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79--UG36'~3 MORTGAGE
<br />THIS IlYDEHTUBE, made thin 11th day of .tune 19 _Z~, by end between
<br />Stephen W. Smith and Karla L Smith husband and wife each in his and her own right and
<br />as sonars of the other.
<br />of yal t County, Nebraska, es mortgngor _8-, and Grand Island Trust Company of Grand Is[end, a wrporation
<br />organized ®d existing under the laws of Nebraska with its principal office end place of business et Grand Island, Nebraska, as mortgagee:
<br />WITtiESSETH: That said mortgagor= ,for and in ccnsideretion of the sum of
<br />Ten Thnncand Fif e n and nn/700 - - - _ _ _ _ _ _ _ _ _ IJotlsrslt 10,015.00 1
<br />the receipt of which is hereby acknowledged, do _ by these presents mortgage and wartant unto said mortgagee, its successors and assigns,
<br />forever, efl the following described real estate, situated in the County of Hal l
<br />and State of Nebraska, to-wit:
<br />Lot Three (3) in Block Four (4) in Morris Second Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />Together with all heating, air co~itioning, lighting, and plumbing equipment and Futures. induding screens, awnings, storm windows rend
<br />doors. and window shades or blinds, used on or is connection with said property, whether the same are mw loceted on said property or hereafter
<br />phroed thereon.
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<br />TO HAVE AND TO HOLD THE SAME, together with all and singular t~ tenements, hereditaments and appurtenances thereunto be-
<br />kmgvrg, or in anywise er~r*_=~~ao, forever, and warrant the title to the same. Said morgagor_3_hereby covenant with said
<br />mortgngee that t ht3' are , at the delivery. hereof, the lawful owner S . of the premises above conveyed end described,
<br />sad are seized of a good and indefeasible estate of inheritance therein, free and clear of sU encumbrances, eral that t lm~' will
<br />warrant and defend the title thereto forever aganst the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this ir,straa,oat ~ e:seated end delivered to secure the }iay~at of the sum of
<br />Ten Thousand Fifteen and no/100 - - - - - - - - - - - - - 10.015 00
<br />with inferrer thereon, [o Dollars i8 1.
<br />gather with such charges and advances as may be due and payable to said mortgagee under the terms and conditions
<br />of the pmmiesay note of eve date herewith and secured hereby, ezetvted be said mortgagors to said mortgagee. payable as ezpresaed
<br />m acid note, sad to severe the performaaoe of all the terms and conditions contained therein. The farms of said note are hereby incruporated
<br />herein hY thin cderenoe.
<br />It is the intmtioa and agre®ent of the parties hereto that this mortgage shall also secure any future advances made to said mort.gagor~S_
<br />by said mortgage, and any and all indeW ednese in addition to [he amount above stated which said mortgagors, or any of them, may owe to
<br />said mmtgagae, however evidenced. whether by cote, book account or otherwise. This mortgage shall remain in tvI'_ force and effect between
<br />the per'~es hereto and their heir, personal reprexatstives, successors and assigns, until all amounts severed hereunder. including future
<br />advances, are paid in fuC with interest-
<br />The mortgagor S hereby assign _ to said mortgagee sU rents and income arising at any and alt times from said PrapeY.y and
<br />hereby authorize said mortgagee or its agent. st ire option, upon default, to take charge of said property and wllect all Teats and irxome
<br />therefium and apply the aa~ tv the payment of iateteni, Principal. insurance premiums, razes, assessments. repairs oc improvemeota
<br />necaeaary Lf7 keep said pmpetty in teaantabl8 madition, or [o other or
<br />rent. t nhatl wntiatx ~ force ~~ ~ u charges payments provided for herein or in tlw note hereby secured. This
<br />repaid balance of said note is fully paid. The taking of possession hereunder shall in no manner
<br />prevent err retard esid mortgagee in the collection or said s®s 6y foreclosure or otherwise.
<br />The future a<` the mmtgngee to assert any of its rights lureunder et any time shall not be coa.9trued as a waive.' of its right to assert. the
<br />enure et my hater lima. and tp insist upon sad enforce strict comptiance with all the ternvy end provisions of said note and of this mortgage.
<br />If said matgsgor s shall ease ro be paid to said mortgagee the eat:re amount due it hereunder, and ands the terms and provisions
<br />of said notes hereby eecered. indrrdnrg femre advaraeee, and any extemionn or renewals thereof is aecardance with the terms rend previsions
<br />thsad, sad $ said mortgagor ~_ shag comply with all the provisions of acid note and of this mortgage. then these preaeatn shall be void:
<br />otherwise W rasaia in fey face and ~, a~ aNd ~rtgegee shall be entitled W the possession of all of said Property, a~ may. nt its option,
<br />daelaa the what of said note a~ a[I iadsbtsdnesn repras~ted thereby w be immediately due e~ payable, a~ may fore.:inse this mortgage
<br />err take aqy other legal aaim to protect its right. Appraie~ent waived.
<br />Thin mortgage shaft he binding tgrora era! shall sauce to the benefit of the heirs, executors, edminiatratora, successors and ensigns of the
<br />mspeetive pestles hereto.
<br />fM WITNis'&S WHEB60F, said tNatgagffi-s_ ha vE'~ h~rato a~ thpi r "' lased ~_the day sad year first above
<br />wtittea.
<br />St~et~S.~W. S~ ~,,,_
<br />Karla L.~Sm~th
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