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MORTGAGE -Savings and Loan Form --(Direct Credit Plan) 255-2 (Special) �90,ROFIU.`IED MORTGAGE Loan No THIS INDENTURE, made this I 2th day of Noy(-mhPr 19 7 9 'by and between LLE K. QUARING, HUSBAND AND WIFE, EACH IN HIS AND HER OWN IIARLIN QUARING and LUC I RIGHT PND AS SPOUSE OF THE OTHER, of Hall ounty, Nebraska, as mortgagor -S.- and Home Federal Savings 9nd Loan Association of Grcmd Island, a corporation organized and existing under the laws of Nebraska with its principal office and place of business at Grcmd Island, Nebraska, as mortgagee: WITNESSETH: That said mortgagor S . for and in consideration of the sum of i- EIGHI HUNDRED -AND W01100 ------- i xTuNj ,ANn (S the receipt of which is hereby acknowledged, do— by these presents mortgage and warrant unto said mortgageo, its successors and assigns, forever, all the following described real estate, situated in the county of Hall and Stato*of Nobraska, to -wit: PART OF THE NE14 OF SW44 OF SECTION -24, TOWNSHIP 11 NORTH; RANGE 10 * WEST OF THE 6TH P.M. DESCRIBED AS'BEGINNING AT A POINT ON THE EAST LINE OF SAID SWI 360 FEET SOUTH OF THE NORTHEAST CORNER OF SAID SOUTH W . EST QUARTER OF'�AID SECTION 24: THENCE DUE - WEST AND PARALLEL TO.THE N.O.RTH LINE OF SAID SOUTHWEST QUARTER A DISTANCE OF 163 FEET: THENCE .DUE SOUTH AND PARALLEL TO THE EAST LINE OF SAID SW!4 A DISTANCE OF 9 ' 0 FEET: THENCE DUE EAST A14D PARALLEL WITH THE NORTH LINE OF SAID SWI,,, A CrISTANCE OF 163 FEET TO.'THE EAST LINE OF SAID SW -L, THENCE DUE NORTH Q;N THE EAST L I NE OF SA I SWiLl , A D I STAKE OF 90 FEET TO THE. PLACE OF BEG I NH I 11G. 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 Paid prope : rty or hereafter placed thereon. TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances therounto belong- ing, or in anywise appertaining, forever, and warra I nt the title to the same. Said mortgagor_�_ hereby covenant with said mortgagee that --the a re , at the delivery hereof, the lawful ownefL- of the premises above conveyed and described, and -;:)rp seized of a good and indefeasible estate of inheritance therein, freo.and clear of all encumbrances, and that --tho)L— will warrant cind defend the title. thereto forever against the claims and demands of all persons whomsoever. PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of SIXTEEN THOUSAND EIGHT HUNDRED AND NO/100-L - - - - - - - - - - - - - - - - - - - - - allars (S 16., 800 - 00 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 mortgagorS to said 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 shall also secure any future advances made to said -mortgagor_�L by said mortgagee, and any and all indebtedness in addition to �ho.amount above stated which said mortgagors, or any * full of them, may owe to said mortgagee, however evidenced, whether by note,.book account or otherwise. This mortgage shall remain in 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 mortgagorc; hereby assign— to said mortgageo 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 foreclo ; s : ure 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 Cmd of this mortgage. If said mortgagor S shall cause to be paid to said mortgagee the entire amount due.it hereunder, and under the terms cmd provisions of said note here'by secured, including future advances, and any extensions or renewa * Is thereof in accordance with the terms and provisions thereof, and if' -said mortgagor_-:� 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 mortgagee shall be entitled t6.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. I such default all Items of indebtedness secured Hereby shall draw Interest at 9% per annum. Appraisement waived. This mortgage' shall be bi nding upon and shall enure to the benefit of the hoirs, executors, administrators, successors and assigns of the respective parties hereto. IN WITNESS WHEREOF, xald Mortgagor L -ha Ve hereunto met their band� S the day and year first above written. 1vTa_rFTn C. Quaring.,, Lucille K. Quaring