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<br />82'"o a ~ ~ 4 2 Mt?RTGAGE
<br />This mortgage made and entered into this _I_st day of _ April _, ,
<br />19 8.. ' by and between Howell v. Old'nam and i,'arv A. Oldham, Husband and Wife
<br />(hereinafter referrtd to as mortgagor) and Commer©al National Bank and Trust Company
<br />.'(hereinafter refereed to as
<br />mortgagee), who maintains an office and place of business a[ 424" W. ~'hird street in Grand island,
<br />Hall County, Nebraska.
<br />WtiTE'SSEfH, that for the consideration h-reinafter stated,. receigt of which is hereby acknpwledged, the mortgagar
<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 Ball
<br />State of Nebraska.
<br />I,ot Fortg Five f4S), Ir. West Heights :Addition,.
<br />Aar Addition to the City of- Grand Island, Nebraska
<br />together with aU the tenements ansi appurtenances thereto be}onging, all the rents, issues. and profits thereof, .arid atl
<br />caserrrenis, t'i;itts, royatt}es, trtitteral. oil avid gas rights and profits, water, water rights, and water stock, and including
<br />all Mating, p)vrnbing, rcfrigeratan, lighting, equipment and afl ftxtvres of every description belonging to the
<br />mortgagor now ar herrafarr attached thereto or used in connection with the premises herein-described :and in addition
<br />thereto the following described groperties :which are and shall he detmed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedtms herein stated. (if none, state'`none") None
<br />To have and to hold the satne unto t-re Mortgagrc, as herein provided:
<br />The rmrngayor is iawfuity seized andptrsstsstd of and has the right to sell aad, convey said property, that the
<br />same is free from ail encumbrances except as heteirsatwve recited: and: that M9rtgagar covenants to warrant and
<br />defend the title aforesaid thrrrto and every part th+er~f against the claims of all persons whomsoever.
<br />This instrument is given to secure the rayracm of a prorrrissory note dated April 1, 1982
<br />in the principal sum of S 4.x61. ~,~ ,: signed by ~jowr313G.~0ldham and~:M.ary A. Oldham
<br />in behalf of t
<br />also, as such note or notes may from time to ume be modified, renewed cr extended: in writing.:.
<br />In the event the title to said real c~tate is transferred, or contracted to be transferred, front the undersigned for arty
<br />reason or by any method whatsoever, the entire principal sttm and accrued interest shall at once become due and
<br />payable at the election of the holder hern~f. Failu:c to exercise this option because of transfer of title as above stated
<br />to onciretance shai9 tsar constitute a waiver o£ the right to exenise the same in thecvenr of any subsequent transfer.
<br />1. ?'lee ~ co.enants and agrees as follows:
<br />a. Ta prompily ~y the inde'btt'ti[tc5s c~idenced by said promissory note at the times and in the mariner
<br />therein provided.
<br />b. To Ray alt taxes, atstssntents, water roles, and other tovcrnmental etc mnnicipat ~hatges, finkor
<br />irnpositiatts, for which protitiiian W,as rot bten rstade hercinbefore, and will promptly deliver ¢he ;?f£ici;,, reccipL4
<br />therefor ro the :aid mortgagee.
<br />E. To Pay such rxpestses and t'ecs ac may bt incurred in tt,c pea eti.ion arc: rnaanSmnance of told prtipcttq,
<br />iuc`t~tirtg then feCx at# anp attornt> rmtaoyr4 by the mortgagee for th;- cndtrc.inr of arty ur aSl of tax inde'vtedrec
<br />k~cr~bx aEeU ed nr (ru-e~:,osuvr by t»c±rtg.~~,cc'a: ,ale. _~;ur* proceed=ngn, ~u i;:. anti other Ist+~rtatt c'~r prrk.eeding
<br />3ItQ-t,nSf W,sS r;.itx~rt~'.
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