|
~~ ~'.
<br />THIS IlIDl~Pf°UEE, made thia_- 12th day ~ APtil _ i9 ~~ by and between
<br />Hobert ~I. Bersedez and I'~•'4 V. Bermssdgz, htu~and and wife, earn in his and her ow
<br />~,gI,r ar+d as souse of the other
<br />of H811 County. Nebraska, as mortgagor 8 ,and Grand Island Trust Company of Grand Island, a corpmatioa
<br />organized and existing uadpr the )awn of Nebrmka with its principal office and plan of business at Grand IsLaad, Nebraalca, sa ogee:
<br />W ITNESSETH: That sard mortgagor $ ,for and in comideratioa of the sum of
<br />**Ten Thousand Three Au+±dred Fhirt; un2 nuv ~yitv4tifs**
<br />" ' ~"'~ Douarals 14,331.54
<br />the receipt of which is hereby acimovrtedged, do - by these presents mortgage and warrant unto seal mortgagee. its successors and assigns.
<br />forever. all the following descn'bed real estate. situated in the County of Hail
<br />and State of Nebraska, to-wit:
<br />Lat Five (5) sad Lot Sin (b}, and South One-Half (S-1/2) of Lots
<br />Seven C7) and Eight (8) in Block Paur {4), it Vine Hill Addition
<br />to the Citq of Grand Island, Hali County, Nebraska.
<br />Together with ell heating, air conditioning, Lighting, and plumbing equipment and fixtures. including screens, awnings, atorrn windows amt
<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. f f
<br />TO HAVE AND TO HOLD THE SAIViE, together with ell and singular the tenements, hereditameats end appurtenances thereunto be-
<br />bnging, or in anywise appertaining, forever, end warrant the title to the same. Said morgagor ~_ hereby wvenant -with said
<br />mortgagee that -_3. he ~f are . at the delivery hereof, the lawful owner._8_ of the premises above conveyed and described,
<br />and axe _eeued of a goad and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that t he~will
<br />warrant a~ defer the title thereto forever against the claims end demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed std delivered to secure the payment of the sum of
<br />**Tea Thousand Three Hundred Thirty-one and 54/100tha** DollatslE 10,331.54 1,
<br />with interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the teens and conditions
<br />of the promissory nose of even d9te herewith and secured hereby, executed by said mortgagor 8 to said mortgagee, gay;this as expressed
<br />fn said ante. aml to secure the performance of all the terms and conditions contained therein. The terms of said note ere here `•~ incorporate~f
<br />herein 6;r tt!is refere>~..
<br />It ie the intention std agreement of the parties hero that this mortgage shell also secure any future advances made to said mortgagor
<br />by said mortgagee, s:d say sad elf indebtedness in addition to the amount above stated whirl, said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force sad effect between
<br />the peu•tres hereto and their heirs, personal representatives, suaessors end assigns, until all amounts secured hereunder, including future
<br />advances, are paid in fuL' with interest.
<br />The mortgagor.S-_ hereby assign _ to said mortgagee all rents end income arising at any and all times tram said Property and
<br />hereby authorize said mortgagee or its agent, at it€ option, upon default, to take charge of said property snd collect all rents and iacame
<br />therefrom and apply the acme to the payment of interest, principal, insurance premiarma, to:es. assesemcntta, repairs or imprwementa
<br />necossary to keep said property in tenantable condition, or to other chargee or payments provided for herein or in the note hereby secured. This
<br />rent aseignm~t shall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shell in no manner
<br />prevent or retard avid moxtgeigee in the colletM,ioa of said soma by foreclosure err otherwise.
<br />The failure of the mortgagee to assert eRY of its rights hereunder at any time shall not be construed as a waiver of its right to aeesrt, the
<br />name at aqy later time, and to insist upon and enforce strict compliance with ell the terms sad provisions of said note and of this mortgage.
<br />If said mortgagor B shall aruea to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of eaM note hereby secured, including future advances, and any e:teaeiona o: re~wels thereof in eccorda~e with tlw terms and provisrons
<br />thereof, sad if said mottgegor!g _ ehalf comply with all the provisions of said note end of this mortgage, then these presents shall be void;
<br />otherwise to-gain m full force anti affect, sad said mortgagee shall ba entitled to the possession of all of said propeety, and may. at its option,
<br />dedere the whole of saki ante and eiR indebbd~sa represented thereby W be immediately due end payable, sad cosy foreckae this toorigage
<br />or take nay othce legal action to protect its right. Apprafeement waived.
<br />This mortSage ehaU be binding upon and shall enure fo the beaetft of tae heirs, executors, adminletrators, suceeesors sad assigns of the
<br />napsctlve parties hereW.
<br />IN WITNESS WHEREOF, acid Moitgagor $ . ha vE hereunto set their ~ hand.8 the day amt year first abm•e
<br />written. n ~ -
<br />
|