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<br />THIS INDENTURE, made thffi 25th day of_September 19 79 by Ltd between
<br />LeRoy J. Stegtaan and Bernadette P_. Stegman, husband and wife, each in his and her
<br />cw*t right and as spouse of the other,
<br />of~_.Hall County, Nebraska, as tnortgagor~_, end Grand Island Trust Com
<br />pant' of Grand Iakmd, a corporation
<br />organized and existing under the laws cf Nebraska with its principal office end place of business at Grand Island, Nebraska, ae mortgagee;
<br />WITNESSETH: That said mortgagor & ,for end in rnnaidetation of the sum of
<br />**Five Thousand Ten and No/10{3ths** Dollars l8 S,O10 00 ).
<br />the receipt of which is hereby acknowledged, do _ by these presents mortgage and warrant unto said mortgagee,~its sttccesaors and assigns,
<br />forever, all the fatlowittg described rest estate, situated in the County of __H a l l
<br />,. and State of Nebraska, to-wit: -
<br />Lot Six (5), in Block Sixtg-nine (69j, in FTheeler and Bennett's
<br />Second Addition to Lhe City of Grand Island, Hall County, Nebraska.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and futures, including screens: awnings, storm windows end
<br />doors, and window shades or blinds, used on or in connection with said property, whether the same are now )orated on said property or hereafter
<br />placed thereon.
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<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenettc~ thereunto be- .
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<br />si
<br />tinging, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor _ 9 _ hereby rnvenent _- with said ~~
<br />naor4gs~,ea that -_i. 6e.~-__Sre_ _ , at the detivary hereof, the Lawful owrsar~__ of the premises above convayad and described, -'
<br />2i
<br />arid- ~~~ ._ seized of a good and indefeasible estate of inheritance therein, Free and clear of alt encumbrances, and that_~he~will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
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<br />'~ - PRC3V ID~:D ALW AYS, and this instrument is exacutad and delivarad to secure the payment of the sum of ___~.___ i
<br />_ **Fiv Thousand Ten and Nofl00ths** , G t3c~
<br />_ _..
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<br />-with interest thereon, together with each charges and advances as may be due and payable to said mortgages under the terms end cotditiona
<br />$__
<br />`of the promissory nate of even date herewith and secured hereby, executed b1 said mortgagor . ~ __, to said mortgagee, payabke es erpressed ~~
<br />said cote, rand ur secure the performance of till the terms and conditions contained therein. Thv terms of said note are hete6y incetpo~ated _
<br />$
<br />herein by this reference. {~
<br />It ie the intention and agreement of the parties hereto that this mortgage shalt also secure any future advances made to said mortgagor _S_
<br />by acid mortgagee, and any and all indebtedness in addition to the amount above stated whir[, said mortgagors, or any of them, may owe to }
<br />said mortgages, however evidenced, whether by note, book account or otherwise. This mortgage shall remain i„ full forts and effect between
<br />the parties hereW and their heirs, personal representatives, suaeasors and assigns, until all amounts secured hereunder, including future
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<br />advances, are paid in fuu with interest. ~
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<br />Ths mortgagar_~_ hereby assign ___ __- to said mortgages all errata and income arising at any and all times from said prolx~ty and
<br />hereby authorize said mortgages or its agent, et its option, upon default, to lake charge of said property and collect all rents and ircome i
<br />therefrom and apply the same to the payment of interest, principal, irtsuraeu:e premiums, taxes, easesaments, repairs or imprcwamanta `-i
<br />necessary to kelp said property in tenantable condition, or W other charges or payments provided for herein or in the note hereby secured. This ?~
<br />trat aeaignmsnt shall continua in fotr~ until the unpaid balance of said note is fully paid. The taking of possession hereunder shah in na tnnnnsr =t
<br />prevent ~ retard said mttttgs~e in the eollettinn of Bald auras by toresloauro ett otherwise. ii
<br />The failure of the mortgagee to eaeart atSy of its rights hereunder at any time shat) no[ be cronstrusd as a waives of its tight to sasart, the
<br />name at any later time, and to irrsiet upon and enforce strict compliance with all the tetme and provisions of said note amt of Chia mort{rgge_ +?3
<br />If natal ~r s shall caves to bs paid to said mortgages the entire= aasount due it keraundsr, std under tfsa tercna and {mnis~aa ~ -
<br />af said ttote hereby aetatttsd, i~ludlag future advances, and any exteaaions or ernawals thereof In ac~vrdance with ohs terms and Rnvvzaivita
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<br />thereof, and if esid mortgegor..5~ _ ehaU tromply with all the provieiooa of said note and of this mortgage, then these prraenta ahW be void; ~~
<br />otharwlas W remain in fttB forte and affect, std said mortgagee shall be entitled to the poaaeeeion of ell of said property, std may. at its option, ~
<br />declare the whole of said cote end all irtdsbtndaeea repreeeated thereby to be irntnedietely due and payable, and tray fot~eelose ehi9 rtrortgage ;
<br />or take aqy other k+gal action to pdvtect Ifs right. Apptniaer~nt waived.
<br />Thin mortgage shalt be binding upon tied ehait entire W the benefit of the heirs, executors, administrators, sucoassora and aeeigns of the
<br />.. ;s,
<br />respective parties hereto. `~`
<br />IN WITNESS WH>•REOF
<br />writWn.
<br />said Mortgegetr.~_. ha 7EC_._ her~m `~ .....__ . ha rd s, __ the day and year first above
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<br />ernadFttc A. Stegtnan ~
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