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<br />MORTGAGE
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<br />/ '- ~-.! !t.; ~ '.
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<br />83- 002785
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<br />This mortgage made and entered into this 1st day of June
<br />1983... ,byandbetween John W. Wayne, A Single Person
<br />
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
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<br />mortgagee);' who maintains an office and place of business at
<br />Hall County, Nebraska.
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<br />424 W; Third
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<br />(hereinafter referred to as
<br />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 the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
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<br />The Westerly Sixty-Seven (W67') Feet of the
<br />South Fifty (50) Feet of Lot Four (4), in Block
<br />One (1), Hann's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
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<br />together with al1 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 fol1owing described properties which are and shall be deemed to be fixtures and a part of the realty, and
<br />area 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:
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<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.
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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$ 20,000.00 , signed by John W. Wayne
<br />in behalf of himsel f
<br />
<br />1140; assuch.note or notes may from time to time be modified, renewed or extended in writing.
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<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 wha\Soever, 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 />inqneinstaIlcesi)allnot constitUlea waiver of the right to exercise the same in the event of any subsequent transfer.
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<br />The mortgagor covenants and agrees as Jollows;
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<br />, 1l.TOIlromptly pay the irn:ielitedness evidenced by said promissory note at the times and in the manner
<br />tnereinprovidect;
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<br />b; T'Opay. alltaxesi assessments. water rates, and other governmental or municipal charges, fines, lOr
<br />impositions, Jor whiCh provision has not been made hereinbefore, and will promptly deliver the official receipt,
<br />therefor to tile said mortgagee,
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<br />c. To pay suchexpt'nses and fees as may be incurred in the protection and maintenance of said property.
<br />inclUdingll1e f~ of any attorney emplQyed by the mortgagee for the collection of any or all of the indebtednes>
<br />hereby sei:'ured~ or foredQSuft' by mongag<<.s sale. or 1."Ourt pr(){'cedings.~ or in .an)' tHhcl Jit!gatioll PI [H'{)ct:....Jing
<br />affectinjt said pflJr,.;fly.
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