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MORTGAGE Kl- 100340
<br />This mortgage made and entered into this : 1 7th ____ day of
<br />F14A7—,by and between Jean Pierre Fre.udenreich & Beverly Froudenrci.ch, alusband & Wife
<br />(hereinafter reierred to as mortgagor) and Northwest National Hank
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at street in Crand Island,
<br />Hall County, Nebraska.
<br />WITNESSETH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot 5, in Block 2, in Continental Gardens, an Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and all fixtures of every description belonging to the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br />thereto the following described properties which are and shall be deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (If none, state "none ")
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is lawfully 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 hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thereof against the claims of all persons whomsoever.
<br />This instrument is given to secure the payment of a promissory note dated Jan 17,1987
<br />in the principal sum of S__ 19,024.00 signed by lean P —' e.
<br />err ?. Beverl y Fr twr ,&ich
<br />in behalf of themselves - - - - - --
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />In the event the tide to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reason or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in o .e instance shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. To promptly pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />therein provided.
<br />b. To pay all taxes, assessments, water rates, and other governmental or rnttnicipal charrcN, fines. ,11
<br />impositions, for which provision has not been made hereinbefore, and will promptly deliver the offioat recclrts
<br />ilaciefof to the said morttagee.
<br />Io pay such expenses and tees as map be incurred in the proieoi <nr and enauvvnance ol',ald rrul:Vttr
<br />mchtding the fees of any attorney employed by the mortgagee for the collection of ary ,,, Al of the indehtealncs.
<br />hc-k! s of Ime,hmilc h" mostr;agve" gale. or eourl or it Satz o, he luizxti,nt e„
<br />arec.in� s�set ;'rog�rtp.
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