|
_-.~~
<br />__
<br />iv~o~T~~GE
<br />
<br />This mortgage made and entered'intt> this 8th day of _ April
<br />19 $? _, by and'oetwecrt Allen E, Bachman and Helen M,, Bachmanf husband. and wife.
<br />(bereinafter referred to as mortgagor) and'Gommercial National Bank and Trust Company
<br />(hereinafter referred tows
<br />marfgagec), who maintains an office and place of business at c~a Woei- Th; .-~ street in Grand Island,
<br />HallCounty, 1Nebraslta.
<br />WtTtvESSETE#, 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 fo1-
<br />towing described property situated and being in the County of Hall
<br />Slate of7Vebraska:
<br />Lot Crrie (11.t Block. Two (2~t Capital Heights Subdivision Being a part of the. Southeast
<br />¢tiarter of the Southwest Quarter (SEtaSW;sl. of Section Twra C2L, Townsl;ip Eleven (Yll
<br />North., Range Ten (7-CIl West of ~he 6th P,M,, Hall County, Nebraska,
<br />together"with aU the tenements and appurtenancxs 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 water stock, and including
<br />ail heating, plumbing, refrigeration, 3ighiing, equipment and al9 fixtures of every description belonging !o the
<br />mongagar now or htreafter attached thutto 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 a part of the realty, and
<br />are a portion of the secttrity for the indebtedness herein stated. tlf none, state `"none")
<br />To have and tia hold the same unto the Mortgagee, as herein provided:
<br />y[.
<br />The' mortgagor is lawfully. stized and possessed of and has the right to sell and convey said properly; that. the
<br />sante`is free: from all encumbrances except as hereinabove recited; and that "vtortgagar covenants to warrant and
<br />defend the title aforesaid thereto and every- part thereof against the claims of all persons whomsaevec.
<br />This instrument is given to secure the payment of a promissory note dated Axs~s t 8, t 932 __
<br />in the principal sum of S l-~i Q~~. dn, ,signed by Al t ~ F x,fit~ ti-n ,a u a M .hmar.
<br />in behalf of Ailesn E 3achmdn.~nd Het~n °i n rhm ra
<br />also, as such.nate or notes may fs om time to time be modified, renewed or extended in writing
<br />In dre 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 skald at once become due and
<br />payable at the election of the holder hereof. Faiture io exercise this optioq because of transfer of title as above stated
<br />in one i nstance sha[l not constitute a waiver of the right to exercise the samern; the event of any subsequent transfer.
<br />The mortgagor covenants and agrees as follows:
<br />a. To prompziy fay the indebtedttE,xs evidttaced by said pomissary note at the times and. in the manner
<br />therein provided,
<br />b. To pay ail taxes, assessments, water rates, and: otfter governmental ar municipal charges, fines, or
<br />irnposrtiens, For which Cro~isiorz has nor been tnade hcr6inlxfore, and wftl promptly deliver the official receipts
<br />thc;efor to ~`c e~ici mort~gca
<br />c. 1~~~ p z ~~ch e~, c;nses and ferE as may be incurred is zhe prozectlon tnd maintc.nan+::.e ei' szd f?rupe..rzy~.
<br />irs~ludi+xg tht fees o; any iritornelr employed b7+ zhe mortgagee far the collcczion of :any ar all of tht indebtedness
<br />k~~r ~i sc..u+4 ! ~~rsetlc?sure by marzgagee's sale, nr tuner proseetings, or in anti ozhci '.t+~:t[irir, cir proi:ccdirtc
<br />~i~rc..,,r:~,a;J rtr~~~erzy.
<br />
|