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<br />MORTGAGE
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<br />83-002'803 /
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<br />This mortgage made and entered into this ,,__2nd ___'__ day of JJ:lIDe
<br />19~, by and between Harry' C" Stalker and Patricia P. Stalker
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<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 424 West Third
<br />Hall County, Nebraska.
<br />
<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 />Lot TlU:rty Five (35L and South 12.,56 Feet of Lot Twenty six (26L, Lafayette Park
<br />Subdivision, City' of Grand rsland, Hall County, Nebraska
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<br />together with all the tenements and appurtenances there!O belonging, aU the rems, issues and profits thereof, and aU
<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 there!O or used in connection with the premises herein described and in addition
<br />thereto the following described properties which are and shall he 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 'he 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 !O 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 2 ,:<983
<br />in the principal sum of $ 4:1,250.,00 , signed by Harry C. and Patr~cia p. Stalker
<br />in behalf of Harry C, and Patricia C. Stalker ______,____
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<br />also, as such 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 !O be transferred, from the undersigned for any
<br />reason Of by any method whatsoever, the entire principal sum alld accrued interest shall at once become due and
<br />paY1!-ble at the election of the holder hereof. Failure to exercise this option because of trallsfer of title as above stated
<br />in. one instance shall not constitute a 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 follows;
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<br />a, To. promptly pay the indebt"dness evidenced by said promissory note at the times and in the manncr
<br />thl:l:ein J)roxided,
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<br />b, To pay all taxes, assessments, water rates, and other governmental or munkipa! charges. fillCS. ,'r
<br />impositions, for which provision has not been rnllde hereillbefore. and will promptly delivCl' thc "nidal receipts
<br />therefor to the;aJd.mortgag~.
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<br />c. To pa'y,\u~h t'Xj}eJl$C"S and fees a~ may be in-curred in !he pro(C'clion and maj-ntt.'llarh':~ of ...ald plo~x'n.\.
<br />inclu4ingthc fees orany attorney ernplcyedby the mortgagee for the eollec:tj"fl of "ny or all of Ihe indeblcd"",,,
<br />heu;by ~~'1.Jred. or ro,(.,,:kt~ure hy jlionga_~e-e.,s :<>aic. Oi >:OlJrt pro...::ceding'l. :noT in ~Hn Cltht'r lili~.l.llOll '_'tf Pf(l~t.'('J1iI~
<br />..fret"ting ~~.ia pH-~flt':ff~, .
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