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<br />MORTGAGE : , fAICROFILAIED
<br />,I
<br />1 Loan No
<br />THIS INDENTURE, made this 19thday of July 19 15 by and between
<br />RODNEY JAMES CLARK AND LINDA M.•CLARK, husband and wife, each in'his and her own right:
<br />and as -spouse of the other
<br />Of Hall County, Nebraska, as mortgagor -1. and Homo 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 -L— for and in consideration of the sum of
<br />FOURTEEN THOUSAND AND "NO/100---=---------------ollars IS 14,000.00
<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 doseribed real estate, situated in tho county -of Hall -
<br />.and State of Nebraska, to -wit:
<br />LOT.,SEVENTEEN (17) IN BARTELT SUBDIVISION OF PART OF LOTS SEVEN (7).,
<br />FIFTEEN (15), SIXTEEN (16), SEVENTEEN (17) AND•'E'IGHTEEN (18) OF THE.
<br />COUNTY SUBDIVISION OF PART OF THE SOUTH HALF OF SECTION FIVE (5),
<br />T014NSHIP NINE (9) NORTH, RANGE NINE (9), WEST'OF THE 6TH P.M., IN
<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 property, whother 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 some. Said mortgagor -IL— hereby covenant_ with said mortgagee
<br />that t how are the delivery hereof,, the lawful owner S of th© prenuseg above conveyed and described, and are
<br />seized of a good and Indefeasible estate of inheritance therein, free and clear of all encumbrances, and that ----the Y 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 socuro the payment of tho, sum of
<br />FOURTEEN THOUSAND AND NO/100---------------------- ----------------- dollars (S- 14,000.00
<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- torms 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 S by said mortgagee,_ and any and all indebtedness in addition to the amount above stated which said mortgagors, or. any
<br />of them, may owo 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 assig*+ - 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'thot be construed as a waiver of Its right to assert
<br />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 moitgagorS. 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. 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 Mortgagor S—ha Ve hereunto met their hand_S the day and year first above
<br />written. "
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