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MORTGAGE—Savings and Loan Form—(Direct Credit Plan) 255.2 (Special) ,
<br />083 MORTGAGE MICROFILMED
<br />Loan No
<br />THIS INDENTURE, made' this 6th day of AugUSt. 19 75. by and between
<br />RONALD R: RUHE AND TERESA A. RUNE, husband and wife, each in his and her own right
<br />and as spouse of the other,
<br />Of Ha Id County, Nebraska, as mortgagor, 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 55 for. and is consideration of the sum- of''
<br />TEN THOI ISANn TWn KUNnRFn ANn Nn/Inn----=------------- qua=s (sem
<br />the receipt of which is hereby acknowledged, do_ by these presents mortgage l 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 Slate of Nebraska, to -wit:
<br />LOT EIGHTEEN (18) EXCEPT THE EAST- 12 FEET THEREOF, IN BLOCK "C"•
<br />IN PARKVIEW SUBDIVISION LOCATED IN THE NORTHEAST QUARTER (NEµ)
<br />OF SECTION.TWENTY-NINE (29) AND THE NORTHWEST -QUARTER (NW -40 OF
<br />SECTION TWENTY-EIGHT (28), TOWNSHIP ELEVEN:(II) NORTH,,RANGE NINE
<br />-(9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, avinfngs, 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 mortgagors hereby covenant with said mortgagee
<br />that __t_ro�L_ a r P at the delivery hereof, the lawful owners of the premises above conveyed and described, and are
<br />seized of a good *and indefeasible estate of inheritance therein, free and clear of alf encumbrances, and that �eY. 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 />TEN THOUSAND TWO Hl INDRFn ANn Nn/Inn--------------------Dollars (S-1 n,,�-0n
<br />with interest thereon, together with such charges and advances as may be duo 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_5_ 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 />mortgagors by said mortgagee, and any and -all indebtedness in addition to the amount above staled 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" S hereby assign to said `m. ortgageo 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 />the same at any'.later time, and to insist upon and 'enforco strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said mortgagor --L— shall cause- to be paid .to said mortgagee the entire amount due it hereunder, and under the forms 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— 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 acrid mortgagee shall be entitled to. tho 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, andfrom 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, adrefnistrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF,. said Mortgagor S--haVe hereunto not I i r ay year first above
<br />written.
<br />Ruh
<br />Teresa -.A. Ruhe
<br />0
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