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<br />I
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<br />MORTGAGE
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<br />83-001715
<br />
<br />n
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<br />Thismbrtgalle made and entered into this 8th day of April
<br />19~, by and between Kenneth E. Hilligas and Ramona R. Hilligas, husband and wife; and
<br />Lewis W. Hilligas and Shirley M. Hilligas, husband and wife
<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 424 West 3rd
<br />Hall County, Nebraska,
<br />
<br />(hereinafter referred to as
<br />street in Grand Island,
<br />
<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, aU of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska,
<br />
<br />Lots Four (4) and Five (5) in Block Forty Five (45) in Packer and Barr's
<br />Second Addition to the City of Grand Island, Hall County, Nebraska, "also
<br />known as 2304 West Lincoln Highway, Grand Island, Nebraska
<br />
<br />Lots One (1) and Two (2) Eastside Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska, also known as 1108 and 1116 NorL~ Beale Avenue,
<br />Grand Island, Nebraska
<br />
<br />together with aU the tenements and appurtenances thereto belonging, aU 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 aU 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 foUowing 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 lawfuUy seized and possessed of and has the right to seU and convey said property; that the
<br />same is free from aU 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 aU persons whomsoever.
<br />
<br />This instrument is given to secure the payment of a promissory note dated April 8, 1983
<br />in the principal sum of $ 106,100.00 , signed by Kenneth E. Hilligas and Ramona R.
<br />in behalf of themselves Hilliqas and Lewis W. Hilligas and Shirley
<br />M. Hilligas
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />
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<br />In the event the title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />r~ or by any method whatsoever, the entire 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 />inOlle instance shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer,
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<br />I, The mortgagqr covenants and agrees as follows:
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<br />a. To ..PfOlllptly pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />therein provic\ed,
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<br />b, To pay aU taxes. asse>>ments, water rates. and other governmental or municipal charges, fines, or
<br />ill)POSltiom. for which provision has not been made hereinbefore. and will promptly deliver the official re;;eipts
<br />thel'rlor to the said lIlortgllaee,
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<br />c, To pay slU:h c:xpeuses and fees as may be incurred in the prote;;tion and maintenance of said properrv,
<br />lndudintthe. fees of any altomeyemploYed by Ihe mortgagee for the ,olleet.on of anv or all of the indebtL'(jn~"
<br />l:1cJ'tby ;;ecured. Of fotedmureb~~ lIlOflgagee.'s Mlle, or court proceedings, or in an' oll;er litigation 01 proce<'ding
<br />affecli~ !lIid prQ)lefly.
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