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<br />THIS TNDENTIIRE, made this 7th day of August _^_. 79 74 by and betweer
<br />Gerald G. Baker and Wanetta A. Baker, husband and wife, eac8 in his and her ova right
<br />as snores of th< other
<br />of II812 County, Nebraska, es mortgagor $._, and Grand Island Trust Company of Grand Island, a corporation
<br />organized sea existing ++nder the lava of Nebraska with its griacigal office and place of business at Grand Island, Nebraska, as mortgagee:
<br />WITNESSETH: That said mortgagor S , for sad in conssdesatioa of the sum of
<br />**Eight Thousand Two hundred Binety-one and No11z70ths** DollaralE 8,291.00 i
<br />the receipt of which is w.reby aclmowledged, do by these presents mortgage xnd warrant unto said mortgagee, its sucressors and assigns,
<br />forever, ell Cite following described real estate, situated in the Counsy of
<br />and State of Nebraska, to-wit:
<br />Lot Eighteen (18), Except the Westerly Four Feet (4'},uf
<br />Block One {1} Knickrehm Third Addition to City of Grand
<br />Island, hall County, Nebraska.
<br />TogtKhor with ell heating, air conditioning, lighting, sad plumbing equipment and fixtures, imtuding screens, awnings, storm windows end
<br />doors, sad window shades or blinds, used on or in connectroa with said property, whether the same are now lornted on said property or hereafter
<br />pissed thereon. ~ ~
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenateeea thereunto be
<br />Lsrging, ar in anywise appertaining, forever, and warrant the title to the same. Said morgagor ~_ hereby covenant ~._ with said
<br />mortgagee that _--the ~ 8re -. at the delivery hereof. Lhe lawful owners -- of the premises above conveyed sod deserbed,
<br />atd~I~_ _ seised of a good end indefeasible estate of inheritance therein, free and clear of all enrumbraztcas, and that t he,p~wiU
<br />warrant sad defend the title thereto forever against the claims end demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument ie executed and delivered to secure the payment of the sum of . ._
<br />__*??~~tThousand TSO fltindre3 I+Tine~ one and 'Nn; 140t:ts;** _ I3oliareta._. ti=291.f?o 3,
<br />.. -. ~' :.az.~. e~~ .,®:fir R;:t, au h ~~,~~a ~k _„~ ~ a,e . i,., a~ ~°., ~ -~ £a,r ~ ~_~ ~ ^ ~ ~~~_
<br />of the nmmia~n tare of eve?+ darn h_are,yitl+ anf awe~~e~ l t~.ot,y, .. e,•,.rM.i by nn~ .,,.. __ $ ~ QW,,a.a ,w ~~ .,.uaw, ~ ~__
<br />in said note, std to secure the performance of ell the terms and cond`uions contained therein~'1 tee terms of nail cote are hereby incorporated
<br />h~ by thin rf?erer~.
<br />Tt fa the iatent~a and agreement of the parties hereto that this mortgage shall else secure any future advaeteea made to said martps,f{s:r S
<br />by said mort,Tagne, and any sad all indebtedness in addition to the amount shave stag which said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidene~f, whether by note, book account or otherwise. This rrsortgage shall remain in Pali torte and affect between
<br />the parties heCEtO and rhea heirs, personal representatives, successors and assigns, until all amounts aentrcd hereunder, including future
<br />advances, are paid in fuL' with interest.
<br />The mortgabrot $ .hereby assign ._. to said mortgagee all rents and income arising at any and elf times from slid prvpeaty and
<br />hereby authorirs raid ttwrtgegee or its agent. at its option, upon default, to talcs charge of said property and cotltrt alE rents and imome
<br />thereftvm and apply tM same to the payment of interest, grimipal, insurance premiums, taxes, assessments, repeirx or improvements
<br />necessary to keep said property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent asaignrnant shall continue in force until the unpaid balance of said note is fully paid. 1'he taking of passession hereunder shall in no manner
<br />prevent or retard said tnortgagee in the collection of said Hums by torecloeure or otherwise.
<br />The failurro of the mortgagee to assert any of its rights hereunder nt nny time shall hoe be construed as a waiver of its right to assert. the
<br />same at any later time; sad to insist upon and enfot+x stria caapUance with all the texrra and provisiorw ~ said note and of this mortgage.
<br />if said mortgagor a shell cause to be paid to said mortgagee the emirs amount due it hereunder, and under the teens and provisions
<br />of said cote hereby encored, inchrdirtg future advances, std any extensions or renewals thereof in pceordaace with the earths and provisions
<br />tharao€, aml !t said mortgagar 9 _ ahaII comply with all the provisions of said note end of this mortgage. than these presents shall be void:
<br />otherwise to remain in full force and effect, and safd mortgagee shall be entitled to the paasession of all of said propeety, and may, at Ire Option,
<br />declare the wkole of said oats and all iadebtedmss repteaeated thereby to bn immediately due sad payable, aed cosy foreclose this mortgage
<br />or take pay other legal action to protect its -right. Aggraiaement waived.
<br />This mortgage shall be biadittg upon sad shall enure tq the benefit of the heirs, executors, adrninistra[ots, sut~sors and assigns of the
<br />respective parties-hereto.
<br />IN WITNESS WHEREOF, saki il!nrtgagor e ~ Ve hereunto e~ theiY ..hand H=.the day end year first above
<br />wiftten.
<br />A -c ~
<br />~aaetta Baker
<br />
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