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<br />MQRTGAGE ,
<br />83-U0056B
<br />This mortgage made and entered into this 29th day of January
<br />t9 83 ,by and between- Stanley S. Sedlacek and Nancy J. Sedlacek
<br />(heceinafterrefened 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 3rd street in Grand Island,
<br />Hall. County, Nebraska.
<br />~rrN>ssecx, that for the consideration hereinafter stated, receipt of which is hereby acknow-edged, the mortgagor
<br />does hereby mortgage, sett, grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />Idwing described property situated and being in the County of Hall
<br />State of Nehraska.
<br />A11 of fractional Lot Five (5) in Fractional Block Seven (7), in Arnold Place,
<br />in the City of Grand Island, Nebraska, and its complement, being all of that
<br />part of Lot Sixteen (16), of the County Subdivision of the Southeast Quarter
<br />of the Southwest Qtiarter (SEtCSWtt) of Section Sixteen (16) in Township Eleven
<br />(11) North, Range Nine (() West of the 6th P.M., lying North of Division Street
<br />and East of Washington Street, if the Easterly line of said Washington street
<br />were extended said tracts combined forming one full Lot Sixty Six feet (66')
<br />on Division Street and having a frontage of 132 feet on Washington Street in
<br />said Gity of Grand Island, Hall County: Nebraska_
<br />together with al! the tenements and appunrnances 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 />alt heating, plumbing, refrigeration, lighting, equipment and alt fixtures of curry 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 [he realty, and
<br />arc a portion of the security for the indebtedness herein stated. (if none, state "none") 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 ail eneumbrancts except as herrinabove recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every pazt thereof against the claims of all persons whomsoever.
<br />This instrutnetttis given to secure-the payment of a promissory note dated January 29, 1983
<br />in the principal solo of 5 ~ DoD o0 ,signed by Stanley S. & Nancy J. Sedlacek
<br />in:behalf of t; a elves
<br />ado, as such note or notes may from time to ame be modified, reaewed or extended in writing.
<br />Ia fttt event the.-fide to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />rtas~r or by arty m&t#tod whatsoever; the-entire principa[ sum and accrued interest shall at once become due and
<br />Dyable at dse elr<etian of the holder hereof. Failure to exercise this option txcause of transfer of title as above stated
<br />in doe ittstattt'r 3tmii oat canatitute a waiver of the right to exercix the same in the event of any subsequent transfer.
<br />I. --'I'ha~ ~><>t ettvenanta cad agrees as foAaws:
<br />a Tit ~~r pay the tndebtedngiZS evidenced: by said promissory note at the times and im the marnrr
<br />art prided:
<br />be -fib- ! a!l taxes: at~asamerrts, water rates,, and other gavernraental or municipal charges, tines, or
<br />ice; far wirlt~ prt-vits has-not heart tttade hereinbefore, and wilt promptly deliver the ot'ficial receipts
<br />t~refor to-tlta ttborf(4sgee:
<br />.. ?d pny such cxpat#se5 and fees as may E+r incurred !n the protct#ion and maimrnancr cet` said prafrorrty,
<br />irEetuding the irk of atnsy atforney emp3riye~t by the ltmrtga>px for the rattection of any or alt of the ittdrbtrdnrs*
<br />ixret+Y xred; rgr forecttisure by mtutgager`s seta, air court proerrttingx., cx in any other litigation t,r t+rcge€'dinv
<br />affcc~tng said pre~crip.
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