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MORTGAGE --Savings' and Loan Form --(Direct Credit Plan) 255-2 (Special)
<br />..01108151 MORTGAGE..''
<br />MICROFILMED
<br />Loan No
<br />THIS INDiNTURE, made this Y Of Novembe�r
<br />19L5_ by and between
<br />GORDON �J. BIGGER, JR. AND SHARON -K. BIGGER, husband and wife, each in his and her own
<br />right add as spouse of the other,
<br />of Hall ounty, Nebraska, as mortgagor__�i, and Home 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 Island, Nebraska,
<br />as mortgagee:
<br />.WITNESSETH: That said mortgagorS , for. and in consideration of the sum of'
<br />THIRTY FOUR THOUSAND AND NO1100 -------------------------------- �___Dollars (S 34,000.00
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgagee, its successors and
<br />assigns, forever, all the following described real estate, situated In the county of— Hall
<br />and State of Nebraska, to -wit:
<br />LOT THREE (3), LE HEIGHTS FOURTH SUBDIVISION, COMPRISING,A PART OF THE
<br />EAST HALF OF THE NORTHWEST QUARTER (E!?.NW4!) OF SECTION ELEVEN (11),
<br />TOWNSHI.P ELEVEN (11) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., IN
<br />HALL COUNTY, 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 bl.inds, 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 therounto belong-
<br />ing, or in anywise : appertaining, forever, and warrant the title to the. same. Said m6rtgagor S hereby covenant with said mortgagee
<br />that —t—ho—y— a 17P at the delivery hereof, the lawful ownerS_ of the promises above conveyed and described, and .,9 17P
<br />seized o I a good and indefeasible estate of inheritance therein, freo.and clear of all encumbrances, and that ___±ho_y._ will warrant a nd
<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 FOUR THOUSAND AND NO/100 -------------------------------- llars (S 34 .000. 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 -S— 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 cire
<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 G by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or any
<br />of them, may owo 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_SL_ hereby assign to said'mortgagee 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 apply the same to the payment of-ifiterest, 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 oi 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 this
<br />mortgage.
<br />If said mortgagor cz 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 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 hereby
<br />shall draw Intereal at 9% per annum. Appraisement waived.
<br />This mo'rtgage shall be binding upon and shall enure to the benefit of the heirs, executors, adminiefrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor 5--haVe hereunto met th'e i r hanciS the day and year first above
<br />written.
<br />—ron 1 6161
<br />-Gordon H. blgg(�71
<br />W
<br />Is--
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