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<br />79 --~056~ 4 11A O RTGAG E
<br />THIS INDENTURE, made this 30th i_ day of Augus C -. - •. -___ __ , 19 79 by and between
<br />;?ouRlas L. Adler and Janice R. Adler, husband and wife each in his and her own rieht
<br />and as spouse of the other,
<br />ofHall _ Cotmty, Nebraska, ae mortgagor s, and Grand Island Trust Company of Grand Island, a corporation
<br />organized and existing under the laws of Nebraska with its principal office and place of business at Grand Island, Nebraska, es mortgagee:
<br />W ITN ESSETH: That said mortgagor S , Eor end in consideretlon of the sum of . -
<br />att~n..,, •ra,,,.,,.....a n.,,, u,..,a ~.,a c.....,.,..._..,., .,.,a rr_ / t nn~r._++ . xi rs rar;Y~wta'lea ~ts1n~
<br />the receipt of which is hereby acknowledged, do _-__ by these presents mortgage and wartant unto eeid tnortgegta?;
<br />forever, all the following described real estate, situated in the County of Hall _ _ _ __ ____ __
<br />and State of Nebraska, to-wit:
<br />Lot Three (3) in Block Dne (1) in West Ael Air Addition
<br />to the City of Grand Island, Hall County, Nehraska.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures, including scrcens, awnings, sWrm windows and
<br />doors. and window shades or blinds, used on or in connection with said property, whether the same are now located on said property or hermfter
<br />placed thereon.
<br />1'O HAVE ANll TO HOLD THE SAME, Wgether with all and singular Che tenements, hereditamenta and appurtenantsa thereunto be-
<br />longing, ar in anywise eppettaining, forever, and warrant fhe title W the lama. Said morgagor _ s . hereby covenanE _~.._. with said
<br />mortgagee that t he y..--3I6t-.__ ___. , et the delivery hereof, the lawful owner3- _ of the promisee above conveyed and described,
<br />ono- _ xtC ssiaau ~.t a ~ __~ :r+_a__e;bc„ oa<>r., .,r inheritance therein. free and clear of all encumbrances, and that _..S Ae }E_wiU
<br />au.. .,.4:.,...._._
<br />warrant and defend the title fhereW~ forever against the claims and demands of all pareses whomsoever.
<br />PROV IDF.i) ALW AYS, and Chis instrument is executed and delivered W secure the payment of the sum of _._ ____.___ ...__-
<br />a*Tx~___~hQtls.alld t)tle EiluldLed .~e¢entx-I:33fa._alld. ~nJ.1QBths~!_**_.._ _ rwnare ts_m~.~?.72. ~Ct _-..___...__.___ _.__ }.
<br />with interest thereon. Wgeiher with such charges and advances es may be due and payable W said mortgagee tender the terms and conditions
<br />of the promissory note of even date herewith and secured hereby, executed 6y said mortgagor __,s _, to said mortgagee, payable as a:prosaed
<br />in said note, end to secure the pwformanw of all the terms and conditions contained Cherein. The farms of said note are hereby inetxporatad
<br />herein by this reteronce.
<br />It is the intention and agreameat of the parties hereto that this mortgage shall also secure any future advances made to said mortgaQttr__8.
<br />by avid mortgagee, and any end all indebtedness in addition to the amount above stated whicl. said mortgagors, or any of them, rnry owe to
<br />acid mortgages. however evidnnaad, whether by note, book account or otherwise This mortgage shall contain is full fortro and effect between
<br />the parties hereW and their heirs, personal representatives, successors and assigns, until all amounts setvred hereunder. including future
<br />advant~, aru paid in full with interest.
<br />7'ha mortgagor ..S hereby assign _ tb said mortgagee all rants and incama arcing at any end all times from said proptffiy and
<br />hereby authorize weld morgngne w itn agent, at its option, upon dolnult. to take charge of said property and calloct all rents and income
<br />therefrom and apply the acme W rho psyment of interest, principal. inaurenee premiums, taxes, eseesamanla, repairs or improvements
<br />neCeasetY W keep sold pmpntt}' in tenenta6le condition, or to other rhargea ar payments provided for herein ar in the note hereby sectu'ed-'Chic
<br />rent aesigntnent shall continuo in force untU the unpaid balanea o! said note is full} paid `t'he Utkirrg of poaswsian hereunder shall in nn manmu
<br />present or retard said tnortgeaee W the collection of said soma by foreclnaure or othat•trine.
<br />'I`he faUure of the mortgagee to assert any o[ its rights hereunder at any Lima shall not be construed as • waiver of its right W assert the
<br />soma at any later time, and to insist upon and aaforee attic[ txmpUattca with all the forma and proviainaa of said m>te and of this ?mrtgage.
<br />It Bald mortgagor B shell cause W 6e paid W acid mtut6tlgnu the entire amount dun it hereunder, std ttnder the terms and provisions
<br />of esid note hereby eeeurod, including future advaacea, and any extannions ar ranewnle thereof in aetrordarue with the terms and provisions
<br />thereof, sod if said mortgagee _$... shall canply with all the pmvisiotts of avid note and of this mortgage. Shen chase presents shall 6e voW;
<br />otherwise W remain in full feces and effect, and said mortgagee shall be entitled W the poasaeeion of tU of said property, and may, et its opton,
<br />declare the whole of aaitl torte and all indebtedta+ee repraeented thereby W be immediately due amt payable, and may foreclose this mortgage
<br />or take any other legal action to protect its right. Appraisetm+at waived.
<br />This mortgage shall Iw binding upon and shall enure W the benefit of the heirs, executors, adminietraWro, successors and assigns of the
<br />-respective parties hareW.
<br />wntten WITNESS WHEREOF, asid Mortgagorg.._.._ ha ve _ hereuoW set _s~~3: __~__ hen ~~ th, ~y and 'ear t:.~at above
<br />rQ fi.
<br />assigns,
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