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<br />MORTGAGE—Savings and Loan Form—(Direct Credit.
<br />a) 255.2 (Special)
<br />0!0910-
<br />MORTGAGE
<br />MICROFILMED
<br />Loan No
<br />THIS `INDENTURE, made this 19th day of August 19 75 by and between
<br />BARRY D. SCHnTZ AND DEBRA L..SCHULTZ, husband and wife, each in his and her own -right
<br />and as spouse of the ':other
<br />.Hall8
<br />. County, Nebraska, as mortgagor
<br />Of and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nobraska with its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH: That said mortgagor S for and in consideration of the sum of
<br />THIRTY THOUSAND NINE:HUNDRED AND NO/100--------------------------- noilers (S 30,900.00 )
<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 />LOT THREE (3) IN BLOCK Tido (2) IN CAPITAL HEIGHTS THIRD -SUBDIVISION,
<br />BEING A PART -OF THE SOUTHWEST QUARTER (SW4) OF SECTION TWO (2)
<br />TOWNSHIP ELEVEN (11) NORTH, RANGE 10, WEST OF THE 6TH P.M. IN HALL
<br />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 mellgagor._ hereby covenant— with said mortgagee
<br />that __theV are at the delivery hereof, the lawful owner B of the premises 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 t bey— 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 THOUSAND NINE HUNDRED AND NO/100-------------------------- Dollars (S 30,900.00 ),
<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 noto; and to secure the performance of all the terms and conditions contained therein. The terms of said note aro
<br />hereby incorporated herein by this reference. 1
<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—!.— 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 S hereby assign to said mortgagee all rents and income arising at any and all limes 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 rio
<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—$_ 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 extonsions 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. Appraisoment 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 bra Ve hereunto set their hand S the day and year first above
<br />written.
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