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<br /> r MORTGAGE-Savings and Loan Form-(Direct Credit Plan) 2$5-2 (Special)
<br /> 76- (101373 MORTGAGE
<br /> •
<br /> Loan No
<br /> 15th March
<br /> THIS.INAENTDRE,",made Mi. day of 19�.by and`b reen
<br /> RAYMOND F. STREHLE AND DOROTHY/STREHLE, husband and wife, and RICHARD J. STREHLE'PND
<br /> LYNN A:: STREHLE, husband and wife, each in his and her own right and as spouse of'the of -r
<br /> } ,.t Ho I I runny,Nebraska,as mortgagor...S....and Home Federal Savings and Icon 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 mortgagor-R.-.for and in consideration of the sum of
<br /> FOURTEEN THOUSAND AND NO/100
<br /> tfollars (S 14,000.00 )
<br /> . the receiptof which is herebyacknowledged.do_by thew presents mortgage and warrant unto said mortgagee. its successors and
<br /> assigns. forever,all the following described real estate,situated in the county of Hai I 33
<br /> jj and State of Nebraska,to•wie ##
<br /> t 233
<br /> LOT EIGHT (8) IN BLOCK ELEVEN (II) IN H. G. CLARK'S ADDITION TO THE CITY OF GRAND i{£
<br /> j##
<br /> 3 ISLAND, NEBRASKA
<br /> i£ 111
<br /> .,,:-'..:, "' f ..
<br /> 1
<br /> :,
<br /> -., Together withall heating, lighting. and plumbing equipment and fixtures including stokers and burners.insane,awnings,storm windows
<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 5-j
<br /> r jj or hereafter placed thereon. jj
<br /> 11 TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements,hereditaments and appurtenances thereunto belong. S;
<br /> d yj ingor in anywise appertaining.forever,and warrant the title to the same. Said mortgagor=hereby covenantwith saidmortgagee
<br /> trv _ j
<br /> : t that t het_ are at the delivery hereof,the lawhd ownerb,.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 eneumbrtt••ces.and that-fi
<br /> e Y will warrant and i
<br /> =defend the title thereto forever against the claims and demands of all persons whomsoever. S ..s
<br /> j i
<br /> ' j PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of }
<br /> j
<br /> j FOURTEFN THOUSAND ANn NO/100 -none (, 14,p00 no 1,
<br /> with interest thereon.together with such charges and advances as may be due and payable to said mortgagee under the terms and f
<br /> I conditions of the promissory note of even date herewith and secured hereby,executed by said mortgagor_to said mortgagee•payable tj
<br /> j as expressed in said note,and to secure the performance of air the terms and conditions contained therein. The terms of said note are {
<br /> j hereby incorporated herein by this reference. j
<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.-:_s_by said mortgagee,and any and all indebtedness in addition to the amount above staled 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 lull t
<br /> t force and effect between the parties hereto and their heirs,personal representatives. successars and assigns. until all amounts secured S
<br /> ' hereunder,including Sonne advances,are paid to full with interest ji
<br /> The mortgagor_- hereby cosign._to said mortgagee all rents and income arising at any and all times from said pt.,,,n1y and 5-3
<br /> ff hereby authorize said mortgagee or its agent at its option,upon default,to take charge of said property and collect all rents and Income j
<br /> j, therefrom and apply the some to the payment of interest,principal,insurance premiums,taxes.assessments repairs or ion i1
<br /> i{j sant to keep said property in tenantable condition.or to other charges or payments provided for herein or in the note hereby secured.n 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 /> t j' manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise. 1
<br /> 3 3
<br /> , The falure of the mortgagee/4o rises&any`af''its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br /> r the same at any later time.and to foudisFupotrancUrnifotos strict compliance with all the terms and provisions of said note and of this
<br /> j » _
<br /> S H said mortgagor---5-shall cease to be paid to sold mortgagee the entire amount due 1t hereunder,and under the teras and provisions
<br /> } of said note hereby secured including fume advances,and any extensions or renewals thereof in acmrdanoe with the terms and provisions
<br /> o' thereof,and if said mortgagor S._shall comply with all the provision of said not and of this mortgage,then thew presents shalt be void;
<br /> I otherwise to remaa in:in fall forand et=and said mortgagee shall be entitled to the possession of all.of said property,and may,at it
<br /> j option,declare the whole of said note and all indebtedness represented thereby to be immediately due and payable.and may foreclose this i , ..
<br /> j{ mortgageor intereany st other legal.unison m protect its gh and from the date of such default all items of indebtedness secured hereby i ;
<br /> *Ty fanned. Appralsemeni
<br /> iS} This mortgage shall be binding upon and shall enure to the benefit of the heirs•executors,administrators.successors andof 4 4
<br /> t the respective partied hereto.. assigns
<br /> IN WITNESS warzEor. said Mortgagors u.. Veb te set their t.,.vd_Z the day and year firer above Von,..
<br /> I written. 7
<br /> 1Ra nes F. Strehle Richard J. Strenle � /
<br /> w �
<br /> n A Strehie
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