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<br />This mortgage: made and entered info this 7th !. day of . January
<br />~~ i9_ 83' , by and between _~_- _,
<br />Howell G. Oldhaan and Mary A. Oldham, :xusband and wife,
<br />(hereinafter t~efferredl to as merrtgagar) and' Commercial National Bank and Trust CtsmpKcny
<br />{hereinafter referred to as
<br />mort:~agee), °wl~a m;~intains an office and place of business at .~ 424 hest 3rd street in Grand tsiand,
<br />Hail County, Nebraska.
<br />WtTNESSETFt, 'that l'or the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does hereby mortgage, sell, grant, assi$tt, and c:onvey° unto the mortgagee, its successors and assigns, ali of the fbl-
<br />lowing described pr«perty situated and taeingrn the Coutaty of Hall
<br />:Mate of Nebraska.
<br />Lot. Forty-Five (45l , in `~iest Eieigilts Addition, An Addition to the
<br />City o° Grand Island, HaIZ t3ounty, Nebraska
<br />tcsg~4thcr ~aitki sli 'ttr ~crt~rncnts aaad ~sppur .:a~t~ i,eretc> t~clt?ttgint., ali the a°nis. ~;ues a:td s?rc~fits tl7ertofi, ttnd aii
<br />eati~:rtcrtts ~~.~~,t,, -t~~alt~ies trittrral, •!i! ar,. e;3s rr~^ht±; and g~rofits, water, water ra~M~. and water ~t~cack, and including
<br />:4~! t.C.t:3F1}", ;`1Uit3ibi6~,4r;, fC.trtr;t'rt31 `tl, .;i!t71;11~`, ~:clUtprnCnC ~tnd all it\tttrca CJf t`1.'i~' C.~c`.C.'tptl«n 1'leli)n(Ltn,Q (() %!I4
<br />,"17i? i;:a~.<'s :!i,~.4~ #2r hrreatt.. ,:,C!'t.: ~...' ~ tGa ar l3SCd trl i:C)nneCaiCln with the j)remr << .,~.; C.tt1 w', C: :rti?~d and 4n addttlrSn
<br />thcrsto -1zc 3r~rllcaw~anpy cltscribeci ;~r~~zh, r,,~°~, ,vhieh ,tr~^ ~rnd ~Itai{ t7t +~ecmrd tea k~e fixtures and a far; ,~t thc~ x°ealr~°. ,end
<br />,tre :t ~~>rtton +ali fife 4erurity tcrr the ;ndebtedncsr, hE:rein ~tatcd. t If' Wane. state "n<ane"~ Mono
<br />Tct haw°e attd Ito held the same ante the ~ltartgagee, as herein provided:
<br />The mortgagor is lawfully seized and possessed of and has the right to sell and convey' said propert}; that the
<br />same is free from ~,ll encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and ec~ere. Hart thereof against the Maims of all persons whomsoever.
<br />This instrument is given to secure the payment of a promissory note dated January 7, 3.983 _
<br />in the principaH sum of ~ ~.OGO.00 _, signed by .Howell G. & Marv A. Oldham ^~
<br />in t>ehatf of _~ themselves -
<br />also, as such ;note nr notes may from time to time be modified, renewed or extended in writing.
<br />in the event the tint. to said tea! 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,constittate awaiver of the right to exercise the same in the event of any subses~uent transfer.
<br />. The :~Qrttzagcc ~,ovenantQ grid agzees as foilt~ws;
<br />~ a. l'o c~^r n :iii}' ~a~ nc~ ~~~ :e~,r~°dttess,eviet~ne~d fry said promissory note at t2ae tunes and in the mannar
<br />! tF;eren E«,,~ide,;
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<br />~` t ~ P , ~ ~ '3~c tc~i ~~~;c ~ ~.;,er iSV¢,'r~tr '~l Cr ntutalct~sal ~hat~£.a,, fitter, i)f
<br />I''1 ~'3v iCl ~ '~~;' ~'C r. -v3J., .I Gt, [ 7C.~'It l.1i: s ~ tt";; ~t;°G, an .. .f l~riri Ci~3'tay. rleltvcr the illfrCt~1 t"~'C~.'t;'its
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<br />.."~t ~ E~t]' i 1 ~ _ it '~arCi ~ J ,~:.
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