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MORTGAGE-LSavings and Loan Form—Mirect Credit Plan) 255-2 (Special)
<br />MORTGAGE �k
<br />01-0706
<br />Loan 0—
<br />THIS INDENTURE, made this 3rd day of. November 1915, . by and between
<br />CHRIS ESPERSEN AND LOLA P. ESPEkSEN, husband and wife, each in his and her oim right
<br />and as Epouse of the other
<br />Of Hall. —County, NebiaBka, as mortgagor—L, and Homo Federal Servings and Loan Association of Grcmd Island,
<br />a corporation 6rganized and existing under the Icnys of Nebraska with its principtil office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH:. That said mortgagor--§— fo.r 0and in consideration of the sum,of
<br />T14ENTY THOUSAND AND N01100 ------------------------- -------------- 20,000.00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its successors 'and
<br />Hall
<br />assigns, forever, all the following described real. 6stato, situated in the county of
<br />and Statd of Nebraska, to -wit:
<br />THE SOUTH WENTY SIX AND FIFTY HUNDREDTHS (26.50) FEET OF LOT
<br />TWELVE (12) AND THE NORTH THIRTY THREE AND FIFTY HUNDREDTHS (33.50)
<br />FEET OF LOT FOURTEEN (14) IN BLOCK EIGHT (8),IN UNIVERSITY PLACE, -AN
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL PUNTY, NEBRASKA.
<br />Together with. all heating, lighting, and plumbing, equipment and fixtures, including stokers and burners, screens, awnings, storm windows
<br />and doors, and window shadc3 or blinds, used on or in connection with said property, whether the same are now located on said property
<br />or hereafter pl.aced thereon.
<br />TO HAVE- AND TO HOLD THE SAME, together, 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 mortga : geo
<br />that are at the delivery hereof, the lawful owner -a— of the p r ernises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance theroin, free and clear of a 1 11 encumbrances, ah1d that y will warrant and
<br />defend the title. thereto forever against the claims *and demands of all persons wl�omsocvor.
<br />PROVIDED ALWAYS. and this instrument is executed and delivered to secure the payment of the sum of
<br />TWENTY THOUSAND AND NO11OO — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — --- nollars (S 20,000.00
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgages under the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mort4agor S 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 />mortgag' or—IL by said mortgagee, and any and all indebtedness in addition to ' the amount above stated which said mortgagors, or dny
<br />of them., may owo to said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain iri full
<br />force and effect between the parties hereto and their heirs, persorfal representatives, succescors and. assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />s
<br />The mortgagor hereby assign— to said mortgagee all rents and income arising at any and all times from said property.a:nd
<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 charges or payments provided for herein or in the note hereby secured. TI -ds
<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 />manner prevent or retard said mortgagee in the collection of said sums by.foreclosuro or otherwise.
<br />The failuro.of the mortgages 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'laler 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 mortgagorS shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms cmd provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof In accordance with the term and provisions
<br />s
<br />thereof, and if'sqid 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 scrid 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 repromonted thereby to Vo 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 annum. Appraisomon.t waived.
<br />This mortgage shall be binding upon and shall- enure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITN . ESS WHEREOF, said MortgagorS__hnV0 hereunto sot their band s the day and year first above
<br />written.
<br />Chris,—Es.pers-ep
<br />La v. tspersen
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