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32-= ~~~~~~ ~4~~ MQ~ZTG~GE
<br />18th Avaust.
<br />This mortgage madeand entered into this ____._.____ day of _____=_ __ _
<br />!4 8c_..byand betwern_ Ellis Do>zthit Jr_, and Sla May Douthit, husband and wile,
<br />joint tenants with rights of survivorship,
<br />(hereinafter referred to as mortgagor) and Commercial ;vatienal Aank and Trust Company
<br />('hereinafter referred to as
<br />mortgages), who maintains an office and Rlace of business at _ 424 west 3rd _ street in Grand Island,
<br />Hall County, Nebraska.
<br />WtTDtF_S'SETH, that for the cansidmtionhrreinafter stated, rtccipt of which is hereby acknawledged, the mortgagor
<br />does hereby mongage, self, grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />:owing described property situated and being in the Couruy of Hall
<br />State of tebraska.
<br />Lots ~e (i) and 'lti+o (2), 91ock Frrty-Six (46), Wastcer's Third Addition
<br />to the City of Grand island, Hali Cow^,ty, Piebraska;
<br />togdher with alt the tcnemrnu and appurirnanccs thertto bdougirss, ai! [he taus, issue; and profits thertaf. and a8
<br />eestrrttnts, rijhts, royalties, mineral, oil and yes rights and prafiLs, water, water rights. and water stock, and including
<br />all heatir~, plumbing, refriEcration, lighting, equipment and atl ftst>:res of evm~ description belonging ro the
<br />ttxxtga=or now ar hereafter attached thereto or accts in connntiorz with the prrmi~scs hcrrin dtscribrd and in addition
<br />thgeto the foflowi~ deuribed pr~~perties w'taih art and shelf °.+c dremed to be fi.cttrres and a parr of the realty, and
<br />are a portion of the sccuntY for the indebtedness heron silted. (lf nerve, start "none") r3one
<br />Ta have anti to hold ihr carne :into the Monga;ee, as herein provided:
<br />The mort~or is lawfully sdzrd and posxsxd of ~ has the r~ht to sdl and convey said properly; that iBe
<br />cant is free from alt encumbtan:es wept as hereinabovc sited; aml that Mortgagor Covenants to warrant and
<br />defend the ride aforesaid thereto and ever. start thereof against the claitcs of all persons whvntsoever,
<br />This instrumtat is gi~ea to secure thr i+aymemr of a promissory note da[cd _ August 18, 1982
<br />in the ptittcipal SUm.t?f Sz?,513.56 ~ .i~~ by Ellis Douthit, Jr _ Il~~p~y
<br />-Hvot-}t t--
<br />ia behaff of _~. ~ rltetarseT^vea
<br />assn, arsach note or notes tray from time to time be mo~liFied, rene.ved or rxtrnded ir, writing.
<br />in the event rho ritk to said reef esiett is transferred, ar rontraned to be transferred, r"tom the undersigned for any
<br />mason ar bY_an~.matbod whatsoever. the enure pritfcipal wm and accrued interest shall a<_ once became due and
<br />payable at the t3eaion of Fite holder hereof. Failure to exercise this option because of transfer of uric ::s above ;rated l
<br />in one instantt Shall trot z'onstitutc a waiver of iht rigftt t0 exercise the same in the event of any subsequent [ransfer,
<br />l_ Tilw mort~or coticnants and agr~ as follows
<br />A. Ta )?ss>lt[ptiv pity tltt indebtedness evidenced by wid pr-0missery note at the rimes and in the n[anr;et
<br />!}lttiitt praa7dtQ.
<br />h. To ~}' ail butts, ass~mrnts_ aster rmtec, and other rovernmee:al or r a,~<;;i,.a~ ~, ,t c„ ire;, ~_~r
<br />tlitp¢siL'iBrilL Itur whic,4 pras`isiorr hag not bean made teczxinheftxd, a:.~-s.+ w h p t~tr;~ tr dtii,~;rr ~ ~ ~~fiic~a - ~,_{n,:
<br />:htrtfn, as thr said nTartgatec.
<br />i-. Ta $say w3ch rxp~rt~t~. artd :etc as na; ?sc iatC'urrtd ,rt :ire prarcr;.%r: str:f •;~:yi n:t~r;~~+.~. ,. ..;;;? i~~r:~-
<br />uss}st~st;,~g tote T.~a s~f retay" ati?rrkt} ernp;os;.d t~~ riTe mt)rtgag~ tr ~ ;hr t~c,.e. - v., or no ~ r ,lit ,.,~ ,c ~ t _.~:, 5~.
<br />xi.'as tstg e.axd ~ t?;
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