
<br />a corporation organized and existing under the laws of Nebraska with Its principal of(I a afnd place of business at Grand island, Nebraska.
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor -2— for and in consideration: of the sum of
<br />SIXTEEN THOUSAND FIVE -HUNDRED AND N01100 ------------- --- �nollars (S 16,1500.00
<br />the receipt of which is hereby ackno'wledged, do— by 'those presepts mortgage anc� wcr�rrcmt unto� acrid mortgagee, ith successors and.
<br />assigns, forever, all the following d6scribed real estate, situated in tha, county of Hall
<br />and State of Nebraska, to -wit:
<br />LOT FOUR IN BLOCK kNETEEN (1:9) H.G. C1 �RK"'S ADDITION TO THE
<br />CITY OF GRAND ISLAND,' HALL COUNTY., NEBRASDa�.
<br />Together with all hooting. lighting, 'and plumbing equipment and fixtures, including stokor� cmd burners, screens, awninis, storm windows
<br />and doors, and window shades or blinds, used on or in.connection with said property, whether the samd are now located! on said property
<br />or hereafter placed thereon.
<br />�lb � clitaments and appurtenances' thereunto belong.
<br />TO HAVE AND TO HOLD THE. -SAME, together with all and singular the tenements,. ore
<br />s
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Scad mortq gor— hereby covenant with said mortgagee
<br />that --t
<br />he Y ___�!_re .1 the delivery hereof; the lawful owndr--L of the preffil as cibove conveybd and described' and are
<br />seized of a good and indefeasible 6tato of inheritance therein, free and clear of all encumbrances, and that t 110-y— will' warrant and
<br />defend the title thereto forever against the claims and demands of all,porsons whoms' 'ar.
<br />PROVIDED ALWAYS, and this jnstrument is executed and delivered to secure the payment of the sum of
<br />SIXTEEN THOUSAND FIVE HUNDRED AND N6/1oo ------------ - --- ------ Dollars (S 16,500.00
<br />with interest thereon, together with such charges . and advances as may be due and .3ciyablo to said mortgagee unde'r- the terms and
<br />conditions 'of the promissory note 6 . I even date herewith and secured hereby, execute i by! said mortgagor.L_ to said mortgagee, payable
<br />as expressed in said note, and to sa6ure the performance of all the terms and conditions 'contained therein. The terrnn 6f said note are
<br />hereby incorporated herein by this ieferenco.
<br />It is the intention and agreemen! of the parties hereto that this m6rtgage shall al!o secure any future advances' made to. said.
<br />mortgagors by said mortgagee, a'nd any and all indebtedness in a I ddition to tholanoun't above stated which said rn.'Ltigagors, or any
<br />of them, may owe to said mortgage:'e, however evidenced, whether by note, book -ac tnt or otherwise. This mortgage sh all remain in full
<br />force and effect between the parties hereto and their heirs, personal :representatives, ucc6sors and a.�Isigns, until all !amounts secured
<br />hereunder, including future advances'; are paid in full with interest.
<br />The raortgagor__�__ hereby assig-n_ to said mortgagee all rent� and income cui ing!at any and all times from a aid. propert'v and
<br />hereby authorize said mortgagee or, its agent, at its option, upon default, to takd ch�r( a of said property and collect all 'rents and income
<br />therefrom and apply the same to the- payment of interest, principal, i"urance premiurris,1, �axcis, assessments, repairs or im�rovornents neces.
<br />sary to keep said property in tenantable condition, or to other charges or payments rcvIded for herein q'r in the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance oi said note is fully 13' Id. " The taking.of possession horc�,uncler shall in no
<br />manner prevent or retard said mortgagee in the collection of said sums by foreclosum r otherwise.
<br />The failure of the mortgagee to' assert any of' its rights hereunderi: at any time 01 La I not be construed as a waiver of iits right to assert
<br />the qame at any later time, and to insist upon and enforce'strict. compliance with all t a tbrms and pr9vIsIons of said 'note and of this
<br />mortgage.
<br />s
<br />If said mortgagor shall cause to be paid to said mortgagee the entire amount,�due it hereunder, and under the tor6s and provisions
<br />of. said note hereby secured, includincj future advances, and any extensions or renewals 'thereof in accordance with the torn I �s - an - d provisions
<br />thereof. and If said mortgagor S shall compl� with all the provisions of said note an of t�. mortgage, than these presents shall be void;
<br />otherwise to remain in full force and. effect, and acrid mortgagee shall be entitled to the I possession of all of said property, and may, at its
<br />option, declare the whole of acrid note and all indebtedness represent6d thereby to belinimediately due and payable, and �nq
<br />.y foreclose this
<br />mortgage or take any other legal ciction to protect its right, and from the date of such & : fault all Items of indebtedness secured hereby
<br />shall draw interest at 9% par annum. Appraisoment waived.
<br />This mortgage shall be binding'upon and shall enure to the benefit of the helis,'exaciators, administrators, successois and assigns of
<br />the respective parties hereto.
<br />S ve thei r S the day cm� year first above
<br />IN WITNEsS WHEREOF, said Mortgagor __h" hereunto not
<br />written.
<br />Robert'A. Frohli
<br />9
<br />Elizibeth A. Frohling
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