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<br />83-~1J o a ~ ~ ~ MORTGAGE
<br />Thts iorgage made and entered-into this 17th day of ~ ham? i=~+ ,
<br />1g'$3 ,by andbetwetm' .Skate. Island, Inc.
<br />(hereinafter referred to as mortgagor) and Northwest National-Bank
<br />(hereinafter referred to as
<br />morEga$ee), who maintattts an-office"and" place of business at 2 00 $ N _ We h h R n a d street in Grand "Island,
<br />Hatt-County, Nebraska.
<br />WFTivESSErH; 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 property situated and being in the County of
<br />State ofNebraska.
<br />THE EAST SIX FEET (E5') OF THE WEST THTRTY THREE
<br />FEET (W33') OF LOT THREE (3), THE EAST TWENTY
<br />THREE FEET (E23') OF LOT THREE (3) AND THE WEST
<br />FORTY FOUR FEET (W44') OF LOT TWO (2) ALL IN
<br />BLOCK SEVEN (7) IN iKORRIS FIFTH ADDITION TO THE
<br />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 pro€its, water, water rights, and water stock, and including
<br />alt' 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 fixwres and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (If none, state "none")
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mongagar is lawfully"seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from all encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the tide aforesaid thereto and every part thereof sgainst the claims of all persons whomsoever.
<br />This instrument is given to secure the payment of a promissory note dated 02-17-$3
<br />in the principal sum of $ 45,000.00 ,signed by Jerrv Anderson President
<br />lnbeltaltot Skate stand, Inc.
<br />also, as such torte or noses may from time to time be modified, renewed or extended in writing.
<br />to the eveni;tht title to said,reai estate is transferred, or contracted to be transferred, from the undersigned for any
<br />tensors or by any. method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the electign of the ho-der heret>f. Failure to exercise this option because of transfer of title as above stated
<br />in Otte itt~tan~ shat! not constitute a waiter of the right to exercise the same in the event of any subsequent transfer.
<br />1. The-mortgagor covenants and agrees as follows:
<br />~. Ttr protntptiy pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />ihardn 1$
<br />b. mo. pay "all saxes, assessments, water rates, and other governmental or municipal charges, fines, or
<br />itgpesitiona; £~r whkh provision has not-been toads hereinbefare, and wilt promptly deliver the official receipts
<br />tla+a~fttr icizhe sal rttctrt~agte>
<br />c. To pity such expenses and fees as may be incurred in the proicciion and maintenance of said property,
<br />ipehtdirta the tees A[ any atiorttey etnpluyed by the mortgattee for the collection of any or all of the ittdebtedn~s
<br />~y +teurai, or fcur~:loaure try morttta's sale. or court proccedirtgs, or in any other litigation or prcxectiling
<br />attittg mid ptoptny.
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