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<br />
<br />' ~ MORTGAGE .8~~~c}o~~~
<br />-This mortgage made and entered-into this 4th day of January
<br />t9=$~ by and between Gene -Kay Enterprises, Inc.
<br />(hereinafter referred to as rnarigagoi} and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />nortgagee), cpho main#aitrs an office and glace of business at 424 West 3rd street in Grand Island,
<br />Hell: ~evottnty,- Nebxasks.
<br />WtTNP.ssgrtt, that far the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />dyes lierebg mortgage, sett, grant, assign, and eottvey unto the mortgagce, its successors and assigns, all of the fol-
<br />loa!ing described'property situated and being in the County of xa11
<br />Sate of Nebraska.
<br />La#s ire {1) and Two t2); in Woodridge south saddivision; a replatina v£ Part
<br />o€ Lot-One {1}, American Legion Addition to the City of Grand Island, xall
<br />Ctsuntg, Nebraska.
<br />together with all the teocinertts-and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easett~sks; rights; roysitits; mincxal, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all' heating; plumbing, refrigeration, lighting, equipment and all fi,*ttures of every description belonging to the
<br />mortgagor nmv 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 pact of the realty, and
<br />are a portion of the se~cutity for the indebtedness herein stated. (If nwtr, state `'none"')
<br />To have and to hid the same unto the Mortgagee, as hcmin provided:
<br />The martgagoris lawfully seined and possessed of and has the right to self and convey said property; that the
<br />same is Creo from air cucumbrantts eaaept as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defame the title aforesaid thttefo and every part thereof against the claims of al! persons whomsoever.
<br />'This iasWmatt is given to secure the paymrat of a promissory note dated January 4 , 2983
<br />ier the ~ sum of S 420, OQO, 00 r signed by Larry G. t3oesen
<br />in-f-of _~ene- RaY >gttteaprisas. Inc.
<br />afro, as such trade of t may Crory tithe to tltm be modified, renewed or extended in writing.
<br />to the event the title to stud teal edrtte is transferred, ar rantracted to be transferred, from the undersigned for any
<br />`~ ~!'l shod ~. the entire principal sum and trccxued interest shall at ottre become due and
<br />p ad thre~rtion of the hoit~ t~reof, Failure to exercise this option because of transfer of title as about stated
<br />~ sht+i~ t3at txra~i;ute a waiver aC the ti;ht to erta^cise the same in the event of any subs~ueat txtmsfer.
<br />t;, 17te tux gad atiser as follows:
<br />~~~` ~ 6Y stud promiasoryr note at rite firms and in the manner
<br />b. To +~ ~ itssse~t. ~: wtd;tx ratm, ttad attter govcrntnrntal ar municipal charges, fines, or
<br />lift ptiq.hm btatat it»tde lteraiabefote; and wilt promptty deliver rhr offtdwat receipts
<br />cAertfot to tgta stdr! ~,
<br />rw: `fta ~f foci, eaitr~cutcs and Cam as, tx ittrruttred In the protection and mainrett8gct ref grid nt,nprrrv,
<br />+tt ~s-fees os tttay ~ ~ thr~ ~ Pur the coiks:tlon of any err all oP the indeebrcdness
<br />ltl'f~l tae~tGSd,. ar-f'otrt-btr~ Yi salt; at CQai'1 prorcedr
<br />s(l~s ycrg +t~. rx in any other iiti>tatitur nr prth~ cding
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