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MORTGAGE3avfngs`,and Loan::Form--4Direct Credit, Plom): 265.2 (5pedal) Rol _
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<br />�c aV MORTGAGE.
<br />�O Loan Nb—'.
<br />26thApril Is 75 by and between
<br />THIS INDENTURE, made this day o,
<br />MICHAEL B. -ROCK AND MARGARET F ROCK,'husband and wife, each in his and her own right
<br />3 and as spouse of the other
<br />Of Ha 11: 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 -.2— for and in consideration of the sum of
<br />THIRTY NINE .THOUSAND FOUR HUNDRED FIFTY AND NO/100---7---------- nollars (s 39,450.00),
<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 Hall
<br />and State of Nebraska, to -wit:
<br />LOT SEVENTEEN (17) IN CAPITAL HEIGHTS SEVENTH SUBDIVISION,
<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 properly, 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!L hereby covenant_ with said mortgagee
<br />that _t tem are , at the delivery hereof, the lawful owne5 _, of the premises above conveyed and described, and a Pe-
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<br />f seized of a good and indefeasibleestate of inheritance therein, free and clear of all encumbrances, and that --Lho )L—'will warrant and
<br />j 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 />TH PIRTY NINE THOUSAND FOUR HUNDRED FIFTY AND NO/ 100-------------- dollars (s 34,450 .00 t,
<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&_ 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— 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 S 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 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 />3 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 mortgagors : shall comply with all the provisions of said note and of this mortgage, then these presents shall be void;
<br />t 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 bra V hereunto set th P i r hands— the day and year first above
<br />I written.
<br />Ma r
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