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I 8:=?.:.:.;.- 005384 THIS INDENTURE, made this 5th day of Octoh~r _, 19 83-, by Bnd between r MORTGAGE DAVID MICHEL AND ROBE~ MICHEL. HUSBAlliLllliD WIFE of Ha 11 County. Nebraska. as mortgagor S , and Home Federal Savings and Loan Association of Grand Island. a corporation organized and ex.isting under the laws of the United States of America with its principal office and place of business at Grand Island, Nebraska, as mortgagee; WITNESSETH: Thalsaid mortgagor <: ,for and in consideration of the sum of TWO THOII<;ANO TWFI'lTY 001 I ARS ANO NO/100 ________________ ______n ______ u________ Dollars(S, 2;Q2(YOO ). the receipt of which is hereby acknowledged. do by these presents mortgage and waiTarJt u'~to'said mo~gBgcc,-iis s~sors and assigns. '" ,~'.,~>--, forever, all the following described real estate, situated in the County of HR11 and State of Nebraska, lo-wit: THE SOUTH FIFTEEN AND TWO-THIRDS (15 2/3) FEET OF LOT ONE (1) AND THE NORTH THIRTY- ONE AND ONE-THIRD (31 1/3) FEET OF LOT TWO (2) IN BLOCK ONE (1) OF HEYDE'S ADDITION TO GRAND ISLAND, HALL COUNTY, NEBRASKA. Together with all heating. air conditioning. lighting. and plumbing equipment and fixtures. including screens, awnings. stonn windows nnd 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 aU and singular the tenements. hereditaments and appurtenances thereunto be- longing. or in anywise appertaining. iorever. and warrant the title to the same. Said morgagor 5._.. hereby covenant _~___ with said mortgagee that __~._t he ~____,~ar.e..........._ . at the delivery hereof. the lawful owner _5-__ of the premises above conveyed and described. ~d ~L_._ seiz.ed of a good and indefeasible estute of inheritance therein, free and clear of all encumbrances. and that ~ hftY-._ 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 _.._..__~IH01lSAN1l...____ TWENTY DOLLARS AND N0I100-=-:_::-_:~-====-====,=_ DoUa"'iL2.020.00"_,_,___,___,,._I, with interest thereon, together with such charges and a.dvances as may be due and payable to said mortgagee under the tl;:rms and conditions of the promissory nole of even date herewith and secured hereby, executed by said mortgagor ..5._._ 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 --5- by said mortgagee, and any and all indebtedness in addition to the amount above slated whid, said mortgagors. or any of Lhem. may owe to said mortgagee. however evidenced. whether by note, book account or otherwise_ This mortgage shall remain in full force and effect belween the parties hereto and their heirs, personal representatives. successors and assigns. until all amounts secured hereunder. including futur~ advances. are paid in full with interest. The mortgagor..5..- 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 noLe and of this mortgage. If said mortgagors shall ca,uae to be paid to said mortgagee the entire amount due it hereunder. and under the tenns and provisions of said note hereby secured. including future advances. and any extensions or renewals thereof in accordance with the terms and provision~ u..reof. ud if Aid mortgagor .....s...... shall comply with all the provisions of said note and of this mortgage. then these presents shaH be void; otherwise to teD)&in in_full force and. effect. and aaid. mortgagee shall be entiUed to the posaession of till of said property, and may. at il..~ option, Mc:J,are the whole of Mid DOte ud all indebteduess nlpresented thereby to be immooiateJy due and payable. and may Coreclose this mortgage .. tekoany other logo! action to protect ita right. Appraiso\1lOnt wai.ad, Tbis_mortpge.halI be bindina upon and shall enure to the benefit of the heirs. executors, administrators, successors and assigns of the respective 'petits bereto, IN ~NESS WHERE<?P. w~~~.. ~d,bNe =:~~{rti~(7"~-<:..~dif' h$Teunto set."_ their.~._ hand $...- the day and year first. ahove ~ . .J-/ /' .'.d - 'IJc.cR't~1rrh~EL 7:lkc.~_