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I 83-001021 ,MORTGAGE -! This mortgage made and entered into this 28 day of February 19.:...8.1.:-....byoandbetween KennethD. Leetch, Mary J. Leetch, Gail W. Leetch, joint tenants with rights. of survivorship (hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company mortga~ee). who maintains an office and place of business at 424 West 3rd St. Hall County. Nebraska, (hereinafter referred to as street in Grand Island. WITNESSETH. that for. the consideration hereinafter stated. receipt of which is hereby acknowledged. the mortgagor does hereby mortgage, sell, grant, assign, and convey unto the mortgagee. its successors and assigns. all of the fol- lowing described property situated and being in the County of State of Nebraska, Westerly Forty Four Feet (W44') of Lot Four (4) in Block Sixty Three (63), Original Town, now City of Grand Island, Hall County, Nebraska together with all the tenement. and appurtenances thereto belonging. all the rents. issues and profits thereof, and all easements. rights. royalties, mineral. oil and ~!l< ,'ights and profits. water. water rights. and water stock. and including all heating. plumbing. refrigeration. lighting, equipment and all fixtures of every description belonging to the mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition thereto the following described propenies which are and shall be deemed to be fixtures and a pan of the realty. and are a portion of the security for the indebtedness herein stated. (If none. state "none") To have and to hold the same unto the Mortgagee. as herein provided: The mortgagor is lawfully seized and possessed of and has the right to sell and convey said property; that the same is free from all encumbrances eKcept as hereinabove recited; and that Mortgagor covenants to warrant and defend the title aforesaid thereto and every part thereof against the claims of all persons whomsoever. This instrument is given to secure the payment of a promissory note dated February 28. 1983 in the principal sum of $47.314.83 . signed by Kenneth D.. Mary J.. Gai 1 W lee-tch in behalf of themselves also. as such note or notes may from time to time be modified. renewed or extended in writing. In the event the title to said real estate is transferred. or contracted to be transferred. from the undersigned for any reason or by any method whatsoever. the entire principal sum and accrued interest shall at once become due and payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated in one instance. shaI1 not constitute a waiver of the right to exercise the same in the event of any subsequent transfer, 1. The mortgagor covenants and agrees as follows: w a. To promptiypay the indebtedness evidenced by said promissory note at the times and in the manner there$llTovicied, b. To pay. all taXcs, assessments. waler rales. and other governmental or municipal charges. fines. or impositions. for which provision has not been made hereinbefore. and will promptly deliwr the official receipts therefor to lhe said mortgaacc. c, To pay such expenses and fees as may be incurred in the protection and maintenance of said property, including the fees of any allorney emplo}'e(\ by the mortgagee for the collection of any or all of the indebtedness hereby secured. or foreclosure by mortgagee's sale. or court proceedings. or in any other litigation or procceding affecting saiu property,