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MORTGAGESav�ngs and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />R
<br />MORTGAGE
<br />0 G 0
<br />Loan No
<br />-31 st tob tj
<br />THIS INDENTURE, made this day of OCtOb
<br />l9 -L5 -'by and between
<br />LARRY GENE ABELS AND JANE DAWN ABELS, husband and wifl h 'in hiq and hpi- nt�n
<br />'right and as spouse of :"fhe other,
<br />of Hn I I
<br />ounty, Nebraska, as mortgagor -s-; and He ral Savings and Loan Association �f!'Gricmd Island,
<br />a corporation organized and existing Under the laws of Nebraska with Ito principal off cc, and place of business at Grand Inland, 'Nebraska,
<br />as rnortgagee:
<br />WITNESSETH: That said mortgager_�i_ for and in consideration of the sum- of
<br />D__U 114 E HUNDERED FIFTY T
<br />�.ENTY-�WQ THOUSAN AND Nn/inn
<br />=Dollars (S-2
<br />the� receipt of which is hereby acknowledged, do— by these prosentq' mortgage an I . I i I
<br />d warrant unto scrid mortgagee, its, successors and
<br />assigns, forever, all the following desciribed real estate, situated in the �ounty o HALL
<br />and State of Nebraska, to -wit:
<br />LOT SEVEN (7), BCOCK ONE M' ISLAND ACRES NUMBER _WO1 (2), A�REPLAT OF�
<br />LOTS ONE (1), TW
<br />0' (2), THREE,B),'FIVE:(5), SIX JUAND SEVEN (7)
<br />ISLAND ACRES CITY OF GRAND ISLAND, HALL COUNTY,
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokars and bumera, screens, awnings, jstor'm' windows
<br />and doors, and window shades or blftids, used on or in connection with, .
<br />or hereafter placed thereon. property, w ether the came are now located on said property
<br />TO HAVE AND TO HOLD THE S . AME, together with all and singular the tenements, hered itaments and appurtenances theretinto belong -
<br />e. Said mortgago S hereby co enant with �alcl- mortgagee
<br />ng, forever, and warrant the title to the cam'
<br />ing, or in anywise appertaini
<br />th _t -
<br />he
<br />at y are , at the delivery hereof, the lawful owner—S
<br />of the premises above conveyed and described, and 9 rtc�
<br />seized of a good and indefeasible estate of inheritance theroin, free and clear of all encumbrances, and that ----tbW— wili 'warrant and
<br />11
<br />defend the title thereto forever against the claims and demands of all persons who,
<br />msoove
<br />PROVIDED ALWAYS, and this ln�strument is executed and delivered
<br />to secure the ayment of the sum of
<br />TWENTY-TWO THOUSAND NINE -HUNDRED FIFTY AND NO1100 ------- L j I
<br />-Donais (s 22.950.- 00:
<br />with interest thereon, together with such charges and advances as may' be due and' paj,ablc� to said mortgagee under -
<br />1he terms an
<br />conditi , ons of- the promissory note of even date herewith and secured hereby, executedl b scrid mortgagor-ri to said mortga*g6e, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditions cintained therein.' The terms of 'said note are
<br />hereby incorporated herein by this reference.
<br />It is the intentibn and agreement of the parties hereto that this mortgage
<br />shall also secure any futu're advances rhc�o to said
<br />mortgagor.a— by said mortgagee, and any and all indebtedness in addition to th . I i - . .
<br />o h o am.oL nt above stated which said. mortg;agors, or any
<br />I t em, may owe to said mortgagee, j'however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full
<br />force and effect between the parties fieroto and their heirs, personal representatives, successors and assigns, until all amounts secured
<br />here . under. including future advances, are paid in full with interest.
<br />The mort gago�_� hereby assign to said mortgageo all rents and inc me at 'any and all times from saia property and
<br />hereby authorIze said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rehts! and income
<br />*therefrom and apply the same to the payment of interest, principal, insurance premiums, t1a es, assessments, repairs or impro�vements neces-
<br />sary to keep said property in tenantable condition, or to other charges or payments provide foi herein or In the note hereby: secured. This
<br />rent assignment shall continue in force' until the unpaid balance of said note is fully pai, . o taking of possession hereunder sh&ll in no
<br />mmme . r prevent or retard said rnortga I gee in the collection of said sums by foreclosure or' I t erwise.
<br />j
<br />The failure of the mortgagee to assert any of its rights hereunder at any time a all n t e' construed as a waiver of its' right to a
<br />I ssert
<br />the came at any later time, and to insist upon and enforce strict compliance with all the orms and provisions of said no!'e cmd of this
<br />mortgage.
<br />If said mortgagor -.a— shall cause to be paid to said mortgagee the entire amount due it he:reunder, and under the terms' and provisions
<br />of said note hereby secured, including fi�turo advances, and any extensions or renewals thereof in: accordance with the terms 'and: provisions
<br />thereof, cmd 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 force and ciffoct. and acrid mortgagee shall be entitled to -the possession ofall of said property, cind may, at its
<br />option, declare the whole of said note and all Indebtedness represented thereby to be imme lately due and payable, and may foreclose this
<br />rhortgago or take any other legal action to protect Its right, and frorfi the date of such delaull 11 Items of indebtedness e"mied hereby
<br />shall draw' interest at 9% per annum. Appraisement waived.
<br />This mortgage shall be binding upon and shall enure to the hanelit of the heirs, tors, administrators, successors i3nd'assigns of
<br />the YosPective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S__ha Ve 'hereunto set th� ve
<br />written. -hand the cloy and yea� flyst abo
<br />z�,
<br />-arr-y
<br />-en
<br />n
<br />an, a n Ape I s;
<br />
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