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<br />MORTGAGE
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<br />83-\fO.W
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<br />83-001231
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<br />This mortgage made and entered into this 1st day of March
<br />19~, by and between Rudolf F. Plate & Jeannice R. Plate, husband & wife
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<br />(hereinafterreferred to as mortgagor) and Commercial National Bank and Trust Company
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<br />mortgagee), who maintains an office and place of business at 424 West 3rd
<br />Hall County, Nebraska,
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<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 propeny situated and being in the County of Hall
<br />State of Nebraska.
<br />The South Ninety Eight (98) Feet of Lot Twenty-Three (23), and the North Twelve (12)
<br />Feet of Lot Twenty Four (24), in "holcomb's Highway Homes," a SuIxiivision of a part
<br />of the Northeast Quarter (NE\NE~) a part of Lot Four (4) (Mainland), all in Section
<br />Twenty Eight (28), Township Eleven (11), North, Range Nine (9), West of the 6th P.M.,
<br />Hall County, Nebrask~ also known as 2514 South Locust, Grand Island, NE
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<br />.Lots One (1) and Two (2) and Lots Four (4) through Thirty-one (31), both inclusive,
<br />in Fonner View Second SuIxiivision, in the City of Grand Island, Hall County, Nebraska.
<br />
<br />Lot Three (3), Sandy Beach Subdivision, Hall County, Nebraska, also known as
<br />2209 East Stolley Park Road, Grand Island, Nebraska
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<br />Lots Eighteen (18) and Nineteen (19), and Lots Twenty-eight (28) through Forty-one
<br />(41), both inclusive, in Fonner View Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska,
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<br />A tract of land containing 4.25 acres, more fully described on back
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<br />of mortgage.
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<br />together with all the tenements and appurtenances thereto belonging. all tbe 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, refrigerarion, 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")
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<br />To have and to hold the same unto the Mongagee, as herein provided:
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<br />The mortgagor 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 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 March I, 1983
<br />in the principal sum of S 350,000.00 , signed by Rudolf F. Plate & Jeannice R. Plate
<br />inbebalf of themselves d/b/a Plate PropertJ.es
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<br />also, as sudl note or notes may from time to time be modified, renewed or extended in writing,
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<br />In the elo-ent 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 a.t the election of the holder hereof. Failure to ex.ercise this option because of transfer of title as above stated
<br />in oneitlS~ shall not constitute a waiver of the right to exercise tbe same in the event of any subsequent transfer,
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<br />I. The mortpaor covenants and agrees as follows:
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<br />a. Tee J)tGmptIy pay theinddltedness evidenced by said promissory note at the times and in the manner
<br />tlwlrdn provided.
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<br />b.. TO ~ all laM5. _sments, waler rales, and other governmental or municipal charges, fines, or
<br />impositions, fOf whidlprm<ision bas not been made hereinbefore, and will promptly deliver the official receipt,
<br />tber1:for 101M Aid mortplft,
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<br />c, To \lilY su..'iI e:t~ and fees a. may be incurred in Ihe protection and mantlenanee M saId properly,
<br />indlldias the fees of an)' aUOfI1eY mtpklyed by tbe mortPl<< for tbe <:olle.:tion of anv or all of the indebtedne,,,
<br />~ _rN., Of forec!(JSure by' ffillnpiee's !;ale. or court pr~ings. m in an' oll;e.. !!Ii~atlon '" I'n",'t'din~
<br />affecti~ ""id OfQllt'flv,
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