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<br />O
<br />MORT GAGE o
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<br />(Participation)
<br />This mortgage made and entered: into this 2 2 n d:, day of August
<br />19 75J.
<br />by and between John D. Folsom and Sallie S. Folsom
<br />(hereinafter referred to as mortgagor) and'The: Ove r1 an d :Nati
<br />0I1.d 1 6 an k'
<br />(hereinafter referred to as
<br />mortgagee ),:who maintains an office and place of business at G rand :I:s l a n d, Nebraska::.
<br />WtTNESS&H, that for ;'the consideration .hereinafter stated, receipt of which is hereby acknowledged, the
<br />mortgagor does'hereby mortgage, sell, grant, assign, and convey unto the mortgagee, his successors and assigns, all
<br />Of the following described property situated and being in,the County. of Ka 11
<br />Nebraska
<br />State of ,
<br />• A tract of land; com ri s i n ,a • ' • .
<br />p g part'of Block Twenty Five (25),.ori final.;
<br />town of Grand Island, Nebraska- and- part of-Block Twenty Five,;(;25� in
<br />Na,gy:s addition; to the City of Grand I.sland,';�Neb-raska
<br />Together, with •and including all buildings, all fixtures including but not limited' to all plumbing, heating, lighting,,
<br />'ventilating, refrigerating, incinerating, air conditioning apparatus, and elevators-(the mortgagor; hereby, declaring that
<br />it is intended 'that theAtem'hreein enumerated shall be deemed to'have been permanently, installed as part,of the realty),
<br />and all improvements now or', hereafter existing. thereon; the hereditaments and appurtenances and all other. rights there=
<br />unto belonging, or in anywise appertaining, and the reversion and reversions, remainder'und remainders, All rights of
<br />redemption, and the rents;'issucs,•and profits of the above;described propertyl( provided,l,however, that: the mortgagor
<br />shall•be entitled to the possession of said property'and to'collecband retain' the rents, issues, and'profits until default
<br />hereunder). :To have.and'to hold the same unto the'mortgageeand"the-successors`in'interest of the mortgagee forever
<br />in fee simple or such other estate, if any, as is stated herein.
<br />The mortgagor covenants `ihat he is' lawfully seized siid'possessed of and has' 'the, right to sell an'd'convey'said .
<br />property; that the same is free, fromall encumbrances except as hereinabove recited•, and that he, hereby binds
<br />himself and his successors in'-interest to warrant and defend the title afores'aidithereto'and every part thereof against
<br />the.claims of all, personswhomsoever.
<br />,This' instrument is•given to'secure_ the payment,ojf a promissory note bated
<br />m the
<br />principal eum'of $ ..12 5 , 0.0 0;. 0 0 , ;:; signed by J, oh n D F.o l s om :,and • Sal 1 i'e . $
<br />:inbehalfof Themselves Folsom
<br />SBA FORM 92B (2-73) PREVIOUS EDITIONS ARE OBSOLETE
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