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<br />'{~. () (>:,~.( ~._._ r-:
<br />
<br />MORTGAGE
<br />
<br />83..... JJ 02.8 06
<br />
<br />This mortgage made and E:nteredil1to this ---LD4-_ day of June.
<br />r9~, by aid between Harry C,S1:alker and Patricia P, Stalker, husoand and
<br />w:tfe
<br />(hereinafter referred to as mortgagor) andCommerdalNationai Bank and Trust Company
<br />
<br />mortgagee}~ who maintains an office and place of business at 424 West Third
<br />HallC6unty, Nebraska;
<br />
<br />(hereinafter referred. to as
<br />street in Grand Island,
<br />
<br />WITNESSETH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />doesnereby 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:
<br />
<br />Lot 34 Cfuirty fourL and Soutli~2,S6" (South Twelve alld Fifty Six Hundredths Feetl.of
<br />Lot 27 e:rwenty'SevenL, Lafayette Pa.rk Subdfvi:sion, City of Grand Island, Hall County,
<br />Nel:iraska,
<br />
<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 !las 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 atl!lched 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")
<br />
<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 selland 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.
<br />
<br />This instrument is given to secure the payment of a promissory note dated June 2, 1983
<br />inthqlr!ncipalsum of $ 42,250,00 ..... ' signed by Harry C. Stalker. and
<br />in behalf of HarrY' C, and patrici:a P. Stalker
<br />
<br />Patr:j.c:j.a P.
<br />Stalker
<br />
<br />also, . as such note or notes may from time to time be modified. renewed Or extended in writing.
<br />
<br />Intheev,entthe title t6saidreal estate is transferred, or contracted to be transferred, from the undersigned for any
<br />r~().n.Qr l:!yany Dlet~od whatsoever, the. entire priilcipal SUm and accrued interest shall at once become due and
<br />~)'al,l~att~~electionofthe holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />inolleil:l~tanc~shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />
<br />
<br />t. 'The'mo~t$llgOr covenl\nts and agrees ~fQllQws:
<br />
<br />a,To.Pl':OIllptJypay the indebtedness. evidenced by said promissory note at the times and in the manner
<br />t.h~ei~ proyiqed, .
<br />
<br />b.> To pay all taxes, assessments, water rates, and other governmental or municipal charges. fines, or
<br />imppsitiQns, for which provision has not been made hereinbefore, and will promptly deliver the official receipe,
<br />therefor to. the said mortgagee.
<br />
<br />e.. Tp pay such expemes and fees as may be incurred in the protection and maintenance of ",id propeny,
<br />illCludin& the fees of .any attorney employed by the mortgagee for the collection (,f anv or all of Ihc indebtedness
<br />ne:ret)y ,t\:Ufed~ Of fQi'edosure by m()rtgag~~:, sa_Ie. or court' procecding.s, or in any other litlgafkHi or pro.:ccdJflg
<br />affecting said pmpeny.
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