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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255-2 (Special)
<br />MORTGAGE
<br />Q10894
<br />Locm No
<br />THIS INDENTURE, made this I Oth day of November 191ZI, by and between
<br />HAROLD.L. JOHNSON, a single pdrson
<br />Of —County, Nebraska, as mortgagor—, and Home Federal Savings and Loan Assocla tion of Grand Islcmd,
<br />a corporation organized and existing under the laws of Nebraska with its principal ofilco, and place of business at Grand Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH:. That said mortgagor for an'd in consideration of the sum of
<br />SIX THOUSA14D THREE HUNDRED AND NO1100 - - - - - - - — — — — — I — — -- — — — — — — — — — — --T)ollars (s 6', 300. 00
<br />the receipt of which is hereby acknowledged, do— by those 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 />LOT ONE (1) IN BLOCK TWELVE (12) IN COLLEGE ADDITION TO WEST
<br />LAWN, IN THE CITY OF GRAND ISLAND, NEPRAS�A.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, includi�g'atokers and burners, screens, awnings, stormwind6ws
<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, hered.itaments cmd appurtenances therounto belong-
<br />ing. or in anywi�e appertaining, forever, and warrant -the title to the name. Said mortgagor - hereby covenant with said mortgagee
<br />that be— 1 S , at the delivery hereof, the lawful owner— of the premises above conveyed and described, and is
<br />seized of a good and indefeasible estate of inherliance therein, free and clear of all encumbrances, and that he— 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 executed and delivered to secure the payment of the sum of
<br />SIX THOUSAND THREE HUNDRED AND NO/100 --------------------------- T)olla,, (S 6,300. 00
<br />with interest thereon, together with such charges and advances as may be duo and payable to said mortgagee under the torras cind
<br />conditions of the promlsso�y note of even date herewith and secured hereby, executed by paid mortgagor to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditions contained therein. The terma 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 />-mortgagor by said mortgagee, and any and all indebtedness in addition to .'he amount above stated which said mortgagors, or. any
<br />of them ' may owe to said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in lull
<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-cind
<br />hereby authorize ' said mortgagee or its agent, at its option, upon default, to -take charge of -said property and collect all rents and Inca 'me
<br />therefrom and apply the same to the payment of interest, principal. insurance premiums, taxes, assessments, repairs or improvements necos'
<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 />rant assignment shall continue in force until the unpaid balance oi said note is fully pald. The taking of possession hereunder shall in no
<br />manner prevent or retard said mortgagee In the collection of said sumB by foreclosure or otherwiso.
<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, arid to'insist upon and enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortg6rgor shall cause to be paid t6 said mortgagee the entire amount.due it hereunder, and under the terms and provisions
<br />of said note hereby secured, including future advctnces;. and any extensions or renewals :thereof in accordance with the terms and provisions
<br />thereof. and if said mortgagor shall comply with all the provisions of said note ctind of this mortgage, then these piesentS 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 be.1-medfately due and payable, and may foreclose this
<br />mortgage or take' any other legal action to protect Its right, and from the date of a . tich default all Items of indebtedness secured hereby
<br />hall draw Interest at 91. par annurn. Appralsoment waived.
<br />This mortgage shall be binding upon and shall enuro to the benefit of the hilr.s,, executors, administrators, succes'sors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor hff' S hereunto xat I the day.and year first above
<br />written.
<br />'Ls
<br />Harold L. John4, a ingle person
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