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gy,_._O()0'71~ MGRTG~-GE
<br />THIS INDENTURE, mails thia__ 13th ____ _- day ~____r'ebruary _____ , t9 _$1 _. by and between
<br />Billie Dean Swanson and Theresa J. Swanson, husband and taife, each in his and her own
<br />of xall County, Nebraska, ae mortgagor 5_. ,and Grand Island Trust Company of Grand Island, a corporation
<br />organized and existing under the laws of Nebraska with its principal office and piece of business et Grand Island, Nebraska, as mortgagee;
<br />W ITNESSE', H: That said mortgagor _S.~ ,for and in consideration of the sum of _ _ _ _,
<br />Five Thousand Four Y,undred Seventy four and ~0/100 ~*;**~* ~l~la Sa}#ai14 ' 0 ;
<br />the receipt of which is hereby acknowledged, do _____ by these preaen s mortgage and watratlY'tlrdtl se~ll.pir sand assigns.
<br />forever, all the following described real estate, situated in the County of _ __ _.- -1I311-----_____-_
<br />and State of Nebraska, to-wit:
<br />Lot Ten (10), Block mine (9), of Wallich's Addition to the City of Grand Zsland, in
<br />Ha11 County, Nebraska.
<br />Together with all heating, air wnditioning, 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 propery, whether the same are now located on said property or hereafter
<br />placed thereon.
<br />TO HAVE ANB TO HOLD THE SAIvIE, togrther with aU and singular the tenements, hereditaments and appurtenances thereunto be-
<br />longing, or in anywise appertaining, forever, and warrant the title to x.e ~.-ne. Said morgagor _~._. hereby covenant _. with said
<br />mortgagee that _____Y he ~_____.a=a..__ , at the delivery herrot. the lawful owner__=:_ of the premises above conveyed and describej.
<br />and_ ate __ seized of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances, and that t he. i' will
<br />warrant and defend the title thereto forever against the claims and demands of all persons whomsoever.
<br />PROVIDED ALWAYS, and this instrument is executed and delivered to secure the payment of the sum of _._.______
<br />Five Thousand Four Hundred Seventy :.rite ne. x
<br />' j0i7f)0 "ei~ Dollars l5 5,'ai~+ JO
<br />-- -----------.._._.._ .._ - - ._- ---- - -- ---- -- - - - -- - ---------~-----1.
<br />wfth interest thereon, together with such charges and advances as may be due and payable to said mortgagee under the terms and conditions
<br />of the promissory note of even date herewith and sa:ured hereby. executed by said mortgagor'?.... co said mortgagee, payable as expresstvl
<br />in said rote, and to secure the performance of all the terms end conditions contained therein. The terms of said note are hereby incorporated
<br />herein by this reference.
<br />IL ie the intention a~ agreement of the parties halals that [his mortgage shell also secure nny future advances made to said mortgagor _ s
<br />by said mortgagee, and any acrd ell indebtedness its addition w the amount above stated whist. said mortgagors, or nny 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 effect between
<br />the parties hereto and they heirs, personal representatives, successors and assigns, until all amounts secured hereunder. including future
<br />advances, are paid in fuL' with interest.
<br />The martgagor_~_ hereby assign _.__.. to said mortgagee all rents soil income arcing at any- and a{I times from said property and
<br />hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and collect all rents and income
<br />Lherefram and apply the same to the payment of Merest, principal, insurance premiums, saxes, assessments, repaus or improvements
<br />necessary to keep said property in temptable a~ndition, or to other charges or payments provided for herein or in the note hereby secured. This
<br />rent assignment shell continue in force until the unpaid balance of said note s fatly paid. The taking of possession hereunder .hall in no manner
<br />pursuant or retard said mortgagee in the collection of said sums by foreclosure or otherwise.
<br />The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert the
<br />same et any Inter time, and to insist upon and enforce strict compliance with all the terms and provisions of said note and oLthis mortgage.
<br />tf said mortgagors shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions
<br />of said note hereby secured, including future advantas, and any extensions or renewals thereof in accordance with the terms and provisions
<br />thereof, soil iI said mortgagor ___ s shall comply with all the previsions of said note and of this mortgago, then these presents shall be vord,
<br />otherwise W remaftr in fall force end effect, and said mortgagee shall be snorted to the possession of rill of said property, and nxey, at its option.
<br />dmc}aus the whole of said note and all indebtedness represented thereby to be immediately due and payable, and may foreclwe this mortgage
<br />nr take any other legal action to protect its right. Appraisemeni waived.
<br />This mortgage shall be binding upon roil shall enure to the benefit of the heirs, executors, administrators, sucr~s5txs and assibms o1 the
<br />respective parties hereto.
<br />IN WITNESS WHF..RF;O6, said Mortgagors ha ~l.e: hereunto set 3:i1s:iL_. hnndt_. _ the day and v.;vr first abo.r
<br />written.
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