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<br />79- t~t~3950 MQiR'~Ga4G~
<br />THIS INDENTURE, made able 14th day of Jana 13 79 by and between
<br />..^a J: Lee and Edra J, tee, husband and wife, each in his and her own right and as
<br />spouse of she other. _.
<br />of Hall County, Nebraska, m mortgagor s ,and Grand Island Trust Company of Grand Island, a eorpo:ation
<br />orgenized~ aed ezieting under the laws of Nebreslea with its prindpsl oflue amf place of business at-G:ead Ietend, Nebreake, ea mortgagee;
<br />WITNESSETH: That said mortgagor ~ ,for and in consideration of the sum of
<br />**Seven Thousand Eight Hundred Fifty-seven and Noil00ths** ~~~ 7~,,$S?r00- l
<br />the receipt of which is hereby ackmwledged, do _ by these presents mortgage and warrant unto said mertga~ge ~ic~uar~sagp~ s.
<br />forever, all the following described real estate, situated in the County of Hall ~ ..^.., - ~..~ _~. -....,..... ,,.,..-..~-_: ..
<br />end State of Nebraska, tc-wit:
<br />Lot Eight (8), Block Ten (10), in Gilbert'H Second Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />-Together with all beating, sir conditioaiog, lighting, and plumbing equipment sad futures, including screens, awnings, storm wiadowe and
<br />doors, sad windwr shades or blinds, used on or in connection with said property, whether the same ere now located on said property or hereafter
<br />planed there.
<br />TO HAVE AND TO HOLD TILE SAME. together with all end aingulsr the tenements. heredrtameata and appurtenances thereunto 6e-
<br />ketgnrg, or in anywise appertaining, forever, tad wstrant the title to the name. Sna morgagor s _ hereby covenant -with said
<br />mortgagee that -L. br3f are _, u the delivery hereof, the lawful owners of the promises above conveyed and deecr[bed.
<br />sod 82P seized of a goad end mdefeemble estate of in6i¢itanee therein, bee and clear of ell encumbrances, end that tha_Y._wit!
<br />wtnant sad defend the title tharaw foaever against the cLima and demands of sll persona whomsoever.
<br />PROVIDED ALWAYS, sad this inetrumeat is ezeettted and delivered to secure the payment of the sum of __
<br />**Sevea Thousand E1ght Hundred Fifty-seven and No/1DOths~g~f5 7,$57,DD l
<br />with inteaeet chaeon, together with such ebetgee and advmces as rosy roe due ~ payable to acid mortgagee user the terms ant! ooaditions
<br />a# the pmmiseary note of even date herewith sad eecmed hereby. exxvted 6y said mortgagor ~_ to said mortgagee. payable as espreaaed
<br />® said note, t~ to wave the performance of all the terms tad co:rditione mntaned therein. The terms of said note ate hereby ineaparated
<br />harem by able reference.
<br />It is tLe intention sad tgeoemeot of the parties 6e:eto that this moetgege shall also seNre my future advrnees made to said awrtgagorB_
<br />by acid mortgagee, and snq sad al iadebtedneee in additiim w the amount above stated whief, said mortgagors, or my of them, may owe to
<br />said awttgegae, howevm~ evidenced, whether by note, book account or otheewiae. This mortgage shall remain in full force and affect between
<br />the ptrtten hmeW and their heirs. pereoaal represeatativea, ava~ears and assigns. until all amounts secured hereunder, including future
<br />advances. ere paid in tall with interest.
<br />The mtrtgagor 8 hereby umgn -- to slid mortgagee all teats sad Tacoma arising at any and all times from said property and
<br />hereby antborixe said a»rtgegee or its ageac, et its option, upon default, to take charge of sain property and collect all rants sad income
<br />tket~rm sad apply the arms m the payment of iatgest, principal, insurance peamituna, taxes, sasessmcnta, repairs ur improvements
<br />,.ry to ~ mid property in re.,.,.r.,hle madition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent t shall rnattnue is force until the unpaid balance of said note is fu13y paid. The taking of possession hereunder shell in no manner
<br />preveet or retard said nrortgtgee in the toHection d said sums by foaerleenre a otherwise.
<br />The far7~s ~ the mortgagee to emmt ray of ate rights hareundc a6 a~ time ehal ~t be construed as a wti~ of its right to assert the
<br />mane at any Itts tame, a~ W insist upon and enforce s[riet mmpiitnee with all the terms and provisions of said note aad of this mortgage.
<br />If said moetgtgorH shall stares to be paid w mid mortgagee the entire amauat due it heremrder, emf under the terms and previsions
<br />of mid note haaeby eearred, inekrdiag future advtaraa, and say ezt~sions or renewals thereof in accordance with the terms end provisions
<br />fhae~, aid i# said mozgagor a ebaA oomplp with all the grovimas of said note and ~ this mortgage. than tl~eae pressers shall be void:
<br />otberwim to r~mein in fa8 fop sad tgfaat, sad said mortgagee shall be entitaed to the possessor of all of mid propmty, and may. at its option.
<br />der7ms the wbdeof said sobs sad aII ~ tspsaemafad tltmeby to be immediately dw s~ payable:, and may foreclpe this mortgage
<br />a take say ether legal aetirn to protect its right. Appraiaesaert waived.
<br />Tbie mgxtgafµ+ e4a11ba binding upon and shall erase to the baerIIt ~ the heirs, e:ecuton, administratore, eaetesaore and assigns of the
<br />raapecHva' parties hereto.
<br />IN RRTAtEa3 WI~REOF, pad Moatgsgar ~ ht ve heraanto ~ their bend $ the day and year feat above
<br />written. ` .~-.
<br />- -iza-~~~iLz e~e~~~-~ k-"-_ 9- _ ---
<br />li-~-
<br />_.__ ~a~~~"~-
<br />__Edra J,_ I.g~_-- ---
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