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^lIGROFILMED ;
<br />130
<br />M O R T G A G E 579238-7-01-10
<br />The undersigned, C -W ENTERPRISES, INC., a.corporation, of 1501 East
<br />Second Street, P.O. Drawer D, Centralia, Illinois,'.62801, herein referred
<br />to as "Mortgagor,",does hereby sell, mortgage and convey to COMMUNITY
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION, a corporation, of 8944 St.'' -Charles'
<br />Rock Road,. St. Louis, Missouri, 63114, herein referred to as Mortgagee,
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<br />the property, situated in the County of Hall , State of Nebraska,
<br />described as follows:
<br />SEE "EXHIBIT'A" ATTACHED WHICH BY REFERENCE IS b1ADE AN INTEGRAL PART HEREOF.
<br />Together with appurtenances thereto belonging and all fixtures now or
<br />hereafter attached thereto or used in connection with the premises herein'
<br />described, and in addition thereto, all furnishings and -equipment used in
<br />connection with the premises-,. which are, and shall be deemed to be,•fix-
<br />tures and a part of the realty, and are a portion of the security for the.
<br />indebtedness herein mentioned.
<br />To have and to hold all of the said property unto Mortgagee, for-
<br />ever, and for the uses herein set forth, to secure the performance of the
<br />obligation contained herein, and the payment of the principal and inter-
<br />est of the note executed and -delivered concurrently herewith by Mortgagor
<br />to Mortgagee in the sum of SEVEN HUNDRED TWENTY NINE THOUSAND AND 00/100 .
<br />bearing interest at a -rate of % pay-
<br />able as follows: 10.50
<br />SIX THOUSAND EIGHT HUNDRED EIGHTY THREE AND 09/100 Dollars ($6,883::09) on the-lst day
<br />of September, 1975 and a like amount on the same day of each succeeding month thereafter
<br />until the note is fully paid, each of such payments to be applied first in payment of
<br />interest due'on the unpaid principal, and the remainder in reduction of the principal,
<br />with interest after maturity at the rate of TWELVE per cent (120) per annum.
<br />Mortgagor covenants and agrees:
<br />1. it will pay the indebtedness as hereinbefore provided.
<br />2. It is the owner of the property in fee simple and has good right
<br />and lawful authority to sell and convey the same; the same is free and.
<br />clear of any lien or encumbrance; it will warrant and defend the title
<br />to the premises against the claims of all persons whomsoever.
<br />3. Topay immediately when due and payable all general taxes, spe-
<br />cial taxes, special assessments, water charges, sewer service charges,
<br />and other taxes and charges against the property, and all taxes levied on
<br />the debt secured hereby, and to furnish Mortgagee, on request, with the
<br />original or duplicate receipts therefor. Mortgagor agrees that there
<br />shall be added to each monthly payment required hereunder or under the
<br />evidence of debt secured hereby, an amount estimated by Mortgagee to be
<br />sufficient to enable Mortgagor to pay, as they become due, all taxes, as-
<br />sessments,�and similar charges on the premises subject thereto; any de-
<br />ficiency -because of the insufficiency of such additional payment shall
<br />be forthwith deposited by Mortgagor with Mortgagee on demand by Mortga-
<br />gee. .Any default under this -paragraph shall be,deemed a default in pay-
<br />ment of taxes, assessments, -;or similar,charges.required hereunder.
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