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MORTGAGE-�Savings and Loan Form-Mirect Credit'Plan) 255-2 (Special)
<br />MORTGAGE - -
<br />O.t -1 _1 2 5 Loan No
<br />THIS INDENTURE, made this 26th day of November 75
<br />19- by and between
<br />STEVEN R. HAMELOTH AND CONSTANCE-HAMELOTH, husband and wife, each in his and her own
<br />right and as spouse of the other
<br />of Hall
<br />County. Nebraska, as mortgagor --E. and Home Federal Savings and Loan Association of Grand Islcmd,
<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 -Li- for and in consideration of the sum of
<br />T14ENTY THREE THOUSAND AND NO11OO -------------------------- 23,000.0
<br />- - - - - - - - - Dollars (S O -L
<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 TEN (10), BLOCK EIGHT (8) INHARRISON'S SUBDIVISION
<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, stormwindow�s
<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, horeditaments and appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor -a--- hereby covenant with said mortgagep
<br />that --t he Y are
<br />at the delivery heroof, the lawful owner -L of the premises 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
<br />hey will warrant and
<br />defend,tho title thereto forever agaihst 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 THREE THOUSAND AND NO11OO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4)ollars (S-- 91 000 nn
<br />with interest thereon, together with such charges and advances as may be due and payable to said: mortgagee unaor the terms and
<br />co nditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor -L- 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 />mortgagor__�!_ by said mortgagee, and any and all indebtedness in addition to ths amount above stated which said 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 interest.
<br />The mortgagor_�L_ 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 interest, principal, insurance pTemlums, 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 />mannor 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 s shall cause to be paid to said mortgagee the entire arnou�t 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 term 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 her'eby
<br />shall draw interest at 9,lo 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 2 --ha Ve hereunto not their hand the day and year first above
<br />written.
<br />Lo k
<br />S,�even R. Hame oth
<br />Constance Ham6loth
<br />6-71
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