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~~-RTCsA~E
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<br />This mortgage made and en[ered irtta this 29th da, of _____n>:~ril
<br />14 82_, by and txtween -- -~
<br />Ger_e Kay Enterprises, Inc.
<br />[,hereitafter referred to as mongagor) and Commercial National Bank and Trust Company -
<br />(hereinafter referred to as
<br />mortgagx}, who maintains an office and place of busutess at 424 W. Third street in Grand Island,
<br />Hall County, Nebraska.
<br />WITUSSETH, that for the cattsideration hereinaftez• stated,receipt of which is hereby acknowledged, the:.mortgagor
<br />dots hereby mortgage, sell, grant, assign, and convey unto the tnangagec, its suct:essors and assigns. all'of the Fol-
<br />lowitig described property situated and being in the.County of xall
<br />Stott of Nebraska.
<br />'lfte Easterly Two Hundred Siicty: {260,) Feet of Lot Oise (1) ,
<br />in American Legion Ad$ition to tits City o° Gra,~d Island,
<br />Hall County, Nebraska
<br />together with all the tataaettts and appt~rtenancts thereto belonging, all the rents, issue' and profits thereof, and all
<br />aaaisents, rights, royatttes, tanetsl, of and gas righ[s and grafits, water, water rights, and water stock, and including
<br />all hatittE, plumbing, refrr~ratiort 4ightina, equipment an$ ail 'fixtures of every descriptian• .belonging to the
<br />mortgaEor now or heratter aitac`hwtd.thercto or used in connection+viihtbe premises herein described and in addition
<br />thereto the following described't~'opertits which are and shalt be deerntd to be fixturas and a Isart nE the really, and
<br />arc a portion of the security for the idebtedness herein stated. (!f none, stall "none`°} No. e
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />Tate ttsortaagor is lawfully seittd and possessed of and has the right ro self and ranvey said Droiserty; that the
<br />same is fro from ail ettcumbrances except u herrinabove rttited: and tha. Mortgagor covenants to'watrant anti
<br />defend the title aforesaid thereto and every pan thereof against the claims of ail persons whontscever.
<br />This inswmrnt u ttivrn to seatrc the paytnrnt c;f a promissory note dated iii 29, 1962
<br />in the prirtcipai sum of S "t75 nnet_oo _, signed by Larry C. Bocsen, Danny-D. Denman
<br />in behalf Of pna tray F'.ntp,~riceG Inc _
<br />also. as such rgtror noise stay from tittle to time be modified, renewed or attended in writing.
<br />In the evert the title to said real estate is transferred, or contracted to be transferred, from the undersigned far any;
<br />reaaort or by ~y ttteltlod whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. 1=a-slate to exercise this option because of transfer of zitih as above stated
<br />in one instarsoe shall ttot constitute a waiver o£ zhc : fight to exercise the same in the went of any subrrgnent transfer.
<br />1. 7!-e mortgagcx cavettants and agrees as follows.
<br />2 To prefDptty ply the tndebtedness tvidenesd by said pretnis.sary Wore at lets time<. znd in rite manner:
<br />ilitsrein praridhd.
<br />b_ To pay tl1 lazes, assessments. water rates. and other gavemmtnra! or nictnisipal charar,~. t;rea, nr
<br />impcrsitiox>;r, for xt ptoviston has ncn txrn made hereinbeforc, and wiL` promptly ,sliver the t,l(`i~~ialrtccii?ts
<br />thcrrfrx to the said rnongaaee.
<br />c_ ; o ~y 3uch e~a.pert3es erne iris as intt3 tee it~_urrc~! it3 Y!^e rt ,rrq, ~ ! rra, _ n:u,t:r. ~ ~ ~..i~i ; :ukat~ .
<br />irrf;.rding a}sr fens flf any at3ornry emp#oyec+. by r'~e rr.[~rtgaycx ety~ rF;e ~oilr_,'ti~sn of :enr ;~Y aU ct ;l,e iit+'ic rein<-~~
<br />arreYti ~Wc_~Fcc#. e>r icKn:~{r~ssrc h.; c;;ry; ~,~yce's',,,le. ::r Crr_~ t ,. ?:::[v e~~, >,r a> ~zn> ~~1~ ti -r,ig., ,~n ,,r r t,.,.~~a
<br />~Fn r.nu aia3 ;~r~.~;~t;~. _
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