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<br />MORTGAGE
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<br />83- 002757
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<br />f
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<br />This morlgagemade and ellteredinto this 1 s t day of .In n f'
<br />19~, by and between Luella M. Reynolds and Roland E. Reynolds, Husband & Wife
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<br />(hereinafter referred to as rttortgagor) and Northwest National Bank
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<br />mortgagee), who maintains anoffice and place of business at2008 N
<br />Hall County, Nebraska.
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<br />(hereinafter referred to as
<br />Iv f' h h Ro" cl street in Grand Island,
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<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 thefol-
<br />lowing described property situated and being in the County of
<br />State of Nebraska.
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<br />Lot Eleven (11) in Hidden Lakes Subdivision
<br />Number Two (2), being a Part of the SEtNEt
<br />and a part of the N~NEtSEt of Section 13,
<br />Township 11 North, Range 9, West of the
<br />6th P.M" Hall County, Nebraska
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<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 Mortgagee, as herein provided:
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<br />Thll 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 />d.llfend the tide aforesaid thereto and every part thereof against the claims of all persons whomsoever.
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<br />This instrument is given to secure the payment of a promissory note dated June I, 1983
<br />in the principal sum of $ 60,000.00 . signed'by Luella H. & Roland E. Reynolds
<br />in behalf of Luella M. & Roland E. Reynolds, husband & wife
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<br />also, as such note or nOttlS may from time to time be modified, renewed or extended in writing.
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<br />In,tb,e event the tidelo said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />~~. ~ b)\anY. ~~thQd ~~er,. the elltire. principal sum and accrued interest shall at once become due and
<br />~)'alill;. a~ the electioll of the hold~ hereof. . Failure H> exercise this option because of transfer of title as above stated
<br />i!1. aile mStJinCesJialJ nOt cqnstitute a waiver of the right to exercise the same in the event of any subsequent transfer.
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<br />L 1\hl: 1Il0rt8llgorco~:enants and agrees as. fQllows:
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<br />a: 1'1;1 Pf<>ll1p!JyPllY tn\!in,kbtedness evidenced by said promissory note at the times and in the manner
<br />t,ltJ:t~lfl p;ovid~.
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<br />".to ~y aU ta:\tlS, assess~ents, water rates, and other governmental or municipal charges, fines, or
<br />~itioflS' for Which pruvision luts not been made hereinbefore, and will promptly deliver the official reee'p!'
<br />tli~efol tll the -alII mOI1!@!I.(.'I;,
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<br />c. To Pll)'$Uch e\Nln~ alld. fllCli .iI> ,may be !ll('Uffed in the protection and m,llnlenatKe 01 ,~aid prop...' lY.
<br />lll(l~llll thf:. fllCli of anYllltorncy. employed by the mortPllef for the coU",,,ion of any Of all of the indebtedne"
<br />~_eby ~,..r~d~ Qr fUfci;JO$urc by rnortgale~f:. sale. or r.:'oun pf()(e-edl.i1g~-, Qf in any nthel 11tigati(~n Of ploceeding
<br />aHe<:ltlll!, 'lal4 flfo~f1>..
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