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<br />I
<br />
<br />MORTGAGE
<br />
<br />83~lJ(j272'8
<br />
<br />This mottgage madeaild entered Jrtto this 31st day of
<br />19'53',byatldlietween Sk:atelarfd of Alliance, Inc.
<br />
<br />May
<br />
<br />(hereinaftetreferred to asmortgagor)artdCommerciill National Bank and Trust Company
<br />
<br />l11ot!'gagee); whOn:aintains an officeahd place of business at
<br />HallCounty, Nebraska.
<br />
<br />(hereinafter referred to as
<br />424 W. Third SL street indrandIsland,
<br />
<br />WtrNaSSl:!TH,that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />doe,shen~bYtl1ortgage. sell. grant, assign, and convey unto the mortgagee, its successors and assigns, all of thefol-
<br />lowing described property situated and being in the County of Hall
<br />State'o.fNebraska.
<br />
<br />Lot Two (2) Fonner Third Subdivision in the City
<br />of Grand Island, Hall County, Nebraska
<br />
<br />together with iIlI the tenements and appurtenances thereto belonging, all the rents, issues and, profits thereof, and all
<br />ellSements, rights, royalties, mineral, oil and gas rights and profits, waler, waler rights, and waler stock, andincluding
<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 Ihe 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 portiqn of the security for lhe indebtedness herein stated. (If none, state "none") None
<br />
<br />To have and to hold the same unlo 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 lhat Mortgagor covenants to warrant and
<br />defen4the t.itie aforesaid thereto and every part thereof against the claims of all persons whomsoever.
<br />
<br />This instrument is givento secure the payment of a promissory note dated Ma.y 31. 1983
<br />in the principal sum of $lS0, 000 00 . . . ' signed by James McDermott
<br />in behalf of Skatelarid of Alliance, Inc.
<br />
<br />also, assuch note or notes may from time to lime be modified, renewed or extended in writing.
<br />
<br />
<br />In the event the ti* to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />r~~o{ b}'l\PY .lpeth.<>d. whaispever, the entire principal. sum and accrued interes.! shall at once become due and
<br />~~J~~i ~e.el~tion' of the holder here?f. Failure. to exercise tb.is option be~ause of transfer of title as above stated
<br />itJ;,(lIl.~,i~Ym~s~a:j'not constitute awaiv<:r oftherightto .exercise the san:e in the event of any subsequent transfer.
<br />
<br />l'h.~~f~or covelllints,and. agreesa$ follows;
<br />
<br />~1:9.Pf{lmp~tP~Y tl1e)n!;le1>tf:4.1l.~sevi<lel1~ed by s\li<l. prqmiss()ry note at the. times and in the manner
<br />tl!~~~f~:~r.9~~~:; ". . ....
<br />
<br />b.ToP~Yalltaxes.~ssmems; waler. rates, and othergovernmemal or municipal dlarges. fines, or
<br />ilV~it.i9l)f, fo/~li.i~hpro\lision has. not been made hereinbefore, and will promptly deliver the official receipts
<br />tlj~j-~f(lrlo th~$lIj!;lf)lPftgallee.
<br />
<br />
<br />c"TOPJ1r~1-'~~e:<'pells~andJees as may be incurred in the protection and maintenalKc of said property,
<br />~~j~tb1id~.o~.anY alt(lflleyempIQYedbyth.,"mortga~ for the collection of any or till of the indebtt'linc"
<br />~t.'"~Y secured. or foredosure by m(lrtgagee's sale, or COUll proceedings, or in any ()IhtT litigation or procTcding
<br />a(feeiing iaid Property.
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