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e MORTGAGE—Savinas and Loan Form --(Direct Credit Ply 255-2 (Speclal) MORTGAGE 'unto Loon No THIS INDENTURE, made thlw day of Ap r i I 197-5 by and between ARLON G KRUEGER AND EVELYN J KRUEGER, hushand and wifa, aarh in hic and hrmr nwn 3 right and as spouse of the other; Of Hall county, Nebraska, as mortgagor-., and Rome Federal Savings. and Loan Association of Grand Island, a corporation organized and existing under the laws of Nebraska with Its principal office and place of business at Granit Island, Nebraska, as mortgagee: I I WITNESSETH: • That said mortgagor_S_ for and in consideration of the sum of THIRTY-TWO THOUSAND AND NO/100--------------------=---------------ware (s i?,ons nn t, the receipt of which is hereby acknowledged, do_ by these presents mortgage and warrant unto said mortgagee, its successors and assigns, forever, all the following described real estate, situated in the county of Hall and State of Nobraska,.to-wit: A TRACT.OF LAND IN THE NORTHEAST CORNER OF THE NORT44WEST QUARTER OF SECTION 33, TOWNSHIP 10 NORTH,. RANGE,NINE (9) WEST OF THE 6TK P.M. DESCRIBED AS COMMENCING AT THE NORTH QUARTER _CORNER OF SAID SECTION 33, THENCE SOUTH ON THE HALF SECTION A DISTANCE OF 500 FEET, THENCE WEST AND PARALLEL TO THE NORTH SECTION LINE OF SAID_SECTION, A DISTANCE OF 348.5 FEET, THENCE NORTH AND .PARALLEL TO THE HALF.SECTION".LINE A DISTANCE OF 500 FEET; THENCE EAST ON THE SECTION LINE A DISTANCE OF 348.5 FEET TO THE POINT OF BEGINNING, SAID TRACT CONTAINS:FOUR ACRES MORE OR LESS. Together with all- heating, lighting, and plumbing equipment and fixtures, Including stokers and burners, screens, awnings, storm windows and doors, and window shades or blinds, used on or.fa connection with said property, whether the same are now located 'on -said property. ; or hereafter placedthereon. TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto belong- ; ing, or In anywise appertaining, forever, and warrant the title to the same. Said mortgagor_ hereby covenant— with said mortgagee that t he-_ are - at the delivery hereof, the lawful owners of the premises above conveyed and described, .and are seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that will. warrant and defend the title thereto forever against the claims and . demands of all ,persons whomsoever. PROVIDED ALWAYS, and this Instrument is executed and delivered to secure the payment of the sum of THIRTY -TWO -THOUSAND AND*NO/100---------------------------- ------ +llars(s '.w nn Lnn with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under, the terms and conditions of the .promissory note' of even date herewith and secured hereby, executed by said mortgagor S to said mortgagee, payable as expressed in said note, and to secure the performance of all the terms and conditions contained therein. The terms of said note_ are hereby incorporated herein by this reference. It is the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made .to said .mortgagors by said mortgagee, 'and any and all; indebtedness In addition to the amount above stated which said mortgagors, or. any of them, may owe to -said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force and effect between the parties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including future advances, are paid' in full with interest. The mortgagor S hereby assign_ to. said mortgagee all rents and income arising at any .and all times from said property and hereby authorize said mortgagee or its agent, at its option, upon default, -to take charge of said property and collect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements neces- sary to keep said property in tenantable condition, or to other charges or payments provided for herein or is the note hereby secured. This rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise. They failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of 1w right to assert 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 mortgage. If saidmortgagor S shall cause to be paid to: said mortgagee the entire amount due it hereunder, and under the terms and provisions of said note hereby secured, including future advances, and any extensions or renewals thereof In. accordance with the terms and provisions 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; otherwise' to r remain in full force and effect, and said ,mortgagee shall be entitled to the possession of all of said property, and may, at its option; declare the; *bole of said note and all indebtedness represented thereby to be Immediately due and payable, and may foreclose this mortgage or take any other, legal action to protect Its right, and from the 'date of such default all Items of indebtedness secured hereby shall.draw interest at 9%. per annum. Appralsement waived This mortgage shall be binding upon and shall' enure to the benefit of the helm, executors, administrators, successors and ;assigns of the respective parties hereto. IN WITNESS WHEREOP,• said Mortgagors hnVe hereunto set the i r bass c the dap and year first above . written on ru g -.Eve I yn J .. Kr ger ------------------