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<br />79- Utl1{;~,{~ lNIORT~;AGE
<br />THI9 INDENTURE, made this- 2tld . clay of April __ _ 19 _ 79_, by and between
<br />Roger A. Gads and Rarer A. Gads, Husband and Wife, each in his and her own right sad
<br />as spouse of the other,
<br />of Hall County, Nebraska, es mortgagor 8 ,and Grand Island Trust Company of Grand Island, a corporation
<br />organized end existing under the laws cf Nebraska with its principal office and place of business at Grand Island, Nebraska, as mortgagee;
<br />WITNESSETH: That said mortgagor 9 , for and in consideration of the sum of
<br />**Twenty-seven Thousand Niae Hundred Eighty and 56J100ths** ,~~~ ~,. 2714805~fi -_ 1
<br />the receipt of which is hereby acknowledged, do - by these presents mortgage and warrant unto said mgrtga`gee;'xts sucrs,agd assigns.
<br />forever, all the following described real estate, situated m ±he County of _._-_.- Hal l
<br />end State of Nebraska, to-wit:
<br />An acre tract of land located is the Southeast Corner of the South Half of Section
<br />Eleven (11), Township Twelve (12) North, Range Ten (10) Weat of the 6th P.M., in Hall
<br />Countp, Nebraska, errors par[icularlq described ere follows: Commencing at the Southeast
<br />Corner of Said Section Eleven (11), Running Thence North, along and upon the East Side
<br />of Said Section Eleven (11) a Distance of Two Hundred Eight and Seventy-five Hundredths
<br />~~, ';':;~ c~ ~~ot a^d Parallel rrirh the South Sids of Said Section
<br />(2vo°°.r~J ccet, Ru,auing =.. -
<br />Eleven (11) a Distance of Two Hundred Eight and Seventy-five Hundredths (208.75) Feet,
<br />Running Thence South and Parallel with the East Side of said Section Eleven (11) a
<br />Distance of Two Hundred Eight and Seventy-five Hundredths <208.75) Feet, Running Thence
<br />East, along and upon the South Side of Said Section Eleven (11) a Distance of Two Hundred
<br />Eight and Seventy-five Hundredths (208.75) Feet to the Point of Beginning.
<br />Together with e!1 heating, air conditioning, lighting, and plumbing equipment and fixtures, ittcludeng screens, awnings, storm windows and
<br />doors, and sriadow shades or blinds, used oa or in connection with said property, whether the same ere now located or, said property or hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto be-
<br />bngiag, or is anywise ap;rertaining. forever, and warrant the title to the same. Said morgagor S _ hereby covenant -with said
<br />mortgagee that -~ hem--mL~-._., at the delivery hereof. the lawful owrrer s of the premises above conveyed and descrbed.
<br />a~ are _ seized of a good artd indefeasible estate of inheritance therein, free and clear of all encumbrances, and that Cbe~will
<br />tearraat a~ defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is eaecutRd and delivered to secure the vment of the sum of __
<br />**Twenty-seven Thousand Niae Hundred Eighty sad 56{l~fha*~*t~~$ 27,480.55 1.
<br />with interest thereon, together with such charges and advances es may be due and payable to said mortgagee under the terms and conditions
<br />of the promissory mte of even date herewith and secured hereby, ezecuted by said mortgagor. a to said mortgagee, payable as ezpressed
<br />is said note, end to setaue the performance of all the terms and conditions contained therein. The terms of said note are hereby incorlwrated
<br />herein by this zefseace.
<br />IC is the intention and agreement of the parties hereto that this mortgage shah also secure any future advances made to said mortgagor a
<br />by said mortgagee, and say sad all indebtedness in addition m the amount above scaled which said morzgagors, or any of them, may owe to
<br />said mortgagee, however evid~oed. whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the parties hereto and their heirs. pe.~nal representatives, successors and assigns, until all amounts secured hereunder. including future
<br />advances, ere pod m foil Wah interest.
<br />The mortgagor~_ hereby assign _ to said mortgagee all rents and income arising at any and all times from said property and
<br />hereby anthorve eat mortgagee or its agent, at its option, upon de#eult, to take charge of said property and collect ell rents and i~ome
<br />therefrom and apply We same to the payment of interest, principal, insurance premiums, lazes, assessmeate, repairs ar improvements
<br />moesasry to keep said pmparty in tenantable condition, or to other charges or payments provided for herein or in the note hereby scrurrd. 'f hip
<br />tom. asaigament shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder stroll in nu manner ~
<br />prevent ~ retard esid mortgagee is the aviltar;.,~ of said sums by foreclosure or otherwise.
<br />The faitrrred the mortgagee to assert any of its tights hereunder at any lima shall not be construed as a waiver of its right to assert rbe
<br />acme at s~• later time, and to insist upon and enforce strict eornpliance with ell the terms and provisions of said note and of chic rrmrtgage.
<br />If said mortgagor 6 shall muse io be paid to said mortgagee the entire amount due it hereunder, end under the terms and provisions
<br />of said note herohy aecuretl, ineluding future sdvaaces, and any extensions or renewals tti4reof in aaordaace with the terms and provisions
<br />theeeof, and if said mott$sgw ~ shall comply with all the provisions of said note end of this mortgage, then these presents shall be void:
<br />othenrisa to theein is toll force and eHeec, and acid mortgagee shall be entitled to the poaeesaion of all of said property, and may, et its option.
<br />declare the whole of said note sad all iadebtedneaa represented thereby to be immediately due sad payable, and may foreclose this mortgage
<br />err take any other k+gal action W protieG its right. Appraiaement waived.
<br />This mortgago shall be bind'usg upon and shall enure to rbe befit of the heirs, executors, administrators, successors and assigns of the
<br />respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor L_ ha YE__ hereunto set hand the y and year first above
<br />written. - 1 ~ ~ /~.~f/j
<br />Rar A. Gads
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