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MORTGAGE 82`"'~t}C~2s33
<br />'T'his mortgage made and entered into this ___ '2nd _ da}' of _ June _ ___,
<br />l9 $? .> by and between ^tichael R. McCue and Susan J. McCue, Husband and Wife
<br />(hereinafter referredto as mortgagor) and Commercial National Bank and TrusC Company
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at 424 W. Third street in Grand Island,
<br />Hall County, Nebraska.
<br />WtTNESSETH, that for [he consideration hereinafter stated, receipt of which ishereby 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 described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lots Three !3) and Four (4) in FractioriaT Block Six (6),
<br />Ashton Place, in the City o£ Grand Island, Hall County,
<br />Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all the rents,_issues and profits thereof, and all
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water. water rights, and water stock, and including
<br />ail heating, plumbing, ;refrigeration, lighting, equipment and all fixtures of`every description belonging to the
<br />mortgagor now or hereafter attached thereto or used 4h connection with'the premises 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 indtbtedness herein stated. (If notit, slate "none") ! None
<br />To have and to hold the same unto-the Mortgagee, as herein provided:
<br />The mortgagor is lawfully seized and possessed of and has the right to sell and convey said property; 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 _ June 22, 1982 __ __
<br />in the principal sum of $ 44, 000.00 ,signed by Pticitael R. McC1ae and Susart_ J. ^SCCue
<br />in behalf of themselves
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />In the event the tide to said real estate is transferred, or contracted to be transferred, from the undersigned fofany
<br />reason or b> any method whatsoever, the entire principal sum and accrued incerest shall at once become due;and
<br />payable at the decuon of the holder hereof. Failure to exercise this option because of transfer of title as above staled
<br />in one instance shalt not constitute a waiver of the right to exercise the same in the event of any suhsequent transfer,'
<br />I. The mortgagor covenants and agrees as follows:
<br />a_ Tq promptly pay the indebredncss evidenced by said promissory note at the times and in the matmer-
<br />thereinprovided.
<br />b. To pay elf [axes, assessments, water rates, and other overnmental or municrpal ~I»tges,fines, or -
<br />impositions, for which provision. has not been made hercinbeforc, and will prrmptly dcliver'thz official receipts
<br />therefor to the said mortgagee.
<br />c. To pay such ~xpensesandrfees as roay bc' incurred in the protcetionand maznZenaacebf satd t}soperty;
<br />including the fees of any attorneyemptoyed by the mortgagee for ti,e cofilecfion of am, c+a air of the indebtedness
<br />hereby secured, or Foreelosore by mortgagee's sale, or court lrt~s~edings. or in mr -.~riu: L ,a:tiit r~r pn>E`rcuin~
<br />af3cct;ng said pcoprrty,,
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