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8I-oc~o'; i v MORTGAGE
<br />THIS IAiDENTURE, made this__._._- _13th____._.. day of~___Fehruary_ ___ _ 1981._., by and between
<br />Francis P.
<br />Powell and tiarlene At, Powell, husband and wi.fe~ each in his and her awn right and
<br />_ac cnnI15Q n1• YhP _pt11P r_____._ _.______._...__.__._..__ _.._ _._...._.
<br />of _ Ha 1 1 __ __ County, Nebraska, as mortgagor -_s._ . sad Grand Island Trust Company of Grand Island. a corporation
<br />organized and existing under the teas of Nebraska with its principal office and place of business at Crand Island, Nebraska, as mortgagee:
<br />W fTNESSEI if: That said mortgagor . _ S . ,for and in consideration of the sum of _ _ _ _ _
<br />Ttaa Thousand Six Nundred Si t~-four dollars and 57/100 ~*. _ ~~~ g~.6~G1~ 4 '` I
<br />r--...
<br />the receipt of which is hereby ackmwledged, do ...- by these presents mortgage and werranbulakel+ehl `d assigns,
<br />forever, all the following described real estate, situated in the County of _ __ Ha' L _.__..___ -.-_-____ .-
<br />and State of Nebraska, w-wit:
<br />Lot Seven (7) in Black Forty-five (45) in Russel ldheeler's Addition to the City of
<br />Grand Island, Nebraska as the same as platted.
<br />Together with ell 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 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 all and singular the tenements, hereditaments and appurtenances thereunto be-
<br />longing, or in anywise apperteiniag, forever, end warrant the title w the same. Said morgagor _ ~_ -hereby covenant ______ with said
<br />mortgagee that _. ___ Clre I'- - -;~~- , at the delivery hereof, the lawful Harter- i_ of the promises above conveyed and descrihed.
<br />end _ _3re seized of a good and indefeasible estate of inheritance therein, free and clear of atl encumbrances, and that?-__he ° will
<br />xarrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PROVIDED ALW AYS, and this instrument is executed and delivered w secure the payment of the sum of _ _ __ __.._____ - __
<br />•
<br />Two Thousand Six dunurea Si t;-lout -rnlla-s :nu ~, :tJ!
<br />with stf~t thereon, wgetber with such charges and advances as may be due and payable w said mortgagee untler the terms and conditions
<br />of the promissory ante of even date herewith and secured hereby, executed by said mortgagor -' to said mortgagee, payable as expressed
<br />in said rote, a~ w secure the performance of all the cerms and conditions contained therein. The terms of said note are hereby incurporeted
<br />herein by this reference.
<br />It ig the infection end agreement of the parties herew that this mortgage shall also secure any future advances made to said mortgagors
<br />by said mortgagee, end any end all indebtedness in addition to the amount above sWteti which said mortgagors. or any of them. may owe to
<br />said mortgages, however evidenced, whether by note, book account or otherwise. This mortgage shalt remain in full force and effect between
<br />the parties berew and their heirs, personal representatives, wccessurs and assigns. until all amounts secured hereunder, including fuwrr
<br />advances, are paid in fuL' with interest.
<br />The m~rtgagor._S hereby assign ...___ to said mortgagee all renu and income arising at any and all times from said property and
<br />hereby authorize said mortgagoe or its agent, at its option, upon default, to take charge of said property and collect all rents and income,
<br />therefrom std apply tbe same w the payment of interest, principal, insurance premiums, taxes, assessmacts, repairs or improvements
<br />necessary w keep said property in tenantable rendition, or to usher charges or payments provided for herein or in the note hereby secured. 'Phis
<br />rent assignment shall continue in force until the unpaid balanr:e of said note v~ fully paid. 7'he taking of possession hereunder shall in no manner
<br />prevent or retard said mortgagee in the collection of said sums by forettosure 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 [he
<br />same at any later time, and w tastes upon and enforce: strict compliance with all the terms and provisions of said voce and o[ this mortgage.
<br />It said mortgagor 5 shall cause w be paid w said mortgagee the entire amount due it hereunder, and under the arms and provisions
<br />of said mote hereby secured, including future advances, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, and if said mortgagor _ `'___ shall comply with all the previsions of said note and of this mortgage, then these presents shall be void:
<br />otherwise to remain in full force and effect, end said mortgagtw shall Jx: ancitkd w the possession of all of said property, and may, at its option,
<br />dacisre the while of said rote amt ali indebtedness represented thereby w tce immediately due and payable, aad may foreclose this mortgage
<br />or felts any other legal action w protect its right. Appreisement waived.
<br />This mortgage shall be binding upon and shalt enure w tM: benefit of the heirs, cxer:uwrs, adnrinivtrawrs, successors and assigns of the
<br />respective parties herew.
<br />IfV WITNESS WHEREOF, said Mortgagor ~ ha `e'~-' hsreu:uu act ? i?",i hand _.. `?._ the day tend year firer above
<br />wriUx:n. _ -
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