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MORTGAGEL-Savinas and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />MORTGAGE MICROFILVIED .
<br />Loan No
<br />THIS INDENTURE, made thio 25th day of August 1911, 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, and Homo Federal Savings and Loan Association of Grand Island,
<br />'a corporation organizod and .existing under thn laws of Nebraska with its principal office and place of business at Granit Island, Nebraska,
<br />as mortgagee:
<br />WITNESSETH: • That said mortgagors___, for and in consideration of the sum of
<br />THREE THOUSAND AND NO%100----------------------------=------------ Motions (s3.000.00 ),
<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 Slate of Nebraska, to -wit:
<br />COT ONE (I) IN BLOCK TWELVE (12) IN PACKER &•,BARR'S ADDPTION TO THE,
<br />CITY OF GRAND ISLAND, NEBRASKA.
<br />SUBJECT TO A PRIOR MORTGAGE IN THE ORIGINAL AMOUNT OF $33,400.00
<br />IN'FAVOR OF HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF -GRAND ISLAND
<br />RECORDED IN Boot; 165, Page 26 OF MORTGAGES OF.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, horeditaments and appurtenances thereunto belong-
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor --a— hereby, covenant_ with said mortgagee
<br />that _t_ho�L— are , at the delivery hereof, the lawful owner -5— of the premises above conveyed and described, and arP
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that Jire--yL_ 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 />'THREE THOUSAND AND NO/100---------
<br />------------------ ----------------------- (S 3, 000, nn 1,
<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 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 tonus 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 theii.heirs, personal representatives, successors and assigns, until all amounts secured
<br />hereunder, includirig future advances, are paid In full with interest.
<br />The mortgagors— hereby assign to said mortgagee all rents and income -."Bing 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 some to the payment of interest, principal, insurance premiums; taxes, assessments, repairs or improvements neces-
<br />sary to keep said properly in tenantable condition, or' to other charges or payments piovided 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 herounder 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 />nf
<br />the same at any later time, and to insist upon and eorce, strict compliance with all.'the terms and provisions of said note and of this
<br />mortgage.
<br />s
<br />If said mortgagor_ shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terns and provisions
<br />of said note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terns 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 />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. Apprafsemont 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 SSraVe_ hereunto set the i r hands—_ the day and year first above
<br />written. n ,
<br />ynn A(t 57Tren I e
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