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<br />79-. G0~704 MORTGAGE
<br />THIS INDENTURE, made Chia 12th day of__June 1979 by and between
<br />Richard D. Arnold and Darlene D. Arnold, husband and wife, each in his and her own
<br />riltht and as spouse of the other, _
<br />of Ha11 County, Nebraska, as mortgagor 9 ,end Grand Inland Trust Company of Grand Island, a corporation
<br />organized a~ existing under the laws of Nebraska with its principal affue and place of business at Grand Island, Nebraska, ea mortgagee;
<br />W ITNESSETH: That said mortgagor ~__ .for coil in rnnsideration of the sum of _- __
<br />**Twelve Thousand fifteen and no/100ths** _ _ ~ , : ~~:~;U15.n(~ !
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<br />the receipt of which is hereby aclmosvledged, do ..T by these presents mortgage and warrant unto said mortgagee, its succeeaora and assigns.
<br />forever, aB the folbwing descnbed real estate, situated in the County of __ Hal i ___ __
<br />:and State of Nebraska, m-wit:
<br />Lot One (1) in Block Two (2} of Capital Heights Second Subdivisilbn,
<br />Being a Part of the Southeast Quarter of the Southwest Quarter
<br />fSE-1(4 StJ-1/6) of Sec[ian two (2), Township Eleven (11) North,
<br />Range Ten (iii} +west tai the Si~tth P.ci. , nail Ctsttnti, Nebia~ita.
<br />Together with all heating. air conditioning. lighting. and plumbing equipment and fixtures. inctuding screens, awnings, storm windows and
<br />doors, and window shades or blinds, used on or in connection with said property. whether the same are new lotxted on said property or hetaefter
<br />pkaced therein.
<br />1'0 HAVE AND TO HOLD THE SAME, together with all end singular the tenements, heredrtatnents and appurtenancm thersanm be-
<br />kmghrg, or in anywise appertainhrg, forever. and wnr:ant the title to the same. Said morgagor s hereby covenant-with said
<br />mortgagee Chet..S_ be y_~Te _, et the delivery hereof, the Iewful owner-_>z_ of the premises above conveyed and described.
<br />sad 8Te aeixed of a good and indefasrble estatz of inheritance [herein, free end clear of all encumbrances. and chef they will
<br />warrant nail delhnd the title therein forever against tbe claims and demands of all parsons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered m secure the payment of the sum of
<br />**'itrelve Thousand Fifteen sad NoJ100ths** Doilarats 12,O1S.00 _!
<br />with interest thereon, together with such charges sad advances as roar 6e due a~ payable m said mortgagee under the terms and coeditions
<br />of the promissory Dote of even date herewith and secured hereby, executed by said mort$agotF~_to said mortgagee, payable as expressed
<br />in acid note, om to secure the pwformeace of all the terms and conditions contained therein. The corms of said note are hereby mrorporated
<br />heeem by this refer®ce.
<br />It ie the intentim and agreement of the parties harem that this mortgage shall also astute any future advatrcea made m said mortgegorS-
<br />by said mortgagee, sad any and all indebtearresa in addition to the amount above stated what, said mortgagors, or any of them, may owe m
<br />aid mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force end effect between
<br />the petUee hereto and their hilts, personal rgrresentatives, successors and assigns, until all amounts seturnd hereunder. including future
<br />advaaaee, are paid in fuL' with intaest.
<br />The awrtgagor_~ hereby assign _ w aid mortgagee all rents and ituame arising at any and all times from said property and
<br />hereby enthariae said mortgagee w its agent, at its option, upon default, m take charge of said property sad collect all rents and income
<br />t6esR$rttm and apply t.~ name to the payment of internal, principal, insuzsnee premiums. lazes, asseaements, repairs or improvements
<br />necessary to keep aid property in tenantable condition, err to other charges or payments provided for herein ev in the note hereby securwi. This
<br />rent sasigoment shell continue is force unu7 the unpa~ balance of said note is fully paid. The caking of possession hereunder shall in rro manner
<br />prrvmt rn retard aid mortgagee is the cdlection of said sums by foreclosure w otherwise.
<br />The feHme of the mortgagee to aaert anp of its tights hetatadaz at soy time shall not be construed ere a waiver of its right m assert the
<br />ame at say kai~ time, anr3 to inaiet upon e~ e~orca strict compliance with all the terms end provisions of said note and of this mortgage.
<br />If said mortgagor a shell tense m be paid to said mortgagee the entire amarnt due it hereunder. and under the terms errd provisions
<br />of said cote hereby eewrad, ©eFuding future advances, and any ezteneiona or renewata thereof fn accordance with the terms and provisions
<br />thateof, ~ if said 9 shall cemplp with all the provisxras of said nMe and of thin mortgage, then these presents shall be void:
<br />othmwiss W remain in tuRliorea nail afieU., sad acid mcetgagee shall be ertitled m the ptrsaeaaion of all of aid property, and may. at ice option.
<br />dachts fhs while o£ said cote and aR indeb0edme tepreeented thereby to be immediately due a~ payable, and may fsreeloee this mortgage
<br />err take lay ot3re< legal actiea to peatect ice right. Appraisement waived.
<br />This mortgaas alul! 6e binding won sail shall mute m the benefit ~ the heirs. executors. administrators, atrcceeeors and assigns of the
<br />tespxtive paartiee heeew.
<br />IN WITNE93 WHEREOF, aid Mortgagor a h• v0 hereunto net their vends the day and year fast above
<br />written. !~
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<br />Dar ens rn
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