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MORTGAGE--%vings and Loan Form-(Mect Credit Plan) 255-2 (Special)
<br />01Q312
<br />MORTGAGE
<br />THIS. INDENTURE, made this 13th day
<br />�,JJCROFILIAED
<br />Lacm No
<br />October .75-
<br />19—'by and between
<br />RONALD D. LANGENBERG AND MARY E-. LANGENBERG, husband and wife, each in his and her'own
<br />riaht &nd-as sDouse of the other
<br />Of Hall —County, Nebraska, as mortgagor-2and Home Federal Savings and Loan Association of Grand' IslancL
<br />a corporation organized and existing under the Iowa of Nebraska with Its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH% That said mortgagor--§-- for and in consideration of the sum of
<br />ELEVEN THOUSAND SIX HUNDRED AND N01100 -------------- 71 -------------- 11,600.00
<br />liars (S
<br />the receipt of which is hereby acknowledged, d o by these presents mortgage and warrant unto acrid mortgagee, its successors and
<br />assigns, forevcir,'all the following described real estate, situated in the county of Hall
<br />and State of Nebraska, to -wit:
<br />LOT SIXTY TWO -.(62) IN WEST HEIGHTS ADDITION TO THE CITYOF GRAND ISLAND
<br />HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing equipment and fixtures, including stokers cmd burners, screens, awnings, stona windows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the some are now located on said property
<br />or hereafter placed thereon. i
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereanto belong.
<br />ing, or in any* ise appertaining, forever, and warrant the title to the same. Said mortgagor-.�-- hereby covenant with said mortgagee
<br />that t beY. are at the delivery hereof, the lawful owner.9- 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 --the Y 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 />ELEVEN THOUSAND SIX HUNDRED AND N01100 - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars (S 11,600.00
<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 acrid mortgagor--§— to said mortgagee, payable
<br />as expressed in said note, i3nd 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 S ' by acrid 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 iil: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 -§--'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 same to the payment of interest, principal, insurance premiums, taxes, assessments, repairs or improvements neizes-
<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 foreclozure or otherwise.
<br />The failure of the mortgagee" to.a'sseff any 'of .1ts,'rights hereunder at any time shall not be construed as a waiMr of its right to cmsert
<br />the same at any later time, and to Insle't. upon. and enforce strict compliance with all the terms and provisions of said note and of this
<br />mortgage.
<br />If sold mortgagor-�-- shall cause to be'pald to iald mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of sold note hereby secured, including future advances, and any extensions or renewals thereof in accordance with the term and provisions
<br />thereof, and If said mortgagor - s . a hall 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 he 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, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said MortgagorS--ha ve hereunto met their hand's the day and year first above
<br />written.
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