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MORTGAGE—Savings and Loan Form --(Direct Credit Plan) 255.2 (Special)
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<br />MORTGAGE
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<br />THIS I!4DENTURE, made this I 3th day of November -
<br />19 --M �y and between
<br />J. JOHN E�URNS AND THELMA JEAN BURNS, husband and %qife,�each in his and her own right
<br />and as spouse of the-othe
<br />of - . Na I I —County, Nebraska, an mortgagor S , and Rome Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grand IBlcmd, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor -c; , for and in consideration of the surn of
<br />EIGHT THOUSAND TWO HUNDRED AND NOIIOO---.-- — --------------- ollars (S 81,200, 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 estate, situated in the county of
<br />and State of Nebraska, to -wit:
<br />THE,�EASTERLY ONE HALF (E-L)�OF THE WESTERLY ONE HALF (W -L) OF THE
<br />SOUTHERLY ONE HALF (S -D OF�BLOCK NINE (9),IN WINDOLPHIS ADDITION Td
<br />THE CITY OF GRAND ISLAND,`.NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipmont and fixtures, including stokers and burners, screens, awnings, storm windows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the same are now located on said propert
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the. tenements, horeditaments and appurtenances therounto belong-
<br />ing, or in anywise. appertaining, forever, and -.�arrant the title to the name. Said mortgagor S hereby covenant with said mortgagep
<br />that _t he. y are _ at the delivery hereof, the lawful ownerS_ of the premises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all en*cumbrances, andthat __t_he_.��_ will warrant and
<br />defond.the title thereto forever against the claims and demands of all persons whomsbavor.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the num. of
<br />EIGHT THOUSAND TWO HUNDRED A14D NO/100 ----------------------------- 8,200.00
<br />— Dollars (S
<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 of the promissory note of even date herewith and secured hereby, executed by said mortgagoP_ to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditionn contained therein. The terms of said - note are
<br />hereby incorporated herein by this reference.
<br />It is the inle�tion 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 tb.,) a . mount above stated which said -mortgagors, or CmY
<br />of them, may owe 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 theii heirs, porsonal ropresentativos, successors and assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full��vith interest.
<br />The mortgagor S h6reby assign to said m*prtgagee 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 al3ply the same to the payment of interest, principal, insurance premiums; taxes, assessments, repairs or improvements neces.
<br />sary to keep sai , d property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent assignment phall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no
<br />manner prevenf 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. s
<br />If said mortgagor S 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 terms and provisions
<br />thereof, and if said mortgagor q-. 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 to the possession of all of said property, cmd may, at its
<br />option, declare 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 heieby
<br />shall draw interest, at 9% per annum. Appraisoment 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.
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<br />IN WITNESS WHEREOF, said Mortgagor -5—ha.Ve hereunto set the i r he d7. an year first above
<br />written.
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<br />'Jbhrf_.Burns'
<br />Th
<br />elo Jean Bbrns
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