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MORTGAGE -Savings ,and Loan Form . Credit Plan) 22iS2 (Special) -------- -------- .- _ -- -- `, a MORTGAGEvo a><as�: Logs No TS INDENTURE, -made this 1.9 �� day of 11 1967 by and between HI -Edgar L Gifford and Kathleen E Gifford, husband and wife, each .in_his and h'e.r own right and as'spouse of the other, _ Of HALL County, Nebraska, as 5 mortgagor , aad 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 FOURTEEN THOUSAND AND NO/100----=----------------------- ------Dollars ($14,000.00 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 HALL and State of Nebraska, to -wit: LOT THREE (3) IN BLOCK TWO (2), OF SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, A SUBDIVISION OF A PART OF THE NORTHEAST;QUARTER OF THE NORTHEAST QUARTER.(NE-NEµ) AND A PART OF LOT FOUR (4) MAINLAND, IN SECTION TWENTY. EIGHT (28), TOWNSHIP.ELEVEN (II) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M. May 2 1975 added description: The easterly ten .(I0.) feet of Lot Four (4) in Block Two•(2) of'Second Addition to Holcomb's.Highway Homes:Subdivision in the,city of Grand Island, Nebraska. The above description is added to the mortgage recorded in Book 143, Page 57 of Mortgage records, Hall County, Nebraska. G(/J t gar L. Giff d Kathleen E. i' Together with all heating, lighting, an 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, tcgether 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 theme— 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— 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 FOURTEEN THOUSAND AND NO/100---=---------------- ---------------Dollars (s14,000.n0 ), 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 5 � 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. Itis 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 thein heirs, personal representatives, successors and assigns,' until all amounts secured hereunder, including future advances, are paid in full with' interest. The mortgagors—_' hereby assign to said mortgagee all rents and income arising at .any and all times from said property and hereby lauthorize said mortgagee or its agent, at its option, upon default, to take charge of said properly and collect all. rents and. income lherofrom and apply. the same'to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements neces- cary.-to `.kcep said property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This rent, assignment sha1L continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no mannoi 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 noto and of this mortgage. ", If. said mortgagor— 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 mortgagors_ 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 prolect'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 Mortgagor s—hak/R hereunto set their hand S the day and year first above written. Edgar o a een itford Fd