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MORTGAGE 83-00150'7 mortgag~).whomaintains an office and place of business at 424 West3rd HallC()unty, Nebraska, (hereinafter refel'l'e(l,Was street in GrandJslalld, :..... This:mortme made and entered into this 29th day of 19~. by and betW'een Frontier Properties Corporation (hereinafter referred to as'mortgagor)and Commercial National. Bank and Trust.Company March WITNESSETH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged;. themortmor does hereby mortgage, sell. grant. assign, and convey unto the mortgagee, itS successors and assigns, allofthefoF lowing describel!property situated and being in the County of Hall State of Nebraska, Lot Thirteen (13) Kallas Subdivision, Grand Island, Hall County, Nebraska together with aU the tenements and appurtenances thereto belonging. all the rents, issues and profits thereof, and all easements, rights, royalties. mineral, oil and gas rights 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 properties which are and shall be deemed to be fixtures and a part 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 except 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 March 29, 1983 in the principal sum of $ 30.000. 00 . signed by Donald H, Kruse in behalf of Frontier PrOPerties Corporation al$o, as.sucb note or notes may from time to time be modified, renewed or extended in writing. In the event the title to said real estate is transferred. or contracted to be transferred. from the undersigned for any n:asonorbY8llYlnetbod whatsoever, the entire principal sum and accrued interest shall at once become due and payab~at thft elGCtion of the holder hereof, Failure to exercise this option because of transfer of title as above Slaled in onei~ shalI'JlOl constitute a waiver of the rlaht to exercise the same in the event of any subsequent transfer, 1. The.~. co~ts and agrees as JoIIows; 1I".l'o:.~pay tllo indebtedl1CSS evidenced by said promissory note at the times and in the manner ~..~ It. To pI)I alIWCiS. ~ts, water rates, and other governmental or municipal charges. fines, or ~ltions. for which provWOIlhs not be!ln ~de hereinbefore. and will promptly ddiver the official receipt> thenlt'.or to 1110 said mar...... 1,\. Tt>pay .JiUdl. ~ and. fees &$ may be illalrred in the protection anll maimenan<-c of said propeny, i~t.f_~f ~.uorney employed by the mOftaqee fOf the collection of any or all of {he indt'btedne$' ~ .*""ed.llf fOl'tdO$Ure by mortll4gee', $ale. or court proceedilltlS. <)( in any' other htigathm or pnx:t'edin~ llffil(Ji!ta _ PfOperty.