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79--~ ~~~~~~ 11AO~TGAGE.
<br />THIS INDENTCJRE, made this 14th day of March 19 79 _, by and between
<br />DE3Iit=LAS R. WAlIKI27S and JANICE L. WADKINS, Husband and Wife, each in his and her own
<br />_right and as spouse of the other
<br />of Hall _County. Nebraska. ea mortgagor S ,and Grand Island Trust Company of Grand Isiead, a earporat»n
<br />organized end snaring under the taws of Nebraska with its principal office e~ place of business at Grand Island, Nebraska. as m~tgagee:
<br />WiTNESSETH: That said mortgagor ~ ,for end fn canaideratioa of the sum of
<br />**Four Thousand Fifteen and No/1QOtt:s** -~,i715~fl6~.
<br />,1~gllara (~,-.-- r------ t.
<br />the receipt of which is hereby aclmowledged, do ~ by these pt~^aents mortgage and warrant unto adid misttgagee; its edeCeseota end assigns.
<br />forever, all the following described reef estate, situated in the County of ~ a ` 1
<br />,and State of Nebraska, to-wit:
<br />Fractional Let Five (5), in Fractional Blocs: Four (4), in Russe7.Xv`heeler's
<br />Addition to the City of Grand Island, Hall County, Nebraska, and its complement
<br />being a piece or parcel of land in the Northwest Quarter of the Northeast Quarter,
<br />(NW-1/4 NE-1/4) of Section Sixteen (lb), in Township Eleven (11) Vorth, Range Nine
<br />(9) West of the bth P.ri. which two tzacts takes together form a rectangular tract
<br />of ground hearing a Northerly €rontage of Fifty-two and eight tenths Feee {52.6`)
<br />on Ninth Street, in said City a depth of One Hundred Thirty-two Feet (132'}, and
<br />hounded an the South, by the alley in said block.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and futu_-es, including scrcens. awnings, storm windows and
<br />doors, sad window shades er blinds. used on err in coaaeetioa with acid prroperty. w:^,tz~r tlm same ere ~3w !oceted on sasf property or hereafter
<br />glace theseon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the teaemeata, hereditaments and appurtenances thereunto be-
<br />longiag, or in anywise appert~_g, forever, and warraztt the title to the same. Said motgngar~._heteby covenant--with said
<br />mortgagee that t had are , at the delivery hereof, the lawful owner__~ of the premiaee above wnveyed sad described,
<br />sad are seized of a good and indefeasible estate of inheritance therein, free sad dear of all eneumbranaes, end that ~ he~will
<br />warrant amt defer the title thereto forever against the eleima and demands of alt persona whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure Lhe payment of the sum of
<br />**Four Thousand Fifteen and Nol200ths** Tb))arsig L,015.0C f.
<br />with. interest thereon, together with each charges and advances es may be dun and payable to said mortgagee under the terms sad conditions
<br />of the pmmiseory ~m of even date herewith and secured hereby, ezeeuted by said mortgagor 5 to said mortgagee, paynbta as expressed
<br />is said ante, and to secure the performance of sii the terms and cotsdkioaa contained therein. Tice teru.a of said Hate ere hereby incorporated
<br />herein by this refer+eace.
<br />It is the httentiaa and agreement of tine parties hereto that this mortgage shall also secure any future advances made to said mortgagors
<br />fry said mortgagee, and any sad all indebtedness in ndditiaa to tine amount shave stated which said mortgagors. or any of them, may owe to
<br />said mortgagee, however evidenced, whether by Hots. book account or otherwise. This mortgage shall remain in fuQ force end affect between
<br />the parties lrexeto and their hairs, personal reozesentakives, successors sad assigns. until all amouaLa secured hereunder, including future
<br />advances, are paid in fuL' with interest.
<br />The mortgagor ~ hereby assign ~ to said mortgagee ell yenta end income arising « any and all times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rents and income
<br />therefrom e~ apply the same to the payment of interest. Principal, iasurence Premiums, loran, asaesaments, repairs or improvements
<br />necessary to keep said property in tenantable coaditior., or to other charges or paymante provided for herein or m the note hereby secured. This
<br />rent aseigament alrell contsnue fa force until the unpaid balance of said nor is fully paid. The testing of possession hereunder shell in ao manner
<br />provenkar retard said amrtgagee iQ ttm cotlecttia of said name by foreclosure az otherwise.
<br />The failuro of the martgagae to seeut say of its rights hereunder at any lima shall not be construed as a waiver of stn right to assert the
<br />soma at any later time, exrd W insist upon sad enforce strict wmpliance wiLir all the tRrma and Provisions of said cote and of this mortgage.
<br />If ssti marl:g~~or s ahaS cause ur be paid W said mortgages the entire amount due it hereunder. em! under t}_~e terms and provisions
<br />of said ante hereby aearred, including future advances, sad any extensions or renewals thereof is at'cordams with the farms and provisions
<br />thereof. aed if said mortgagrn•.fi_- elrall c~p1y with all Lhe provfeiona of said ate and of thin mortgage, then these presets shsl! be void:
<br />othtQr-ise to remain is full fog and erect, Had said mortgagee shell be entitled to the poeeeaeion of all of said property, end may, at its option,
<br />denlare the whole of said note sad all indebtedness represented thereby to be immediately dos and Payable, and may foreclose this mortgage
<br />or take unit otiasz legal action 4o protect its right. Appraiasment waived.
<br />This mortgage ehdt bo binding upon ems abuts emus to the benefit of the heirs. ezecaWre, adnriniatratora, arrcces~rs end assigns of the
<br />respective partJea hereto. -
<br />.IN WITNE38 WIiEA.EOF, saki Mortgagor g ha ve hereunto set tires ~ s t day end year first above
<br />written. ( ~ ~ 17~,/~
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