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MORTGAGE 85_ 005412
<br />This mortgage made and entered into this 12th day of October
<br />19 85 , by and between Jim L. Gewecke & John E. Gewecke as tenants in common,
<br />and Vicki Gewecke, spouse of Jim L. Gewecke
<br />(hereinafter referred to as mortgagor) and Northwest National Bank
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at _ 2QQA N _ Wei R9ad street in Grand Island,
<br />Hall County, Nebraska.
<br />W1TwssETH, 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 />Southerly Forty and six tenths (40.6) feet of
<br />Lot Eight (8), Block Four (4), Koehler Place
<br />Addition to the City of Grand Island, Hall
<br />County, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easenwnts, 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 to re payment of a promissory note dated _10 -12 -85 _
<br />in the principal sum of S �V0 , signed by Jim L. Gewecke & John F, Gewecke
<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 title 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 one 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 tinter and in the manner
<br />Ltherein provided.
<br />b, To pay all taxes, assessments, water rates, and other governmental or municipal charges, fine%. or
<br />impositions, for which provision has not been made hcreinbefore, and will promptly deliver the official receipts h
<br />therefor to the said mortgagee.
<br />c. 'To pay such expenses and fees as may be incurred in the protection and nutintrn ;unr of stud property,
<br />including the fees of any attorney employed by the mortgagee for the :ollectiori of any of all of the indehtedness
<br />herchv secured. or foreclosure, by rttorfgagW% sale, or .ours proccrdings, or in any orher firig;uion or tnoeeedinr,.
<br />affecting said property
<br />w.w M
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