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8®-- ~~~~~ MaRTtsA~E
<br />TIiI3 INISENTUitE, made this 78th dy of Jul Y 19 ~.2, b9-:aod'-hatweau
<br />Gary t. Sf:hu77er and Faye Schuller, husband and-wife; each in his and her dwn rfiaflt
<br />and as spouse of the oilier.
<br />of Hal 1 County, Nebraska, as. mortgagar5_-, and Grand Island Trost Company of Grand Imam{; a cnrptsatton
<br />organized and existing under the laws of Nebraska with its principal office and plaex of business at Gread.Ishmd, Nebraska, as mrrrtgages;
<br />WITNESSETH: That saidmortgagor~-,for end incorrsiderationofthesumof
<br />the receipt of which is hereby aclmowledged, do by these presents mortgage and warr>~t taiEO'84W7110r~sy9e, :Ea s•~:nr~~.,rs and ;
<br />forever, all the following described real estate, situated in the County of Hd 7 7
<br />and State of Nebraska, to-wit:
<br />Lot Eight (8), in Block- Two (2), in Island Acres Number Two (2),
<br />being a replat of Lois One (1}, Two (2), Three (3), Five (5},
<br />Six (6) and Seven (7), in Island Acres, a Subdivision in the
<br />City of i;rand Island, Haii County, Nebra"aka.
<br />Together with ail heating, air conditioning, lighting, and plumbing equipment and fixtures, including screens, awnings, storm windows and
<br />Boars, and window shades or blinds, used on or is connection with said property, whether the snore are now !awted on said property or hereafter
<br />placed thereon.
<br />TO HAVE !1ND TO HOLD THE SAME. together with all and singular the tenements, hereditaments nod appurtenances thereunu, be-
<br />longing, or m anywise appertaining, forever: and warrant 4he title Ln the snore. Said morgagor ~ hemhy mvanant - _ with said
<br />mortgsgae that -_t 6e ~ a rn _. , at the delivorv hereof, the lawful owner__~- of the premises rbnve com~eyed and de~cribtxl.
<br />and are _ seized of s gocef and indef2asfb12 estate of inheritance therein, f,-ee and clear o; ail encumbrances=. attd that she `.~ wiL'
<br />warrant and defend the title themtn fomver ngaina4 rho claims and demands of all parsons whaa~so.-rver.
<br />FROVIDED ALWAYS, end this instrument is executed and delivered to secure the payment of the sum of _ _ ----
<br />Nine Thousand One Hundred Thirty Six_dollars and 17/100_*~ollarals 9 1~6 17 ______.___i,
<br />with interest thereon, together with such charges and advamres tie may be due and payable to said mortgagee under the terms and conditions
<br />of the promissory note of even date herewith and secured hereby, executed by said mortgagor._$_ u, said mortgagee, payable ns exptti`ssed
<br />in said note, and to secure the performance of all the terms and conditions contained therein. The terms of said note ere hereby incorporated
<br />herein by this reference.
<br />IC is the intention and agrcement of the parties hereto that Chia mortgage shall also secure ony future advances made to said mortgagor 5_
<br />by said mortgagee, and any and ell indebtedness in addition to the amount above stated which said mortgagors, or any of them, may own to
<br />said mortgagee, however evidenced, whether by note, book account or otherwise. Thi<_ mortgage shall remain in full force and effect between
<br />the parties hereW and their heirs, personal representatives, successors and assigns, until all amounis secured itereundar, including future
<br />advances, are paid in fuL' with interest.
<br />The mortgagor.S_ hereby assign _. _.._ to said mortgagee nl! rents and income arising et any and all times from said property and
<br />hereby authorize said mortgagee or its agent, st its option, upon default, to take charge of said property and collect all rents and incmnr
<br />therefrom-and epp{y the same to the payment of intarast, principal, insurance premiums, taxes, aasoasments, repairs or improvements
<br />necessary to keep said pmperty ut tenantable condition, or to other charges or payments provided (or herein or in the note hereby secured. This
<br />reaC assignment shall continue in force uetU the unpaid balantx of said note is fully paid. The taking of possession hereunder shell in nu manner
<br />prevoat or retard said moetgagea is the coUactiaa. of said soma by foreclosure or otherwise.
<br />Tba failure of the mortgagee to assatt auy of its rights hereunder at any time shut! no4 lta conaLrued as a waiver nt its nght u, nsaart rho
<br />soma st any later tints, nod to insist upon and enlarw stri i. caatptInnce with ell the terms and provisions of said note and of this mortgage.
<br />If snkl mortgagor S shall cause Eo be paid to said mortgagee the entire amount due it hereunder, and under the tamrs and provisions
<br />of said note hereby secured, ir~luding future advances, end any extensions or renewals thereof in accordance with the Corms and provisions
<br />thereof, and if said mortgagor ~__ shall comply with alt the provisions of said note and of this mortgage, then these presents shall 6e void:
<br />otherwi~t to remain in fttU force-and affect, and said mortgagee shall be entitled to the possession of all of said property, and may, at its option,
<br />tloelare the whole of said note and aU iudebtadrieas represauE2d thereby to bn immediately dun and payable, and may focecbse this mortgage
<br />or Cake say other legal action to protect its right. Appraiaement waived.
<br />This mortgage shell be binding upon and shall enure to the benefit of the heirs, wcecutora, administrators, successors and assigns of the
<br />respective parties hereto.
<br />IN WSTNESS WHEREOF, said Muttgngor_-.5 6n Y£_. hereunto sat.~hE.IL._ hand _S. thyr and _vaar First ubovn
<br />writEen ~ ~
<br />.< ~ ~ _
<br />ary,~ huller
<br />--..- -- -- --- Fa Ye Sdhul~er
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