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<br />I
<br />
<br />MORTGAGE
<br />
<br />83- 001650
<br />
<br />ThiS'lnortgagemade and entered into this 4th day of April
<br />19~, bjlalldbetween Clarence L. Shuda and Vernie K. Shuda, huS!band and wife
<br />
<br />(hereinaftertefetred 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,
<br />
<br />WtTNESSETH, 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 />Lot Six (6), West Roads EstateS! Fourth SubdiviS!ion, Hall County, Nebraska
<br />alS!o known as 4216 Springview Drive, Grand Island, 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 connection with the premises herein described and in addition
<br />thereto the following described properties which are and shall be deemed 10 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")
<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 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.
<br />
<br />This instrumelll is given to secure the paymelll of a promissory note dated April 4 , 1983
<br />in the principal sum of $ 55,000.00 , signed by Joe Setlik and Clarence Shuda
<br />in behalf of themselves
<br />
<br />al$o, as such note or notes may from time to time be modified, renewed or extended in writing,
<br />
<br />
<br />In the event the title to said real. estate is transferred, or cOlllracted to be transferred, from the undersigned for any
<br />reason or by any method , whatsoever, the entire principal sum and accrued illlerest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />In'olle i~ceshal\not constitute a waiver oUhe right 10 exerci$e 'he same in the event of any subsequent transfer.
<br />
<br />\, TM mol1gagor covenants and agrees as follows:
<br />
<br />a. To P!'olllPtlypay the indel?tedness evidenced by said promissory note at the times and in the manner
<br />therein' pr<lvi<\Jd,
<br />
<br />b, To" pay allllutes, assessments, waler rates, and other governmental or municipal ,harges, fines, or
<br />im/lO$iU9l1&, far,wltich provision has nol, been made hereinbefore, and willpromplly deliver the official rC\.'eipls
<br />tll_fol to the said mortgqJ:e,
<br />
<br />c. To Jl3Y sUCll,eltlJellSesand fees as maybe incurred in th,e pH'tection and Illoimenance of !\llid propclly,
<br />lMllldlllilhe f. of any attOl'IleY emplo)'ed by t"" mOl'tlllgee for the collection of anv or all of the indeblt"\lness
<br />hflebY5CCllre<l, fir fOfcclQsllte by IllQrtgagee', sato;, (}l cOllrt pnx-eeding.s, or ill illly ,,!I~er Iiligati')ll or p""""'d,,,>,
<br />arr~"tina said pruperly,
<br />
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