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<br />THIS IND$lr'T'JRE, made ~ Ssh day of ... ast ~. 28 79, by sad between
<br />Rav_Tg-rri7l and L~Ilian R Terrfll, husband and wife each in his and her own right and
<br />as spouse of the other,
<br />of Hall _ County, Nebrastte, ae mortgagor s .end Grand Island Tract Company of Grand Island. a oorporstion
<br />organized and eais;ing under the laws of Nebraska wsth its printipal office and place of bu.:inesa at Gram Isfaad, Nebraska. sa amgegee;
<br />W ITNESSETH: That said awrtgagor s ,for and in consideration of the sum of -
<br />Six Thousand Tert and no/100 - - - - - - - -- - - - - - - - - - 5 QIQ.Qi?- ,;
<br />the recei of which is hereb aclmowl `^ ``t`- `..' ;
<br />pt y edged, do _ by tiw_ae presents mortgage and warrant unto said,mait~e, tie au~ara
<br />- ~~'a.
<br />forever, all the following dexribed real estate. eiwated is the County of __---- Hall ... .., ~~ ...~ .. .
<br />,and State of Nebraska, to-wit: -
<br />Part of hots Two Hundred Sixty-five (265) and Two Hundred Sixty-six (266), in
<br />West Lawn, in the City of Grand Island, Nebraska, more particularly described
<br />as follows, to-wit: Commencing at the Southwest corner of said Lot 266, and
<br />running thence North, a distance of One Hundred Three and Five-Tenths feet (10.5');
<br />thence turning and running East, a distance of Sixty Four feet (64'); thence turning
<br />and running South, a distance of One Hundred Four and Forty-Seven Hundredths feet
<br />(104,47'); and thence turning and running West a distance of Sixty-Four feet (64.0');
<br />to the paint of beginning.
<br />Together with all heating, air conditioning, lighting, and plumbing eGuipmsrrt and Cuturee, inciud' screens, aw
<br />urg slogs, storm windows sad
<br />loon, and window shades or blinds, used on cr in contraction with said property, whathez the same sae now located oa said pz+opstty or bermfesr
<br />pt:wd thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and siegular the teremeata, hereditataents and appurteaanoes thereunto be•
<br />, or in nnywise appertaining, forever, and warrant the title to the same. Said morgegor S hereby oovemnt ~. with nid
<br />~rigagee that t hay are , at the delivery hereo€, the lawful owner 3 of fire premiaee above canvayad end described,
<br />-,sad are ~izad of a ao~ and indafeasibie estate of inheritance therein, free and clear of all encumbreaces, and that ~he~wiif
<br />warrant sad dafa»d the tide thereto forever agerast the claims and demands of alI parsons whomsoever.
<br />PROVIDED ALW AkS. and thts instrument ie executod and delivered m secnt V the payment of iha s,tm of
<br />Six Thousand Ten and nef 100 - - - -_- - - - - - - -Dollarsta 6,010.00 1,
<br />wish in'~aet LF n:a, togatt~r ~:th such charges and adva_resa as may be due and payable to said mortgages u~ar the terms sad mnditsaas
<br />pY~y Life of avan dais ~rewith and secured hereby. ezaeutad by acid mortgagor ~ to said mortgageB. payable ae e:pteased
<br />~lt# -~. a~ to ~ urn tIIa perogitzance of all the farms and conditions contained therein. The terms of esid note era hereby inrncporated
<br />hsiein by this reference.
<br />IC is tlm iatencion and agreement of the parties hereto that this mortgage shall also astute aRY future advances made to said mortgagor_.~
<br />by said mortgages, and any end all indebtedneae in addition to the amount above stated which said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced, whether by note, back account or otherwise. This mortgage shall remain in full force and affect between
<br />the parties hereto and their hairs, peraoanl repreaetttstives, auceesaora and assigns, until all amounts secured hereunder, including future
<br />advances, are paid in fuL' with interest.
<br />The m©rtgagor_ ~ hereby aeaign ~_ to said mortgagee el! rents and income arising at any and all times from sad pmp~ty and
<br />hereby authorize said ttmrtgagee or its agent, at its option, upon default, to take charge of said property and collect all rents and income
<br />Safmm and apply the same to the payment of interest, pritrcipaf, insurance premiums. taxes, essesamente, repairs or improvements
<br />necessary to keep said property in tenanteblo condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent assignment shall cantinas in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no meaner
<br />pseveat or rWsrd acid mortgagee is the collectkn of said sums by foreclosure or otherrriae.
<br />The failure of the tortgagee to aeeert any of its rights hereunder st any time shell sot be construed as a waiver of its right to aseerty the
<br />same at any later time, and to insist upon sad enforce strict compliance with all the terms and provisions of said note sad of this mortgage.
<br />If said mortgagor s ehsll cause to be paid W said mortgagee the entire amount dun it hereunder, sad utrdsr the farms sac! Iu+ovlskans
<br />of said rm~ hereby secured, inchding future advances, sad say exteaeians or renewals thereof in accordance whh the terms and proviatena
<br />thereof, sad if said martgegor s shell comply with all the provisions of avid noto sad of this mortgage, then these preaente shah be void:
<br />otherwise to tetaain la fop forc>a sad effect„ sad said mortgagee eltell be entitled to ttm posa~afoa of all of Laid Property. aml may, at its option,
<br />deeiare the rshole of said note sad aR indebudneas represented tlmreby to tae iaunadiately due sad payable. and may foreclaee tdda mortgage
<br />or take say other legal action to protect its tight. Appraisemeat waived.
<br />This tuprtgege shell be binding upon end ahatl enure to the benefit of the hairs, ezacutors, edmiaistratore, aucceaaora amt assigns of the
<br />teapsctive Paztka horato,
<br />~ IN WITNESS WHEREOF, said Mortgagors ~ ve ha~ay air hands the day and year- firer above
<br />written. /,~ r
<br />a' ~
<br />~ y r - _ ~ 'sf'
<br />Lallian Lc. Terrill
<br />[_
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