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MORTGAGE—anings and Loan Form-4)lract Creft Plan) 25&2 (Special)
<br />ir MORTGAGE MIMFIVAFr!
<br />0 io3w 4
<br />Loan No
<br />21 st November 75 -
<br />THIS INDENTURE. made #161. day of 19-L-L� by and between
<br />JOHN H. MATTHES AND KAYLIN A. MATTHES, husband and wife, each in his and her own
<br />right andas spouse of the otheT,
<br />Of Ha I I —County, Nebraska. as mortgagor -L and Home Federal Savings and Loan Association of Grand Island.
<br />a corporation organized and existing under the Iowa of Nebraska with Its principal office and place of business at Grand Island, Nebraska,
<br />an mortgagee:
<br />WITNESSETH: That said mortgagor_�L for and'in consideration of the sum of
<br />THIRTEENTHOUSAND FIVE HUNDRED AND NO/100 ------- ----------------- Ilars(S 13 500.00*
<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 dpAwribed real estate, situated in the county of Ha I I
<br />and State of Nebraska, to -wit:
<br />LOT FOUR (4) IN BLOCK SEVENTY-FIVE (75) OF WHEELER AND BENNETT'S
<br />THI.RD ADDITION TO THE CITY OF GRAND -ISLAND, 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 SANE, together with all and singular the tenements, hereclitaments and appurtenances thereunto belong -
<br />Ing, or in anywise appertaining, forever, and warrant the title to the same. Said mortgagor_�__ hereby covenant with said mortgagee
<br />that — t -he--y— 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 t lle—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 />THIRTEEN THOUSAND FIVE HUNDRED AND NO/100 -------------------- Ilars (S 13, 00.00 .1
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the terms
<br />conditions of the promissory note of even date herewith and secured hereby, executed by saidmortgagor 1, 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 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 acrid mortgagors, or any
<br />of them, may owe to said mortgagee, however evidenced. whether by note, booklaccount or otherwise. This mortgage shall remain in full
<br />force and ' effect between the parties hereto and their heirs, personal representatives, successors and aaaigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />The mortgagor S hereby assign— to said mortgagee all rents and Income arising at any and all times from said property and
<br />hereby cruthorize'said mortgagee or its agent, at its option, upon default -to take charge of acrid 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 neces-
<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 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 />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
<br />mortgage.
<br />It said mortgagor S shall cause to be paid to. said mortgagee the entire amount due it hereunder. and under the terms and provmiuions
<br />of said note hereby secured. including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and U 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 oil 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 WMIMS WHMOF, add Mortgagor s ha ve hereunto as )land, * s the and year first above
<br />written. 4(<" _34e,*_1 \� 4 T
<br />yl�b A. Matthes
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