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<br />~~,.,,,:, ~t~RTGAGE
<br />THIS INDENTURE, made this 30th day of November 19 79 by sad between
<br />James F. Thomason and Linda Lee Thomason, husband and wife, each in his and her own
<br />Yia;ht and as spouse of the other,
<br />of H311 County, Nebraska, as mortgagor ~ ,and Grand Island Trust Company of Grand Island, a corporation
<br />organized and existing under the laws of Nebraska with its principal office and place of bmiaeas at Grand Island, Nebraska, as mortgagee;
<br />W ITNESSETH: That said mortgagors ,for and in consideration of the sum of
<br />Ten Thousand Five Hundred Seventy Seven and 94/100 - - - - - ~ ~~ ' ~~", 1f} ~57L:~34'
<br />_' -Dollars (S" '° - ' - ° t,
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<br />the receipt of which is hereby acknowledged, do - by these presents mortgage and warrant unto said mortgagee, ire successors-and assigns,
<br />_ forever, all the following d~eribad real estate, situated in the County of Hal l
<br />and State of Nebraska, to•wit:
<br />Lot One (1} in Block Twelve (12}, in Clarkson's First Addition to the Village~of
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<br />Aldo, Hall County, Nebraska, Said Lot One (1), for clarification, to include the
<br />West Ten Feet (10') of Lot Eight (8), in Block Two (2), of Powell's Addition to
<br />the Village of Alda, Hall County, Nebraska.
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<br />~- --_--Together with ell heating, sit waditioaing, lighting, and plumbing equipment and fixt;.rrea, including scream, awnings, storm wiudowe and iF
<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 hereafter
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with ell and singular the tenements, hereditaments end appurtenances thereunto be• Si
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<br />- -.: longing, or in anywise appertaining, forever, and warrant the title to the same. Said morgagor~_hereby covenant-with said - - {~
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<br />_- -- mortgagee that ~~heY~ are ~, at the delivery hereof, the lawful owner ? of the premises above conveyed end deacrrbed, ~}
<br />~} _are____~;~~ of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that_the T~wiU ~~
<br />warrani and defend the tide thereto forever agaimt tfie claims end demands of all parson whomsoever.
<br />°R4' ='IDE1 ALR: AYS, and t:3s ir»atrum€nt is aaacut~i ar;+# delivered to secure the payvnertt of the sum of ''
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<br />Tn_n Thnur2^Sj _~ve Hundred Seventy Sev~and 9!}/100 - -_-_-Do?iaral+< 1(1,577.94 ~i> -
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<br />-with interest thereon, together with such charges and advances es may be due end payable W said mortgagee under the terms sad coaditk}ns
<br />of the promissory note of even date herewith and secured hereby, executed by said mortgagor ~to said mortgagee, paya6~ as expressed
<br />in said note, and to secure the performance of al! the terms and conditions contained therein. The terms of said note are hereby incorporated
<br />heroin by this roference. €~`
<br />It ie the intention end agreement of the parties hereto that this mortgage shall also secure any future advances made to said mortga;Bor~
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<br />by said mortgagee, and any and aU indebtedness in addition to the amount above stated 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 full force and ef[ect between
<br />the parties hereto end their hairs, personal representatives, auceeasoro and assigns, until all amounts secured hereunder, irrcluding future
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<br />advances, are paid in fuR with interest.
<br />Tlsa mortgagor~_... hereby assign ~- to said sortgagea ati rents and income arising at any and aU limas frorrr sail property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charge o[ avid property and collect alt rants and income
<br />therefrom and apply the same to the payment of interest, Principal, inaurence premiums, taxes, asaeasmeate, repairs ar improvemanta
<br />necessary to keep said property in 6enantnbfe condition, or to other charges or payments provided for hemus or in the note hereby acv:urad. Thin i
<br />cent assigtvaent shall continua in force until t<4e unpaid balanas of said note is [oily paid. Tha taking oC possession hereunder shall in no manner '~
<br />prevent or~etard said mortgagee is the callacti~ o[ said ettana by forec~eure or otharwiae.
<br />Tha failure of the mortgagee to assert any of its rights harmreder at say time Bimll not ba construed ea a waiver of ire right to ssaerq the
<br />- aa~ at any lat;.r time, a~ ~ ias~t upon amI enforce atts„^*. complianoa with all ttta tertn~ sad pravie~aa of aakl mrte affil of this. rt~rt~Bge,
<br />If said maztgagar s shall cause w be {mid to said martgagsa Wta entire amount dua it hereunda:, earl urtdar'tha terms and provisions
<br />of said note hereby eetaired, including future advaacee, sad any axteaeiom or renewals thereat in accordaaae with the terms and provisions
<br />thereof, and if said mortgagor.~_ shall comply with all the provieiom of said Hate and of thin mortgage, then tlreea preawrW shall ba void;
<br />otherwise to remain is foil force and ~fsct, and said mortgagee shall ba entitled to the paesession of all of said ProP~tY, and may. at its option,
<br />dsdare the whole of said sore sad sIl iadebtedas~ represented therelrY is be immediately due arpl payable, and r,ray foreclose this mortgage ~
<br />qr tyke aQY other IeBa1 action to protect its right. Appraisament waived. ~
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<br />' Thia mortgage shall be binding upon and shall enure to the 6anefit of the heirs, ezecutore, administrators, auoceasore and assigns of the ~
<br />respective par4iee berets. 3
<br />IN WITNESS WHEREOF, said Mortgagors _ ha~%?_hereuato set theiY hand s the day and year first above S
<br />_ wrictan. ,~-~
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