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?9-- [~tj~f~8 L~6f)~7'tal4£~~
<br />THIS -LNDENI`f7RE, made this-, lO th day of October ~__ t9 79 by and between
<br />Carl ;~. Testaer and Deborah L. Testner, hLLSband and wife, each in his and her own right
<br />and as spouse of the other,
<br />of dell Covnty, Nebraska, as mortgagors--, sad Grand Island Trust Company of Grand Island, a corporation
<br />organized and existing under the Taws of Nebraska with its principal office and place of business at Grand ;.stand, Nebraska, as mortgagee;
<br />WiTNESSETH: That said mortgagors ,for and is consideration of the sum of
<br />**EiRht Thousand 'three tlirndr~=Shy-tt n anrt ~njt7~lt~s** DollarstS
<br />40
<br />the receipt of which is hereby acknowledged, do _ by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />forever, all Lhe following described real estate, situated in the County of ___ Hal 2 _,___
<br />and Slate of Nebraska, to-n-it:
<br />LoL Four (4} Block Three (3) Colonial Estates, City of Grand Island, 11a21
<br />County, :iebraska.
<br />Tggeteei rrgh all ~titeg, air ooaditioning, lighting, and plumbing equipment and fugues, including screens, awnings. storm t-indows and
<br />doors, a~ window shades or blinds, rued on or in con,aection with said property, whether the same are ooa• located na said property or hereafter
<br />~ .
<br />TO HAVE AND TO HOLD TH£ SAME. together with all and siagnlar [he tenements, hereditaments and appurtenances tlrenunto :re-
<br />kmging, ar in aayrvise appertaining, forever, and warrant the title to the same. Said morgnhror 5.-- hereby covenant _ with said
<br />that _S he v ary__ , at tee delivery hereof, the lawful ow>ter~_ of the premises above conveyed and dtsscnbed,
<br />sad are _ seized ref a good and mdefeasrbla Mate of inbeiitance therein. free and clear of all encumbrances. and that.~lre~will
<br />warrant and dew the tide thetrfo forever against the tlaima end demands of all persons whrnreaoever.
<br />PRflti IDED ALN'A1'S, acrd chi ituiru~+t i3 executed sad detiveted to secure the payment. of the sum of ---
<br />**Bi>;ht Thattsand Three Hundred Eighty-tFro and 40?100thc*#>olla,sta R, 3t,^_.;~ 1,
<br />with iaiaent teeseoa, together with such chatgm and advances as may be due ono payable [O said mortgagee under the terms and conditions
<br />of the promissory Utz of even date herewith sad senmd hereby, eaexlzted by said mortgagor 5__to said mortgagee, payable as expressed
<br />is xaad note. and to st~ue fha psrfer+ltaace of sn rt,a t-- ~ =-ti>;+ene cen•_iasd Cher-..:a. T~ Cesmo of ~ ;mr- srz bs.~y tats-poraied
<br />ketein !~ this tfa~te.
<br />It is the iateotion and agteemmt of the parties heeero that thi.+ mortgage shall al+o sentxe any futuue advances made to said mortgagor s
<br />by exid taatgager., a~ any sad all itedebted~ss in addition to the amount abvve stated which said mortgagocs, or any of them, may owe to
<br />acid mortgagee. howevver evidmead, whether by ..,a., book account or otherwise. This awrtgage shall remain in fuL fotoe and effeet between
<br />the parties htseco sad their heats, parsons! repr~tatives, suaeseon and assign, until all amounts secured hereunder including future
<br />advances, ate paid fn fur: with intaesi.
<br />The ~- hereby assign __ to said tnortgagee all rents and income arising az say and alt times from said propety and
<br />hereby astthoriae said tawtgfgee or ire agrnt, ac its option. upon defatrit. to take charge of said property sad rnllect a!1 rests aced ircame
<br />therefrom sad apply the same ra the payment of interest, Priacifat. insrrtaure premiums, taxes. assessments, repass or improvements
<br />aacessry w keep acid groparty is tetutntatrle mt+ditinn, or u other charges ar payments provided for herein or in the note hereby secured. This
<br />ram dsianmeat shall ooatfana is recce until idle unpaid balarax of said note is fully paid. Tha Caking of Pnssession hereunder s'mll is m manner
<br />pses~ ar setaad acid moetsyee m theco9eesion o[ snag sham by fosaclasate a othasrise,
<br />'tSse failure of the tnartgagee m assess a~ of i® rights leetwtnder at say time shall not be mn.~tzved as a waiver of its right to as+ett the
<br />soma at say facet time. and to imiet upon and enforce strict etgaptiattce with alt the terms sad provisiotw of said note arxi of this mortgage.
<br />H said tnatt~r S shall assns to be paid to said artutgagee the entire ammrr.r dne it hez~eder, stag under the terms and provision
<br />of said crate hEabp sand, isicitt~ tntms adsaaeea, sad any axtenaions ar renewals ihertaf in accordance with the terms and proviainns
<br />theeo[, ate i[ said taaafgtr6ts s shall oompfy with all the pravdsions of said sate aced of this mortgage, than these pteeterts shall be ~~oid;
<br />athatcris to ta®am is faHliatosaad eiFExt, and said mcatpgaa shall fie aatr.3ed m the poasemfon of all of mid property, sad may, eC its option.
<br />d~ Ehe who~of ~ irate stiti ail ®de6iadaess teprsaamad thereby to tx iteuaediotefy due stag payeb~, a~ may foreclose this mortgage
<br />or talm ~ othst irratd acGom to pmtaet its right.. eLppaatummnt waived
<br />Tiia moeta~+ edsafi be apm ~d shall aautc to the benefit of the bets, oxCavWra, edminisCtaWn, aCiCCa6.9ara and assigns of the
<br />e patties heraio.
<br />ITd WPi'fdFS„S iY$ERE(yF, said MasY{,agor_$_ ha._;~heteuxilo set head S--the day and year first above
<br />wtittan.
<br />ar earner ~ ~~^/'.~ /;~~
<br />/ 1- /~i.~C. u- zJ
<br />De or L. Tesmer
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