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. M~l~TGAGE
<br />8~-- uU~22~
<br />This mortgage made and entered into this _ 2nd day of ___ June _ _ ,
<br />t4 82 , byand between Fzcntier Properties Corp.
<br />(hereinafter referred to as morggagor) and Commercial National Bank and Tntst Company
<br />mortgagee), who maintains art office and place of business at
<br />Hali County, Nebraska.
<br />424 W. Thira
<br />(hereinafter referzed to as
<br />. street in Grand Island,
<br />F/(TNESSETH, 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 fol-
<br />lowing destsibed propetty situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot Fourteen (i4), Kallos Subdivision, Grand Islan3, Hall
<br />County, Neb.-sska
<br />together with all the tettements ar-d appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easatteats, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and all Cixtures of every description belonging to the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br />there[o the Cnlbwing described properties which are and s'tali 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 attd to hold the same ua[o she Mortgagee, as herein provided:
<br />The mortgagcx is lawfully seized and posstsaed of acrd has the right to sell and convey said property; that the
<br />same is free from all ertcumbrattces except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defad the tick aforesaid thereto and every pact thereof against the claims of alI persons whomsoever.
<br />This instrument is given to secure [ht payment of a promissory note dated June 2, 1982 __
<br />sn the principal sum of S a~ 000.0!) ,signed by txnald H. Kruse and Gerald G.
<br />---
<br />in behalf of Frontier Properties Corp. rmoney
<br />aiw, as such note or notes +,tay from time to time be modified, renewed or extended in writing.
<br />[n the event the title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reason or by any rrxthod whatsoever, the entire principal sum and accrued interest shall at ante become due and
<br />payable at the election 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 of the right w exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. To pretnptly pay the indebtedness evidenced by said nromissory no[c at the times and in the manner
<br />therein prtmdcd.
<br />b. Ta pay ali taxes, assessments, water rates, and other gowernmerrtal or munidpai charees, i~nzs. .
<br />impositions, for whicb provision has net been made hereintiefore, aced ~~!! ~ tomptly deiiver the official rr.eip~t~,
<br />ttterrfar to ehe :aid mortgagee
<br />7o pay =uch enpeaxs and fees as may Lie ~i¢~u:ae;: in the g:rtectic~r, =gad ~uaint~~na~•._ z` s:~id ~:al~~c; i~
<br />including s;u fees of any a[tontcy emptoq~. b}' ttta ;rtortgaget fc ~ SF.e c~.,~Sc;.t'i •,~ any c all ~n= to u~:i,_h cd,rrzs.
<br />;a r_iey cured, ... `arecio,vrr he :rtortgagtc'; •<a,_, 3, a>~.. P~O,e+; ciin~,, e, ;p . s~ .+: n, >~,s~ta~ i ,~{ ;*i S'cre~lila
<br />s=tcctirg sand ,~rcpe~~F.
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