|
r
<br />v5,
<br />MORTGAGE
<br />THIS INDENTURE, made this- _19th._ __.__.... day of October. to $5 . by and between
<br />KENNETH P. SLOUGH AND JOAN M. SLOUGH,_ HUSBAND -AND IJIFE ----
<br />of Ha ! 1 _ County, Nebraska, as mortgagor — S ___ and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the laws of the United States of America with its principal office and place of business at Grand Island, Nebraska, as
<br />mortgagee;
<br />W['rNESSETH: That said mortgagor__S_______, for and in consideration o f t he sum of _FIVE THOUSAND IEN 01711 L iRS
<br />-- AND.5��Q0_. -- -- — _- _- ___- - - -__- n-------------- -- ---- Dollars($- 5010 50 - - - -I.
<br />the receipt of which is hereby acknowledged, do —_ ____ —_ by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />forever, ail the following described real estate, situated in the County of
<br />and State of Nebraska, to -wit:
<br />LOT TWENTY NINE (•29) IN SADDLE CLUB SUBDIVISION IN HALL COUNTY, NEBRASKA
<br />Together with all heating. air conditioning. lighting, and plumbing equipment and fixtures, nclud;ng screens. awnings. storm windows and
<br />doors, and window shades or blinds, used on or to connection with said pmpa•rty, whether one same are now located on said property or hereafter
<br />placed thereon.
<br />To HAVE•. AND TO HOLD Tlil' SAME together with all and singular the tenements. heredetaments and appurtenances thereuntn be.
<br />longing, or in anywise appertaining, forever, and warnrnt the title to the same `;aid motgagorS hereby cove•nanl with said
<br />mortgagee that t hey are at the deiv, ery 6en.. f. the lawful ,.net S of the premises nhove conveyed and described.
<br />end. are setaed of a good and indefeasible emitte of inheritance therein, free and rie•ur of all encumbrances. and that the j wdl
<br />warrant and defend the Lille thereto forever ngamst the rlauns and demaads of all persons whomse pea -er
<br />PROVIDED ALWAYS• and this mstrurnent isecectiteil and debvered to rerun• the payment of the sum of FIVE THOUSAND
<br />TEN DOLLARS AND 501100 ----------------------- - - - - -- i,nuar.ls5,010.50
<br />with interest thereon, together with such charges and advances as may br due and pay able to said mortgagee under the terms and condition,
<br />of the promissory note of even date herewith and secured hereby, ext —led h.v said mortgagor 5 to ,aid mortgagee, payable as —p--d
<br />in said note, and u, secure the performance of all the teens and condition.. contained thereat The terms of said note an• hereby incorporated
<br />herein by this reference.
<br />It is the intention and agroement of oho! parties hereto that this mortgage shall alw, serum any future advancra made to said mortgagor S
<br />by said mewtgagm. and any and all indebtedness on addition to the amount abo— staoed whwl. said mortgagors. or any of them. may owe to
<br />mid mortgagee, Miwe•vet evidenced. whether by note. book account or otherwise '['his mortgage shall remain in full force and efhct taawe•n
<br />the panws hereW and their hem, personal repn•se•ntauves. sucrrssors and assigns, until all amounts %4s nil he•rt-under• including f ltum
<br />acivunces, are paid in ful! with interest.
<br />The mortgagor $ hereby assign to said mortgagee all netts and income arising at any and all time, from said pnele•rty and
<br />heeby authorize said mortgagee or its agent. at its option, upon default. to take rharga of said property and collect all rents and income
<br />therefrom and apply the same to the nayment of interest, principal, insurance premmma. taxes, assessments. mpmrs or unpruven,e•nts
<br />nao rmary to keep acid property tit tenantable conditbn, or to other charges or payments provided for herein or in the mote hereby secured. 'Phis
<br />rent aaaignerent shall rontinue in force until the unpaid balance of said note is fully paid The taking of jwe session hereunder shill in no manner
<br />prevent or retard said rmwtgagee in the collection of said sumo: by force losure w of hrewose
<br />The failure of the mortgagee to assort any of its rights hereunder at any time %hail not he ronstruetl as a waiver of its right to assert the
<br />same at any Islet lime, and to insist upon and enforce r.tro-1 romphance with till the terms and provutons of said note and of this mortgage
<br />If mid nwrtgagur S shall cause up he paid to said morl.gagee the enure amount slue it hereunder, and uudrr 11", terms and pn,vt, inns
<br />of said dote hereby secured, including future advatires. and any exleem,uins ur renewals thenet in accordance with the• tern, and provisions
<br />thereof, and dead mortgagor S shall comply with all the prrvtoons of said note and of this mortgage-, then the-we presents shall he sold,
<br />othemise tv remain in hull force and eHact, and sad mortgagee shall he entitled w the toase•ssion of all of said property, and nwy, at it.s ,itil am
<br />declare the whole of said mote and a0 ut"Al dnims trpres rated thereby to he untmsfistely due and payable, and may fors9ose• this na,rtgape
<br />fw tale any other le" action to protect h'.a right. Appraiseme•nt waived
<br />This rm,rigage shall liv binding ulon and shall enure to the ta•nrfit of the heir,, r, u:np••. aelnunis!raetors ,tie vs • and assigns ei It,,
<br />re pextive patties hereto
<br />1[h W II'Y74ti tVHFII E,U h', said Morgaagor S ha V(.' mreun,e al thelh' „and ih. d•p spud ,u br•.t %bee,
<br />ser it
<br />?4
<br />M
<br />
|