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<br />~g_ ~ ~-1 ~7~~ MURTGAGE
<br />THIS INDENTURE, made thv 1st day of May 19 7) by sad between
<br />Joseph A. Lempke and Peggy M. Lespke, husband and xi£e, each in his and her oxn zilsttt
<br />and ac~{IUSe of the other„ _
<br />~ Aall County, Nebraska, as mortgagor ~ . , and Grand IaLurd Treat Company of Grand Island, a corporation
<br />organized end ezisting under the laws of Nebraska with its priaopal office a~ p}ace of business at Greed Island, Nebraska, as mortgagee;
<br />W ITNESSETH: That said mortgagor B ,for and in consideration of the sum of
<br />**Three Thousand Eight Hundred Fortq-five and 80h00ths** araa~,~~3:~4~8t7` 1,
<br />the receipt of which is hereby aclmowledged, do - by these presents mortgage sad warrant un W said mortgagee, its suscoseors and assigns.
<br />forever, all t}re following described real estate, situated ie the County of Ha11
<br />and State of Nebraska, to-wit:
<br />Lot One Hundred and Six (IOoi of isuenaviata Subdivision in
<br />the City of Grand Island, Hall County, Nebraska.
<br />Together with all heating, air comfitioning, lighting, and ptumbing equipment and futures, 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 heteafta
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAtdE, together with ell and singular the tenements, 6eredstaments end appurtenances thereunto be-
<br />t
<br />kmging, or in nnywiae appertaitring, forever, and warrant the title W the sears. Said morgagor _~_ hereby covenant _ with said
<br />mortgagee that-~6e ° arP , at tl:e delivery hereof, the law.*ul owaer_8- of the premises above conveyed and described,
<br />and 8re seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrancce, and that_the~Lwili
<br />wetrsnt and defend the title thereto forever against the claims and demands of ell persona whomsoever.
<br />PROV iDED ALWAYS, end this instrument is executed and delivered to secure the payment of the sum of
<br />**Three Thousand Eight Hundred Forte-five and 80/100ths**Douarels 3.845.80 1,
<br />with inier~t thereoa, together with such charges and adveeces es may be due sad payable to said mortgagee ureter the terms and conditions
<br />of the promissory note of even date herewith and secured hereby, executed by avid mortgagor ~_ to said mortgagee, payable nor e:preased
<br />iataid Hate, and to secure the performance of eQ the terms and conditions contained therein. The terms of said note are hereby incarparsted
<br />herein by this reference.
<br />It is the intaetien and agreement of the parties hereto that this mortgage shell also secure any future advances made to said mortgegor8-
<br />by said mortgagee, and any and al! indebtedness in addition to the amount above stated whit}. 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 and effect between
<br />the pertras herein and their heirs, personal representatives, successors and assigns, until all amounts secured hereunder, including futon
<br />advances, are paid in full with interest.
<br />The mortgagor~_ hereby asaign._ to said mortgagee all rents and inmme arising et any ana all tinle6 from said property and
<br />~, hereby authorize said mortgagee or its agent, nt ire option, upon default, to take charge of said property end collect aA rents and income
<br />'~ therefrom and apply the same to the payment of interest, principal, insurance premiums, tease, asseeaments, repairs or improvements
<br />~~, nemasary ro keer said property in tenantable condition, or to other charges or peymenta provided for herein or in the note hereby secured. This
<br />rent eeaignment 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 ~ retard said mortgagee in the wllectioa of said some by foreclosure or otherwise.
<br />The failtve of the mortgagee to assert any of its rights hereunder at any time shalt not be construed u a waiver of its right to assert. the
<br />same et any 4ter time, and to insist upon and enforce striM compliance with ell the terms and provisions of said vote and of this mortgage.
<br />E If said mortgagor & shall cause to be paid to said mortgagee the entire eraount due it hereunder, and under the terms and provisions
<br />of safd note hereby secured, including future advances, and any eztensiona or renewals thereof 1n accordance with the terms and provisions
<br />thereof, and if esid mortgagor 9 shall comply with all the provisions of said vote sad of this mortgage, than rheas preaente ahaU be void:
<br />othsrwlee to remain !n tell form and Meet, apd said mortgagee shall be entitkxl to the poeseaeioa of a4 of said property, and may, at ire option.
<br />deeLre the whole of said note end all indebtedness repteeeoted thereby to ba immediately Sue end payable, and Huy torecioae thin mortgage
<br />o; take any other teBal action to prated its right, Appniiaemssnt waived.
<br />This morttggge shalt be bindinq upon amt shall emus to the benefh of the heirs. executors, adminiatretors, successors sad sssigna of the
<br />respective parties hereto.
<br />1N WITNESS WHEREOF, acid Moetgagor~_ha,_YEhorwmto eel their hand&___t day and ear first above
<br />wdtcen.
<br />r'~
<br />~P mp .~`
<br />Pegrty ~: n
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