|
MORTGAGE-�!Savings and Loan Form--mirect Credit . Plan) 255-2 (Special)
<br />oil. MORTGAGE
<br />Loan o
<br />21st November 5
<br />THIS INDENTURE, made this day Of 19-1-L by and between
<br />right and as spouse of the -other,
<br />Of H81 I —County, Nebraska, as mortgagor -.a- and Home Federal Servings 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 Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH:. That sold mortgagor__�_ for cind in consideration of the sum of
<br />THIRTY THOUSAND EIGHT HUNDRED AN'D NOZIOQ --------------------------- ollars (s 3b,800.00*
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto acrid mortgagee, its successors and
<br />assigns, forcier, all the following described real estate, situated In the county of Hall
<br />and State' of Nebraska, to -wit:
<br />LOT ELEVEN (11) IN MEADOW LANE SUBDIVISION, HALL COUNTY,
<br />NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment 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 property
<br />or hereafter placed thereon.
<br />TO HAVE'AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto belong -
<br />Ing, or in anywise appertaining, forever. and warrant the title to the same. Said mortgagor -S— hereby covenant with said mortgagee
<br />that —±-he--y are at the delivery hereof, the lawful owner -5-- of the premises above conveyed and described, and a rP
<br />t
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that __hoY__ 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 />THIRTY THOUSAND EIGHT HUNDRED AND NO/100 ------------- : ------------- Dollars(s 36,800.00
<br />with interest - thereon, together with such charges and advances as may be due and payable to said mortgagee under the teraLs and
<br />conditions of.stho promissory note of even date herewith and secured hereby. executed by said mortgagor S to acrid 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 the intention and agreement of the partie� hereto that this mortgage shall also aecuro any future advances made to said
<br />mortgagor 1, by said mortgagee, and any and all indebtedness in addition to'the amount above stated which said mortgagors, or any
<br />of them, may owe to said mortgagee, however evidenced, whether by note, book7account 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_�L__' 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 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 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 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 t . his
<br />mortgage.
<br />If said mortgagor S 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 said mortgagor__S�_ 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, and may, at its
<br />option, declare the whole of said hole 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 hereby
<br />shall draw interest at 9%G per annum. Appralsement waived..
<br />This mortgage shall be bi riding upon and shall enure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />their
<br />IN WITNESS WHEREOF, said Mortgagor Ve hereunto met hand* the day and year first above
<br />written.
<br />4;ymplows
<br />'ITTO
<br />Tma bi Fellows
<br />
|