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<br />I
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<br />~" MORTGAGE
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<br />83_000998
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<br />This mortgage made and entered into this 18th day of February ,
<br />'I9~,byandbetween Preston s. Hesselgesser & Victoria A. Hesselgesser, husband and
<br />wife,
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />
<br />mortgagee); wh()maintains an office and place of business at
<br />Hall County, Nebraska,
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<br />424 West 3rd
<br />
<br />(hereinafter referred to as
<br />street in Grand Island,
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<br />WITNESSETH, 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 Hall
<br />State of Nebraska,
<br />
<br />Lot Two (2) in Grand Island Industrial Foundation Subdivision, Hall County, NE
<br />
<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
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<br />To have and to hold the same unto the Mortgagee, as herein provided:
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<br />The mortgagor is lawfully seized and possessed of and has the righl 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 title aforesaid thereto and every part thereof against the claims of all persons whomsoever.
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<br />This instrument is given to secure the payment of a promissory note dated February I, 1983
<br />in the principal sum of S 40,000.00 , signed by Preston S. & Victoria A. Hesselgesser
<br />in behalf of themse1 ves
<br />
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<br />also, as such note or notes may from time to time be modified, renewed or extended in writing,
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<br />In the event the title to said real estate: is transferred, or contracted to be transferred, from the undersigned for any
<br />reason or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in one instance shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
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<br />I. The mortgaaor covenants and agrees as follows:
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<br />ti
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<br />a. To promptly pay the indebtedness evidenced by said promissory note at the timl's and in the manner
<br />therein provided.
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<br />b. To pay all taxes, assessments, water rales, and other governmental or municipal charges, fines, or
<br />impositiOll&, for which provision has not been made hereinbefore, and will promptly deliver the official receipt>
<br />therefor to the said mortgqee.
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<br />e. To pay such eJl.pen$CS and f~ as may be incurred in the prOlection and maimenanee of said property,
<br />InchldiD8~rces of any attorney employed by themortgaaee for the collection of any or all of the indel>ledness
<br />hereby secured, or foreclosure by mortgagee's sale. or court prO\,eedings, or in any o'her li1igation or pro,:eediug
<br />affe<:ting ;aid prQperty,
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