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<br />I
<br />
<br />MORTGAGE
<br />
<br />83-604272
<br />
<br />...i
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<br />This mortgage made and entered into this _18th __ day of
<br />19~, by and between V. B. R., Inc.
<br />
<br />July
<br />
<br />(hereinafter referred to as mortgagor) and Commercial N'ational Bank and Trust Company
<br />
<br />L-'
<br />
<br />(hereinafter referred to as
<br />street in Grand Island,
<br />
<br />mortgagee), who maintains an office and place of business at
<br />Hall County, Nebraska.
<br />
<br />424 West 3rd
<br />
<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.
<br />
<br />Lots Ten (10), Eleven (11) and Twelve (12), Block Three (3),
<br />Brown's Addition to the Village of A1da, Hall County, Nebraska
<br />
<br />and
<br />
<br />Lot Two (2) in Block Fourteen (14) in Wa11ichs Addition to
<br />the City of Grand Island, Hall County, Nebraska
<br />
<br />together with all the tenements and appunenan.:es t hen:lll belonging. all the rents. i"ues and profits thereof, and all
<br />easements, rights, royalties, mineral, oil and gas flghts and proHl';. water, water rights, and water slOck, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and all fixtures of every de.cription belonging 10 the
<br />mortgagor now or hereafter atta.:ht'd thereto "I' used in .:"nne,tion wilh the prembes hi.'fcin des.:rihed and in addition
<br />thereto the following desaihed properties whi,h arc and ,hall he deemed to be fixtures and a part of the really, and
<br />are a portion of the security for the indebtedness herein q,lted. (If none, state "none")
<br />
<br />To have and to hold the same unto the Mortgaj!ee, ,h herein prOVIded:
<br />
<br />The mortgagor is lawfully seiled and possesscd of and ha, the right to ,ell and convey said property: that the
<br />same is free from all encumbrances except as hereinabove rc.:ited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thereof against the claims of all persons whomsuever.
<br />
<br />This instrument is given to secure the payment of a promissory note dated,. ,.[t,l.~ 1.8, .~ 9 ~},__,
<br />in the principal sum of $ 2{)4. 062.88 .,..___..._.'.n__. signed hy ~E:!~_2.~_C:~_~5>:!, ~I~<:I
<br />in behalf of .~.l?~!l_.~_:r_!l~..: U'n'" _..._..______..__
<br />
<br />Ronard L.
<br />..von-Behren
<br />
<br />~, as such note or notes may from time to time be modified. renewed or extended in writing.
<br />
<br />In the event rhe ritle to said real estate is transferred, or ,ontracred to be transferred, from the undersigned lor any
<br />feasQl1..ot by any method whatsoever, rhe entire principal sum and accrued interest shall at once be.:ome due and
<br />payable at tile election of the holder hereof. Failure to exercise this option be.:ause of transfer of title as above stated
<br />in .one instance shall not ~'Onstitute a waiver of the right to exercise the samc in the event of any subsequent transfer.
<br />
<br />I, The mortp&or covenants and agrees as follows:
<br />
<br />a.To proll'lPtly pay the indebtedness evidenced by said promissory uote at the times and in the manner
<br />therein ~vidfi(i
<br />
<br />l
<br />
<br />b, ToPllY all taxes, as.o;essmellH, wattT rates, and other governmental or municipal ,hargt''', fill<'S, '"
<br />irnj;K)$ill~, fot which pmvisioll has not b(en made hereinbefore, and will promptly deliver the dt'idal reeei;,!.'
<br />therefor to Ihesaid mortgagee,
<br />
<br />c. To pay .neh !!xp.::ns(l> arid fee>c as may be incurred ill the protc.:lioll and ll1aim~mll\(<: "f ,md {'mlx-'n, ,
<br />jnt'bldi~ lhf f<<,> of llny llll()fl't~' emplDyed by' rbe mOr!!irlllCC for the ,nlk,titm "I' any <)f ;;11 or (he imit-bled,l"',
<br />h~by ....e"urcd. Of ({ltt~~h-b-u1'e hy lHAJn.gaget<"1" ~ale.. or coun t"l-Hw.:t"eding',;. (H i,n an:, t'lh-Cf Inq'~iHIPn >.H !"t\lI..'t't-dHi1',
<br />affeClllljl. saki f'I'of,,,ny.
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