87102576 - Laserfiche WebLink

Browse

r 87- 102576 REAL, ESTATE "ORTGAGE ,0- This Mortgage made this day of May, 1987, between James A. Wagoner and Georgiene A. Radlick Wagoner, Husband and Wife, hereinafter "Mortgagors," and J. W. Trust, hereinafter "Mortgagee." IN CONSIDERATION of Forty One Thousand Dollars ($41,000.00) advanced by Mortgagee to Mortgagors, who acknowledge receipt of such sum, which is evidenced by a Promissory Note of even date, which this Mortgage secures the Mortgagors, hereby mortgages to the Mortgagee the following described real property situated in the County of Hall, State of Nebraska, and described as follows: The Westerly Thirty Four Feet (W341) of Lot Nineteen (19),.all of Lot Eighteen (18), and the Easterly Seventeen Feet (E171) of Lot. Seventeen (17), all in Block Five (5), in Ashton Place, an Addition to the City of Grand Island, Hall County, Nebraska, together with all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal property that may integrally belong to or hereafter become an integral part of such buildings and improvements, collectively "the Property." Mortgagors covenant with Mortgagee and its successors in interest that (i) Mortgagors hold title to the Property in fee simple and have lawful authority to mortgage the same, (ii) the Property is free of liens and encumbrances except as stated above, and (iii) Mortgagors will defend the Property against the lawful claims of any person or entity. 1. PAYMENTS. Mortgagor shall promptly make all payments required under the Note and any other instrument securing the Note. 2. ACCELERATION. If default shall be made in the Payment of the Note, or an K., y part of the interest thereon, or any other advance or obligation which may be secured hereby, then, at the A? option of the Mortgagee, the Note and the whole of the indebtedness secured by this Mortgage, shall become due and shall become collectible as per the terms set forth in the Note. 3. TAXES. Mortgagor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied L � JI