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MORTGAGE—Savings and Loan Form--�Dlrect Credit Plan) 255-2 (Special)
<br />MORTGAGE
<br />110 7 3 0
<br />Loan No
<br />THIS INDENTURE, made this 3rd day of No�vember I 19_75� by and between
<br />JAMES A. SCHULTZ AND MARY A.'SCHULTZ, husband an d wi i f
<br />_each in is and her'ow'n riaht
<br />and as spouse of the "other
<br />of- Hall s'
<br />County, Nebraska, as mortgagor—, and omo oderal Saving an Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with Its principal of: Ice and place of u . sines, d Wand, Nebraska,
<br />b� 9 a, Gran
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor__��_ for and In consideration of the sum cl
<br />AND N01100 ---------------
<br />,THIRTY TWO THOUSAND
<br />ollars (s 3 �,9�0.00
<br />the receipt of which is hereby acknowledged, do-- by these presents mortga 0 d warrant unto d mortgagee, I te su"ccessors and
<br />assigns, forever, all the following described real estate, situated In'the county Hall
<br />and State of Nebraska, to -wit:
<br />LOT 17, IN MARYLAN8 SUBDIVISION
<br />IN HALL'COUNTY EB SKA.
<br />Together with all heating, lighting,', and plumbing equipment and fixtures, including stokers and burnen, screens aWnin
<br />tL
<br />,�s, storm windows
<br />and doors, and window shades or blinds, used on or In connection with said property, whether the name are now* loca on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenemen s,- he : reditaments cr, d appurtenances thereunto belong.
<br />.Ing, or in anywise appertaining, forqver, and warrant the title to the same. Said mortg goL�_ hereby ovenant
<br />with said mortgagee
<br />that -----the Y are
<br />at tfie delivery hereof, the lawful owner__�s of tho pre on above convey d and described, and -qrp
<br />w1W warrant and.
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and't at ---the X
<br />defend the title thereto forever against the claims and demands of all persons whomiobvor.�
<br />PROVIDED ALWAYS, and this:� instrument is executed and delivered to secure th payment of the sum of
<br />THIRTY T140 THOUSAND AND NO1100 ------------------
<br />- - - - - - - - - - - --- Do: lars iq non, no
<br />with interest thereon, together with puch charges and advances as may be due and payable to said mortgagee under: the terms and
<br />�onditlons of the promissory note of even date herewith and secured hereby, executed by said mortgag r -s to raid mort , gagee, payable
<br />as expressed in said note, and to secure the performance of all the toims and conditions. contained t,horon. 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 no n . ecuro an future advances made to said
<br />ly
<br />mortgagor__�_ by said mortgagec,,and any and all indebtedness in addition to the a nount above s�ta . tei which said m6rt0gors, br any
<br />of them, may owe to said mortgag' pe, 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, uccessors and igns, until all ;amounts secured
<br />hereunder, including future advances. are paid in full with interest.
<br />hereby assign to said mortgagee all rents and income aril Ing at any and 11 times from said ;.property and
<br />The mortgagor I
<br />hereby authorize said mortgagee or its agent, at its option, upon default, -to take ch�rqe of said pro�ert�, and collect all;rents and Income
<br />therefrom and apply the name to the payment of interest, principal, insurance premiunis,1 taxes, assessment , repairs or improvements necos.
<br />sary to keep said property in tenantable condition, or to other charges or payments pr vided for herein in the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance oi said note is fullylp Id. iTho taki�g'ol possession hereunder shall in no
<br />manner prevent or retard said mortgagee In the collection of said sums by foreclosur6 r otherwise.
<br />The fallur I
<br />0 of the mortgagee to assert any of its rights hereunde'r at any time - sha I not be const1rued as a waiver ofilts right to assert
<br />tfie same at any later time, and to insist upon and enforce strict compliance with allj tie.'terms an& provisions of said :note and of this
<br />mortgage.
<br />If said mortgagor S
<br />shall cause to be paid to said mortgagee the entire amount due It hereunder. and under the toftns� and provisions
<br />of said note hereby secured, including'future advances, and any extensions or renewals ih -reof In accordance with the terms and provisions
<br />thereof, cmd if said mortgagor -L.-- �hall comply with all the provisions of said note and�of this mortgage, I I hen these prese�nts'shall be void;
<br />otherwise to remain in full force and effect, and said mortgagee shall.be entitled to t�e�posscsslon of�all �f said property, and may, at its
<br />option, declare the whole of said note and all indebtedness represented thereby to belr�unedfateIy due and payable, and mixy:foreclose this
<br />mortgage or take any other legal action to protect Its right, and from the date of such default all Itemd of indebtednesp, secured hereby
<br />shall draw Interest at 9% per annum� Appraisement waived.
<br />This mortgage shall be bindin4 upon and shall enure to the benefit of the 1 .1'
<br />LOI i3recutors, adr�fnlsVrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S__ha Ve hereunto set the
<br />written. the day ana -year first above
<br />A ChUlt
<br />Al
<br />A 6,4_z,
<br />Mary a./ttiCjjujtz,
<br />
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