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MORT&AGE—'�ovinga and Loan Form --(Direct Credit Plan) 255-2 (Special)
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<br />MORTGAGE
<br />011000-9
<br />Loan N
<br />November 5
<br />THIS INDMURE, made this— ]cry Of , 19_2__�- by and between
<br />JON 0. THOMSEN AND PATRICIA I.-THONISEN, husband and wife, each in his and her own 'ri�h
<br />and as.spouse of the other.
<br />Of HALL ounty, Nebraska, as mortgagor -.a. 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 o . I business at Grcmd Island, Nebraska,
<br />as mortgagee:.
<br />WIiIESSE-TH: That said mortgagor -a— for and*in considerat !on of the sum of
<br />FORTY-SIX T HOUSAND EIGHT HUNDRED AND NO1100 ----------------------- ollar. �s46,800.00
<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 Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT TWENTY (20) IN BLOCK TWO (2) IN THE REPLAT OF RIVERSIDE ACRES,
<br />AN ADDITION 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, 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 therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor -.2-- hereby covenant with said mortgagee
<br />that _ _tho %t are _5__ of the premises above conveyed and described, and ;; rp
<br />at the delivery hereof, the lawful owner
<br />seized of a good and indefeasible estate of inheritance therein, freo*and clear of all encumbrances, and that _t___ho_)L_ 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 />FORTY-SIX.THOUSAND EIGHT HUNDRED AND NO1100 ----------------- Ilars (S. 46,800.00
<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 -a-- 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 Us 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_�i_' by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or, any
<br />of them, may :0wo 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 represeiltatives, 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 and
<br />hereby authorize acrid 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 this
<br />mortgage.
<br />11 said mortgagorS 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 he 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, sold MortgagorS--h- Ve hereunto set their anjd_; the day and year first above
<br />written.
<br />on 5en
<br />tlaTricia 1. inomsen
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