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<br />MORTGAGE ~2---ut253~
<br />This mortgage made and entered into this, 'nth day of June
<br />19 82 ,by and between xerbert xoch and`He1en Kocht husband and wife
<br />(hereinafter referred to as mortgagor) and Commercial National Bank. and Trust Company
<br />(hereinafter referred to as.
<br />mortgagee), who maintains an office and place of business at 424 West Third sireet'in Grand Is{aztd,
<br />Hall County, Nebraska.
<br />WITNESSETH, that for the consideration hereinafter stated;. eeceipt 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 described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Southwest Quarter (Sw~tl Section Fourteen C14~F North Half Southeast Quarter (N~SE~aZ
<br />and tract described as follows: Corimtencing; at the Southeast Cornea- of the NESS; run-
<br />ning thence in a northerly direction for a distance_pf 13,5: rods] thence in a westezly
<br />direction for a distance of 16Q rods, hence in a southerly direction fo a distance
<br />of 14.5 rods, tCience along the:soutfi ine of said NEB in an easterly direction•`for a
<br />distance of 160 rods to the place of beginning and containing 19 acres, more or less,
<br />Section 23, all in 12N 30 west of the'6ta P,M.
<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 />all heating, plumbing;. refrigeration, lighting,. equipment. and all fixtures of every description- belonging to tree
<br />mortgagor now or hereafter'attached thereto or used in connection with [he premises herein described and in"addition
<br />thereto. the following described properties which are and shat( be deetned to be fixtures and a part of the :realty, and
<br />are a portion of the security for the indebtedness herein stated. (I! none, state "none")
<br />To have and to hold the same unto the Ivfongagee, as herein providedi
<br />The mortgagor is lawfully seized and possessed of and has the right to sell`and convey said property; chat the
<br />same is free from all encumbrances except as hereinabove recited; and that;Mortgagor covenants to warrant and
<br />defend [he 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 11,..1982
<br />in the principal sum of 5 225,000 stgned by HerhPrr xnc~h ar,rt uPi~ x ~c'~
<br />in behalf of Herbert Koch and Helen Koch
<br />also, as such note or notes may from time to pme.be modified, renewed.or extended in writing.
<br />In the event [he title to said real estate is transferred, or contracted to; be transferred, from the undersigned for any
<br />reason or by any method whatsoever, the entire prineipal'sum and accrued,imerest shall at once 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 to exercise the ame in the event of any subsequent transfer.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. To promptly pay the indeb[edne~ evidenced by said prpmissory n6te ai the times arid in the manner
<br />therein provided.
<br />b. To pay alt taxes, assessments, water rates, and othee governmen-al of municipal charges, fines, or
<br />irnposition_s, for which provision bic not been made hereinbefvre, and will p;omprly deliver the official receipts
<br />therefor to tF,e said mortgag~te.
<br />c. To pay suite exr~enses and fefs as may be rncurred in the protectionand n[antenance of saidpropatty.
<br />rncluding the fees of any attorney employed by ttre mortgagee for. the collection of airy ar ull of the ndcMtedncss
<br />~erebp seCUrzd, or tur~closdre by mortgal,cc's Talc, qr ~gttrt fsrcx;ecdirga, cirirt aray~ uthei Jttteatit>n orpraccedinp}
<br />at['~[ing said property.
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