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<br />MORTGAGE 82--i,~3t~9s~
<br />This mortgage made and entered info this __ 9th __ dad, ~ f Septemlie2
<br />t9_ 82 byand betwceh Ludwiq V. & Loretta Taqel, husband and wife, joint
<br />tenants with rights of survivorship
<br />(hereinafter refetredto as mortgagorland Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of bunness at _ 42v ~9est_ 3rd _ street in Grand island,
<br />Hal] County, Nebraska.
<br />W ITNES$E'-'H, chat for the consideratir,n hereinafter ;rated, receipt ofggwhich is ; ereb~• acknowledged, the mortgagor
<br />does hereby mortgage, sell, grant, assign, and convey unto the Hallagee, its successors and assigns, all of the fol-
<br />lowing described property situated and being in t}+e County of
<br />State of Nebraska.
<br />Suite Three (3j, Brentwood by the Lake Condominium, Property
<br />Regime IT, to the City of Grand Island, 3a11 County, Nebraska
<br />to~ther with al. the tenements and appurtenances hereto belonging, all the rants, issues and profits [hereof, and all
<br />easements, rights, royalties, mineral, oil and gas rights and profits, wa[cr, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, ]ighsing, ~eGuipment and air fixtures of every description belonging to the
<br />mortgagor now or hereafter attached thereto or i[Snd in connection with the premises herein described and in addition
<br />[hereto the following described properties which are and shall be deemed to be fixtures snd a part of the reahy. and
<br />are a portion of the security for the indebtedness herein slated. (If none, state "none"1 gone
<br />"fo have anti 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 properly; that thc^
<br />same is free from all encumbrances except as hereinabove retired; and that Mortgagor covenants ;o warrant and
<br />defend the tide aforesaidthereto and every part thereof against the claim; of all persons whomsoever.
<br />This instrument is given to secure the payment of a promissory note dated September 4 , 19 S 2
<br />in the principal sum of S__~Q~~Q . 00 _, signed by Ludwiq fi Loretta Tagel ___
<br />in behalf of. themselves
<br />also, as sue![ note or cotes may from time to time be modified, renewed or extended in wrung.
<br />In the event the title to said rte! estate is transferred, or contracKed to ix transferred. from the undersigned for any
<br />reason or by any method whatsoever, the entire principal sum and accrued interest shall at once become due anti
<br />payable at the elation of the holder hereof. Failure to exercise this option be;znse of transfer of title as abos~e stated
<br />in one i;tstance shalinot coasti[ute a waiver ofthe right to exercise the same in the ,:vent of any subscgetc ;, ^ansfer.
<br />1. The mortgagor covenants snd agrees as Follows:
<br />a. To promptly. pay. [hc indebtedness evidenred by said promissory note at [he time; and in the m::nner
<br />therein provided.
<br />h. To pay aFl taxrs, assessmen[s; waur ra!e;, and oche; gevernmcnta! <,r enc: ic~ipal ,:hare:>,. i.nts. :-r
<br />impositions. for which provision has rtx been made hereir,treforc, ami E?~ili ,,romp[]: d~!iti~er the ~iaa! C':: ~'.
<br />t;terzYor [olhc said rnoatga~c.
<br />c, T R3~` socl. cs~x.ns<~ aaef fee; a, ma; he ~ncnra~c~J ~n tt,,z pt• _«_~on _,. r,rdur.,..[., _ r:p~ir...
<br />i-tciu~ irk the :ee; rr. an}~ aUCy 2c_. <mpic•p'ed b}' the mortga~~ .v. :h .ottcrtt, r ?1 ~:~c ,3~~or ~w~ ,, .rct~s.,1~. ,
<br />F~rebr>cumd, ~,~ .cc:o"~t -n;+r.tie~, .tiu._,.. ~u.. ..r .-,r.~? _ .. _ -~,h~ ... .,
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