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<br />THIS INDENTURE, made this Sth _~day of~ NoyetLtb~.r _ ____ 19 14_, by arul between
<br />T,loyd I.. 7arson and Stacie A. I.arcog brrsb nd and each in his and her owrr fight
<br />and as spouse of the other
<br />~ Ha21 ~„~y.. Nebraska, as mortgagor ~ ,and Grand Inland Trost Company of Grand Island, a wrporation
<br />organized and existing undue the laws of Nebraska with Ets principal office and plea of business at G;aad Island, Nebraska, as mortgagee;
<br />W ITNESSETH: That said mortgagor- ,for and inconsideration of the sum of
<br />Sixteen Thousagd Three Hr+ndred Seventy Five and nof100 - - - ~ouarsls_- i5 375.00
<br />i.
<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 the following described real estate, situated is the County of 7 1
<br />and State of Nebraska, to-wit:
<br />Lot Twenty-Four (24}, Block Ten {i0), in Ashton Place, an Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />Together with all besting, air conditioning, lighting, and plumbing equipment and fixtures, including screens, awns ,sterns windows and
<br />doors, and window shades or'ntinda, used on or in connection with said property, whether the same are now Eocated on said property or hereafter
<br />placed thereon.
<br />_ T© HAYS AND TO HOLD THE SAME, together with all and singular the tenements, hereditamerts and appurtenances thereunto be-
<br />langirsg, or in anywise appertaining, forever, and warrant the title ko the same. Said morgagor_g-hereby covensnt~with said
<br />mortgagee that -t_ hem are , at tae detfvary hereof, the lawful cwner_.;L of the premises above conveyed and described,
<br />and___aLe,._._ .seized of a good and indefeasible estate of inheri[aace therein, free and clear of all encumbrances, sad that.~h~will
<br />- warrant and defend the title thereto forever against Lhe claims and demands of aIl persons whomsoever.
<br />pftAVIDED ALWAYS. and this instrument is executed and daliver~ to secure the payment of the sum of ._,s.~_
<br />Sixteen Thousand Three Hundred SasentY_Fi;;e and no!1~G r.-p~,~~lg_~_~b.;35.00 ;,
<br />with interest thereon, together with ouch charges and advances ss may be due sad payable in said rrxrrtgaospn_ n~ler the tn-r~= was Er ~..uiicinns
<br />_ of the prornissen• note of even date herewith-and secured heretsy. aaetutad by said mortgagor 5 _-u saki mnrt~,~._ ~yrsb~ as e~~~d
<br />in avid note, and to astute the performance of all the terms and conditions contained therein. The terms of said note are hereby Encozporated
<br />herein by this reference.
<br />It is the intenkian and agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortgagor- 9
<br />by said mortgagee, and any and eU indebtedness in addition to the amount above stated which said mortgagors, or any of them, tnay owe to
<br />- ssid mortgagee, however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full force and effect between
<br />the parties berets and their heirs, personal representatives, successors and assigns, anti! all amounts secured hereunder, including future
<br />advances, are paid in fuL' with interest.
<br />The mortgagor s hereby assign ^_ to said mortgagee ail rents and income arising at any and all times from said property and
<br />hereby authorize acid mortgagee or its agent. at its option, upon default, to take charge of said property a~ collect ali renG:. and irrcome
<br />therefrom and apply the same to the pey~nt of interest, principal, iaeuraace premiums, taxes, easeaem~te, repairs or improveacenta
<br />necessary to keep said property in tenantable condition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />:ant assignment shall continue in force untIl the unpaid balance of said note is fully paid. 1'he taking of possession hereunder shall in no manner
<br />prevent or retard said mortgagee in the collection of said auras by E'oreclosure or otherwise.
<br />The failure of the mortgagee to assert any of its rights hereunder et any time shall not be construed as a waiver of its. right to asserEt the
<br />same at any later time, and W insist upon and enforce strict compliance with all the terms and provisions of said note and of this mortgage.
<br />If said mortgagor s shall cause to be paid W said mortgagee-the entire amount due it hereunder, and under the terms and provrsions
<br />aI said note Isaraby secured, iachsdiarg future advances, and soy extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and if-said mortgagor s chap comply with all the pavisiom of said note and of this mortgage, then these presents shall be void;
<br />otherwise to rempin in fut(foxee a~ effect, and said mortgagee shall be entitled to the possession of all of said property, sad may, at its option,
<br />dedexa the whole of avid sofa and eIl iadeisteda~s represented thereby to be immediately due end payable, sad may foreclose this mortg®ge
<br />or take-any other kgal eoteon to pretest its rig}tt. Appreiaement waived.
<br />This rmrtgage shell be binding upon end-shall emcee to the benefit of the heirs, e:eastora, administrators, successors and assigns of the
<br />respective partE~ he_ reto. - _
<br />IN WITNESS WHEREOF, said Morttsagor-S_ 6a 3TlR_.... hereunto eat __ h "day and year first above
<br />written.
<br />oy son - --
<br />ta~W arsol; `~ n
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