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<br />THIS LNI3ENTURE, made thfa 22nd __ day of September t9 79 by and between
<br />Babex•t 1, Telmer and Eileen B. Telmer, husband and wi£e, each in his and her own
<br />right and as spouse of the other,
<br />of Hall County, Nebraska, as mortgagor$ ,sad Graard 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 et Graced Island, Nebraska, ae mortgagee;
<br />A%TTNESSETH: That said martgagor_S_ ,for and 'ace consideration of the sum of
<br />__**Six Thousgnd Sixteen and NoI1;30th_s** "n`J'o94~@ra~b`~=jg_1
<br />the receipt of which is hereby acknowledged, do .-_ b these resents coon ~ j
<br />Y P gage end warrent muosmid mostgegar~ #.ase dud assigns,
<br />+-forever, aB the following described real estate, situated in the County of _ Hall
<br />and State of Nebraska, to-wit:
<br />Lot Two (2} in Fractional Block Two (2} in Ashton Place, an Addition to the
<br />City a£ Gerand Island, Aail County, :debraska.
<br />_ Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures, including screens, awnings, storm windows sad
<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 hercefter
<br />placed thereon.
<br />.. TG HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditamenta and apputtenancea thereunto be-
<br />lnnging, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor _~ hereby covenant ~ with said
<br />' --. morf~aa that ~-__.~. he __ +~_..-.3*e~..~, at the delivery hereof, the lawful swear-~..-._. of the oretni~ above conveyed and n'bad, - -:..
<br />a~_ ai'e_ __ ~~~ of a good and indefeasible estate of inheritsace therein, free and clear of all encumbrances, and drat t he~._,will _
<br />warrant sad defend the title thereto forever against the claims and demands of ell persona whomsoevrv.
<br />I'ROS'IDEft AI:W AYS, sad this instrument is executed and delivered ~ securY the payment of the s:rm of
<br />*egir ~nourzacd S~-xteen and_No/1_6Gths~* ____ _ _. _.. Doitars t~5 016.~G 1,
<br />-w'~ s`~t~°t A Win, tagather x~th such charges a.~f adv4ucea as map be des sell. },ayab~ tc. saw uwrga~a a the Emni3 ate- vndt~ns -
<br />--- --ofthe promieaory note of even date herewith and seeurerl hereby, executed by said rnartgegor _ ~_._ to said nmrtgagne, payable a9 ezpiEased - -
<br />in said cote, sad to secure the performance of all the teens end conditions contained therein. The terms of said note are hereby incorporated
<br />herein b3' Chia reference.
<br />f' is the intexition and agreement of the parties hereto that this mortgage shall also secure any future advances made to said toortgagor... S,.
<br />Dy aakl mortgagt~, and any and cep indebtedness in addition ta the amount shove stated which said mortgagors, or arty of them, gray owe to
<br />said mortgagee, however evidenced, whether 6y note, book account or otherwise. This mortgage shat! remain in full force and eiteci between
<br />the parties hereto and their hairs, pxrsonel repreaerrtatives, successors end ensigns, anti! all amounts secured hmeundez, including future
<br />advances, are paid in tu4' with interest.
<br />The mortgegor$ _.._ hereby assign _____ [o said mortgagee all rents and income arising et nny and ell timed from said property sad
<br />hereby euthariw said mortgagee or its agent, at its option, upon default, ta take charge of said property and cdlect all rents and Tacoma
<br />t$arefrom and apply the same to the payment of intereaC, principal, insurance premiums, texas, esaeaamenta, rePaire or improvements
<br />neoavsary to keep said property in teaaatable condition, or to other charges or payments provided for herein or in the cote beret>y secured. This
<br />rent assignment shall continue in force until the uvpaid 6alancn of said cote is fully paid. Tha taking of possession hereunder shall in no manner
<br />_ prevent or retard acid mortgagee is the collection of said soma by forerloaure or otherwise.
<br />Tha failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to slater rho
<br />acme et any Tatar time, and w instal upon sad enforce strict compliance with all the farms end provisions of aald terra and of this mortgage.
<br />If acid arortgagor s dhaB cause W be paid W said mortgagee the entire amount duo it hereunder, aced uadar-Elm terms and proviaMna
<br />of said note hereby secured, inehrding future advura~, and any extenaivas ar re~wals thereof in accordance with the terms sad provisions
<br />tharoof, ark if said mtxtgagor _~_._ shall comply with all the provisions ~ said note and of this mortgage, than tkeae presents shall be void:
<br />othatrrias W remain in fall force sad eNect, and said mortgagee shall ire entitled to the poeaeaaitrn of all of said property. and pray, et its option.
<br />deeiare the witote of said note and ell indebtadneaa represented thereby W be immediately due end payable. acrd may foreclose this mortgage
<br />ortake any-other ~ actfoa to pretest its rff;ht: Appraiaament waived.
<br />Thin mortgage alrsll be binding upam sad shall pure to the herreflt of the baits, axecutoro, adminietratora, auoceeeors and assigns of the
<br />teapet4.ive pmt3ea hereto.
<br />IN WITNESS WHEREOF, said Mortgagor~,__ hayir, hacmrrrto set _~Pf r __ hand _s-the day and year first above
<br />written. -
<br />lta rt 3. es er
<br />Eileen B. Testrer
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