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79- UliSe:~~9 lVIARTG14GE
<br />THIS INDENTISRE, made this 10th try of- September I9 79 by and between
<br />Ronald U. Undertaood and Nancy tlnderwoad•;~ husband and wife, each in his and her arm
<br />right and as spouse of the other,
<br />of Aail .-County, Nebraska, as mortgagors ,and Gtard Island Trust Company of trend Island, a twtporetion
<br />organized and existing under t:te Taws of Nebraska with its prsncipal ofY,ce end place of busiaeea at Grand Island, Nebraska, ae mortgagee:
<br />W ITNESSETH: That said mortgagx _.&_ ,for end in comid~ation of the snm of
<br />**Seven Thousand Ten and No/100ths** Dollarsls 7,020,0 I
<br />the receipt of which is hereby acknowledged, do __ by these presents mortgage end warrant unto sa'sd mortgagee; its successors and assigns,
<br />forever, ell the following described real estate, situated in the County of __ Aal l
<br />and State of Nebraska, w•wit:
<br />Lot Nine (4) in Block Five {5) in Cunningham Subdivision, an
<br />Addition to the City of Grand Island, Rall Gounty, Nebraska.
<br />Together with all heating. air conditioning, lighting, and plumbing equipment sad f'urtures, including screens, awnings, storm windows acrd
<br />doors. end window shades or blinds, used on or in connection with said property, whether the same are now lorated on said property or hereafter
<br />pieced thereon.
<br />TO HAVE AND TO HOLD THE GAME, wgether with all and singular the tenements, he: sditaments and appurtenances thereunto be-
<br />- - Ionging, or in anywise npper[aining, forever, sad warrant the title w the same. Said motgagor~-._ hereby +.nvenant--with said
<br />- ~ mortgagee Wet -_ti_ he...v._...~T.~-____ , at the delivery hereof, the lawful owner_S-_ of the premises above txmveyaci and described.
<br />~. and-..f~€-_ ___asized of a good end indefeasible estate of inheritance therein. free and clear of all eneumbtattrea, amf that~.he~wtlk
<br />', wart .t and daa~ the [ills t%;ata fcaas;er against the claims and demands of ell persona whotsaosv~.
<br />-: PROVIDED ALWAYS, and ibis instruntettc is executed axu! delivered W sew-un? Ws payment of the sum of __~._ -
<br />**Savea rhousand_Ten and Na11~t3tha** -------------_---_..._ I7ollarsi3!s~.~.__~_ 1,
<br />with interest t'rca€on, i aetiter whit sash ebsrgsa oral advaacea e5 may ~ due erg payable to said t~t9.y,egee issuer fire terms and icaa
<br />----- of the prumleaory note of even data herewith and aerated hereby, ezsarted by said mottyeyor $ _... to said niott.gegce, payable es axpneiswd-.
<br />in said mW, end w astute the performance of ail the terms and conditions contained therein. The farms of said note are hereby ineorporatad
<br />herein by this refwence.
<br />f i is the attention nail agreerasat of the parties hereto flat this mortgage shall also secure any future sdvanres made w said tnortgagortl_.
<br />by said mortgagee, and any and all indebtedness in addition to the amount alwve stated whicl, said mortgagors, sr any of them, may owe ta
<br />said mortgagee, however evidenced, whether 6y rtate, book account or oWerwise. This enortgaga shell remain in full farce and effect between
<br />the parties hereto and their 6ein, peraooal representatives, suecnaaors end ensigns, anti! all amounts secured hereunder, including future
<br />ndvencea. are paid in full wiW interest.
<br />'Pha mortgsgortfn__-... hereby assign _._,__ w said mortgagee all rents and incatne arising at any sad aB times from said property and
<br />hereby aur[orire said aortgagee or its agent, at ice option, uuan default, to take charge of said property and collect all yenta aced income
<br />therefrom and apply the same w the payment of Intersnt, priaeipal, insurances premlumn, taxes, eaaemments, repairs w imprevetnenta
<br />ttecaaaary w koep said property ar tenaata6la eadiiitm, or w other charges or payments provided for herein or is rho data hereby secured. This
<br />teat asaigtuamt shalt continue to (otca until the unpaid batmen of saki nets is fully paid. Tha taking of poaseaaiott hereunder shall in no tuarmer
<br />peevat[ or retard said nortgagee at the rniJaetion d sold earns Dy totedosttre rx otherwise.
<br />- - The failure of the aurrtgagen w aasrt any of its rights Iweetader at uty tiara shall not be. coaecrtud as a waiver at its nigh[ w amerCi the
<br />name at any later time, and to insist upon aoti enforce strict oomplianos wiW ail the wtvte and provieiom of said Dora std at this awAgage.
<br />_ It sa#d mgrt,~ af~ellr¢n±e to h_e ~.ld. to saki .~..-e~= the aatite nmoant dad it heetmder. and uad~'the time sad pmr~iena
<br />of said mta horoby set+tred, intrluding [orate advaase't, sad any axtaoaiona nr ratmwain thereat in acronianse with the tertms std pntvisiana
<br />thmeaf, end d said mortgagor s~ ahaLL caoply wiW ail the ptovlalmts of aatd note and of this mortgage, thmt tltaes ptt~eeata ahaU be vaidt
<br />otbawiae w remain in tttil--[Drat tined Fast, aadsaid gsa shill be easkled w the posssgian of all of saki propa~ty,. and naay, ~6 its option.
<br />declare the while of sad dote sm1 all. inda6ted~oess tapteesalad thwehy to bs imauediately due a_eaI p~vab~, std maY forerktae that mar[gage
<br />or take any othar legal action to prataat its right. Agpraisement waived.
<br />--... 'Pitia mortgage atoll be bintGag~alwn atNf 6haI1 emtre to the ttemt[It of the heirs, e2acutore. adtntniatraWra, attaaaaors sad aaaigns of tIw
<br />.:.:--respective parties hetet0. -
<br />IN WITNESS WHEREOF, said r9 6a ve-..hereunto tie[ ir- ~haa -the dsy and year first above
<br />written. t.,_. ~
<br />t
<br />Nancy U~ei-taoad ~ ..~
<br />
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