|
<br />MORTGAGE
<br />
<br />83-4J0124,l
<br />
<br />This mortgage made and entered into this 10th day of
<br />19~, by and between Jerry Luth, A Single Person
<br />
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />
<br />March
<br />
<br />mortgagee), who maintains an office and place of business at
<br />Hall County, Nebraska.
<br />
<br />424 West 3rd
<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 Hall
<br />State of Nebraska,
<br />
<br />All of the Northerly ~le Hundred and Five Tenths (N 100.5') Feet of the
<br />Easterly Two Thirds (E2/3) of Lot One (1) in Block Fifty Four (54) in
<br />the Original Town, now City of Grand Island, Hall County, Nebraska
<br />
<br />and
<br />
<br />Southerly Thirty One and Nine Tenths (31.9) Feet of the Easterly Two Thirds
<br />(E 2/3) of Lot One (1) in Block Fifty Four (54), in the Original Town, now
<br />City of Grand Island, Hall County, Nebraska
<br />
<br />togttber 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 lhe realty, and
<br />are a ponion of the security for the indebtedness herein stated, (If none, state "none")
<br />
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />
<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 hereinab<we 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,
<br />
<br />This instrument is given to se<;\!re the payment of a promissor}' note dated March 10, 1983
<br />in the principal sum of S 60, OOO~OO . signed by Jerry Luth
<br />in bebalf of Jarrv Luth d/b/a Dallas
<br />
<br />aI$o. auudt note or notes may from time to time be modified, renewed or extended in writing,
<br />
<br />In the event tbe title to said rc.U estate is transferred, or contracted to be ~ransferred, 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 holdet hereof. Failure to exercise this option because of transfer of title as above stated
<br />inane iQSlaD(:e sball not comtitute a waiver of the rlghtto eJtet'cise the same in the event of any subsequent transfer,
<br />
<br />I, TIle tnOft8lIIOr _ts and l\gfCeI as follows:
<br />
<br />a. . To.llI'QIrIIldy pay tbe i~ evide.nted by said promissory note at the times and in the manner
<br />tbm:in provlde4.
<br />
<br />b. To pay 1111 tUa, __ts, wllter rate>, and Other governmental or municipal .:harge>, fine>. or
<br />~ for.whidt ~ has not been made hereinbefore. and will promptly delh'e, the official r('{'(',pts
<br />theftfor to the said motlM<<,
<br />
<br />c. To pay SQ;;b n~ and f_ as may be hu:urred in the ~oteetlon and maintt>oanct> of saId pmpem,
<br />I_Wq the fees of MY lIUot1M:Y -pIoycd by the mortptee for th... ,011<<1100 "f anv or all of the ,ndebtf'doe.,
<br />lI<<eby _'llf.ed. Clf fored",\ue by mortgllllt'e" ;ale, {)f ,,>u" !'ffX<<'tIing., '>I' in any (',h..r hll~a\lo" l" I'to''''edlll~
<br />,,(fro,. >aid l'roplrfty.
<br />
|