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MORTGAGE-Saving6 and Loan, Form—(Dtred Credit , Plan) ;255-2 (Special) ----- ----------------------- ----- ----- --- - �, MORTGAGE Ldcrn Nd: . 30r& 11 by and between I ON f:HI1ff9FM �usband elite RA 26ARA K. LUEB -YOM d of band and wife: JOHN A. ALBERS AND MARI LYN' L.. ALBERS and wife; R. LARSEN AND KRISTEN K..LARSEN, husband and wife; SHERIDAN T. ANDNS AN , husband and wife.: each in his and her own right'as as spouse ofthe Of Ha,1 I . County, Nebraska, as mortgagors and Home 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 Grand Island, Nebraska, as mortgagee; WITNESSETH: That said mortgagor S for and in consideration of the sum of _ S'IX THOUSAND NINE HUNDRED AND NO/100------------ ------------------- sonars (669900-00 ), 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 Ha I I and State of Nebraska, to -wit: LOT THREE (3) IN BLOCK SIXTEEN (16),IN COLLEGE ADDITION TO WEST LAWN, IN THE CITY OF GRAND ISLAND, NEBRASKA. 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 in connection with said property, whether the same are now located on said property. or hereafter placed thereon. 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 mortgagors hereby covenant— with said mortgagee that t hoY— 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 __he'L_ 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 SIX THOUSAND NINE HUNDRED AND NO/ 100---------------------------- Dollars (s 6.900.00-----). with interest thereon, together with such charges and advances as may be duo and payable to said mortgagee under .the terms and conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagorS_ 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 mortgagor 5 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 5 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 in 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. 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 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 said mortgagor -a— 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 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 whole 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. Appraisement waived. This mortgage shall be binding upon and shall enure to . the benefit of the heirs, executors, administrators, successors and assigns of the respective parties hereto. IN•WITNESS WHEREOF, said Mortgagors_heVe hereunto set their, hand_5the day and year first above itten, AL AND ENTERRRII SES / err ^^ u s ar ars use s o nn / ari ors •t`' /� � _C _ _. -i �l/n, ..� .. l rY.n.i,.//'�.A v/e,..%%i/.n,n _.y%.!/��.✓C�� ./' Tom R. Larsen - Kri•sten_ K. Larsen "Sheridan I. Anderson �ttdrn A. o 6)