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<br />7s- Ut~~~455 RJI®RTGAGE
<br />THIS INDE.NTU)2E, made this 6th _. day of July _____, 19 79 by and between
<br />~f rharri n natn„rh and Nancy L Demuth husband and wife, each in his and her own rirzht
<br />and as spouse of the other, _^___ ____ __
<br />o{ Hatt County, Nebraska, as mortgagor s ,and Grand Island Trust Company of Grand Iatanti, a corporal»n
<br />organized attd existing under the laws of Nebraska with its principal office and place of business at Grand Fsland, Nebraska, as aortgagee;
<br />W ITNESSETH: That said mortgagor _ s _ , for and in consideration of the sum of -_
<br />Thirteen Thousand and no/100 - - - - - -,_ - - - - - - - - - DollaralS~ 13.,000.;04 j
<br />the receipt of which is hereby ackrowfedged, do - by these presents mortgage and warrant unto said mortp~gee. ita_Attc~~snd,:'jg°8.
<br />forever, ell the lot»wiag described real estate, situated in the County of ._ Hall ~ - - - -- "
<br />end State o£ Nebraska, to-wit:
<br />Lot Twenty-One (21) in Block One (1), lzttickrehm Second Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />Together with all heating, sir conditioning, lighting, and plumbing equipment and factures, including screens, awnings, storm windows and
<br />doors, nod window shades or )slinds, used as or is connection with said properly, whether the same are now located oa said property or hereafter
<br />ptseed thereon. d
<br />TO HAVE AND TO HOf,D THE SAME, together with all end singular the ieaements, hereditatceaLs and appurtenances thereunto be-
<br />bagiag, or in anywise appertaining, forever, aad warrant the title to the same. Said morgagor _~_ hereby covenant .---with said
<br />mortgagee that LbeY ate __, at the delivery hereof, the ]awful owner_S of the pzpmises above conveyed and deacnbed,
<br />aml era seized of a good sad iadefeasrble estate of inheritance therein, free sad clear of all encrtmbrances, and that ~6ey_will
<br />warrant and defend t~ tide thereto forever against the claims and ,~~..~.ia of nIl persons whomsoever.
<br />PROYIDED ALWAYS, and this instrument i9 executed and delivered to secure cbe payarent of the sum of ___.
<br />Thirteen Thousand and no/100 - - - - - - - - - IiollasstE_13 000.00 t,
<br />with interest thmeoa, together with such charges e~ advances as may be due and payable to said aortgagee under the terms and conditioes
<br />~ the promissory cote at even dote herewith a»d secured hereby, executed by said mortgagor 9 w said mortgagee, payable as expressed
<br />is ss~ fie, end W secure the performance of aIl the terms anG condit»ns trontaiaed tlrereGn. The terms of said note are 6e~eby incorporated
<br />brain by this rdaence.
<br />It ie the iateation a~ sgreem®t of the parties ]teretn that this mortgage shall also secure say future advances mode to said mor[gagor~
<br />by said mortgagee, end any and all i~ebredneas in addition to the amount above stated whirl. said mortgagors. or any of t}~m, may owe to
<br />said mortgagee, however evideo®d, whether by cote, book account or otherwise. Phis mortgage shall resale in full force and effect betw~n
<br />tare pertrs hereto mad their hefts. persocnl eeptesentawes, successors and assigns. until all aawunu secured hereunder. rndudu,g future
<br />sdvaooea, are paid in tuE with interest.
<br />The mortgagoz_g_ hereby assign _to said mortgagee all rents and income arses et any and all [ia,es from said property and
<br />berry aurhmixe said mortgagee or its agent, at iu opt»n, npoa default, to take charge of said pmpgty and collect all rents a~ irrcame
<br />the ®d apply tae same to the payment of inrereax. Principal. insurance premiums, cases. assessments. repairs or improvemcots
<br />nenmarq to key said pttrperty in tenencnbtn condition, ar to orbs charges or peym®w provided for herein or in the cote hereby secured. This
<br />tent aa~gnment stall continue in force anti! the unpaid bslmce of said cote is fully paid. The taking of possession hereunder shall in no manner
<br />ptev®t or retard eau! mortgagee in the eotltr~:ion of mid same by fo:edosute or otherwise.
<br />The fat7tae of the mortgagee m assert any of its rights itaxautrder at any time shell na ~ conswed as a waiver of its right to assert, the
<br />acme u any Ltar time, and to insist ,$,oa and enforce strict compliance with ell the trrma and provis»ns of said rote a~ of this mortgage.
<br />If acid martgsgoi E shall unee to be paid to said mortgagee the satire amount due it hereunder. and under the terms and provis»ns
<br />of said cote heeby sea[md, inrhrding future adwnras, and any extensions or renewak [hereof irr accordance with the terms sad pzovisions
<br />thseot, sad it said moRdegar _~ shall comply with all the pmvis»ne of said rote and of this mortgage, then these presents shaft be void:
<br />athertrbe W female in tog lase and ef6etY, sad eat mortgagee shall be entitled [o the poaaeasdoa of all of said property. and may. at ice option.
<br />tktelare the whole of said note and aH mdabte~ repeea~ted thereby to ba immed'ateiy due and payable, end may forectase this mortgage
<br />a take mrtp other 1ega1 action W prrrtect its right. Apprafsement waived.
<br />7'b~ mort;sge ahaIl 6e bindhtg upon and shell emus to the benefn. of the heirs. exetvtors, administrators, successors and assigns of the
<br />ire parties hereto.
<br />IN WITNESS WHEREOF, acid ffimtgagm ~ Ica ve ~~ set their 6e:rd s the day and year £u^s[ above
<br />wrfttea.
<br />-~~rd D. D h
<br />a L. mt~t t~'~
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