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MORTGAGE THIS INDENTURE, made this ___ .- 11TH_._____ ^_. -day of — __Marr_ h.-___._..__. -____ ___ , 19 46_., by and between --AR NQ 3. SAATHOFF._IND__BARB M—J SAAT W-F. -._H 1teLy. AND_AND WIFE of- Hal I 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 Island, Nebraska, as niortgtsee: WITNESSETH: Thatsaidmortgagor g , for and inconsideration ofthe sum or TWO THOUSAND THREE HUNDRED STXTY DOLLARS AND 50 /100 ----------------------------- - - - - -- Whnfi 2,360.50 ), the receipt of which is hereby acknowledged, do by these presents mortgages & , its successors and assigns, rf r forever, all the following described real estate, situated in the County of Ha I I to tea' -' and State of Nebraska. to -wit: > LOT NINE (9), IN BLOCK ONE (1), OF AXT AND HAGGE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Together with all creating, air conditioning, lighting, and plumbing equipment and fixtures, 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 he- longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor-S_. .. hereby covenant. _ _ _ with said mortgagee that t he y. _. . are,. . , at the delivery hereof, the lawful owner. _S_ of the premises above conveyed and described, and____are._ . - seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that__thel— will warrant and defend the title thereto forever against the claims and demands of all persons whomsoever. PROVIDED ALWAYS, and this instrument is exocuted and delivered to secure the payment of the sum of _TWO__THO USAND._...__ THREE_. HUNDRED - SI.X.T_Y__ DOLLARS- AND -s0 /100_ -- _ -- -- _ —. - -- __ Dollars 15 with interact 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 mortgagors__ 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 S___ by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or any of them, may owe to said nkatgagee, 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 mortgagor,_S._._ hereby assign ____._. to said mortgagee all rents and income arising at any and all times from said property and hereby authorise 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 neoctsaaryr to keep said property in tettaatable condition, or to other charges or payments provided for herein or in the note hereby secured. This mat 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 renewaL% thereof in accordance with the terms and provisions thereof, and if said mmtSagorS ___ -_ shall comply with all the provisions of said note and of this mortgage, then these presents shall be. void: otherwise toremain in fad [otter and affect. and said mortgagee shall be entitled to the possession of all of quid property, and may, at its option, declare the whole of said notes and all iedabtadnw represented thereby to be immediately due and payable, and may foreclose this mortgage or take any othw MSal action to protect its r*M. Appraisement waived. This nor sage shall be binding upon and shall enure to the benefit of the hairs, executors, administrators, successors and assigns of the »spectivt' parties hereto. IN WI-TNESS WHEREOF, said Mortgagor S his ve.. herettntn set their handS the day anal year first ohove writ RANDY J AATHOFF BARBARA -P n SAATHOFF .__1