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Filed fo reoor ?-at in ook� -
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<br />MORTGAGE—Savings and Loon. term=(DirDecZ Z P��3 ; F.iSher, Register of D:
<br />MORTGAGE
<br />4 Loan No
<br />THIS INDENTURE, made tht 24th day of AD r I I 197-5 by and between
<br />DAVID A..RASMUSSEN AND BARBARA A. RASMUSSEN, husband and wife, each'.in his and her own
<br />right and as spouse of the other AND CHRIS H RASMUSSEN, JR., a single man_'
<br />Of HALL - County, Nebraska, as mortgagors 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 />as mortgagee:
<br />WITNESSETH: That said mortgagor S for and is conaideratIon of the sum of
<br />TWENTY TWO THOUSAND FOUR HUNDRED AND NO/100------------------------Dollars (S 22,400.00),
<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
<br />HALL
<br />and State of Nebraska, to -wit:
<br />LOT ONE (I-) IN BLOCK ONE HUNDRED TWENTY-EIGHT (128)
<br />OF KOENIG AND WIEBE'S ADDITION TO GRAND ISLAND, NEBRASKA,.
<br />Together with 611 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 5 hereby covenant_ with said mortgagee
<br />that they_ a re , at the delivery hereof, the lawful owner of the premises above conveyed and described, and a rA
<br />seized of a good and indefeasible estate of inheritance therein; free and clear of all encumbrances, and that t-heL 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 />TWENTY TWO THOUSAND FOUR'HUNDRED AND NO/100----------------------Dollars (s_22,400 -nn 1,
<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 mortgagors 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 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 5 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 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 is full with interest.
<br />The mortgagors 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 lake 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 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 provision
<br />thereof, and if said mortgagors_ 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 Mortgagors h� Ve hereunto set their hands the day and year first above
<br />w:itt n. n
<br />David BB 5, -
<br />A. Rasmussen ,Rasmussen s .
<br />Chris H. Rasmussen, Jr., a single man
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