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<br />THTS fNDENTURE, made this
<br />i~~ Vq/'^ 1 4 'Y~1Mr ~~
<br />29th
<br />day of November __-- _ 19 . 79 L,• and between
<br />Kenneth V. Herding, an unmarried person,
<br />of Hall County, Nebraska, ee mortgagor-, and Grand Island Trust Co
<br />mpany of Grand Island, a corporation
<br />organized and existing under the laws of Nebraska with its prinripa! office and place of business at Grnad Island, Nebraska, as mortgagee;
<br />Vv fTN ESSETH: That saidmortgagor_ ,for and in wnsideretion of the sum of
<br />**Two Thousand Seven Hundred Fifty-tw_ o ~d a; 7,_ J3n~thn*>t . ,,~~~~,,z,~752._ 7 l
<br />the receipt of which is hereby acknowledged, do _e8 by these resents mort _' _ _ ~~
<br />p gage and warrant unto said mortgagee, its succ+Baisors-and assigns,
<br />forever, all the following described real estate, situated in the County of _ Hal l_
<br />and State of Nebraska, to-wit:
<br />The North Half of the East Half of Lot one (1), in Block One (1),
<br />IJilliam Frank Addition to the City of Grand Island, Hall County, Nebraska,
<br />excepting therefrom a certain tract of ground deeded to the City of Grand
<br />Island, more particularly described in Deed Book 164 Page 127 in the Register
<br />of Deeds, Hall County, Nebraska.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fizturea, including screens, awnings, storm windows and
<br />doors, and whtdow shades or blinds, used on or in connection with said property, whether the same are now located on said property or hereafter
<br />glared thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements, hereditaments and appurtenances thereunto be•
<br />longing, or in anywise appertaining, forever, end warrant the title to the same. Said morgagor-hereby covenant a with said
<br />mortgages that _- he -_~--_ , at the delivery hereof, the lawful owner- of the premises above conveyed and described,
<br />and.iFi._.-._~__ seized cf a good and indefeasible estate of inheritance therein, free and clear of ell encumbrances, and that~he____will
<br />warrant and defend the title thereto forever against the claims and demands of all parsons whomacever.
<br />I'HOV IDEIS ,4LW AYS, and this instrument is executed and delivered to secure the payment of the sum of
<br />**T*~o ?'hous4nd Seven Hued red F o}~-, .. felt ~- ~*a ~~, ~
<br />,. _
<br />- _ i~ E -.___..,~~.,~~`Jv z_h.. Dollars (3 2 - r~ - _ ),
<br />with interest thereon, together with such charges and advances as may be due and payable to eairl rrrortPOgee under the terms end conditions
<br />of t6a promissory noes of ever. da'R herewith and secured hereby, ax_ee~rteti 5~• said :mortgagor to said martgegea, pa-vab~ as ax¢rwsaad
<br />in said note, and to secure the performance of atl the terms and conditions contained therein. The terms of said note are hereby inccsponted
<br />herein by this reference.
<br />It is the intention and agreement of the parties hereto chnc this mortgage shall also secure any future advances made to said mortgagor- ~.
<br />by said mortgagee, and any and sll indebtedness in addition to the amount above stated whirl. said mortgagors, or any of them, may owe to
<br />said mortgagee, however evidenced, whethor by note, book account or otherwise. This mortgage shall remain in full force sad affect between
<br />the partiee hereto and [hair hairs, psrsonal representatives, successors and assigns, until alt amounts secured hereunder, including future
<br />advances, are paid in full with interest.
<br />The mortgagor- hereby assign _ s__ to said mortgagee ell rents end income arising at any and all limas froar said property and
<br />hereby authorize said mortgagee or its agent, at its optiaa, upon default, ca take charge of said property and eoUact sl! recta asxi income
<br />therefrom and apply the same to the payment of interest, principal, insunnee premiums, taxes, asaeaemeate, repairs or irnprovementa
<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 />neat assignment shall continue in force until the unpaid balance of said note in fully paid. The taking of possession hereunder shat! in no manner
<br />prevent or retard said mortgagee in the callectioa of acid soma by foreeVaaune or otherwise.
<br />The failure of the mortgagee W assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert. the
<br />same at any later time, and to insist upon and enforce strict compliance with all trra terms and provisions of said Hots and o[ this mortgage.
<br />If said mortgagor shall cause to be paid W said mortgsgea the entire amount due it hereunder, and under the terms and provisions
<br />of said Hate hardby secured, including $rture advances, and any extenearna or r~ewale titaeeof in atcurdaace with the terms and provisions
<br />thereof, and H said mortgagor. shall comply with sIl the provisions of mace sad of this mortgage, then these greaents shat[ be void;
<br />otherwise to remain in foil Eorce and affect: atxi said mortgagee shall be entitled to the possession of aA of said property, and may, at its opt~n,
<br />declare the whale of said note and alt indebtedrrees roprseented thereby to be iarmediately due end payable, and may foreclose this mortgage
<br />ar-take any other-legal action to protect its right. AppraieemanE waived.
<br />This moztgege shall be binding upon and shell enure to the beaeflt of the heirs, executor, administrators, successors and assigns of the
<br />reepactive paKiea hereto.
<br />YN WITNESS WHEREOF, said Mortgagt.r_.s ha ~ hereunto set his hand-the day and year first above
<br />written.
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<br />tenet t ..~ er ing
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