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<br />THIS ZI'iDENi..,dE, made this 2nd der of August ~._,__. is 79 by and between
<br />Elmer L• ieJra¢e and Utha f4 tirafte husband and wife each in his and her own right and ae
<br />sparse of the other. ^
<br />~ HaII County, Nebreake, as mortgagor s ,and Graff Isiah Trust Co
<br />mpany of t>raad Inland, a corporal»o
<br />raganued and existing under the lawn of Hdrrasks with its principal of5ee nad plea of basiatsa at Grand Island. Nebraska, es mortgagee:
<br />W ITNESSdiTH: That said mortgag^r. ~ ,for and in coosideratioa of the sum of
<br />Five Thousand Twa Hundred Fourteen and 2D/lOQ - -_- - - - _ _ ~~ ~~~214,~p ~ ~I.
<br />rile receipt of which is heresy acknowledged. do _ by those presents mortgage and warrant unto said mortgtgee igns,
<br />forever, all the following desr..ribed rnaI estate, situated in the County of ______ __ Hal 1
<br />and State of Nebraska, to-wit: -° ~-
<br />Lot Eight (&), Fractional Block Six (fi), Gilbert's Addition to the City of
<br />Grand Island, Hall County, Nebraska;
<br />AND
<br />Fractional Lot Nine (3) in Fractional Block Six (6), in Gilbert's Addition to the
<br />City of Grand Island, Hall Courty, Nebraska.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures, including screens, awnings, storm wiotbws aru!
<br />doors, and wiadavr shades or blinds, used oa or in connection with said property, whether the same are now kuated oa said property or hereafter
<br />placed thereon.
<br />TO HP.VE AND TO HOLD THE SAME, together with ail end singular the tenements, hereditaments and appurtenances thereunto be-
<br />kmging, or in anywise appertaining. forever, and warrant the title to the same. Said morgagor_S_ hereby covenant __ wick said
<br />rtwztgagee that.L hey arP __, at the delivery hereof, the lawful owner S of the premises above conveyed a~ described,
<br />~s ~. are _r,e~ of a good and indefeasible estate of inherEtance therein, free and clear of all entumbranexs, a~ that ~ ha.=L wiU
<br />warm*_ and d~ the title th,.F.,ta forever ag~irst the claims and demands of aH persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />F?.ve Thnu4and T+?e Hurd_d Fourteer, and 2Ei,' 00 - - - - -= ~~ tffi 5 ~' it 2v -i.
<br />with ~t9,~t tl~.~n, tagathez s~th such charges and advances as may be due and oayahle to acid mortga.,~ un•?g tl:e : ,:,,~ °~ d=.t~e
<br />of the pmmissary note of even date herewith and secured hereby, executed by said mortga¢or s _ to said fnf,.r~ v.hi_. ~ a.r..,~.,n~,:
<br />i° cacti .:..~.«rd ~*~ +.,,~ ps zorrnaneE of au the terms and conditions contained therein. The terms of said note are hereby incarparated
<br />~"m by r5.ia '_'`~~R..
<br />It ie the intention and agreemnot of the parties herero that this mortgage shell aLvo secure any future advances made to said mortgagora~
<br />by said mortgage?, and any and ell indebtedness in addit»a to the amount above stated whirl said mortgagors, or any o[ them, may owe to
<br />said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />cite psrttes hereto and their heirs, personal representatives, successors and assigns, until aU amounts secured hereunder. including future
<br />advances, are paid in fuL with iatereat.
<br />The martgagorg_ hereby assign _ to said mortgagee al! rents and income arising at any and all limas from said property and
<br />hereby authorize avid mortgagee or its agent, at its option, upon default, to take charge of said property and caU~t all rents artd income
<br />_ therefmm and apply the same to the payment of interest, Principal. insurance premiums, fazes. asseaements, repairs or improvements
<br />necesaar;' tee keep said property irr tenantable wndition, or to other charges or payments provided for herein or in the note hereby secured. 't'his
<br />rent assignment shall continue in force until the unpaid balance of said note is fully paid. The taking of poaseaeion hereunder shall in no manner
<br />prevent or retard said mortgagee in the celled»n of said name by foredoeure or otherwise.
<br />The failure of the mortgagee W assert any of its rights hereunder at any time shall not be coeatrued na a waiver of its right W eased the
<br />same at any later titre, sad to insist upon sod enforce strict t»mpliaoce with aU the terms sad provia»m of acid note and of this mortgage.
<br />If sadd mortgagors aha9 goes W be paid to said mortgagee the entire amount due it hereunder, sad uml~ the terms and provisions
<br />of said note haa6y aeurred, including future advances, a~ any eztensiens err ~.e-•-tea tlrare$f in sc~~; sv-Sth l~ t and prcvisiona
<br />Lh~sf, st>rl if aafd moor _$_. shall comply with all the provisions of said no~x and of this nmrtgsge, than theca presence shaII be void:
<br />otherwise w remain in fail Erma sod ~fect, sad said mortgagee aheil be entitled to the poseeeaion of all of saki properCY, sad may, at its option,
<br />detdats'~ wh~e of said o~ attd all neee repreeeatsd thereby to be immediately due and payable, arui may foreclose this mortgage
<br />or take sqy ather.legal action to pmiect lie fit. Appraisemeot waived. -
<br />Thie mortgage shall he binding upon amt shall enure to the henafit of the heirs, executara, adn,if.iacsr....
<br />raepective parii~ hereto , sutt~eaeors and assigns of the
<br />written. WITNESS WHEREOF, said Bsoriaegor~_hax~herwnto set- Yh€+ir hand_s_tha day end year Ever above
<br />~/~ f, j~
<br />liner ~I.,. W a e L'
<br />Utha AI. Wrage
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