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f 11 1 ~ 1:1 1 n ~ : :.. ~ : : I ~ l I " 11"""11' I I jj4 - 005637 MORTGAGE THIS INDENTURE, awle ~1Us_.._._.---Z.3.rrL_.... day of ___.-D.ct.J.::ibl>L....____. 19l1il.._, by and between KENNETH J. SIrn~ AND COLLEiC.!'IL T. SIMON. husband and wife of H ALL County. Nebraska. as mortgagor S . and Home Federal Savings and Loan Association of Grand Island. a corporation organized and existing under the laws of the United States of America with its principal office and place of business at Grand bland. Nebrask.a. as mortgagee; WITNESSETH: That said mortgagor c:; l. the receipt of which is hereby acknowledged. do aud assi&Ds, forever. all the following descritx-d real estate. situated in the County of and State of Nebraska. to-wit: HALL LOT FIVE (S) IMPERIAL VILLAGE SEVENTH SUBDIVISION TO THE CITY OF GRANO ISLAND HALL COUNTY, NEBRASKA Together with all heating, air conditioning, lighting. and plumbing equipment and fixtures. induding 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. wgether with aU and singular ~he tenemen~s, herediUlments and appurtenances thereunw be- longing. or in an)"Wise appertaining. -iOrever. and warrant the title to the same. Said morgagor ...-5....._ hereby covenant __.__ with said mortgagee that _ the +_ are. at the delivery hereof. the lawful owner -.$--." of the premises above conveyed and described-. ~d__~:t~_ s:eired of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances. and that...Lhe)L-will warrant and defend the title thereto forever against the claims and demands of all persons whomsoevf'r. PROVIDED ALWA YS, and this instrument is executed and delivered to secure the payment of tbe sum of.. FTFTFFN THnllC;t\Nn ANO~fIlQI!DQ._:::--:-:::.---:::..:=:::---------_-.:.:.:.:_..__::::_:.C'_:.:=_n._ Dollars 1$ .15.000.00 ), 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 _~ to said mortgagee. payable as expressed in said note. and w secure the performance of all the terms and conditions contained th~rein. The terms of said note are henIDy incorponted herein by this reference. I t is the intention and agreement of tbe parties hereto that this mortgage shaH also secure any future advances made to said mortgagor ___ by said mortgagee. and any and all indebtedness in addition to the amount above st.ated which said mortgagors. or any of them. may owe to said mortgagee. however evidenced. whether by not.€'. hook account or otherwise. This mortgage shall remain in full force and effect between the parties hereto and their heinl. personal repmsentatives, successors and assigns, until all amounts secured hereunder. including future advan\."es, are paid in fuB with intere-.st The mortgagor ----$-- hereby assign to said mortgagee aU renw and income arising at any and aU 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 SBtd 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 olh~rwise. 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 not-e- and of tl-js mortgaKt'!. If said mortgagor S shall cause to be paid to said mortgagee the entire amount due it hereunder. and under the terms and pnwisions of said note hereby secured. including future advances, and any extensions or renewals thereof in 8ccoroanct> with the tenus and provisions thereof. and if said mortgagor _5...___ shall comply with aU the provisions of said note and of this mortl"rage. then these pn>-.sents shall be void: otherwise to remain in full force and effect, and ~id mortgagee ~hall he entitled to the possession of aU of said property. aud may. at its option. declan; the whoae of said note and all indeb~s represented thereby to be immediately due and payable, and may foreclose this mortgagt" or take any other legal action to protect ita right. Appraisement waived. This mortgage shall be binding upon and shall enure to th~ benefit of the heirs. executors. lldminisLT8tors, SUCCl."S-sors and assigns of the respet'tivt! .puties hereto. IN WITN~;SS WHElmOF. .aid MortgagorS Ke,~~~~ndt /L~ ha VB hereunto sct,.::..r.heir. hand Si_ the day and year first abovt' /1< -,-,'/ .,. L"-~lU.,l.,,'" '_' .'-'C_ ;.-x.o.........- Colleen f. S'lman