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MORTGAGE
<br />- . ~3~-UGO~'~»~
<br />-This mortgage- made-and entered into this first day of F e b r u a r y
<br />I4~~,byandbetween Samuel R. Reynolds and Nancy V. Reynolds, husband and wife
<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 2008 N . Webb Rd . street in Grand Island,
<br />Hall County, Nebraska.
<br />WTTN6$SETtt, 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 propeny situated and being in the County of
<br />State oflYebraska.
<br />#~8 Chantilly, Lot thirty eight {38), Block six (6), unit ,#i,
<br />Continental Gardens, Hall County, Grand Island, Nebraska
<br />together with all the tenements and appurtenances 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 />all heating, plumbing, refrigeration, Lighting, equipment and atl 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 progenies which are and shall br deemed to be fixtures and a part of the realty, and
<br />are a partien of the security for the indebtedness herein stated. (If none, start "none")
<br />To have alai 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 fret-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 given to secure the payment of a promissory note dated F e h r n a r y 1 t 9 A'i
<br />in-the. principal sum of $ 49.58k 00 ,signed by Sam + 1 R_ and yanry V__~RPVnolds
<br />in behalf of themselves
<br />also; as such note ar notes may from time to time be modified, renewed or extruded in writing.
<br />In the eyeiat the-title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reasc>n.or by-.any met2tod whatsoever, the entire principal sum and accrued interest shat! at once become due and
<br />ppyabk,a? the eleetioa of-the holder heceaf. Failure to exercise this option because of transfer of title as above stated
<br />in:Lrrtc it~igix~ shall -trot cottstituu a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />i; The mortgagor covenants and agrees as follows:
<br />a,`f`ce p#ornp{ly-pay tine iade~~iness rvidenceti by said promissory nwe at the times and in the manner
<br />itieran_prn!ided.
<br />br To pay all taxes, assessments, water rates, and other governmental or munic7pa1 charges, fines, or
<br />i~positiotts, foF which ptovisiatt has not heert made hereinbeforc, and wi3i promptly deliver the official receipts
<br />tlitr~'or to iha~ sa)d mcvigce.
<br />c- Ta E?'st' sits~t eal+ettsas and fats as tttay brincurred in the protection and maintenance of said praprrtt~,
<br />The f, crf my att~rrney employed by Ektt taortga;re far the caEltxtion a£ any or aR af' iRr indrbtcdness
<br />herett9r secured; of foretlcrsur'e by mortxagse's sale, or coutt procrtclings, ar in any c>thrr i+tigatian t;r pt.•.trrrcttirty
<br />afftrcting saw proper?y.
<br />*eY11 ~R
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