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� � �g,�a07�4 MORTGAGE THI3 INDENTURE. made thie 4th dey of Februarv , 19 78 , }�y �d between � � Tvron R. Johnson and Wilberta A. Johnson, husband and wife, each in his and her own right and as apouse of the other, � of �1�- County,Nebraeka,as mortgngor S ,end Graad Isiend Truat Compsny of,Grand Island, e corporation � - � . �- � �. � organized and existing under the lawa of Nebreska with ita principal o�ce and place of business at Grand Island,Nebraeka,as mortgagee; � �� WITNESSETH: That said mortgegor_,for and in consideration of Lhe eum of � � � � . � �� Ei¢ht Thousand Six Hundred Thirty Seven and 86/100 - - �;'_�po��{R `"B'6�Fj:'8¢ �, . � t6e receipc of which is hereby acknowledged,do—by theae preeents mortgage end warrant unto eaid�mor'tgegea;its sucoesaors and asaigns. , . � � torever,all the following described rnal estste,situeted in the County of Ha1I . � � and State of Nebraaka,to-wit: �. A tract of land being a Part of Lot Eight (8) of the County Subdivision of Part of the South Half of the Southeast Quarter (S'� SF3�) of Section Sixteen (16), in Township Eleven (11) North, Range Nine (9), West of the Sixth P.M., more particularly described as follows Commencing at the Northwest corner of Lot Eight (8) of said County Subdivision as original y platted; Thence Southerly 40 Feet along the Westerly line of Cedar Street (being the Westerly Line of said Lot Eight (8) as originally platted); Thence Easterly 80 feet parallel to the Northerly line of said Lot Eight (8) as originally platted, to the Easterly line of said Cedar Street as the actual point o£ beginning; Thence Easterly parallel to the Northerly line o£ said Lot Eight (8), a distance of 58 feet; Thence Southerly parallel with the Easterly line of said Cedar Street, a distance of 79.45 feet; Thence Westerly parallel with the Northerly line of said Lot Eight (8) as originally platted, a distance of 58 feet to the Easterly line of Cedar Street; Thence Northerly along the Easterly line of Cedar Street to the actual point of beginning. Together with ell heating,eir wnditioning,lighting,and plumbing equipment end fixtures,including screens,awnings,storm windowa and �� doors,and window ehades or blinds,used on or in eonnection with said property,whether the aeme am now located on said property or her�fter . � � pleced thereon. - . TO HAVE AND TO HOLD THE SAME,together with all and singuler the tenements,hereditaments and appurtenances thereunto be- � �.� �. longiag, or in anywise appertaining. (orever, and warrant the title to the same. Said morgagor-S-hereby wvenent_with said � � . moctgagee that—�.he�+ yyo ,at the delivery hereof.Che lawful owner_�_ot the premises above conveyed and deseribed, . . �. . �and are seized of a good and indefeasible estate of inheritance therein,free and cleer of all encumbrances, end that�he}Lwill � � . .� . � � werrnnt and defend the title thereW fornver againet the claims and demands of all persons whomsoever. � � . �. . � � PROVIDED ALWAYS,and thie instrument is�eeuted and delivered to secure the payment of the sum of � . - � � � . . Rtoht Thnnaand Six Hnndred Thirty Seven and 86/100 - - - -DollarslS S 637.86 �, ' .� � � with interest Lhereon,together with such chargea and advancea es mey be due and payeble to said moRgagee under the terms and conditions � � � �� . �. � of the promiseory note of even date herewith and aecured hereby,executed by seid mortgagor_�to said mortgagee,payable as exprnssed � � � in�naid note.and W eeeure the performance of all the terma end conditions contsined the�in.The terms of said note ere heeeby incorporated � �. . �� herein by thia refereaee. � It in the intention and agreement of the perties hereco that this mortgage shall elso secure any future advancea made to seid mortgegor_� by said mortgagce,and any and ell indebtednesa in addition to the amount above atated whic6 said mortgegors.or any of them,may owe Co . � . � � said mortgagee,however evidenced,whether by note,book account or otherwise.This moKgage shall remain in full foree and effect between � � tha pnrtiee hereW and the"v heirs,personel representatives,successors and asaigns,until all emounta secured hereunder, including future .advances,are peid in fuL'with intereat. . The mortgagor_�hereby esaign_to said mortgagee all rents and income arising at eny and all Cimes from said property and hereby authorize said mortgagee or its agent,at ita aption,upon default,to take charge of eaid property and collect all renta and income � � � � � therefrom and apply the snme to the payment of interest, principel, inavrance premiuma, taxea, assessmenW, repalrs or improvemencs � � neceesary to keep seid property in tenmtable condition,or to other chargea or paymente provided for heeein or in the note hereby secured.Thie � � - � � �ent asaignm�t ehdl continue in force until the uapaid balence of said note is fully paid.The taking of posaession hereunder shall in no menner � � . ��. pzevent or ietard eaid mortgegee ia the collection of aaid�aums by forecloeure or otherwise. � � ? The failure of the mortgagee w esaert any of iW righW hereunder at any time ahall not be construed as a waiver of its right to esaert the � � � seme at any later time,and to insist apon end enforce atrict compliance with all the terms and provisiona of said note end of this mor[gage. � - If aaid mortgagor g ahell cauee W be paid to said morCgagee the entire amouat due ic hereunder,and under the temu md pro��isions � . of said note hereby eecured,inctuding future advancea,and any ezteanions or renewala thereofin aecordence with the terma and provisions , the�eof,and if eaid mortgagor B_ehell comply with ell the provisione of seId note and of thie mortgage,then these preaeats shall be void; � � � . o46eTwiee to remain in full force end eHect,md said mortgagee ahell be entitled to the posaeasion of all of eaid property,and mey,at ite option. � declare the whole of eaid aote end ell iadebtedneee repreaented thereby w be immediately due and payable,and may foreclose this mortgage �."� ;: � �.�.i . .or take aqy othv�legel action to protect ita right.Appreisemant waived. � _.- } � - , .�.� This mortgege ahell be binding npon and ahell eaure to the benefit of the heire,executors,administretoes.sueceseore and asaigne of the � u �reepective partlea h�eW. � � IN�WITNE3S WHEREOF,aaid MorGgagor_s-he y8-.hereunw aet_ *i+Pi r hand_.s_the day and year first above i: '� ,� . �written. . � � � .. . . � . � . �i � i . .. T SO . �-.:.�.... erta . o nson ' '— �