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MORTGAGE— Savings and Loan Porm--Mired Credit Pkm) 255.2 (SpeclaD
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<br />U M
<br />MORTGAGE
<br />011031
<br />I*= No—
<br />THIS INDENTM made thin 19th. ___dn f Nomber 19L.15- by and between
<br />DAVID L. KLINGINSMITH AND DIANLK, KLINGINSMITH., hitshAnd And wifin_. AAr'h in his AQH . hop
<br />own right and as spouse of the other, -
<br />Of Hal I —County. Nebraska. as mortgagor —S and Home Federal Savings and Loan Association of Grand Island.
<br />o corporation organized and eigUnq under the laws of Nebra with Its principal office and place of business at Grand Island, Nebraska,
<br />as mortgagee;
<br />WITNESSETH:' That said mortgagor_�i__ for and in consideration of the earn of
<br />THIRTY--jW0 THOUSAND NINE HUNDRED AND.NO/100 ----------------- =.��nars (s 32,900, 00'
<br />the receipt of which in hereby acknowledged, clo by them 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 State of Nebraska, to -wit:
<br />LOT TWENTY-FIVE (25) AND LOT TWENTY-SIX (26) IN SASS SECOND SUBDIVISION
<br />LOCATED IN SECTION FOURTEEN (14), TOWNSHIP ELEVEN (11) NORTH, RANGE
<br />NINE (9) WEST OF THE 6TH P.M., IN HALL COUNTY, NEBRASKA.
<br />Together with all heating, lighting, and plumbing.'squipment and fixtures, including stokers and burners, screens, awnings, at windows
<br />and doors, and window shades or blinds, used on or In connection with said property, whether the same are now located on soarildn property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE.SAME, together with all and sinc unto belong.
<br />.rular the tenements, hereditaments and appurtenances there
<br />ing, or in anywise appertaining, forever, and warrant the title to the same., Said mortgagor.��_ hereby covenant with said mortgages
<br />that h..y are at the delivery hereof, the lawful owner -a- of the premises above conveyed and described, and ;:� rn
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that --t-he-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 />THIRTY-TWO THOUSAND NINE HUNDRED AND NOZIOQ --------------------- lars (s 3 2 n on
<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.�!_ 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 cmd agreement of the parties hereto that this mortgage shall also secure any future advances made to said
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<br />mortgagor 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, book7 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 mortgagorq -hereby assign-_ to said mortgages an 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 an rents and income
<br />therefrom and apply the same to the payment of interest, principal. insurance premiums. taxes, assessments, repairs or improvements neces-
<br />.ry 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 colleFtIon.of said sums by foreclosure or otherwise.
<br />The failure. of the mortgagee to aBsert.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 sold note and of this
<br />mortgage.
<br />If said moitgagors 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, and any extensions or renewals thereof In accordance with the term and provisions
<br />thereof, and if ' said mortgagorc . 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 wild property, and may, at its
<br />option, declare -the whole of odd 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 hot=. executors. arl-1-1 trators, successors and aasiqns of
<br />the respective parties hereto.
<br />IN VaTNESS WHMOF, said Mortgagor S ha V hereunto met thpir 1- S the day and year first above
<br />written.
<br />D id L. K I i 11 �n O.M
<br />Diane K. KlInginsml-th
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