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<br />THIS IPIDE2dTURE, made this 6th day of April ., I9 79, by and between
<br />Forrest L States aad fityla R States huabaad and waft each in his and her own
<br />aad as spouse of ihe_ather
<br />of Hall Connty, Nebraska, sa mortgagor4 and Grams Island Trust Company of Grand Island, a corporation
<br />organized and eaistiag under the laws of Nebraska with its principat office aaQ place of business at Grand Island, Nebraska, sa mortgagee:
<br />W ITNESSETH: That said mortgagor s .for end in conaiderataon of rice sum of
<br />**Three Thousand Six Aundzed Fifteen and No/100ths** .- -- ~- °..x,615+~ t
<br />the receipt of whicY. is hereby acknowledged, do - by thane presents mortgage and warrant untuae~a'Her~agee,, its succors and assigns.
<br />forever, all the following descnibed real estate, situated in the County of Hall -
<br />Sand State of Nebraska, to-wit:
<br />Lot Twelve (12} in Vflla Mar Dee Subdivision of Lota Seven (7) and Eight (8)
<br />in Wiadalph`a Subdivision, and Lot Tlaelve (12) of the Subdivision of Lot Nine (9},
<br />is Windolph's St><bdivision of Part of the Northeast Quarter of the Northwest Quartet
<br />(NE-114 NW-1/4) and Part of the Northwest Quarter of the Northeast Quarter (NW-1/4
<br />NE-1/4) of Section Fourteen (14), Township Eleven (11) North, Rangt Nine (93 west
<br />of the Sixth (6th) P,M., Ha11 Countq, Nebraska.
<br />Together with e11 heating. sir conditioning, lighting, and plumbing eouipment and fixtures, including screens, awnings, storm windows and
<br />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
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditamenta and appurtenances thereunto be-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor 8 hereby coveaarN. -with said
<br />mortgagee that.-_~he~ awe-- , at the delivery hereof, the lawful owner_fL_ of the prnmisea above conveyed and described,
<br />and are seized of a good and indefeasible estatz of inheritance therein, free and clear of all encumbrances, aml that~he~wili
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />**T2tret Thousand Six Hundred Fifteen and Na/100ths** Dava~ia_3 615.Q4 i.
<br />with interest thereon, together with such charges and advances as may be due and payahle to said mortgagee wader the ta.:..s and ~nditiors
<br />of the promissory note of even date herewith and secured hereby, executed by said mortgagor ~ to said mortgaa~. payeb~ as expreasrd
<br />in said rote, and to astute the performance of ail the fzrme and rnnditions contained therein. The terms of said note are hereby incorporated
<br />herein by this reference.
<br />It ie the intention and agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortgagor ~
<br />by said mortgagee, and any end all indebtedness in addition to the amount above stated which said mortgagors, or any of them, may owe to
<br />said mortgagee, bewever evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the patties hereto and their heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including future
<br />advances, sre paid in fuL' with interest.
<br />The mortgagorg_ hereby assign _ to said mortgagee all teats end inwme arising at any and ell times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property end collect all rents and income
<br />theretxom and apply the same to the payment of interest, Principal, insurance premiums, taxes, assessments, repairs or improvements
<br />necessary to keep asid property in tenantable condition, or ro other charges or payments provided for herein or in the note hereby secured. This
<br />rent saeignmeat shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner
<br />paeveat or retail said mortgagee in the collection of said sums by foreclosure to otherwise.
<br />The fn7ure of the mortgagee to assert any of its rights hereunder at say time shall not be construed as a waiver of its right W assert the
<br />Mme at any later time, and to insist upon end enforce strict compliance with ell the terms and provisions of said note and of this mortgage.
<br />I[ said mortrtgagoa 8 shall cause to be paid to said mortgagee the entire amount due it hereunder, a~ under the terms and provisions
<br />of Bald note ltsreby secured, including furore advances, end any extensions or renewals thereof in eocardence with-the terms and provis"tuna
<br />thereof, and U said mortgagor 8 shell comply with ell the provisions of said note and of this mortgage, then the.9e Presents shall be void:
<br />otherwise to amnaia in full force and effect. aad said mortgagee shall be entitled to the possession of all of said property, and may, at its option.
<br />declare the whole of sold rams and all indebtadrsesa represented thereby w be immediately due and payable, and may foreclose this mortgage
<br />ar take aqy other legal striae to protect its right. Appralaement waved.
<br />This mtrrtgage shall be binding upon sad shall snots to tbe befit of the heirs, eaectitors, administrators, auaessors and assigns of the
<br />respective patties hereto. _
<br />IN WITNESS WHEREOF, said Mortgegor~_haYe._hereunto s~ _ hand.-tl}e~jday and year first above
<br />wrlttan. ~. r v~Jl
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