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MORTGAGE 86-104042 THIS INDENTURE, triode this _.. 5th_.__.._ - day of -- - -.__�� - - --_- _ 19 -W, by and between RICHARD D. DEMUTH AND NANCY L. DEMUTH, husband and wife, of Hall _ — County, Nebraska, as mortgagor 5 and Home Federal Savings and Loan Association of Grand Island, a corporation organised and existing under the laws of the United States of America with its principal office and place of business at Grand Island, Nebraska, as WITNESSETH: That said mortgagorS _, forandinconsidera tionofthesumof.- TWENTY THOUSAND NINETY -ONE AND 68/ 100------------------------------- - - - - -- - - -- 20,091.68 the receipt of which is hereby acknowledged, do _ by these presents mortgage and wwr**ttgt4"d mortplta, s successors and assigns, forever, all the following described real estate, situated in the County of Hd 11 and State of Nebraska, to•wiv —_ LOT TWENTY -ONE (21) IN BLOCK ONE (1), KNICKREHM SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Together with all heating, air conditioning lighting, and plumbing equipment and futures, including screens. awnings, storm windows 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 be- longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor S. _ _ hereby covenant _ -- _. with said mortgagee that ____the Y._.a_rt' _ .. , at the delivery hereof, the lawful owners -_ _ . of the premises above conveyed and described. Lod ---U—e_- _ seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that A heY will warrant and 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 � 1ENTY THOUSAND ' -Oh1E AND 68100 ---- - - - - -- - - -- - - - -- ---- with interest thereon, together with such charges and advances as may be due 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 _i _ -. 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 Ljte intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortgagors _._. by said mortgagee, and any and all indebtedness in addition t4i 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 mortgagorS_--- 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 necessary 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 mortgagor S 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 it said mortgagor - 5_.___ shall comply with all the provisions of said note and of this mortgage, then these presents shall be void: otherwise to nnoain in full force and effect, and said mortgagee shall be entitled to the possession of all of said property. and may, at its option, dsckm the whole of said note and all iodebtedneas represented thereby to be immediately due and payable, and maV foreclose this mortgage or take any other legal action to protect its right. Appraisement waived. This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors. adnumstrators, succesors and assigns of the respective'parties hereto. IN WITNESS WHFhEOF, sat o or S ha ve hereunto set thel t hand S day and Year first above RICHARD D, DE tUTH 4E.1 1i1F!