|
<br />79--4004153 M®R7GAG~
<br />THIS INDENTURE, made this 2fiih day of June 29~~ _, by end between
<br />John W. Ayres and Teresa TAI. Ayres, husband and wife, each in his and her own right and
<br />as spouse of the other,
<br />of 11311 County, Nebraska, as mortgagor s _, and Grand Ielaad Trust Company of Grand Island. a corporation
<br />or8anized and saisting under the laws of Nebrae$a with its principal office and piece of busineae at Grand Island, Nebraska, es mortgagee:
<br />WITNESSETH: That said mortgagor- s ,for and in consideration of the sum of -
<br />**Eighteen 'Thousand One Hundred tiinety and i:o/lOOths** Dnllers(a i8„190.00 1
<br />the receipt of which is hereby acknowledged, do ~ by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />forever, all the following described real estate, situated in the County of Ha l I ___
<br />and State ofNebreaim,to•wit:Lot Twelve (12), in °~rnhard Voss First Subdivision, Being a Yart of
<br />Lot-One (?}, Voss Subdivision, Located in the Sa=lthweGt (?uarter (5:4-1/4} of Sectian Eleven
<br />(11}, 'township Eleven (11} ~lorth, ?:sage :+ine (9), Nest of the 6th Y.'S., Hall County,
<br />`7ebraska.
<br />:~
<br />Lots inree {3) and four (4) in Reggae' Subdivision of a -serf of Che i+ortheast Quarter of
<br />the 'northwest Quarter ('dE-1/4 :Tti-114) and a part of the i3orthtcest Quarter of the Vortheast
<br />:,'-i1ac (i3"..°iii*' .r..-1i4} of o ..~ian ,-., °~. (?,`~,). -,,....~., i,, ri2v ~,. (11) '.d ;r tt', Racaga?
<br />tdine~{9), West of the 6th P.*r Hall Countv,~~ebrasl:a.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fizturea, including screens, awnings, swan windows and
<br />doors, and window shades or blinds, used on or in connection with said property, whether the same are now located oa said property or 6ervetfter
<br />placed hereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditameats and appurtenances thereunto be-
<br />longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagors hereby covemnt~wih said
<br />awttgagee that -~ be v are , at tbe trsiivery hereof, the lawful owneri_ of the premises above conveyed and described,
<br />s~ are aeixed of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that~he`i_will
<br />watxaat ebe defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PFiOV IDED ALW AYS, and this ia+trumeat is e=eeuted and delivered to secure the payment of the sum of
<br />**Eighteen Thousand One :;undyed .~linety and :v'a/100ths`* IMllarslb IS,140,0+) i.
<br />vih intttvat thereon, together with such charBce sad advances as may be due and payable to said mortgages under the terms and conditions
<br />of the gromiaeaay torte of even data herewith and secrued hereby, executed by said mortgagor B to said mortgagee. Payable as expressed
<br />in ssld note, and to secure the perfoemaaee of ap the terms end conditions contained tberein. The terms of said note are hereby incorporated
<br />)tmein by this reference.
<br />It is the iMaation earl agreement of the parties hereto that chic mortgage shall slso secure any future advances made to said mortgagor..
<br />by said mortgagee, sad my and afl ibeebtetlaess in addition to the amount above stated whirl. said mortgagors, or any of Cbem, may owe Lo
<br />salt! mortgagee, however evidenced, whether by costs, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the patties hereto sad their hare, pmsonal zepreseatacives, suaessors sad assigns. until all amounts secured bereunder, including fuwre
<br />advanoes, era paid in tuts with interest.
<br />The mortgagor s hereby eseiga _ Lo said mortgagee all rents and ;ncome ariaiq nt any and all Cimea from said property sad
<br />hereby authorize said mortgsgce a its agent, at its option, upon default, to take charge of said property and collect ail rents and income
<br />the end-apply the same to the payment of interest. Principal, insurance pmmiuma, testes, sssesantente, repairs or improvements
<br />Y W kceP said ProPe+tY in tenantable maditian, or to other charges or payments provided for herein w in the note hereby secured. This
<br />rent asaignmeat ehsll c~tinrte in force anti! the unpaid balance of said note is fully paid. The raking of possession herettader shall in no manner
<br />prevent or retard said mortgagee in the eoltection of said sums by foreclosure or otherwise.
<br />The fai2We of the mortgagee ie ssaett m1Y of its rights hereunder at any time aha11 not he construed es a waiver of its right to assert She
<br />same ax arty }ate lane, tsd to vrsist upm and enforr~ acrid compliance with all the terane and provisions of said cote and of this arortgage.
<br />H said mat;agor s stall cause Eo 6e paid to said mortgagee the entire amount due ;*_ hereunder. and under the teems and provisions
<br />a!' said note hereby secutsd, incuding future ndvaacee, and any extenaiona or reetewala thereof in s«onianee with the terms and provisions
<br />theesof, and it said mortgagor _~ slssg campty with all the provisions of said note and of this mortgage, the these presents shall be void:
<br />otberwiss to amaoa in fnIl totes and atfert, and aid mortgagee shat! 6e evtitied to the possession of aU of said propmty, and may, at its option,
<br />dadere the whdr of said nuts and all indebte~ess estsemmted thereby w be cn.n..~ti.rniy due and payable, end maY foreclose this mortgage
<br />a talcs asy otter iegd aetim w prateet its eight. Apprtisement waived.
<br />This mwtgtga shall be binding upon tad shall emrre to the ban~t. of the heir, eaenrtors, adminiataatora, aucceeaors end assigns of the
<br />n parties-hereto.
<br />Hi WITNESS WHEREOF, esid MarFgggor $_ he ve hereunto set ei -- hand$ the day and year first above
<br />written. - - - ~
<br />o ti "" e<Y ~( ,
<br />esa "`. byres ,
<br />
|