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MORTGAGEg~:....~ t, v o s ~ 9
<br />This mortgage made and entered into this 10th _ day of February
<br />19 84 ,by and between Rudolf F. Plate & Jeannice R. Plate, Husband tf Wife,
<br />Timothy C. Plate & Debra D. Plate, Husband & Wife
<br />(hereinafter referred to as mortgagor) and Northwest National Bank
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at 2008 N . WP bh Rd . street in Grand Island,
<br />Hall County, Nebraska.
<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 Ha 11
<br />State of Nebraska.
<br />A tract of land comprising a part of the West Half of the Northeast Quarter (WzNE`)
<br />of Section Twenty-Ni.ne (29), Township Eleven (ll) North, Range Nine (9) West of the 6th
<br />P.M., Hall County, Nebraska, and more particularly described as follows:
<br />Beginning at a point on the east line of said west half of the Northeast Quarter (W2NE~)
<br />said point being 1,753.7 feet West and 1,321.5 feet South of the North-East corner of said
<br />Sectior. 29; Thence running ~h~esterly and parallel to the North line of said W2NE~ a
<br />distance of 837.5 feet to a point on the easterly right-of-way line of the St. Joseph
<br />branch of the Union Pacific Railroad Company; thence running southerly along and upon
<br />said right-of-way line a distance of 607.3 feet; thence turning at right ankles and
<br />running easterly a distance of 834.7 feet; Thence turning at right angles and running
<br />northerly a distance of 609.55 feet to the point of beginning.
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<br />Part of the Southwest quarter of the Northeast Quarter (SWINE-r,) of Section Twenty-Nine (29),
<br />Township Eleven (11) North, Range Nine (9) West of the 6th P.M., more particularly described
<br />as follows: Beginning at a point on the East line of said St~'~idE4; said point being
<br />1, 3LJ.7 feet West and 1,932.2 feet South of the ortheast corner of said Section 29; thence
<br />running Westerly a distance of 1,262.7 feet to a point on the Easterly line of the St.
<br />Joseph & Grand Island Railroad Company, said point being 1,928.8 South of the North line of
<br />said Section 29; thence running southerly along said right-of-way line a distance of 610.5
<br />feet; thence running Easterly a distance of 969.6 feet to a point that is 290.4 feet West
<br />of the East line of said SI,','-,NE4; Thence running Northerly and parallel to the East line of
<br />said SW~NE,t--, a distance of 150.0 feet• thence running easterly a distance of 290.4 feet to a
<br />point on the East line of said SW~NEL; thence running Northerly along the East line of
<br />said SW~NE~, a distance of 461.17 feet to the point of beginning and containing 16.69 Acres,
<br />more or 1 s
<br />together wtteh atl 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 alt 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")
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<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 />This instrument is given to secure the payment of a promissory note dated Fe br ua r,v 10 1984
<br />in the principal sum of $ 100. 000.00 ,signed by Rudolf F. & Jeanrtice R. Plate & Tittnthv C. &
<br />in behalf of _Budnlf F'_ R J a a n n ' R Pta P H~ta.td g Wife Turothy C & Dr?~a D Plate Ikhra D Plate
<br />Husband & Wife
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />In the event 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 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 />inane instance shall Hat constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covenams and agrees as follows:
<br />a. To prompt]} pay the indebtedness evidtnced by said promissory Horn ai the times and in the manner
<br />the;eiKt provided,
<br />b. To pay a!1 taxes, assessmems, water rates, and other governmental or munic7pal charges, fines, or
<br />impasitians, for which provision has Hat been made hereinbeforo, and will promptly deliver the official receipt>
<br />therefor to the said mortgagee.
<br />c. To pay suct+ expeuses and fees as n+ay be incurred in the protection and ntafntrnance of said prapcrt>.
<br />irtC#udiny, rho fees of any attorney etnpieyed by the [nongagee for the collection of any or all of the indebtedness
<br />hereby stcurecl, tsr torrctosure t+y rnortgagec's sale, czr court proeec+dings, nr in arse utt+rr littgati.n or l~rnrcedir,3
<br />affecting said property.
<br />,«s ros
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