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<br />MORTGAGE
<br />
<br />83_ 0[16670
<br />
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<br />This mortgage Itlllde and enrered intO' this 20th day af December
<br />19.:.JU-,byandbetweell Dennis C, & Debra S, Alexander, Husband & Wife,
<br />(hereinafterreferredto<1l5 mottgagor) and Narthwest National BlInk
<br />
<br />mortg.); who maintains an office and place of business at 200R N
<br />Hall County,Nebraska.
<br />
<br />(hereinafttrrefetn!dto as .
<br />W p h h R "" rl street in Giand1Sllfud;
<br />
<br />
<br />WITNl!SsErfl, that far the consideration hereinafter stated. receipt of which is herebyacknowledged.the'll1ortg~g()r
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgag~, its successors. and . assigns, all onne.fol-
<br />lawing described prapertysituated and being in the Caunty of
<br />State O'f Nebraska.
<br />
<br />Lot Eleven (11) in Block One (1), in Colonial Estates
<br />Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska
<br />
<br />together with all the tenements and appurtenances thereto belanging, all the rents, issues and profits thereaf, 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, refrigeratian, lighting, equipmenl and aU fixtures of every description belonging to the
<br />mortgagor now or hereafter auached theretO' or used in connection with the premises herein described and in additian
<br />therrto the following described properties which are and shall be deemed to be fixtures and a pan of the realty, and
<br />are a portion af the security for the indebtedness herein slaled. (If none. state "none")
<br />
<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 seli and convey said property; that Ihe
<br />same is free from all encumbrances except as hereinabove recited; and that MO'rtgagO'r covenants to' warrant and
<br />defend the title aforesaid IheretO' and every pan I hereaf against. lhe claims af aU persons whomsoever.
<br />
<br />This instrument is given to secure the payment of a prO'missory note dated December 20, 1983
<br />in the principal sum ofS 12,000.00 ,signedby D..oo;q r. R. n..hrR S ~nder
<br />inbebalfof themselves Hnqh"nrl R. ,Ii f...
<br />
<br />also, as such note or notes may from time to time be modified. renewed ar extended in writing.
<br />
<br />lntbe event the title to said real estate is transferred. ar contracted to' be transferred, fram the undersigned for any
<br />r_or by any method whatsoever. the entire prin~-ipal sum and accrued interest shall at ance become due and
<br />~ at the elcotion of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in.~imtanc;c~.1IQt J:onstitute a waiver of the right to exercise the same in the event af any subsequent transfer.
<br />
<br />I, Tllll_.....,.. covenants and agrees as follows:
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<br />a..Toprolnptty pay I.he indebtlldness evidenced by said promissO'ty note at the times and in the manner
<br />~~.
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<br />b.Ta "" all_-. __!s. wate!' rates, and other governmental or municipal charges, flnes. or
<br />i~joll5i for whIdJ pnwisil:ll1 bas not been made hereinbefore, and will promptly deliver the afl1clal receipts
<br />thereofor to lhemdmort~
<br />
<br />c. T'O PItY svdl eJl~and fees as may be. incurred in the prou:cuan and maintenance 01 said properly.
<br />ltIIlhldilltWfeetof atty auorneyemployed by the mortll1IJ,ee for the collection of any or alt 01 the indebledness
<br />~y _red. or 1<<"",kIIlure by mOftW<<'s we, '" court pr.....'Ceding.. or in any nlh", hh~lItion ,'I' Ilr('Ceedil\~
<br />_Uorottg Wd Pl'Ollt'fty.
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