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MORTGAGE�-Scrvings and Loan rorm--(Direct. Credit Plan) 25&2 (Special)
<br />%�,ICROFIm,,ED
<br />MORTGAGE
<br />0 110
<br />25th November .75
<br />THIS I INDENTURE, made this_ ---------:—day of, 19 by and between
<br />DAVID PI, DETWEILER A14D BARBARA.I. DETWEILER, husband and wife, each in his -and her
<br />own rinht.and as spouse of the other,
<br />Of Hal I - t ounty. Nebraska, as mortgagcr__.�, and Home Federal Savings and Loan Association of Grand Isla . nd,
<br />a corporation organized and existing under the laws of Nebraska with Its principal office and place of business at Grand Island, Nebras ka,
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor -L— for and in consideration of the sum I
<br />TWENTY THOUSAND SIX HUNDRED AND NO/100 - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars (S 201600- On
<br />the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto acrid mortgagee, its successors and
<br />assigns, forever, all the following described real estate, situated in the county of Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT EIGHT (8) IN BLOCK TEN (10) IN UNIVERSITY PLACE, AN ADDITION
<br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, stormwinclows
<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 sADIE, 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 mortgagor S hereby covenant with said mortgagee
<br />that __ t he Y are at the delivery hereof, the. lawful owner__�_ of the promises above conveyed and described, and are
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that —t -he V 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 />TWENTY THOUSAND SIX HUNDRED AND NO/100 -------------------------- Dollars (s 20,600.00
<br />with interest thereon, together with such charges and advances as may be duo 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 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 parties hereto that this mortgage shall also secure any future advances made to said
<br />morlgagor_.�!_ 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, bookaccount 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 S -hereby assign to said mortgagee all rents and Income arising at any and all times from Bald 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 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 acrid note is fully paid. The taking of possession hereunder shall In.no
<br />manner prevent, or retard Bald mo.rtgagee -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 timek 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 mo'rtgagor--.a- 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. cmd 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 interest at 9% per annum. Appraisement 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.
<br />IN WITNESS WHEREOF, said Mortgagor S__1a Ve herounio met
<br />_ti
<br />Tnei r
<br />hand*5 the day and year first above
<br />�2 e
<br />a-rweil,er
<br />-Barbara 1. DeTweiler
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