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<br /> �$-- 0017�2 MORTGAGE
<br /> THI9 INDENTURE, mede chis__ 29th ���-�� dey of �rC� . 19_78 , by end between �
<br /> IY ` JII�4fIE J. NEWLUN ANU JEAN NEW►LLJN, husband and wi£e. each in his and har own riftht �
<br /> and as apouse of the other,
<br /> � of=�11 Covnty,Nebreeka,as mortgegor�_,and Geaad Ieland Trust Company of Greud Island, a corporacion � . �
<br /> �� organized and e�osting under the lewa of Nebraska with ita principal offiee and place of bueiaeas at Grend Islend,Nebraska, as mortgagee: �. � �
<br /> W I1'NESSETH: That said mortgagor 3 ,for eud in conaideration of the sum of . _. � . �
<br /> **Five Thousand Five Hundred Fifty-Nine and i3o/lOOths*�4 ,�•.. t,�����„} ��"�! �
<br /> ' j7Yc.0 3�r � .
<br /> the receipt of whieh ie hereby acknowledged,do—by theae presenta mortgage and werrant�unty sazd;cy�,tgagaC�i64�Yeg;¢and assigns, ,
<br /> . forever,el[the Eotlowingdeacribed real estste,aituated in the County of.___Na 11 � � � - .
<br /> � and State of Nebraska,Co•wit: � . � � .
<br /> 'The North Forty-seven (47) Feet of Lot Five (5), in Block Seven (7), in West p$xk
<br /> Addition to the Citq of Grand Island, Nebraska, and a tract of land lying North
<br /> and adjacent thereto, formerly being a part of West 12th Street of Said City, more
<br /> particularly described as follows: Beginning at the Northeast Corner of Lot Five
<br /> (5), Block Seven (7), West Park Addition to the City of Grand Island, Nebraska;
<br /> running thence West on the North line of Said Lot Five (5), a distance of one huadred
<br /> thirty-two (132) feet to the Northwest corner of Said Lot Five (5); running thence
<br /> North on a prolongation of the West line of Said Lot Five (5), a distance of twenty-eigh
<br /> (28) feet; running thence East parallel to the North line of Said Lot Fiwe (S) a
<br /> distaace of one hundred thirty-two (132) feet; running Ghence South on a prolongation
<br /> of the East line of Said Lot F3ve (S), a distance of twenty-eight (28) feet to the
<br /> Northeast corner of Said Lot Five (5), being the point of beginning in Hall County,
<br /> Nebraska.
<br /> � Together with all heating,aiz conditioni.ng,6ghting,and plumbing rquipment and fixWres, induding xreens,awnings,storm windows and �
<br /> � doors,and window ahades or blinds,used on or in connection with said property,whether the same are now locateci on said property or hereatter � � .
<br /> placed�thereon. � � � �. � �.
<br /> TO HAVE AND TO HOLD THE SAME,together with all and singular the tenements, hereditaments end appurtenances thereunto be- ; � �
<br /> _ loaging, or in anywise eppezteining, forever, and warrent ttre title W t6e same. Said morgagor$_hereby covenant with said -� � � �
<br /> �vwrtgegee t6at—�he Y aie. .,et the deiivery hereof,the lawful owner S of the premises above conveyed and deacribed. .� . �
<br /> ' and 81e seized of a good and indefeesible estete of inheritance therein. free and clear of all encumbrances.and that t he�will .' �
<br /> � warrant and defead the tiUe thereto forever againet the deims end demanda of all persons whomsoeven . �
<br /> � PROV IDED ALWAYS,and this instrument ia executed and delivered to secure the payment of the sum of . - ��
<br /> **Five Thousand Five iiundred Fifty-nine and No/lOOths** Dollarsls 5,559.00 �,
<br /> � with iatereet thereon,together with auch chargea and advances as may be due and payable to said mortgagee under the terms and conditions � � �
<br /> of the p'omissory note of even date herewith and secured hereby,executed by said mortgagor.�^_to said mortgagce,peyable as expressed .
<br /> ia esid note,and to aecure the perfortnence of atl the Lerms and conditions contained thereio. The terms of seid note are hereby incorporated .�
<br /> herein by thia reference. �
<br /> lt ia Lhe inteaLion and ngieemeat of Lhe parties hereto that Chis mortgage shall also secuce any future advences mnde to said mortgagor s � �
<br /> � by said mortgegee,and any and ell indebtedneva in addition to the amount ebove stated whicL seid mortgagors,or any of Chem,may owe to �
<br /> said mortgagee,however evidenced,whether by note,book eccount or otherwise.This mortgage shaA remain in full force and effect between � ..
<br /> - Lhe perties hereto end their heirs,personal mpresentatives,auccessora end assigns,until all amounts secured hereunder, including tuture ��
<br /> - advancea,ere paid in fuL'with intereat. .�.
<br /> The mortgagor $ 6eeeby aseign_to seid mortgagce ell rents and income arising at eny end ell times from said pmperty and �
<br /> ; heieby authorize said mortgagee or ite agent,at its option,upon default,to take cherge of said property end collect all rnnts and income �
<br /> � theretmm and epply the aame to the pnyment of interest, principel, ineurence premiums, t�es, aseesamenrs. repairs or improvements � .
<br /> . neceseary to kcep said property in tenantable condition,or to other charges or paymente provided for herein or in the note hereby secured.This .
<br /> ient aesignment sheil continue in force until the unpaid balance of eaid note is fully paid.The taking of possession hereunder shall in nm m�nner .
<br /> . prevent or reterd aeid mortgagee ia the collection of eaid aumn by foreclosure or otherwise. . �
<br /> The feilure of the mortgagee to assert any of ita righW hereuader at aay time ahell not be conatrued es e waiver of ita right to essert the � �
<br /> �� snme et any later E'une,and to ineist upon and enforce strict compUance with all Lhe terms and provisions of eaid note and of this mortgege. � � �
<br /> �� It seid mortgagotg ahall cause to be peid W said mortgagee the ent've amount due it herennder,and under the terms and pmviQions � ��� �
<br /> � of asid note Lereby aecured,including future adveacea,end any exteneions or reaewals thereof in accordance with the terms and provisions . � �
<br /> thereof,end if eaid moetgagor_�ahall eomply with all tha provisions of eaid note and of this mortgage,then these presents shnll be void; � �. � -
<br /> � otherwlae W romau�in fall force aad effect,sad said mortgagae ahall be entitled to the posse�aion of ail of said property,and may,et its option, !
<br /> � deelnre the whole of enid note and all indebtetinees repreeented thereby w be immedietely due and payable,and may fornclose this mortgege � �
<br /> .. ", or take sny other legat aetion W protect ita right.Appraieement waived.. . ....+.' "`..: ,�..�
<br /> ' Thie mortgage ehell be biading�upon aad ehall enuxe to the beneflt of the heirs,executors,adminietrators,successors and aseigns ot the �"�
<br /> respective partiee�bereto.
<br /> L IN WITNESS WHEREOF,eaid MortgagorT_ha ve hereunto aet their han�_the dey end year first above �
<br /> written. � �
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<br /> �.'�.a��_�l�v.�\v.,�n . .
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