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<br />83-002645
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<br />MORTGAGE
<br />
<br />This mortgage made and entered into this 6th day of __Hay ._
<br />19~, by and between Kenneth L. Mueller and Joan L. Mueller, husband and wife
<br />
<br />(hereinafterrefetted to as mortgagor) aTld Coinmercial 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 Grandlsland,
<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 Two (2) and Four (4) in Block Twenty Two (22), in University Place,
<br />an Addition to the City of Grand Island, Hall County, Nebraska.
<br />
<br />together with all the tenements and appurtenances therelO 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 anached thereto or used in conne.:tion with the premises herein described and in addition
<br />thereto the following described properries which are and shall be deemed 10 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") None
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<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />
<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 afon:said thereto and every part thereof against the claims of all persons whomsocver.
<br />
<br />This instrument is given to secure the payment of a promissory note dated (4ay 6, 1983 ,
<br />in the principal sum of $ 5.4,000.00 __d signed by Kenneth L. Mueller Ii Joan L. Mueller
<br />in behalf of themselves _____
<br />
<br />a1SQ, as sucb note or notes may from time to time be modified, renewed or eXlended in writing.
<br />
<br />Ill. tbeevellt the title (0 said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reaw.lI Qf by at!Y method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />Pllyable at the election uribe holder hereof, Failure to exercise this option because of transfer oUille as above stated
<br />m,on.: Instance shall not cOIlSlIt.\He a waiver of the right 10 exercise the same in the event of any subsequent transfer.
<br />
<br />I. TlIemongagor CQvCl)ants and. agrees as follows:
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<br /><1.,. To promPf,ly{llty tbeinqebt<<inescS evidenced by said promissor:;, note at the. times and in the manner
<br />~reinPtoYi9~
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<br />b, To pay all taJ<es, assessments, water rates, and other governmental or municipal chalge" fine,. 01
<br />i!i1jlQSi!ions, for wJm;hprovislPttbas not been m,llk hereinbefore, and will prompLly deliver the official receipt;
<br />tblllefbrto the s~ldmortgagec.
<br />
<br />c. TO\lliY suche.~P<tl)sesand f~ as may be incurred in the protedion and maimcn<lncc of 'aid f'fOp~Il:.
<br />infllni\ngltll:r~of iU!yaUorneyernployedbythe mortgagee for the coI!4~t;on of any or aU of tht. indd>teul1t'>\
<br />herebY ~c(uredf -()t tPItt'to$ure by mongaset"!io ".ale. 01' \:()Un jJj'Ot:teding'i. ;;)1' in any- cHhrr lHlfU:.i-1HJn Pi Plt.~('i.;d~il~
<br />ufftdhl$ ~;lld PIQ1X'rl}.
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