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<br />MORTGAGE
<br />
<br />83-fl01760
<br />
<br />This mortgage made and entered into this 18th day of February
<br />
<br />19~, by and between Robert E. Rasher and Erma Jene Rasher, husband and wife, joint
<br />tenants with rights of survivorship
<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,
<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, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska,
<br />
<br />Lot Two (2), Block Four (4), in Cunningham Subdivision to the city of
<br />
<br />Grand Island, Hall County, Nebraska
<br />
<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 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 Mongagee. 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 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 IDstrument is given to secure the payment of a promissory note dated February 18, 1983
<br />in the principal sum of $ 50. 000.00 , signed by Robert E. Rasher
<br />in behalf of Northside Motors
<br />
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />
<br />In the event the title to said real estate is transferred, or contracted to be transferred. from the undersigned for any
<br />feas<ln or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />~yable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in ope 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 monpgor covenants and agrees as follows:
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<br />1!.,.TilPrornptly ~y tile indebtedness evidenced by said promissory note at the times and in the manner
<br />therein provided,
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<br />b, To ~y all taxes, assessments. water rates, and other governmental or municipal charges. fines, or
<br />impositions. for which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortPace.
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<br />c. To ~y such expenses and fees as may be incurred in the protection and maintenance' or said propeny,
<br />inqlldlna the fees of any attorney employed by the mortgagee for the collection of allV or all of the indebtedness
<br />hereby $e<:Ured, or foreclosure by mortgagee's sale, or COllrl prO<.-eedings, or in any other litigation or procl'Cding
<br />affecting said properly.
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