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MORTGAGE --Savin" -and Lo; ForIrt Credit Pln),,22 (Sal)
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<br />MORTGAGE
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<br />MORTGAGE
<br />a - Loan 'No
<br />THIS INDENTURE, made this 9th day of ` May ,.1975 , by and betwesa {
<br />WILLIAM H HEMKE AND SHEILA 0. HEMKE,'husband and wife,. each in his and -her own right
<br />and as spouse .of the other
<br />Of Ha 1.1 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 mortgagors_, for and - in consideration of the sum of
<br />FOURTY TWO THOUSAND ONE HUNDRED AND NO/100 ------------- -----------dollars (s 42, 100.00 )
<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 Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT TWO (2), BLOCK SIX (6) IN REPLAT OF RIVERSIDE ACRES, AN ADDITION TO THE CITY
<br />OF. GRAND -ISLAND, 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, 1. 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 the Y are at the delivery hereof, the lawful owner-. of the premises above conveyed and described, and
<br />j seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that �e Y will warrant and
<br />3 . 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 />FOURTY TWO THOUSAND ONE HUNDRED AND NO/100----------------------ollars (s 42,100.00 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 mortgagor -9.— 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 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 -.a— 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 S 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_.L shall comply with all the provisions of said note and of thfs'mortgage, then these presents shall be void;
<br />i 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 he 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 Mortgagor s ha Vehereunto set fie i r hand_5 the day and year first above
<br />written.
<br />W i I I iia/ H. H mke,�
<br />Sheila 0. Hemke
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