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<br />THIS IND~NTIJRE, made this 16th day ~ Noveabet I9 79 ., by and between
<br />l3avid E. Lentz and Carole :~. Lentz, husband and wife, each in his and her owe r~ght_
<br />and as spouse of the other,
<br />of Hall Count •, Nebraska, as mort
<br />y gagor 5 ,and Grand Iala~d Tract Company of Grand Island, a corporation
<br />organised and existing under the taws of Nebraska with its principal o€fice and place of business at Grand Island, Nebraska, as mortgagee;
<br />W ITNF,SSETH: That said mcrtgagor 8 . ,for and in consideration of the sum of
<br />**Twelve Thousand Seven Htmdred Sixty-six and No/100tha** Oollaral8 12,766.ofl i
<br />the receipt of which is hereby acknowledged, do V by these presents mortgage and warrant unto said mortgagee, its successors and assigns,
<br />fontver, all she following described real estate, situated in the County of _____ Ha I t _
<br />and Stale cf Nebraska, to-wit:
<br />Lot Twenty-six (26) in Hidden Lakes Subdivision Number Two (2), Being a Part of
<br />the Southeast Quarter of the Northeast Quarter (SE-1/4 NE-1/4} and a Part of the
<br />North Half of the Northeast Quarter of the Southeast Quarter (N-1/2 NE-1/4 SE-113
<br />of Section Thirteen (13}, Township Eleven (I1) forth, Range Nire (9); Id?9t of the
<br />~. fith P.Ff. , Hail County, Nebraska.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures, including screens, awnings, storm windows and ~~
<br />doors, and window shades or blinds, used on or in wnnection with said property, whether the same are now located on said property or hereafter
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<br />- TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditamenta and a
<br />ppurtenances thete;rato be- }:
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<br />loaging, or in sny-wisa appertaining, forayer, asd w€rcaat the title to the same. Said morgagor.._.S_.. hereby covenant -with said i~ -
<br />mortgag~e that ____ t. he _X -..._,..~I€-._. _._. , at the delivery hereof, the lawful ownar~__ of the premises above conveyed and described, ~~ _
<br />and_ art= ___ seized of a good and indefeasible estate of inheritance therein, free and clear of aA encumhrances, and that t he~will
<br />warrant and defend the title thereto forever against the claims and demands of all oeraone whomsoever. ~
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<br />PROV IDED ALWAYS, and this instrument is executed and delivered W secure the payment of the sum of H
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<br />**Twelve Thousand Seven Htmdred Sixty-six and No(100ths*{bollersls 12,766.(]0 i, ~
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<br />with interest thereon, together with such charges and advances as may ba due end payable to safd mortgagee under the terms end conditiens __
<br />of the promissory note of even date herewith and secured hereby, executed by said mortgagor -_~_to said mortgagee, payable ea expr+ssasd
<br />in said note
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<br />he farms of saM note are hereby incorporated
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<br />IC ie the intention aril agreement of the portico hereto that this mortgage shell oleo secure any future advances made to said mortgagor_ti ,
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<br />by said mortgages, and any and all indebtedness in addition to the amount above stared which said mortgagors, or any of them, may owe to ~
<br />said mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in fuU fone and affect between
<br />the parties herald and their heirs, personal repreeenkatives, successors and assigns, until all amounts secueed hereunder, including future
<br />advances, era paid in full with interest.
<br />The mortgagor.~._ hsroby assign .____.. to said mortgages all rents and income arising et any and aU times from said property and
<br />hereby authorize said mortgagee or iW agent, at its option, upon default, to take charge of said proprty and collect all rents and income
<br />therefrom and apply the same to the payrr~nt of interest, principal, Insurance premiums, texea, aaaessmeata, repairs or impravemeata
<br />necessary to keep said property in tenantable ~rondition, or to other charges or paymencs provided for herein or in the note hereby secured. This
<br />rant aesignmant shall continue in force until the unpaid balance of said Hots; is fully paid. The Calling of possession hereunder shall in no manner -
<br />prevent or retard safd atattgxgea is the twllection of said name by foreclosure ar otherwise.
<br />The f°ail°.r,II of t~ mort~-agee to a>~rt say of iW- rights harsusder at any time ahali sat ba cxrastwed as a rvaly~ of its right to assert, tho ~~ - -
<br />same at say later lima, and to inaiat upon and enforce strict eompliaat~ with all the farms and proviafona of safd node end of this mortgdge.
<br />If said mortgagors shell cause u be paid to said mortgagee the satire amount due it herounder, and usderthe terms and proviaiona
<br />of said note hereby secured, including tvwro advances, and any extenalona or renewals thereof In accordance-with the temu and provisions
<br />thereof, ataj if aald mortgagors shall comply with all the provisions of asid Hors end of this mortgage, then theca preaenta ahaU be void;
<br />other^ev3ee to romnin fn fufl force aml effect, asd sold mortgagee shall be entitled W the possession of all of said property, and may, eE its option,
<br />declare the wile of srid note aml all indebtedneea represented thereby to be iaunediately due asd payable, sad may foreclose this mortgage ;
<br />or take any other legal action to prutoet its right. Apprafeement waived.
<br />Thin mortgage shall be binding upon and shall enure to the benefit of the heirs, executors, adminfetrstora, autcesaore end asafgna of the
<br />respective Parties hereto.
<br />TN WITNE~ WHEREOF, safd AforLgagor$ = ha v hatswnto set t~T~~hand'i_____ttie day and year first above
<br />.written. ~i ~ „ . - U
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<br />N. Lentz
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