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MORTGAGE
<br />~2-~ r~t?~~~~
<br />This mortgage made and entered into this 8th day of September __,
<br />19.. 82 , by and between' MAROB, Inc. , A Nebraska Corporation
<br />(hereinafterreferred ro as mongagor) and Commercial National Aank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at _924 West 3rd street in Grand [stand,
<br />Hall County, Nebraska.
<br />WtTVeSSeTH, that for the consideration. hereinafter stated, receipt of which is hereby acknow]edgFa, the mortgagor
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, i[s 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 Nine (9), Ten (10), Eleven (11), and Twelve (12), Nottinghart
<br />Estates Subdivision, in the City of Grand Island, Nebraska
<br />together with all the tenements and appurtenances therero belonging, altxhe-Ygttts. issues and profits thereof, and all
<br />easements, rights, royalties, mineral, oiLand gas rights and profits, water, water rights, and-water stock, and including
<br />all heating, plumbing, refrigetation, lighting, equipmem and all fixtures of every description belonging to the
<br />mortgagor now orheresfter attached thereto or used in connection with the premises herein described aad in addition
<br />therero the following. described properties which are and shall be deemed to ba futures and a part of the realty, and
<br />are a portion of the security for the indebtedness horein stated. (If none, state "none") None
<br />To have and to !told the same unto the Mortgagee, as herein provided
<br />The mortgagor is lawfully seized and possessed of and has the rig~tt to sell and convey said property; that the
<br />same is free from all encumbrances etecpt as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thereof agains[ the claims of all persons whomsoever.
<br />This instrument is given to secure the payment of a promissory Wort dated September 81 1982 _
<br />in the principal sum of S 190, 000.00 _, signed by Gre4 Rice, President __
<br />in beh:.lf of MAROH, Inc.s_ A Nebraska Corporation
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />In 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 method whatsoever, the entire principal sum and accrued interest shall ar once become due and
<br />payable at the election of the holder hereof. Failure to exorcist this option because of transfer of title as above stated
<br />in one instance shalt not constitute a waiver of the right ro exercise the same in the event of any subsequent transfer.
<br />1. The mor2Qayor covertanls and agrees as follows:
<br />:. To promptly pay the indebtedness evidenced by saidpromisory note at the Imes attd in the manner
<br />therein provided.
<br />b. To pav all taxes, assessments, water rate,, and other i:overnmem al or menicipal char?c~, finc>, or
<br />impositions, for which provision has not been rnadc hereinbefare, and will prampU~~ deii~~er [he ottici~l r~cip:c
<br />therefor to the said mortgagee.
<br />c. Ta pay such ei;h[tses and fce~ti a~. may he incurred in the protc ttun aria t :ntenauve of aaid Frc~t,<r~~,
<br />including the fees at ar,p a[to~ncy cmptoyed 7y the mo;tgag,rc fear [hc cotteaior -.:~ a::y of aIl of the zndrrttc<in,~
<br />hems v s,'CUr_d, st !: rc r ,.,e 1 ,. n ~~rtg,rc,eu'ssalr. or ca~ur*_ nr ::-t•cdirytz, o. :n , riy i .l.e~ hueat<ri of t.rs~.: re'Sn~,.
<br />attCC9rn e. s&!C fernpr:;r.
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