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Loan No
<br />THIS INDENTURE, made this I I th day of AugL st . 19 75, by and between
<br />NORMA R.•KEHM a s i ng Ie person
<br />Of HALI ounty, Nebraska, as mortgagor `;, and Home'Eederal 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 S_, for and in consideration of the sum of
<br />TEN THOUSAND AND NO/100---------- ---------------------=-----------ZDollars (S 10,000.00 t
<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 Ha 1 1
<br />and State of Nebraska, to -wit:
<br />THE WEST HALF (WZ) OF LOT SEVEN (7), IN BLOCK FOURTEEN (14), OF
<br />ARNOLD AND ABBOTT'S ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />l
<br />Together with all • healing, 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 t'he�" are at the delivery hereof, the lawful owner --L '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 moo_— 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 />-------------— Mara (S 10
<br />TEN THOUSANDAND NO/100--------------'- ),
<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 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__SL_ 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 mortgagors 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 property and collect all rents and income
<br />therefrom and apply the name 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 enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If said 'morigagorS__ 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,'apd cmy extensions or renewals thereof in accordance with the terms, and provisions
<br />thereof, and if said-mortgagor_r, 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, admirlistrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor S_ha Ve hereunto sett their hand S Ir
<br />day 7d year first above
<br />written.
<br />Norma;. R. Kehm, a sl -ng I e person
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