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1'1~QR'I'GAGE $3--ao~~~~~
<br />This mortgage.made and entered-into this 14th day of Janttarv
<br />19<:$3__, by and' between Glen L. Grubbs- and- Janice- K. Grubbs, husband and wife ,
<br />(hereinafter re€erred to as mortgagor) -and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee};:who maintains an office and place of business at 424 West Third street in Grand Island,
<br />Hall County, Nebraska.
<br />WiTNESSeFtt, that far the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does hett:by mortgage, sell; grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />lawing described property situated and bang in the County o€ Ha11
<br />State ofNebraska.
<br />LutS iiurEE \~i aitu is-ur (4j °nio~ic l;].~RiCCt1 (i°oj in uuuulc ur ac
<br />Addition to Grand Is}.and, Hall County, Yebraska.
<br />together with ail the tertemrnis snd apputtenances [hereto belonging, all the rents, issues and profits thereof, and all
<br />easet~ats, rights, royalties, mineral, oil and gas rights and pro€its, water, water rights, and water stock, and including
<br />aU heating, phtmbing, refrigeration, lighting, equipment am! alf fixtures of even description belonging to the
<br />mortgagor now ar hereafter attached thereto or used in connettion with the premises herein described and in addition
<br />thtxeto the €ollawittg deuribed properties which are acrd shall be deemed to be €ixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (!f none, state `"none") None
<br />To havt and to hold the same unto the Mortgagee, as herein provided:
<br />The rrtortgagor is (awfu0y sated amt possessed of and has the right to sell and convey said property; chat the
<br />sartte is fra from all tmcumbrartces extxpt as hetrinabove recited; and that Mortgagor covenants to warrant and
<br />dtdtnd the title aforesaid thereto amt every part thereof against the claims of all persons whomsoever.
<br />Thu itistrnmeat is given to secure the payment of a prarrissory [tote dated _ Jatittarv 14, 1983
<br />in the prittdpat stem of 532.E-tMt ,signed by Glen L. aad Janice K. Grubbs
<br />in behalf of theeueelvea
<br />also, cis ~-note or tortes tray fray time to tirttte be modified. t•enewed or exitnded in writing.
<br />In thtt event the tide to sad teat estatt is tratrsfertai, or cawtracted to be traasfemd, from the undersigned for any
<br />reed ~ by any medtod wlestsaever, the: entire priaopal sum and accrued interest shall at once become due and
<br />peiyetble at 4he deeaioa of the tta~ htseof, Failure to exercise dtis option because of transfer of tide as above stated
<br />itt one ished[ [tot tamstltnte a wuver• of the right to exerriae the saet~ in the event of any subsequent transfer.
<br />1. 'i'~a~ > anti agrcxa as follows;
<br />J6, >~`i>~- the ~ e by sad promissory note at the [itnes and in the manntr
<br />t`I
<br />b, TO,P~ a8 tats, ass, water ntea, aad other govemttteatai or municipal charges, fines, or
<br />. tot w1dCh ~ h~ inm 6eert made heretabtforo, aml will promptly definer the afficial receip[s
<br />th~trtfttr m the send toorte.
<br />cw T4 r malt' exmt aad teo ss tttay br incurred in the protection and maintrnan;.Y of said property,
<br />ehe tae of rttxtr ate etttetiorad by tl±e morn f:±~ ehe :a.~tiN cf an: .. -ll of the .ndebt-d,^e:.
<br />haet+ry~ ~: or f[~re by rttcxtga~e's sale. to etwrt procYedin, or in anY cxhtr litigation t+e pnx~ling
<br />a€ftscti scud ptrty,
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