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<br /> � I�i�IURTGAG�
<br /> ��"�� 10694�
<br /> This mort�sgt made and entered into shis 19ch day of December
<br /> r 19 89 , by and batween Jamea P. Masat and Carolyn A. I�fesat, HusDand and Wife•
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<br /> therdnafter refared ta as mortga�or)and Union Benk & Trust Cosnpany
<br /> of Grand Island
<br /> . (here�nafter referred to�s
<br /> mortgaga), who maintains an office and place of business at 2QU8 N_ Webh_ Road street in arand island,
<br /> . Haq County. Nebraska.
<br /> ! R/ITtv�sSETH, thit for the considers�tion hereinafter stated, reaipt of which is hereby acknowledgod, the mortgagor
<br /> � dves hereby moatsaje, �sell, �ant, assi�n, s�nd convey unto the mort�a, its succe�ors and assigns. aU of the fol-
<br /> ' lowing described property situated and being in the County of Hall
<br /> . � State of Nebraska.
<br /> • Lot One (1) Block Otie (1), in Pleasant View Faurth Adtlition to the City of
<br /> Grand Island, Hall Connty, Nebraska �
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<br /> � together with all the tenements and appurtenances thereto belonging, all the renu, issues and profits thereof, and all
<br /> easements. rights, royalties, mineral, oil and g�s rights and pro�ts,water, water rights, and water stock,and including
<br /> � all heating, plumbing, nfrigeration, tighting, equipment and all fixtures of every description bdonging to the
<br /> mongagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br /> ; thereto the following described propenies which aze and shall be deemed to be fixtures and a part of the realty, and �,�;
<br /> are a ponian of the security for the indebtedness herein stated. (Tf none, state "non�") �
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<br /> To have and ta hold the same unto the Mortgagee, as herein provided: �'.�..f
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<br /> The mortgagor is iawfully seized and possessed of and has the right to sell and convey said property; that the
<br /> � same is free from all encumbrances except as hereinabovc recitod; and that Mortgagor covenanis to warrant and ��-
<br /> defend the tide afor�said thereto and every part thereof against the claims of all persons whomsoever.
<br /> : This insuurntnt is givea to stcure the paymcnt of a promissory note dated Decembpr 19�1,�,��
<br /> ' in the principal sum ot`5��•�37.7I & $18.767.21 , signed byJames P_ INa�,ar And Cau�?.y�a /L.M�at
<br /> ' ' in behalf o€ themselves
<br /> also.as such note or notes may from time to tirae be modified, renewed or extended in writing.
<br /> ln the event the title to said real estate is transferred, or contracted to be ttansftrred, from the undersigned for any
<br /> reason or by any method whatsoever� the.entire principal sum �nd accrued interat shall at once become due and ,__ _=__-
<br /> psyable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated ?
<br /> in one instance shall not constitute a waiver of the right to extrcise the same in the event of any subsequent transfer. i
<br /> 1. The mortgagor covenants and agrees as follows: � �
<br /> a. To pramptly pay the indebtedness rvidenced by said promissory note at the times and in the manner
<br /> thertin provided.
<br /> U. To pay al) taxes. assessments. watcr ratcs. and other governmental or municipal charges, fines, or t4
<br /> _ impositions, for which provision has not been made hereinbef'ore. and will promptly deliver the official receipts �� ,�
<br />"". therefor to the caid mortgagee. , +5,.�/
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<br /> c t� pay �urh expenEC� and fees a� mav he incurred in the protecti�m and maintenan�e of �aid rre,pert�.
<br /> • �n�:lud�ng ehr lee�. uf any attorney employee)hy the mortgageQ far the rollecti�n of any or all c�t the indebtednc�.
<br />•� hcrehy ceiurcd. t�r fi�rc�luaurc h� rni,rt�agce'� �alc. �,r c��urt rtnreedii�Er�, �ir iii:�nv athcr I�I�F�an<�n �,r ��r��rccdinti�
<br />_' ,rffcct�nK ti�ud �rv�+ctt� �
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