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<br />'C#fis>ntortgagr madb arnd entered ntuthis .11th day of February
<br />t9_,, hyandbetween Lynos S. Rerucha and &haron L~ Rerucha,
<br />Ausbaixd and Wife
<br />(hereinafter referred to as mortgagor) and-Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />martgttgee), who maintains an office and place of business at 424 W. Third street in Grand Island,
<br />Halt-County, Nebraska.
<br />WtssETx, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does ttoreby° mortgage, sell, grant, assign, and convey unto the mortgagce, 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 />Lot One (1), Engelhaupt Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska
<br />together with all' rho tenemrnts and appurtenances thereto belonging, a]! the rents, issues arni profits thereof, and atl
<br />easemotats, rglets, royalties, mineral, ail and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeratio», fighting, equipment and all fixtures of every description belonging to the
<br />mortgagor few or-hereafter attached thereto or used in connection with the premises herein described and in additton
<br />thereto the €o`lowing described properties which are and shalt be deemed to be fixtures and a part of the realty, and
<br />are a portion ~f the security for the indebtodttcss herei» slated. {if none, state "none") None
<br />To-have attd to hold the same onto the Mortgagee, as herein provided:
<br />2'ho mortgagor is lawfully seized and possessed of and has the right to self and convey said property; that the
<br />same, is free from a[1 encumbrances ex~°ot 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 />This instrerment is given to secure the payment of a promissory note dated February 11, 1982
<br />in the principal sum of $ .IlO, 000.00 ,signed by L nos 3. Rerucha and Sharon L.
<br />in<behalf-af rhP,~~PtuPG Reruc a
<br />also as such note or-notes:utay from :limo. to time be modified, renewed or extended in writing.
<br />In the event-the ride to said. real estate is transferred, or contracted to be [raanferred, from the undersigned for any
<br />reason or by-any method whatsoever, the entire principal sum and accreted interest shall at once become duo and
<br />payahie at the elec€ion of the holder :hereof. Failure to exercise this option becatcse of transfer of title as above stated
<br />in one ins'artce shah not constitute a waiver a€ the right to exercise the sarne in the evrnt of any subsequent transfer"
<br />1. The rortgagor covenants 8nd agrees as follows;
<br />a. Ta promptly pay t:to indelazerlness evidenced by said promissory note at the times and in the manner
<br />therein provided"
<br />- h. 3o pay all taxes, ass~srtyepts, water-rates, surd other gavernnuntal or municipal charges, fines, or
<br />impesitiarrs, !at whicix procistott #sas not 6ee» matte horeinbeforo, and vrill promptly deliver the official receipts
<br />;here~Qt to 'hr_.aid rzas:rrgagee.
<br />Tc) .a~ .u.h ex~ses!scs and fees ds ~!uy be ineurrexi in the prole=.tian and naaince wince c?t aaid p~oyxxty,
<br />incs;3alrrg tnc ~,,~", ~,; a; ~•:art,~:rrrey employed by clto mortgagee for the collectiatn ai' ;env ar all at Sfrc indebtec4nesa
<br />f -:~ct7) c.,•.~nr<:;, l?: t ~s .;t`vitrra tJy #IVf tF,N_ _ .:•siC. 13C eCpa7.?t. ptCxsredsntx.~, {?c Kl 8nY ix{}lEK SFt ~`itlL~C) l! j"rCK'l'Y`.u ittg
<br />a1~.c~~ a~~ ,_.~~+ ! _ . .
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