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I MORTGAGE 83-4.)01714 n This lI10rtgage made and entered into this 26th day of March 19~, by and between Gerrald L. Weedin and Audrey E. Weedin, husband and wife, (hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company mortgagee),' who maintains anooffice and place of business at 424 West 3rd St. Hall County, Nebraska, (hereinafter referred to as street in GfandIsland, WITNESSETH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor does hereby omortpge, sell, grant, assign. and convey unto the mortgagee. its successors and assigns. all of thefol~ I()wmg'descnbe<lproperty situated and being in the County of Hall State of Nebraska; 0 Lot Five (5) and the South Eighteen Feed (18') of Lot Three (3) Block Twenty Two (22) University Place, arf Addition to the City of Grand Island, Hall County, Nebraska together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all easements. rights. royalties. mineral. oil and ~as 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 defendJhe 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 26, 1983 in theprincipaJ sum of S 13.000.00 , signed by Gerral.d L. Weedin and Audrey in behalf of themse1.ves E. weedin also, as sw:hnote Or notes may from time to time be modified. renewed or extended in writing, In tha event ~ tide to said rtllll estate is transferred. or contracted to be transferred, from the undersigned for any ~Ol;bYllllYmethodwhatsoever. the entire principal sum and accrued interest shall at once become due and payable at.tha eJ~on of the holder hereof, Failure to exerci$e this option because of transfer of title as above stated iII.<iQInstl\llIlesballnotcol\$litute a waiver of the risht to exerci$e the same in the event of any subsequent transfer. I. TbemonaaaOlcovenanta and agrees lI$ follows: ....: ".,~y-....,~. indebtedness. evidenced by said promissory note at the times and in the manner tboreill..provickd. ~ b.- To;~all~. a5,1\!$Smenls, water rales. and o~r governmental or municipal charges. fines. or i~ fW. \\Ihll;bo~ has not been made hereinbefore, and will promptly deliver the official receipts ~OfJo~ai4 morl~, e, ToI*Ysw:htll~andfelll;asmay be incurred in the protection and mllintenance of said property, l~thlI_of;.ny lItlotMy ~ by m.mortl8F for the collection of IIny or all of the indebtedness hcl'1lby liCCl!Te<l. or foreelosufl: by morlaaaec's sale. (>r court proceedinll$, or in any other lit illation or pro<'cedHlg a.J'fl!\.'tlna ~ld properly,