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<br />MORTGAGE—Savings, and loan Form—(Diiect Credit Plan) 255-2 (Special)
<br />I� MORTGAGE
<br />,j Loan No
<br />THIS INDENTURE, made this 30th -day of April 1975 by and between
<br />RICHARD J. STREHLE AND LYNN.'A. STREHLE, husband and wife,_each in his and her'own right
<br />and as spouse of the other
<br />Of Hal 1. County, Nebraska, as mortgagor S 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--Lfor and in consideration of the sum of
<br />TWENTY FIVE THOUSAND TWO HUNDRED AND NO/100------------------------nollars (5 25;200.00 1,
<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 />THE WESTERLY ONE-HALF (W-2.
<br />) OF LOT FIVE.(5) IN BLOCK
<br />NINE (9), IN THE ORIGINAL TOWN, NOW CITY OF GRAND ISLAND,
<br />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 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 mortgagors hereby covenant_ with said mortgagee
<br />that they are , at the delivery hereof, the lawful owners of the premises above conveyed and described, and a EP
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that __±_he)L 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 FIVE -THOUSAND TWO -HUNDRED AND NO/100------- ---=------------ t5ollarn (s 25,200.00' -.
<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 S 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 />`mortgagors 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. LThis 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 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 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 properly 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 anaist 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 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 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. Apprafsement walled
<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� ye• hereunto met the i r hands the dap and year first above
<br />written.
<br />MG Ry J
<br />F;FALE
<br />Y A.• S. HLE:.
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