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7g--• u(~~~~8 6VIORTGAGE
<br />THIS INDENTURE, made this 9th __~_ day of Ma~__-______ ___ , 79 ~9_, by and between
<br />Gordon L. Sorensen and Kathleen A. Sorensen, hyisband and wife each in hiG and her own
<br />right and as apneas of the other,
<br />~ Hall County, Nebraska, as mortgagor s _ , and Grand Island Trust Company of Grand Lsla~, a corporation
<br />organixad end exfetfag order the Laws of Nebraake with its principal ot~ice and piece of business at Grand Island, Nebraska, ss mortgagee;
<br />W ITNESSETH: That said mortgagor _g_ ,for and inconsideration of the sum of __
<br />Four Thousand Six Hundred Sixteen and 20/100=_- - -_ - Dollarsfa_ 4,616:20 1.
<br />the receipt of which is hereby acknowledged, do ~ by these presents mortgage and warrant unto said mortgagee, its succe9vors and assigns,
<br />forever, all the fotbwinq described real estate, situated in the County of _ Hall _
<br />sad State of Nebraska, to-wit:
<br />Lot Una (1) and Lot Two (2), in Block Three {3), Fourth Addition to the Village of
<br />Cairo, Hali County, Nebraska, in Section Twentg-Four {24), Township Twelve (IZ} North,
<br />Range Twelve (12), West o£ the Sixth (6th} p.M.
<br />Ta~geth~ with e31 heating. air conditioning, lighting, and plumbing equipment and fixtures. including screens. awnings, storm windows and
<br />dome, and window shedea or blinds. used on ar in rnanect.ion with said property. whether the same are new located on said Property or hereafter
<br />pLcad Lhaeoa. t
<br />TO RAVE A,'~ID TO HOLD THE SAME, together with all and singular the tenanems, hereditaments and appurtenarrt~ there<rnto be-
<br />~g, or is asywiae appert<n±e9, forever, end warrant the title to the same. Said morgagor _S-hereby oovanant --_ with said
<br />> tit t hey are _, at the delivery hereof, the lawful owner S - of the premives above tom eyed and described.
<br />asd_-c'Lt? ae¢ad of a good a~ i~..~ ble estate of inheritance therein, free and dear of all encumbrances, and that_.t_.he~will
<br />warrant and dew the title thee~o forever against the dsims rind demands of all persons whomsoever_
<br />PROVIDED ALW AYS, and this ittstzumeat is executed and delivered [o secure the peyinea[ of the sum of __
<br />Four Thousand Sin Httndred Sixteen and 201100 - - - - - - Da,llars,s 4 616.20
<br />1.
<br />with interest thama, tc~getther with auth charges and advances ae ma~~ "tom due std payable to said mortgagee under t`ue terms and conditions
<br />of the ptomiseory rate of even date herewith and secured hereby, eaecuted hp said mortgagor ~_ to said mortgagee, paya'ole as expressed
<br />~ said vote. sad to asters the pesformanoe of all the terms and rnnditiona rnntaitred therein. The terms of said note are hereoy incorpastod
<br />bss® by this islarmrx.
<br />It fs i5e ~.effiaa and agreement of the parties Iseaeto that this mortgage shall also secure any fugue adv°aaces maw to said mortgegor~
<br />h9' said mmtgaeee., sad any std rill itdehtedness is addition to the amount above stated whcci. said mortgagors, or any of them, cony owe to
<br />said mortgagee. however evidenced, whether by note, book account or atherw ise. This mortgage shall remain in full force and effect b~.ween
<br />ales parties hereto end the heirs, personal representatives. suoeeasors and assigns, until all amounts secured hereunder, including future
<br />advmaae, are paid is fuL' with interest.
<br />The ~xtp~ar_~ hereby assign -- to said mortgagee a1I teats and income arising nt any std ell times from said property aid
<br />haaeby srrthoea ssef arwtgagae or its agent. at its option, upon default, to t.ke cl+nrge of said Property and tolkrex ell rents and income
<br />t3aers5um and apply the sst~ to the payment of internat. priacipnl. insurance prcmiunos. taxes, asseaamrnia, repel-s or improvements
<br />neomanry to keep said proportq in teaentable condision. or to orh~ charges or pevments provided for herein or in the note hereby secured. This
<br />reffi. asaig~eet shell cnntiaue is Eases until the unpaid balarxa o? acid arts is fully paid. The taking of poeaexaion hereunder shall in ao manner
<br />pessaet a ratsr~d ,add mas#ga®ee zr f}m oaltectim ~ saifl annals by foredoeaee ce
<br />The farms d the nrortgagce iv assert any of its rights haraurder ~. say time shat! not he cmrstrarerl as a waiter of its right to assert the
<br />acme at ally 3mter time. mid [o insist upon sad enforoe strict t~plisace with all the terms and provisions of acid rate and of this mortgage.
<br />U said awrf;agor g ehsdf tense tar be paid to acid mortgagee the entire amount due it hereunder. and undee the terms and provisions
<br />e#;;is5r3 ram 6tafiby saaored. including future advancen, and nary eariarsioas ar renewals thereof is aocardanee with the terms end provisions
<br />dae<eoi, sad it.sod $ ahsA comply with all the pmviaioas of said note sad of Lhis mortgage, then these presents eha}I be void:
<br />atlxwise to ram- is is ftt$ Lorca and ailed, eel said masteageashall be e'MH{~,I W the poeseesiaa of all of said property, sad may. at its option.
<br />dsdue tLs rebr ai amid ads sad a0 tepreseated thereby to be immed;ateiy due and payable, and may foretbae Chia a»rtgnge
<br />or farm ax>,v ,._.aR 7egr1 a,7.iao W prefect fta-right- Apptaiaenrent waived.
<br />.Tips ahaitha lapse sand sbmU errors do the hertefit ~ Lhe heir, exeurtore, edrrrinistratnrs. atrecesaon and asaigas of the
<br />regraetjva parties bseto.
<br />IiW WITNESS WHEBEtlF, said ldorfgagor _s-ha ]fE._ hereaato set__YhCjr.______hatd_S_the dny end year first above
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