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MORTGAGE—Savings and Loan
<br />Plan) 255-2 (Special)
<br />MORTGAGE
<br />THIS INDENTURE, made - thin 28th—day of Novem�er I
<br />KYLE L. HETRICK AND DENICE C. HETRICK,.husband and 11.1ife
<br />right and as spouse'of the other,
<br />Hall
<br />Of ounty, Nebraska, as mortgagor 5i' and Homd. Federal
<br />all
<br />a corporation organized and existing under the laws of Nebraska with I '�ar
<br />Is princip office!
<br />as mortgagee:
<br />WITNESSETH: That said mortgagor S , for and in consideration of the sum :)f
<br />THIRTY–FIVE THOUSAND NINE HUNDREn ANn Njolinn --------- L
<br />the receipt of which is hereby acknowledged, do— by these presents' mortgage and� wa
<br />assigns, forever, all the following. described real estate, situated in the county of– H E
<br />and State of Nebraska, to -wit:
<br />Loan No
<br />19 75 by and between
<br />3 ch in his and her Own
<br />vifigs and Loan Association of Grand Island,
<br />:)Iaco of �usiness at Grand Island, Nebraska,
<br />(S
<br />nt unto. said mortgagco,� its' successors and
<br />A IRACT OF LAND COMPRISING ALL OF LOT FIVE (5)�13LOCK 101(2), SECOND ADUITION TO
<br />HOLCOMB'S HIGHWAY HOMES SUBDIVISION, GRAND ISLAN), HALL COUNTY, NEBRASK . A, EXCEPTING
<br />THEREFROM A TRACT DESCRIBED.AS FOLLOWS:
<br />BEGINNING AT A POINT ON THE I-qORTH LINE'OF�SAID L)T FIVE
<br />(5), 'SA I D PO I NT' BEING
<br />FOURTEEN AND NINE TENTHS (14.9) FEET WESTi�OF THE NORTHEAIST CORNER OF SAID'LOT FIVE
<br />(5), THENCE EASTERLY ALONG.T-HE-NORTH L I NE lul- �)A I 1 11 : I i 7 1
<br />LOT fIVE (5), A DISTANCE OF
<br />FOU RTEEN AND NINE TENTHS (14.9) FEET TO THE NORTIEAST CORNER�OF SAID LOT . F'IVE (5);
<br />T .1 i.
<br />HENCE SOUTHERLY ALONG THE EAST LINE OF SAID LOT FIVE A,DI§TANCE OF.ONE HUNDRED
<br />uoo.b) FEET TO THE SOUTHEAST CORNER OF SAID LOT -FIVE THENCE WESTE,RLY ALONG
<br />THE SOUTH LINE OF SAID LOT -FIVE (5), A DISTANCE (F SEVENTEENAND EIGHTYj�THREE
<br />HUND ' REDTHS (17.83) FEET; THENCE NORTHERLYY' A DIS-AkIE' ONE:HUNDRED ANb TWO
<br />HU14DREDTHS (100.02) FEET TO -THE PLACE OF B'EGINNHG.�;
<br />Together with all heating, lighting, and plumbing equipment and fixtures, includi.1 stokers and'burners, screens, awn : ings; storm windows
<br />and doors and window shades or blinds, used on or in connection With said proper y, wholherl 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 tenon onts , 'bereditamonts and appurtenances thereunto belong.
<br />ing, or in anywise appertaining, forever, and warrant the title to the same�. Said in 'tgaqor hereby covenant with said mortgagee
<br />that __:Lhe_y_ arp , at'the delivery hereof, the lawful owncr__C�_ of the prpnii3es above conveyed and described, and
<br />seized of a good and indefeasible. estate of inheritance therein, free and clear of all encumbr ince.91� and that _±_he_)L_ will warrant arid
<br />defend the title thereto forever against the claims and demands of all persons whor soever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secu�o the pc�ymenit of tho;sum of
<br />TH I RTY–F i N�F THni i_oAmn 'w i NF Hi
<br />INIDREr) AM[) �2110C) ------
<br />�_;Dollars (S .9112c) n_
<br />with interest thereon, together with such charges and advances 'as may be due d pd�ablo to! said mortgagee 'under the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, oxeited:by qai4 mortgagor to said -mortgagee, payable
<br />.1
<br />d in said note, and to nLcure the perf orinance of all the terms iand conddions contained therein. The terns of'.scdd note are
<br />as expresso
<br />hereby incorporated herein by this reference.
<br />It is the InIention and agreement of the parties hereto that this mortgage shall also necure, �any, future advances maide to said
<br />mortgagor S by said mortgagee, and any and all indebtedness In addition to th amount I above stated which said mortgagors,' or any
<br />of them, may owe to said mortgagee, however evidenced, whether by note, boc arwise.' This mortgage'shall remain in full
<br />force and effect between the parties hereto and their heirs, personal repiesentativ�J, su66es�ors and: assigns, until all amounts secured
<br />hereunder, including future advanii.es, are paid in full with interest.
<br />The mortgagor 'S hereby assign to said mortgagee all rents and Income
<br />s g 9 an and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its 6ption, upon default, to take cl -go of sai �ropert and collect all rents and Income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiu�� taxes� an essments, repairs or 1 0 ements neces.
<br />sary to keep said propertyAn tenantable condition, or to other charges or payments provide !forl orein or in the note h=yveccured. Me
<br />rent assignment shall continue in force until the unpaid balance oi said note is full)l pai' 6 ta Ing of possession hqreupder shall in no
<br />manner prevent or retard said moYtgagee in the collection of said sums by foreclosure oi ot e, lee.
<br />The failure of: the mortgages to assert any of its rights hereunder at any timo ihall�not oel construed as a waiver of, its right to assert
<br />the name at any later time, and to' insist upon afid enforce strict compliance with a' Itho, terins and "provisions of raid note and of this
<br />moltgage.
<br />If said mortgagor S shall cause to be paid to said. mortgagee the entire amot n due it hereunder, and under the torms'and provisions
<br />of said note hereby secured, including future advances,.and any extensions or renewals thereof n I accordance with the - I�rm and provisions
<br />said note and of thin mortgage then these prci;ents shall be void;
<br />thereof, and if said mortgagor__S�__. shall comply with all the provisions of I I I
<br />otherwise to remain in full force and effect, and said mortgagee shall be entitled to PoBse3axon o a o sal propo . Y. an may, at Is
<br />option, declare the whole of said 'poto and all indebtedness represented thereby to b fin,modl tely due and payable, and may foreclose this,
<br />mortgage or take any other legal' action to protect Its right, and from the date of 1� tich def �ult all Items of indobtednesq secured hereby
<br />shall draw interest at 9% per annilm. Appralsement waived.
<br />This mortgage shall be bindifig upon and shall enure to the bonefit:of the hel a, executors, administrators, nuccesisors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said ortgagor Ve hereunto set – the fr i --hand S the day 'and
<br />year first above
<br />I Wtn "I
<br />y
<br />e c �Denice C.-Hotrick
<br />C/ P,
<br />
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