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MORTGAGE—Z;avings and Loan Form—Mirect Credit Plan) Z55-2 (Special)
<br />011`1-00 11)
<br />MORTGAGE
<br />j
<br />Loan No
<br />2nd Decemb,r 75
<br />THIS INDENTURE, made ffils day of 19 by and between
<br />LELAND C. MOSSMAN AND BETTY J. MOSSMAN, husband and vjjiife� Ja'�-h 1 n his and he'r own right
<br />and as spouse of the other,
<br />of Hal I
<br />L—County, Nebraska, as morlgagorL_�i. and He r1ederal Savings and1oan Association of Grand Island,
<br />I P,,
<br />I a and ace oi business at GrandIsland, Nebraska,
<br />a corporation organized and existing under the laws of Nebraska with its �prin ". 0 ic
<br />as mortgagee; Lc1p
<br />WITNESSETH: That said mortgagor_.�_ for and in consideration of the sum of
<br />TWENTY-SIX THOUSAND AIJD NO/100-- ------------- --- L—Dollars (S 26, Qgo nn
<br />by these presents mortgage aid warrcmt unto] said mortga§ee.. 'Its successors and
<br />the receipt of which is hereby acknowledged, do
<br />assigns, forever, all the following described real estate, situated in the county o Hal 11
<br />and State'of Nebraska, to -wit:
<br />LOT TWENTY (20), IN BLOCK TWO (2).1. INMEST BaL AIR ADDITION TO THE
<br />CITY OF GRAND ISLAND, NEBRASKA, BEINGIA PART OFITHE WEST HALF OF THE
<br />SOUTHEAST QUARTER 011SEiL4.) OF SECTI-ON TWENTY 20)� N TOWNSHIP ELEVEN
<br />(11) NORTH, RANGE NINE (9) WEST OF THE SIXTH P.M.�, IN HALL COUNTY,�
<br />NEBRASKA.
<br />Together with all heating, lighting� and plumbing equipment and fixtures* including itokdrs and burn6rm, screens, awnings, 'storm windows
<br />and doors, and window shades or blinds, used on or in connection with satd property v�helher the Barno 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 tenemorts, hereditamentsland appurtenances therounto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. 'Said mortc. 'agor' hereby covenant with, said mortgagee
<br />that _11—h. V are , at the delivery hereof, the lawful owner—S.- of the prer Isom �a . boys conv4yed and describe�, and ;=irtz
<br />seized of a good and indefeasible 6stato of inheritance therein, free and clear of all 0 L
<br />cumbran.es, cu�'that __t_h._V__ will warrant and'
<br />defend the title thereto forever against the claims and demands of all persons who 'tever,
<br />PROVIDED ALWAYS, and this instrumen is executed and delivered to secure the payment of the; sum of
<br />TWE14TY-SIX THOUSAND AND NO/Mt — — — — — — — — — — — — — 7 — — — — 7 — — — — — — Jr--77-77=11ars (S 26, 000. 00
<br />with interest thereon, together with:such charges and advances as may be due and �dayablo to said mortgagee under � the terms and
<br />Bcri� mortgagorS to maid mortgagee, payable
<br />conditions. of the promissory note of even date herewith and secured herbby.-execut I
<br />by'
<br />as expressed in said note, and to secure the performance of all the terms and conditio 11s 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 aso pecurle any" future advance's made to said
<br />mortgagor --L— by said morigagee,:and any and all Indebtedness in,addition to the cmount aboyle stated which said niortgagors, or any
<br />of them, may owe to said mortgagee, however evidenced, whether by note, book acco' , 6t or�otheiwime.� This mortgage shall remain in full
<br />force and effect between the parties hereto and their heirs, personal repre entativos, !successor's �and "assigns, until all' amounts secured
<br />s, are paid in full with interest.
<br />hereunder, including future advance
<br />The mortgagor—q— hereby assign— to said mortgagee all rents and income or I Ising at any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon do.fault,-to take cha� Igo of 'said property' and collect all rents and income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiurns� taxes, assessments, repairs or improvements noces.
<br />, . . ' hereln;�or in the note herbby secured. This
<br />sary to keep sold property in tenantable condition, or to other charges or payments pr�' vid d I r
<br />rent assignment shall continue in force until the unpaid balance of said note is fully raid. � Th6 t6king!of possession hereunder shall in no
<br />mannor prevent of retard said mortgagee in the collection of said sums by 'foreclosure I or other4ds'o. J
<br />The failure of the mortgagee to assert any of. its rights hereunder at any time shtill not:be construed as a waiver . of I its right to' assert
<br />the same at any later time, and to insist, upq�j and enforce strict compliance with all he to m and
<br />!m provisions of said: note and of this.
<br />mortgage.
<br />If said mortgagor_:�� ahall,caus6 to be paid to said mortgagee the entire amount due It here , tinder', and undoi the terms and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals tl erepf �in accordance with the terms and provisions -
<br />thereof, and if said mor1gago'r_'cL.._'s'baII comply with all the provisions of said note and of
<br />this mortgage, then these presents shall be void;
<br />otherwise to remain in full force and effect, and maid mortgages shall be entitled to thc� Possession' of all of said property, and may,* at its
<br />6ption, declare the whole of said note and all Indebtedness represented thereby to be fiamedidtely1due and payable, and mcry'foreclos-o this
<br />I
<br />mortgage or take any other legal action to protect its right, and from the date of such*d6fauli all Items of Indebtedneis 'secured hereby
<br />shall draw interest at 9% per annuri3. Appraisoment waived.
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, exec�uto.,, administrators, successo ; ra and ass . Igns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said 'Mortgagor S h. Ve hereunto not the r h,m'd S the day and.y6ar first above
<br />written.
<br />iviossman
<br />M�s`sm'anl
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