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<br />MORTGAGE
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<br />83-
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<br />00544'4
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<br />r
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<br />This mortgage made and entered into this 3r d day of Dc t 0 hf>r
<br />192L,byandbetween Scott & Cheryl Drage
<br />
<br />(hereinafter referred to as mortgagor) and Northwest National Bank
<br />
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at 2008 Nor t h Wp h h R rl street in Grand Island,
<br />Hall County, Nebraska.
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<br />WtTNESSETH, 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 ofthefol-
<br />lowing described property situated and being in the County of
<br />State of Nebraska.
<br />
<br />Lot Eighteen (18) in Argo Fourth Subdivsion,
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<br />in the village of AIda, 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 w"ter 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 " 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 />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 Dc to ber 3, 1983 ._._
<br />in the princIpal sum 01'$ 13,000.00 . signed by Scott & Cheryl D!:.!US~~~
<br />in behalf of Scott & Chpryl l)r~~p
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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 to be transferred, from the undersigned for any
<br />reason or by any method whatsoever, 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 />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 />I. The mortgagorcovenanlS and agrees as follows:
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<br />a. To promptly pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />therein provided.
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<br />b. To pay all taxes, assessments, water rates. and other governmental or municipal charges, fines, or
<br />impositioO$. for which .provision has not been made hereinbefore. and will proinptly deliver rhe official reccipb
<br />(he,ef,), to the said mortgagee.
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<br />-c, To pay ~u.ch expenses and fees 3> may be in~urn"d in the prote.,:tion and maimen3n....c ~)f said prop~it~'.
<br />induding the r",,~ of allY anorney employed by the mortgagee for the coll""t;on of any or .11 of the indebted"."
<br />hereby <,:c.....ured. Of foredo~uIe hy m-(Jrtgag.ce'~ ~alc. 0; i.:oun pro(l,:cdin,!;>.. ..';f' 111 ;W} other liligat!oJl C'i PI,)\'t:o::...fm~
<br />aft'cl.:tin.g ~~aHl propen)..
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<br />JoiWt,;(Jt
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