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MORT.GAGE--Savings and Loan Form --(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE
<br />Loan No
<br />I 2th November
<br />THIS INDENTURE, made thls� day of 19-1-5 by and between
<br />NIELS� C—McDERMOTT AND VIRGINIA A.' McDERMOTT, husband and wife, and LARRY G.- YOST AND
<br />SHARON K.,YOST, husband and wife, each -in their own rights and as spouses. of the other,
<br />of Hal I. —County, Nebra . ska, as mortgagorl. 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 of business at Grand Island, Nebraska,
<br />as mortgagee.,
<br />WITNESSETH: That said rnortgagor_�_ for. and -in consideration of the sum of
<br />FORTY THOUSAND AND NOIIOO ----------------------------------------- ollars (s 400000,00
<br />the -receipt of which is hereby acknowledged, do____�_ by those presents mortgage and warrant unto said mortgagee, its successors and
<br />assigns, forever, all the following descr . ibed real 'estate, situated in the county Of Ha I I
<br />and State of N6braska, to -wit: Part of the Southeast Quarter of th e Southeast Quarter (SEISEI) of
<br />ection Twenty-one (21), Township'Eleven (11) North, Ranqe Nine (9), West of the46t4h P.M
<br />all County, Nebraska, more particularly described as foTlows: Beg , nning at the,Southea�
<br />orner of Pleasant Home Subdivision, thence running Westerly gn the Southerly line of sa;1d
<br />leasant.Home Subdivision, a distance of Six Hundred Ninety Six Feet (6961) to the actua:1
<br />oint of beginning; Thence Southerly parallel to the Westerly boundary line of Lincoln.
<br />venue a 'distance�of Fifteen Feet (1514 Thence Easterl paralle the Southerly Boundary
<br />ine of Pleasant Home Subdivision a dis ance of FifteenyFeet (151)t;oThence Continuin�
<br />outherly alonq and upon the Westerly boundar� line of Lincoln Avenue a distancesof inety
<br />ive Feet (951�; thence Westerly parallel to he Southerly boundary line of Plea ant Home'
<br />ubdivis-ion a distance of One Hundred Fifteen Feet (1151); thence Northerly parallel to the
<br />esterly Boundary line of Lincoln Avenue a distance of One Hundred Ten Feet (1101) Thence
<br />,�sTerl� alon a d )�.�hetS?y�hy�l� Boundary -line of Pleasant Home Subdivision a.
<br />, s anc of ORe NAN ee 0 o the point of beginning.
<br />Together with 'all heating, lighting, and plumbing equipment * and fixtures, including stokers and burners, screens, awnings, storm windows
<br />and doors, and �vindow s hades 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 SADE, together,with all and singular the tenements, hereditarnents and appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagorS hereby covenant with said mortgagee
<br />that __#.ho_y__L_ at the delivery hereof, the lawful owner_c__ of the premises above conveyed and described, and R EP
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that __t_he)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 THOUSAND AND NO/100 --------------------------------------- ollars (S 40., 000, 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 mortgagora— 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 the 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. Jhis mortgage shall remain in full
<br />force and effect between the parties hereto and their heirs, personal representatives, successors and cissigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />s
<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 said niortgagee 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 neceg.
<br />aary 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 *mortgages 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 -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 term and provisions
<br />thereof, and if said mortgagor ---q— 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, Cmd 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. Appralsement 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 WITNES . S WHEREOF, said MortgagorS liff ve hereunto
<br />written.
<br />C.
<br />Niels U. MUUU11i1U1.1
<br />- -------------
<br />set the i r hand S the day and year first above
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