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<br />MORTGAGE 82_ t~(~2~41
<br />This mortgage made and entered into this 2nd__ day of __J~an~_<.___
<br />19._4_, by and between gflnald Spiehs and Jean Ann Spiehs, husband and wife
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagor), who maintains an offcc and place of business at 92~;_Third street in Grand Island,
<br />Half County, Nebraska.
<br />WITNF.SSETH, that for the consideration hcreinafttt stated, receipt of which is hereby acknowledged, the mortgagor
<br />does hereby tnortgagt, sell, grant, assign, and convey unto the mongagee, its successors and assigns, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />Sta[c of Nebraska.
<br />North Half of the Northeast Quazter (N}1`and the Southwest Quarter of the Northeast
<br />Quarter (SW}Ng}j and the Northeast Quarter of the tv'orthwest Quarter (NE}NW}), in Sec-
<br />tion Nineteen (191, Township Ten (10}, North, Range Ten (10), West of the 6th P.M., ir,
<br />Hall County, NebrasP,a, excludi7g a tract heretofore:otmed by School District No. 6 in
<br />the Northeast Corner of said premises - the premises;bereby being sold containing
<br />158.5 acres, more or less, subject to public roads, and tights-of-way and easements of
<br />record.
<br />together with all the ierremenu aad;appurtenances thereto belonsing, all the rents, issw's and profits thereof, and all
<br />easemenu, rights, royalties, mineral, oil and,gas rights arrd profits, water, weer rights, and'watcr stock, and including
<br />all heating, Plumbing, refrigeration, lighting, equipment and all fixtures of every description belonging to the
<br />mongagor now or hereaftsr attached thereto: or used in contraction with the prrmiscs hereindesctibed'and in addition
<br />thereto the following described properties which arc and shall be daemed W be fixtures and a part of the realty, and
<br />are a ponio^ of the security for the indebtedness htnein statue. (If none, state"none"1
<br />To have and to hold the same unto the Mortgagee, u herein provided
<br />The mortgagor u lawfully seized and porsessed of and has she right to sell and convey said property; that the
<br />same is free from all enctrmbrancess except u hercinabove recited; and that A1or[gagor coverams to warrant ar.d
<br />defend the titk aforesaid thereto and every part thereof against [hc chims of aU'persons whomsoever.
<br />This instrurtrent is given to secure the payment of a promissory note dated Jture 2 . I982 ,
<br />in the principal sum of S 240, 000, 04 --
<br />signzd by Rorrald Spiehs aid Jean. An~yehs
<br />in behalf of Ronald Spiehs and Jean Ann Spiehs
<br />also, as such note or notes may from time to time be tnodiGed, renewed or attended in writing.
<br />in the event the titk to said rtal estate is transfttted, of contracted to be transferred, from tht understgncd for anv
<br />reason or by aay method whatsoever, the emire principal sum and accrued interest shai9 at once become drie and
<br />payable at the election or the holder hereof. Failure to exercise this option because of transfer of title: as above stated
<br />in one iostanct shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covenants and agrers as follows:
<br />a. To promptly pay the itrdcbtedness evidcnce+d by said promissory note at the times and''tn the tnanncr
<br />timein provided.
<br />b. To pay all takes, assersmenrs, water rates. and trt}m governmental ~r municipal char&es, fines, or
<br />impasi.tions. for whicts provision has Rnt been made hereinbtfare, and wa! pro•npela deriver the official receipts
<br />therefor to thr sail! :nortlWgtt.
<br />C. Tr tY+IY SiKh Ct*~?PP,tY'S aRwt t^eti dS may ht iRN rreU to tFEe ptQrtCtl 7.:.lnd malntenani"P -rf iatd t+ ~~t'erfl.
<br />in~iu-ting ?hc fcr• Gf ans at?arnr_y ernl+Ioycd ty th; rn:xtgag~ for the ~alle;ion of atlyor alt'of tht ind~hlc<inc:~
<br />i+rrch. ,r"~Jred :,~r frrorc ,~.u;c t,; murtga~ee ~ ,al.~. err ct,~;rt procce'di7a . •,t =n any ot3tyr ltttuarrtyn ,. ~ pr.~._':~i~n;
<br />;~rCd Ltg ~rrl p!4)~CZ3V,
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