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<br />I
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<br />MORTGAGE
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<br />83"110'1628
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<br />This mortgage made and entered into this 4th day of _ April
<br />19--8.3..-, by and between James D. Goodwin and Colleen M. Goodwin, 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, Nebraska,
<br />
<br />424 West 3rd
<br />
<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 property situated and being in the County of Hall
<br />State of Nebraska,
<br />
<br />The Westerly One Half (W~) of Lot Three (3) in Block One Hundred Seventeen (117)
<br />in Railroad Addition to the City of Grand Island, Hall County, Nebraska
<br />
<br />together 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 conne<:tion 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 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 enculllbrances 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 dared April 4. 1983
<br />in the principal sum of $ 26,000.00 , signed by James D. Goodwin & Colleen M. Goodwin
<br />in behalf of themselves
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<br />also, as such note or notes may from time to time be modified, renewed or extended in writing,
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<br />In the evell! 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 emire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in one instance shall not constitute a waiver of the right to exercise the s~me in the event of any subsequent transfer.
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<br />I, The mortgagor covenants and agrees as follows:
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<br />a, To promptly pay the indebtedness evidenced by said promissory note at the times and in the lIIanner
<br />therein provided,
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<br />b. To pay all taxes, assessments, water rates, and other governmelltal or lTIunicipClI charges, fin~s. 01
<br />impositions, for which provision has not been made hereinbefor~, and will promptly deliver the official r~cerpl.'
<br />thercfor to the said mortgagee,
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<br />c. To pay su(',h e\pe:n~es and fcC's as may be incurred in tht.,- prott'(tlol1 and maintt..'nan\.:c ,JI "aid propt...'rl~',
<br />including tl1e fees of any allorllcy employed by the mortgagee for Ihe collection "I' any 01 all of the indebl~JlIe"
<br />hereby :iJ,e\:ured, f)f fnredo':!un: b}' mortgagee'!; sale. or \:oun pH)~eeJing~. or HI ~H1\ *-llhel Ij!i,!.!,Hion ~)l pr,}....I..,I...dm:,.;
<br />affc{:tuijt 'i~\id pfopeny
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