Laserfiche WebLink
<br />r <br /> <br />83- 002550 <br /> <br />MORTGAGE <br /> <br />This mortgage made artdentefedinl'o this 31st day of <br />19~.byandbetwtel1 MidContinent Enterprises, Inc. <br /> <br />(heTeiIU!fter rtferrei:Ho as mol1gagorlmtd Commercial National Bank and Trust Company <br /> <br />March <br /> <br />mOO.glIgeeY:Wbl)nllIitltainsan off'lCe andplat!e of buSineSs at <br />HaUCOumyi Nebraska. <br /> <br />424 West 3rd <br /> <br />(hereinafterreferred'to as <br />street ill Gralld Island. <br /> <br />W~; tbat for the 1:oll!lideration hereinaJterstated. re1:eipt of whkh is hereby aCknowledged. the. mortgagor <br />does~etJy~e,sell.grant, aSsign; and convey unto the mortgagee. its successors and assigns, aIlohhe fof;.. <br />Ibwmg'dCsCnl1ed property situated and oollll in the County of Hall <br />StatbofNebraSb, <br /> <br />tot Twenty Three (23), Block Seven (7), Unit One (1), Continental Gardens, <br />an Addition to the City of Grand Island, Hall County, Nebraska <br /> <br />together with all the tenements and appurtenances thereto ~Jonging. all the rents. issues and ptofits thereof. and aU <br />easeUlCntS, r\ihts. royalties, mineral. oil and8aS rights and profits. waler. water rights. and water stock. and induding <br />all heating, plumbing. refrig<<1ition. lighting. equipment and all fixtures of every description belonging to the <br />mortgagor now or. hereafterallached thereto or used in oonnection with the premises herein described and in addition <br />thereto the foUowing described properties which are and shall ~ deemed to be fixtures and a part of I he realty. and <br />are a portion of the: s<<urity for the indebtedness herein stated. (If none. state "none") None <br /> <br />To have and to hold the same unto the Mortgagee. as herein provided: <br /> <br />The mor~ is ltwfully seized and pl)$$eS5<<l of and has the right to sell and convey said property: that the <br />same is free fl'Otl1. all ellCllmbrarwes CJI~'CpI as hereinabove recited: and that Mortgagor covenants to warrant and <br />defej'llj the title aforesaid thereto and every part thereof agaill!ltthe claims of all persons whomsoever. <br /> <br />TAisimU'Umentls given to secure tile payment ofa promisl.Ory note dated March 31, 1983 <br />ill tlle. Princi:PlIl sum ofS 50, 000.00 . sigMd by Glenn R. Wilson Jr. <br />in ,behalf of MldConti.nent Enterprises, Inc. <br /> <br />ab.o. llSStl~hnote ()tootes may fl'Otl1 time to time be modified. renewed or extended in writing. <br /> <br /> <br />Intlle.event the title to said tul estate is transferred, or contracted to.be transferred. from the undersigned . for any <br />~'...()t...~...am'..~. ~lll'. theelUire prtndpa! sum and a~crued interest shall at once become due and <br />~at,tlle. elettion of the boldet hereof. Failure to elIercise this option because of transfer of title as above stated <br />in'.~~sbetinot .COllStitutt:.a waiver of theriaht to CllerCise the same in the event of any subsequent transfer. <br /> <br />~~....1ltS and agrees asJoUOWs: <br /> <br />. PltI,tItlllndebtedlleli$ ~ by saidprornissory note at the tim~ and in the manner <br /> <br />l).,r~~~~,~lS. watlK' raw, llDdothet aovermnentalormunicipal charges. fines. or <br />~.tflt'~~~ _.001 been. made htrembefoo;anO Willpr~tly delivertl'le official receipt, <br />~<<J(1.~~, <br /> <br />e,'t4iPn_.tJ\~lltldf_. as ilia)'. be illCUrtcd in the protection and maintenall<:e of ,aid proper!}. <br />~~~~(~MtO(~~Yedb)l.t"monsa~ f<lflMeoUectwn of any t'r all of the indebtedness <br />l'!l\t~~~. ()t (.l!>.~\!~by mort:&~'s sale., Of rourl pt<<~ings.. or in any ot~t lilillalHm or I'ro"t1lJil111 <br />aff<<tl~ saW; ~Jl4'I'IY, <br />