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.46WI'GAGE
<br />86---'0 001 510
<br />This mortgage made and entered into this 27th day of March
<br />14 85 , by and between Jaynes J. & Jerri K. Arndt, Husband & Wife
<br />(hereinafter referred to as mortgagor) and Northwest National Bank
<br />mortgagee), who maintains an office and Platt of business at 200E N _ WPhh RA (hereinafter referred to as
<br />Hall County, Nebraska. street in Grand Island,
<br />Wt'tNMETH, 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 Forty -Five (45), Le Heights Fourth Subdivision,
<br />Part of the Last Half of the Northwest Quarter
<br />E2 NW -'o) of Section Eleven (11), Township Eleven (11)
<br />North, Range Ten (10) West of the 6th P.M., ball County
<br />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 give ter re t to payment of a promissory note dated March 27, 1985
<br />in the principal sum of S. n/ ?, i•0�
<br />in behalf signed by James J. &Jerri K. Arndt
<br />of ^ -
<br />also. as such note or notes may from time to time be modified, renewed or extended in writing.
<br />In the event the title to said real estate is transferral, 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 ore instance shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />I. Tice mortgagor covenants and agrees as follows:
<br />a. To promptly pay the indebtedness evidenced by said Promissory note at tile times and in the manner
<br />therein provided.
<br />h. 'Po pay all taxes, assessments, water rates, and other governmental or municipal charges, fines, ur
<br />impositions, for which Provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />c. 'g pay such ev'ren.se�s ;end fees as may be incorrect in the protection and maintenance of .aid propetrty.
<br />tt lttdrng the fees of any attorney emplavecl by the mortgagee for the cotlectinn of itnv nr all 01 the in,tchtcdnes%
<br />hereby secured. or foreclosure by murrgagce's sale, m c,ntrt pioccedmps, „r n, env t,1hPt hr,v.npnt ur i n,rccdtt;
<br />affc� °unit card prot+erry
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