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<br />This mortgage made and entered into this ~_ _ day of __Apri7. _ <br />19___82_, by and between rJouglas E. Harrington and Jclyne IC. Harrington, i <br />husband and wife, [, <br />(hereinafter referred to as mortgagor) and Commercial Natona! Bank and. Trust Company <br />(hereinafter referred to as <br />mortgagor), who maintains an office and place of business at 424 West Third street in Grand Island, <br />HaII County, Nebraska, <br />WtTTtESSETH, that for the considtration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor <br />does htneby taortgage, sell, grant, assign, and convey unto the mortgagee, its successors and assigns, ail of the fol- <br />lowing dtscribed property situated and bring in the County of <br />State of Nebraska. <br />South one half (S~} of the Northeast Quarter (NE<) of <br />Section Eight (8), Township Twelve (k2} North, Range <br />Nine (9} West of the 5t,'a P,M., Fia1l County, Nebraska <br />(Excepting thezefrom the Easterly Thirty Nine and <br />One Tenth (39.1} Feet. <br />to~etlter with all the tenements and appttnenattces thereto belonging, all the rents, issues and prp~Ls r,hereof, and a}t <br />eatrernents, ritlt[s, royalties. mineral. oil and gas rights'aad profits. water, water rigb^s, and water stock, andinc}udng <br />all hdtirtt;, plumbing, rcfrit;mtion, lighting, et;uiprttcnt and all futures of every description befpnging zo the <br />toortsaEor now or hereafter attached thereto pr used in connection N ith the premier hertin described and in addition <br />thereto the following described properties which are and shall Ix deemed to bt futures and a part of the ~ea{ty, and <br />are a portion of the security for the itedebtedrtess httein stated. ilf none, start "vane"} <br />To here std to hoW the same unto the IHongaser, as herrin provided: <br />The ttt~ortgagor is lawfully seized and possessed of and has the right to sell and ccnvcy said properly, that the <br />same is free frrnn all encumbrances except as htteitubove rcrited; and that 'mortgagor covenants to warrant and <br />defend ttfe tick aforesaid thereto and every part thereof against the claims of all prrsons whomsoever. <br />This instrument is given so Se+CUre the payment of a promissory note dated _ Aoril_ ? 5 , 1982 _ <br />in the princap~I sum of S 226 , 723 89 _ ,signed by ~ 8 & Harrington & 3oiy'ne K. <br />in behalf of _ themselves: _~_ __ Harring..~n <br />also, as such Dote or ttoxs tray from time to time he modified, renewed or erttended''tn writing. <br />In the event the titk to said rest estate is rraasferred, pr conttacted to he iraasftrred, fromtht undersigned for any <br />reaWn or by any nxthod whatsoevtt, the entire principal sum sad scented intttrst shat} at ona become due and <br />pryatsk at the ckRi~et of the holder hereof, Fai}ure to excrc;se this option becatsse pf trartsfer of titlt as shove stated <br />rtt one tnstattce shall not constitute a waiver of the right :o ctcrcise the taste in the trent of any subzequent ;ransfct. <br />I. The mortgagor covertauts and. agrees as foiipws <br />a. To L~s+mPdy icy tht istdebtedrtess n~dcrced by said promissory note at tha tirnc{ and in ;he manner <br />therein. prr+vitfed. <br />T? ply a8 taYCS. a;a,~=""rs. 'rater :arc:, awd other ecve3ron~etttaE nr ~aanicJ ai . ~ <br />imDaSzfinft5, fee a+hichprvvision 4ns ni3t been ;rode hetcirtbefore. and wai; pr~~mptiy :;els~ci tt~~~l to reI i.t~~.~tur <br />;hcrofor tp thr• ±aid m:xtgagtr. <br />c, Tr^. filly ~ncix rsge^s~~ ansf fern ;zs zrsay he irrtarrec+ i;t 'se Df0!YCta7o s;t;: .a;ntrntn~.c :. ,'9ic~. t~~r,,,+~.~,t, <br />int~ridrrag s~ fees o9 anv atwrratw cnsp!c»°ed by the ~,;t a ee 'or rata calte;tmn nt v.~: , <br />}~~, exs'Y^+i r ?urea ~wsrr fit. «7x:rt~a~c°'- tale: ~ .c„~rt p :r~en:eR~s , ~ ~~ <br />u : ~ , t~~€ I. ~. tt~on ~r-e:. <br />