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<br />M~RT~xAGE
<br />83-- i)UOb~
<br />-This mortgage made aril entered inco this 7th day of February
<br />14 63 . 6y artd beEWeeh Micl-Continent Enterprises, Inc.
<br />(hereinafter referred=to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />tnortgaget), wfio'maintains an office and place of business at 424 West 3rd .street in Grand Island,
<br />Half'Cotirity; Nebraska. ,
<br />WITNt.SS&TH`that for the consideration hereinafter stated, receipt of which is hereby acknowledged; the mortgagor
<br />does hereby mortgage, sell; grant, assign, and cronvey unto the mortgagee, its successors and assigns, alt-of the fol-
<br />lowing deseribed'property situated and being in the County of Hall
<br />State ofiiVebraaka.
<br />Unit Four (4), Lot Two (2), Block Eight (8), Replat Continental Gardens,
<br />an addition to the City of Grand Island, Hall County, 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 all 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 properties which are and shall be deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (If none, state "none") None
<br />Ta have and to hold the same unto the Mortgagee, as herein provided;
<br />The mortgagor is (awfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from alt 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 February 7. 1983
<br />sn the principal suin of S 250.OQt}.p0 ,signed by Glenn R. Wilson, Jr.
<br />in,behalf of Mid-Continent Enterprises, Inc.
<br />also, as sttch notaorsaates may from time to time be modified, renewed or extended in writing.
<br />Jn-the event the title, to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />;easoo or by tttky method whatsoever, the entire ptinapal sum and accrued interest shall at once become due and
<br />payttblc ut flab election of the holder hereof. Failure to esterase this option because of transfer of title as above stated
<br />in oae ictt&tance shall ntu constitute a waives of the tight to esterase the same in the event of any subsequent transfer.
<br />1: The martga8*x its eta! agrees as Follows;
<br />s, To promptly Dad the ixteiebtedt~s evidenesd by -said promissory note at the times and in the manner
<br />therein provided.
<br />6, T9 pay all taxes; 8cstiR/atis, water -rates, dntl othe7 govartuttental or municipal charges, fines, or
<br />impositiorts, for which provicilon has not heart made herolnbefare; and will promptly deliver the official receipts
<br />therefor to the raid mcxtya.
<br />c. To pay wrh expenses and fees ak may be= itu:urrcd in the protrciion and mainteatatn:e of said praE+r:rty.
<br />l~tnd;nj the foca of any atiarnry cmpktycd,by the murigagre for the collection of any or all of the indebtedness
<br />refry axurcd, or ttxecktsurs ay mtxtgagce's sale, ctr sotirt provectfings, or in any other iirigation or prucee<iinf
<br />aft~tl+ig xs<id property.
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