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<br />83- 00 1~;l4
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<br />MORTGAGE
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<br />This mortgage made and entered into this 1st. day of March
<br />n 19~ by and between TERRY L. BRO'iiN and CHERI BROWN, husband and wife
<br />
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />
<br />mortgagee), who maintains an office and place of business at
<br />Hall County, Nebr:uka.
<br />
<br />424 West 3rd St..
<br />
<br />(hereinafter referred to as
<br />street in Grand Island,
<br />
<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
<br />State of Nebraska,
<br />
<br />Lot Two (2), Block Two (2) in West Bel-Air Addition to
<br />the City of Grand Island, Hall County. Nebraska
<br />
<br />together with all tbe tenements and appurtenances th~relO belonging. all the rems, issues and profits thereof. and all
<br />easements, rights, royalties, mineral. oil and gas rights and profits, Water, wat...r rights, and water stock, and including
<br />aU heating, plumbing, refrigerntion, lighting, equipmelll and all th-rures or 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 he deemed to be fixtures and a part of the really, and
<br />are a portion of the se<.'Urity for the indebtedmss herein stated, (If none, state "none")
<br />
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />
<br />The mortgqor is lawfully seized and possessed of .md has the right 10 sell and convey said property; that the
<br />same is free from all encumbrances e)(~pt as hereinabove recited; and that \1ortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every ran Ihere<;/' against the claims of all persons whomsoever. This instrument is
<br />8iveni to ~r1iLtht ~~h.~:a:ntees of TeU)' L. & Cheri Brown of T.L.B. Investments a
<br />~~_'I" ~ "",...~..., .".p.--""lI_ctated March 1,1983
<br />in eM principal sum of ~ 75,000.00 , signed by Terry L. Brown and Cheri Brown
<br />in beb3lfof T. L. B. Ynvestllents. a Division of Midwest Auto Brokeraqe
<br />
<br />also, as such note or notes may from time to time be modified. renewed or extended in writing,
<br />
<br />IA tile event the title to said real estate is transferred, or cOntrllCled to be transferred. from the undersigned for any
<br />reason. or by any method \\'ha~er. the entire principal sum and a<xrued imerest shall at once become due and
<br />payable at the dection of the holder hereof, Failure to exercise this option because of transfer of title as above stated
<br />in one imtallf:e shall DOt constitute a wai\'er of the right to exercise the same in the event of any subsequent transfer,
<br />
<br />I, llIc monlJllaW covenants and a.gmes as follows:
<br />
<br />a. To ~tyPlY tM indebttdness evidenced by said promissory nOle at [he times and ,n the milnner
<br />thetda ~
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<br />b. To ""'. aU t*-. _u., water rates. and olhet' governmental or munkira1 d':ltges. Ii""", m
<br />~0IlS. (Of wftlcll 'PrOVision has nm been made het'einbefore, and will ptomptly delh,...r the official re,elph
<br />tDttefor 10 the said mortptft,
<br />
<br />" Te> \.'Ill:)' writ e~ and f~ as may be .nound in lhe PfOle.:'tion and mall1tclIluKC ,'t 'alJ proI'Cnv,
<br />indudiftttllt f_uf .., lItl<\mey em~ by the mortJlI~ f(w tho, collection tlf an\' "I illl ot the indd'leduc"
<br />-~ .-u.f~t \'}f fOt"tXbUf~ .,~~ mtff"l__,""+'i; ~_ak. n-r -..:rnut pnx~hn.I'. qr Itl .ltl~ ,'ther hHl4-~HH",n 0-1 flh,,-.\:x'~hn~
<br />alte..1l"J ..ill ~""'ft('ft\
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