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MORTGAGE—Savings, and Loan Form -(Direct 'Credit Plan) 255.2 (Special).
<br />ROGER R. LUDEMANN, a single person
<br />Of Ha 1 1 County, Nebraska, as mortgagor'_, and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation organized anti existing under, the* laws of Nebraska with its principal office and place of business at Grand Island, Nebraska,
<br />CIS mortgagee:
<br />WITNESSETH: That said mortgagor_, for and in 'consideration of the sum of
<br />THIRTY-FIVE THOUSAND ONE HUNDRED AND NO/100-----------------------Dollars (5 19,IQO QOL
<br />the receipt of which is hereby acknowledged, do—. by these presents mortgage and .warrant unto said mortgagee, its successors and
<br />assigns, forever, all .the following described real estate, situated in the county of Hal I
<br />and State of Nebraska, to -wit:
<br />A TRACT OF:LAND COMPRISING A PART OF THE SOUTHWEST QUARTER OF THE SOUTHEAST
<br />QUARTER (SW4SE4) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (II) NORTH, RANGE.
<br />NINE (9), WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTH LINE OF SAID SOUTHWEST
<br />QUARTER OF THE SOUTHEAST QUARTER (SW4SE4), SAID POINT BEING TWO HUNDRED NINE AND
<br />NINETY EIGHT HUNDREDTHS (209.98) FEET EAST OF THE NORTHWEST CORNER OF SAID,:,
<br />SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER (SW4SE4); THENCE CONTINUING EASTERLY
<br />ALONG THE NORTH LINE OF SAID SOUTHWEST QUARTER.OF THE SOUTHEAST QUARTER (SW4SE4)
<br />A -DISTANCE OF ONE HUNDRED FIFTY-TWO (152.0) FEET; THENCE SOUTHERLY PARALLEL.TO
<br />THE WEST LINE OF SAID SOUTHEAST QUARTER (SE -40A DISTANCE OF ONE HUNDRED'EIGHTY,
<br />(180.0) FEET;*THENCE WESTERLY PARALLEL TO THE NORTH LINE OF SAID SOUTHWEST QUARTER
<br />OF -THE SOUTHEAST QUARTER (SW4SE4), A DISTANCE OF ONE HUNDRED FIFTY-TWO (152:0)
<br />FEET; THENCE NORTHERLY PARALLEL TO THE WEST LINE OF SAID SOUTHEAST QUARTER (SE -40A DISTANCE OF ONE HUNDRED EIGHTY (180) FEET TO THE PLACE OF BEGINNING AND
<br />CONTAINING 0.628 ACRES MORE OR LESS. DATED OCTOBER II`, 1973.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, 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
<br />or hereafter placed thereon. „
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto belong-
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor_ hereby covenant— with said mortgagee
<br />that —he— i S at the delivery hereof, the lawful owner_ of the premises above conveyed and described, and j g
<br />seized of a good and indefeasible estate of inheritance therein; free and clear of all encumbrances, and that _he_ 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 />THIRTY-FIVE THOUSAND ONE HUNDRED AND NO/100----------------------Dollars (S 3s� 00
<br />with interest theroon, 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 mortgagor_ to said mortgagee, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditions contained the 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. This mortgage shall remain in full
<br />force and effect between the _parties hereto and their heirs, personal representatives, .successors and assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<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 mortgagee 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 neces-
<br />sary to keep said property in tenantable condition, or to other chargee 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 preventor retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee 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_ 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 terms and provisions
<br />thereof, and if said mortgagor = 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, and 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. Appraisement 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 WITNESS WHEREOF, said Mortgagor _hos--- hereunto- set h i c hands the day and year first above
<br />written.
<br />&WtAAA
<br />o er . Ludemann, single person
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