|
_....__
<br />M~~2TGAGE g~..•+i~ 01
<br />-' r This :noregage made and entered into this' 23rd day of April a
<br />it ]9__~._, by and behseen Joel C_ Hoffman and Sharon-L. Hoffman,.
<br />Husband and. Wife
<br />(hereinafier referred o as mortgagor) and Commercial National Bank and TrusYCompany
<br />(hereinafter referred to as
<br />mortgagee); who maintains an office and. place of business at 424 W Third street in Grand Island,-
<br />HaII County, Nebraska.
<br />WIT;•IESSEiFI, that for the consideration:hereinafter stated, raeipt of which is hereby acknowledged, the>mortgagor:
<br />does hereby mortgage, sell, grant,. assign, and convey unto the mortgagee, itssgaessors and assigns, all of the fol-
<br />lowing described property situated and being in the Gounry of Zuone
<br />State of Nebraska.'
<br />IAt Eleven. (11) and the Easterly 2. 5' of Lot Ten (10),
<br />Block Three (3), Fleasant View Seventh Subdivision,
<br />City of Grand Island, Hall County, Nebraska
<br />together with all the. tenements and appurtenances thereto belonging, all the rents, issuesand-profits thereof, and all
<br />easer[tents,'tights, royaities,.mineral, oiYand gas tights and: profits, water, water rights, and water'stock and including
<br />aq 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 thcptemises 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 security>for the indebtedness herein stated. (If none, state "none") None
<br />To have and to hold the samo-unto [he Mortgagee, as heteinprovided:'
<br />The mortgagoris Lawfully-seized and possessed of and has the right to ell and convey said. prnperty; 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.
<br />This instrument is given to secure the payment of a promissory note dated April 23. 1982
<br />in the principal sum of 5 .5.000.00 ,signed by Joel: C. ioftman-and Sharon L. Hoffman
<br />in behalf of themselves
<br />also, as such note or notes may ~TOm time: to time be modified, renewed. or extended n writing,
<br />In the evrnt the tide to said real estate is transferred, or contracted to be transferred, from the undersigned for arty
<br />reason or by any method whatsoever, the entire principal-sum and accrued. interest shall at once become-due and
<br />payable at the elation 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 ofthe tight;to exercise the ame in the event of any. subsequent ransfer.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. To promptly pay [he indebtedtess evidenced by said protnissory,note at the times-.and in the manner
<br />4 therein provided.
<br />(~ b. To pay ail taxes, assessments, water rates, and other-gaverninental or municipal charge, fines, ar
<br />impositions, for which provision has'not been-made hereinbefore, and wS[I promptly deliver the official receipts
<br />therefor to *he said mortgagee
<br />c. To pay such expenses and fees as may be incurred in the°protection and maintenance of said property,
<br />including the fees of anti attorney employed by the mortgagee far the collection of any or all of the indebtedness
<br />h~rcb} ccured, ar loreciostue by mortgagee'ssale; orcburt proweedings, i r in any other litigariC'n or proceeding
<br />affecting said pa-npzrry, `
<br />
|