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MORTGAGE --Savings. and Loan Form --(Direct Credit Plan) 2554 (Special)
<br />0 1091.5 MORTGAGE
<br />Loan No - .
<br />THI I S INDENTURE, made this 13th day I. November 19 75. by and between
<br />DOROTHY E. HEIMBRECHT., a widow
<br />Of Hal I —County, Nebraska, as mortgagor—, and Homo Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with Its principal offico and place of business at Grand Island,'Nebraska,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor—, for and in consideration of the sum of.
<br />TWELVE THOUSAND FIVE HUNDRED AND NO/1.00 – – – – – – – – – – – – – – – – – — – – – – – – – Dollars (S 12 500. 00
<br />the receipt of which is hereby acknowledged, do— by those presents mortgage and warrant unto said mortgagee, its successors and
<br />Ha I I
<br />assigns, forever, all the following described real estate, situatod In the county of
<br />and State of Nebraska, to -wit:
<br />ALL OF LOT FIVE (5) AND ALL OF LOT THREE (3), EXCEPT THE NORTHERLY
<br />FIVE FEET (N 51) OF SAID LOT THREE (3), ALL.IN BLOCK THIRTEEN (13),
<br />IN UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND,ISLAND, HALL
<br />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 name 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 therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the' same. Said mortgagor hereby covenant with said mortgagee
<br />that ';he : i -, , at the delivery hereof, the lawful o%vner— of the premises above conveyed and described, and i S
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that S he— will wa'rrcLnt 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 />TWELVE THOUSAND FIVE HUNDRED AND NO11OO -------------------------- ollars(S 12,500.00
<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 of the promissory note of even date herewith and secured hereby, executed by said mortgagor to said mortgagee, payable
<br />as expressed in'said note, and to secure the performance of all the torms and conditions contained therein. The terms bf 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 �Baid
<br />mortgagor by said mortgagee, and any and all indebtedness In addition to t , he 'amount above stated which sai - d 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 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 intorent.
<br />The mortgagor— hereby assign— to said mortgagee all rents and income arising at any and all times from 'aid property and
<br />B
<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 noces.
<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 prevent 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 sha 11 not be construed as a waiver of its right to assert
<br />the same at any later time, and to Insist upon and enforco strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgagor shall cause to be 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 a aid mortgagor * . shall comply with all the provisions of said note and of this mortgage, then these presents shall be.vold;
<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 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 much default all Items of Indebtedness secured hereby
<br />shall draw Interest at 9% per annum. Appralsement 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 rompoctive parties hereto.
<br />IN -WITNESS. WHEREOF, said Mortgagor ba S hereunto set' her hand S the day and year first above
<br />written.
<br />Dorothy/E. HeImbrecht, a widow
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