|
MORi6AGEL-S�rvings and Loan F'orm—(Dixect Credit Plan) 255-2 (Special)
<br />MORTGAGE.
<br />Loan No
<br />6th Novemb'er .75-.
<br />THIS INDENTURE, made this day Of 19 y and between
<br />GALE 0. LARSON AND LYNN LARSON,-husband and wife, each in his and her own Tight and is s
<br />snouse of the other
<br />Of Hall ounty, Nebraska, as mortgagor S , and Home Federal Savings and Loan Association of Grcmd Island,
<br />a corporation organized and existing under the laws of Nebraska with its principal office and placeof business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSE . TH:. That said morfgagor_�_ for and in consideration of the sum of
<br />THIRTY FIVE THOUSAND SIX HUNDRED AND NO11OO -------------------------- 35 600.00
<br />Dollars (S
<br />the receipt of.-�rhich is hereby acknowledged, do— by these presents mortgage nd warrant unto scrid mortgagee, its successors and
<br />assigns, forever, all the I following described real 6state, situated in the county of Hall
<br />and Stat& of Nekaska, to -wit:
<br />t,OT EIGHT (8), IN BLOCK "D" IN PARKVIE14 SUBDIVISION LOCATED IN THE
<br />NORTHEAST QUARTER (NV,-) OF SECTION TWENTY-NINE (29), AND THE NORTHWEST
<br />QUARTER (NW,-) OF SECTION TWNETY-EIGHT (28), ALL IN T014NSHIP ELEVEN (11)
<br />FORTH, OF RANGE NINE (9),; WEST OF THE 6TH PJf., HALL COUNTY, 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, together with all and singular the tenements, horeditaments cmd appurtenances thereunto belong.
<br />ing, or in anyw'ise appertaining, forever, and warrant the title to the name. Said mortgagor S hereby covenant with said mortgagee
<br />that _t—h. Y are at the delivery hereof, the lawful owner -L -of the premises above conveyed and described, and are
<br />seized of a g ojod and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ___tloy will warrant and
<br />defend the title thereto forever against the claims and demands of all persons wl�cmsoever.
<br />PROVIDED.. ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />THIRTY FIVE THOUSAND SIX HUNDRED AND NO11OO ---------------------- ollars (S 35,600-00
<br />with interest thereon, together with such charges and advances as may be due -and payable to said mortgagee "under the terms and
<br />conditions o,f'.the promissory note of even date herewith and secured hereby, executed by said mortgagorL�_ 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 tho.'intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said
<br />mortgagor�_ by said mortgagee, and any and all indebtedness in addition to; the amount above stated which said mortgagors, or� any
<br />of them, may own 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 mortgagor__�_ -hereby assign— to, said mortgagee all rents and income arising at any and all times from said property. end
<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. This
<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 prevpnt or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee 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 later 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 mortgagor -L— shall cause to he paid to said 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 terms and provisions
<br />thereof, and if said mor1gagqr___L shall comply with all the provisions of said note and of this mortgage, then thes6 presents shall be void:
<br />otherwise to remain in full force and effect, and said 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 represented thereby to he 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 90S per annum. Appraisement 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 WITNESS W11EREOF, said Mortgagor S_Lha__�Le hereunto set their band' S the day and year first above
<br />written.
<br />G 1 0. Larson
<br />`�Larson
<br />Lynn
<br />7-
<br />
|