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MORTGAGE—Savings and. Loan Form=(Direct Credit Plow) 255.-2 (Special)
<br />MORTGAGE
<br />THIS INDENTURE, made thin ' 28th day of July 1975. by and between
<br />WILLIAM M ZUEHLKE AND BETTY A. ZUEHLKE, husband and;wife, each in his and her own
<br />3 right 'and `as spouse of the other
<br />Of Hall County, Nebraska, as mortgagor -.L. and Home Federal Savings and Loan Association of.Grand Island, .
<br />a corporation orgahizod 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 8 , for and in consideration of the sum of
<br />THIRTY THOUSAND FIVE HUNDRED AND N0/100---------------=--------- Dollars (S 30;500.00 );
<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 Hall
<br />and State of Nebraska, to -wit:
<br />The Easterly Forty -Three Feet (E 43') of Lot Nine..(9) and the Westerly.Twenty-
<br />Eight Feet (W 28') of Lot Ten (10), B1bck Nine (9), Morris Fifth Addition to
<br />the city 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, whather tho same are now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE ANWTO HOLD THE•SAME, together with all and singular the tenements, hereditaments'and appurtenances thoreunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor S hereby covenant_ with said mortgagee
<br />that tu— hoare at the delivery hereof,, the lawful owner -L of the premises above conveyed and described, 'and are
<br />�j seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that t hoY— will warrant and
<br />j defend the title thereto forever against the claims and demands of all persons whomsopder.
<br />PROVIDED ALWAYS, and this instrument Is executed and delivered to secure the payment of the sum of
<br />THIRTY THOUSAND FIVE HUNDRED AND N0/100 --------------------------Dollars (S 30,500.00 )
<br />with interest thereon, together with such charges and advances as may be due and payablo 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 nolo aro
<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 I future advances made to said
<br />mortgagor S by said mortgagee, and any and all' Indobtedness in additfon'tc the amount above slated 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 --§-- 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 properly 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 colloction.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 insist upon,and eaforco 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 futuro'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 />i 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 morigage� shall be binding upon and shall enure to the benefit of the hairs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />their hand S the day and ear first above
<br />IN WITNESS WFiI;REOF, said Mortgagors_ha Ve hereunto set an Y
<br />written.
<br />Wi ` � aiq Ze
<br />Betty A. Zteh ke
<br />C- `JJf
<br />
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