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MORTGAGE --Savings and Loan Form --(Direct Credit Plan) 255-2 . (Special) AnCRO"WeD MORTGAGE .0.1olo4 Loan No 2� day of September 5 'THIS INDENTURE, made this 19-L— by and between DWIGHT A. BEILKE AND MARY ANN BEILKE, husband and wife, each in his and her own right and as spouse of the other, Of HALL s ounty, Nebraska, as mortgagor , and Home Federal Savings and Loan Association of Grand Island, a corporation organized and existing under the laws.of Nebraska with Its principal office and place of business at Grand Island; Nebraska, as mortgagee;. WITNESSETH: That said mortgagor__�_ for 'and in consideration of the sum of TWENTY-ONE THOUSAND AND NO/100 ---------------------- – – – – – – – – Z Z – – – - Dollars (s 21 .000.00 the receipt of 'which is hereby acknowledged, do_�_ by these presents mortga4e. and warrant unto said mortgagee, its successors,and Hall assigns, forever, all the following described real estate, situated In the county of - and State of Nebraska, to -wit: THE EASTERLY THIRTY-SEVEN FEET (371) OF LOT TEN (10), AND THE WESTERLY FORTY-THREE FEET (.431) OF LOT ELEVEN'(11) IN BLOCK EIGHT C8), IN MORRIS FIFTH ADDITION TO THE CITY OF GRAND ISLAND, HALL -COUNTY, NEBRASKA. Together with all heating, lighting, and plumbing equipment and fixtures, including stokers and burners, screens, awnings, stormwindows and doors, and window shades or blinds, used on or In connection with said property, whether the same are now located on said property or hereafter placed thereon. TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto . belong- ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor S hereby covenant with said mortgagee that ___4ho__y_ at the delivery hereof, the lawful owner_�! of the premises above conveyed and described, and are seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances, and that --t–he'L— will warrant and defend the title thereto forever against the claims and demands of all persons whomsoever. PROVIDED ALWAYS and this in trent is executed and delivered to secure the payment of the sum of TWENTY-ONE THOBAND AND Nf' 100 ------------------------- --------- 21,000.00 Dollars (S with interest thereon, together with such charges.'and advances as may be duo�.' and payable to said mortgagee . under the terms and conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor S to scrid mortgagee, payable as expressed in .'said note, and to secure the performance of all the terms and conditions contained therein. The terms- of said note are hereby incorporated herein by this reference. It is the . intention and agreement of the parties hereto that this mortgage sl�all also secure any future advances made to. said mortgagor by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or any of them, May owe to said mortgagee, however evidenced. whether by note, book account or otherwise. This mortgage shall remain in full force and effect between the parties hereto and their heirs, personal representatives, successors and assigns. until. all amounts secured hereunder, including future advances, are paid in full with interest. The mortgagor_�L_ hereby.assign— to said mortgagee all rents and income arising at any and all times from said property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rents and Income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements. neces- sary to keep said property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This. rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise. 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 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 mortgage. If said mortgagorc; shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions of said note hereby secured,. including future advances, and any extensions or renewals thereof In accordance with the terms and provisions thereof, and if said mortgagorS.— shall comply with all the provisions of said note and of this mortgage, then these presents shall be void; otherwise to remain in full force . and effect, and said mortgages shall be entitled to the possession of all of said property, and may-, at its option, declare the,whole of said note and all indebtedness represented thereby to be Immediately due and payable, and may foreclose this mortgage or take any other legal action to protect Its right, and from the date of such default all items of indebtedness secured hereby shall draw Interest'at 9% per annum. Appraisement waived. This, mortgage shall be binding upon and shall enure to the benefit of the heirs, sxecutors, adm . Inistrators, successors and assigns of the respective parties hereto. IN WITNESS WHEREOF, sdid'Mortgagor �_�ha_Ve hereunto sit the ir hand S the day and year first above written. Mb.ry Aan Betlke 16)1.