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<br />!Vl.M0RTGAGE
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<br />83-'l013~7
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<br />Thiscmortgage made and entered into this 15th day of February
<br />19.:JU-, by'alldbetweeri c:;uy A,_ Drake Jr., and Nancy M. Drake, husband and wife
<br />
<br />(hereinafteueferredto as mortgagor) and Commercial National Bank and Trust Company
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<br />mortgagee)~ Who;maiiltaInsanoffii:e and place oebusiness at 424 West 3rd
<br />HallColUlty, Nebraska,
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<br />(hereinafter referred ,to as
<br />street in Grand Jsland,
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<br />WrmEssETH; that far '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 />lowingdesen1!ed'propertysituated and beiogin the County of Hall
<br />State of Nebraska,
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<br />Lot Eleven (11) in Ross and Ashton Park Being a subdivision of a part of
<br />Lots Fourteen (14) and Eighteen (lB) of County Subdivision of West Half
<br />of Southwest Quarter (W~SW\) and a part of East Half of Southwest Quarter
<br />(E'>SW\)of Section Fifteen (15) in Township Eleven (11) North. Range Nine
<br />(9) West of the 6th P.~.. Hall County, Nebraska.
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<br />together with aU 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 acidition
<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 oftbesecurity 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 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 />defendthetit1e aforesaid thereto and every part thereof against the claims of all persons whomsoever,
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<br />Thisinstrnmentis given to secure the payment of a promissory note dated February 15. 1983
<br />in thepl'incipatsum of $ 3.087.50 , signed by Guy A. Drake Jr. & Nancy M. Drake
<br />in,bebaJf of' , themselves
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<br />also. asSUclU1OWoOf !lQteSmay from time to time be modified, renewed or extended in writing,
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<br />Inthe,eventthetitIe touid real mate is transferred. or contracted to be transferred, from the undersigned for any
<br />~\qI'byanymethOdwha&soever. the entire principaisum and accrued interest shaUat once become due and
<br />~~atth!lekcti!;ll1ofthe holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in~~~ not consltl\lte a waiver of the ",bt to eJ\ereisethe same in the event of an)' subsequent transfer,
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<br />~~.CQ~.atld..aar-.*,.roJ1owa:
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<br />Ik1'4~pay,tbll,~ evicleneedby saklpromissory note at the times and in the manner
<br />~,~;
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<br />b,;:Yopa)!1Ill'tu:es. ~~. water fates; and otbergovllrnmental or municipal charges, fines, \,)r
<br />i"'~fflr-c~~bU.not hoen.mad4 hercinbefctc; and wiUpromplly deliver the official r~"Cdpts
<br />~.tOclb&lHid~
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<br />c~To fl/IY"'~ and fl/fi as may beinc:urffllln fheprotectiOlland maintenance of said property,
<br />~"{.of..,.tomty QlployedbYtlte ~fot tlte collectiooof any or all of the indebtedness
<br />~-~ Qt. f!Jf~ b)'mt'lrt~'1I sale, ot rourt j:trol..~fl8$, Of in lll1y oth<-r litigation or PHlcecdillg
<br />tf'ectinl sakl~y, '
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