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<br />MORTGAGE—Savinas and Loan Form—Mirect Credit Plan) 255-2 (Special)
<br />010679
<br />MORTGAGE
<br />Loan No—
<br />Noveiitber 75
<br />THIS INDENTURE, made this 3rd dory Of 19— by cmd between
<br />OWEN G.:.BENSON AND NINA F. BENSON, husband and wife, each in his and her oum right
<br />and as spouse of the other
<br />Of Hall ----County, Nebraska, as mortgagor�_ and Home Federal Savings and Loan Association of Grand Islc * md,
<br />a corpoTation organized and existing under the laws of NobraBkc: with its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor_.�_. for and in considercifion of the sum of
<br />T14ENTY EIGHT THOUSAND EIGHT . HUNDRED AND N01100 --------------------- Dollar. (S .28,800.00
<br />the receipt of which is hereby acknowledged, do— by those presents mortgage and waTrant unto said mortgagee, its successors and
<br />assigns, forever, -all the following descr . ibed real estate, situated in the county of Hall
<br />and State. of I�obraska, to -wit:
<br />LOT SIX (6) IN BLOCK -ONE HUNDRED T14ENTY FIVE (125) IN UNION
<br />PACIFIC RAILWAY COMPANY'S -SECOND ADDITION TO THE CITY OF
<br />GRAND ISLAND, NEBRASKA.
<br />Together with 'all heating, lighting, and plumbing 'equipment and fixtures, including stokers cmd burners, screens, awnings, stormwindows
<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 hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, togethe r with all and singular the tenements, hereditaments and appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor—L hereby covenant with said mortgagee
<br />that ___tho_y are at the delivery hereof, the lawful ovnefi— of the premises above conveyed and described, and .1,rp
<br />seized of a good and indefeasible estate of inheritance therein, free . and clear of a . II. encumbrances, and that -_ t hey 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 ekecuted and delivered to secure. the payment of the sum of
<br />WENTY EIGHT THOUSAND EIGHT HUNDRED AND NO11OO - - - - - - - - - - - - - - - - - - ollars (S 28,800.00
<br />with interest thereon, together with such charges and advances as'may be duo and payable to said mortgagee under the terms and
<br />conditions of the prom . issory note of even date herewith and secured hereby, executed by said mortgagor --L-- 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 incorpo�Fted 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 s I old
<br />mortg6gor__L_.by said mortgagee, and any and all indebtedness in addition to the amount above stated wl-dch said mortgagors, or any
<br />of them, may 9wo 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 mortgc�gor_�__ hereby assig 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.�pply the same to the payment of hiforest, principal, insurance premiums, taxes, assessments, repairs or -improvements neces-
<br />sary to keep sa ' I . d.proporty 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 ii.npaid balance of said note is fully.paid. The taking of possession.he.rounder shall in no
<br />manner preve'nt or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failurd of the mortgagee to astiort any of'its rights hereunder at any time'shall not be construed as a waiver of.' its right to assert
<br />the some at any later time, and to insist upon and enforca, strict compliance with all. the terms and provisions of said note cmd of this
<br />mortgage.
<br />If said moitgagor_�L_ shall cause to be paid to s . aid mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby secured, including future advances; and any extensions or renewals' thereof In accordance with the jorm and p�rovislons
<br />thereof, cmd if: said mortgagor__�_ 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 effect; and said mortgagee shall be entitled t6.tho possession of all of said property, and may, at its
<br />option, declam 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 95o per annum. Appraisomont waived.
<br />This mortgage shall be binding upon and shall onure to the benefit of the heirs, executors, administrators, succosso . ra and assigns of
<br />The respective parties hereto.
<br />s ve their
<br />IN WITNESS WHEREOF, said Mortgagor f—ha---:- horounto mot band S the dcry and year first above
<br />written.
<br />OwAr
<br />�G. Benson,
<br />Nina F;. Benson
<br />
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