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MORTGAGE-�-Savings and Loan Form—(Direct Credit- Plan) 255.2. (Special)
<br />\ MICROFILMED
<br />MORTGAGE
<br />Loan No
<br />THIS INDENTURE, made this g day of J L I)i 19--M by and between
<br />RICHARD J. STREHLE AND LYNN A. STREHLE, husband and wife, each in his and her own
<br />right and as spouse of the other,
<br />Of Ha I I . 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 mortgagor 5 , for and in consideration of the sum of
<br />THIRTY-ONE THOUSAND FIVE HUNDRED AND NO/100 ---------------------- -Dollars (S 31,500.00 ),
<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 esta to, situated in the county of Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT, THREE (3), IN BLOCK ELEVEN (II), IN ROLLINSI ADDITION
<br />TO THE CITY OF GRAND ISLAND, 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, 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 S hereby covenant— with said mortgagee
<br />that __no_Y__ are at the delivery hereof, the lawful owner -.S_ of the premises abovo conveyed and described, and a ra
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that oto*— 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 secure the payment of the -sum of
<br />THIRTY-ONE THOUSAND FIVE HUNDRED AND NO/100---------------------nollars (S 31,500.00 ),
<br />with interest thereon, togother with such charges and advances as may be duo and payable to said mortgagee under the torms 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 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 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 ---.5 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 -continua 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 />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 hecured, including future advances, and any extensions or renewals thereof in accordance with the terms. and provisions
<br />thereof, and if said mortgagor_ 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 shalt 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—haLE. hereunto set +hp i r hand s the day and year first above
<br />written. �1 /1 A A n j�i
<br />Righard J . , reh I;e/
<br />n A. STrehie
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