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MORTGAGE
<br />l Lo= xo`�
<br />THIS INDENTURE,; made thin 29th day of March .'19 75 by and between
<br />GEORGE A. WECKERLE AND CARRIE B. WECKERLE, husband and wife,`each.in.his and.her own
<br />right and as s pouse of the other
<br />Of Hall County, Nebraska, as mortgagor -.L 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 />an mortgagee;
<br />WITNESSETH: That said mortgagor—.E— for and in of the sum of
<br />TWENTY FOUR'.THOUSAND AND NO/100------------------------------------Dollars (S 24,000.00
<br />-the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee, its succeasors and
<br />assigns, forever, all the following described real estate, situated in the county of Hall
<br />and State of Nebraska, to -wit:
<br />the Northerly 12 Feet of Lot 4, and all of' -Lot 2, in Block 24,
<br />'in University Place, an -Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<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 proporty,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 mortgagors hereby, covenant_ with said mortgagee
<br />that t how are at the delivery hereof, the lawful owner- 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 encumbrances, and that e r �_ 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 />-------------------- 24,000.00
<br />TWENTY FOUR THOUSAND AND N0/100------------ Dollars (-
<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 mortgagor_E_ 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 aro
<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 S 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—L- hereby assign to said mortgagee all rents and income arising at any and all times from -Haid 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 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 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 mortgagors shall cause -to 11 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 S• 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 miry 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 MortgagorsVe hereunto not their. j and S the day and year first above
<br />written.
<br />�• ' j zee �.Jc�
<br />KERLE
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