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<br />MORTGt~GE 82---~~~-~c~~~~
<br />This mortgage ;Wade acd entered into this --15th day of " September _
<br />l9 82 by and between Richard G. Gowlovech and Beverly J. Gowlovech, husband :and
<br />wife, joint tenants with rights cf survivorship
<br />(hereinafter referred to as mortgagor) and Commercial Natiohal Bank and Trust tr.ompany
<br />(hereinafter referred to as
<br />mortgagee), whe maintains an office and place ofbusiness at- 424 West 3rd street in Grand Island,
<br />Hall County, Nebraska" '
<br />W ITNFSSETH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, :he mortgagor
<br />does hereby mortgage, sdl, grant, assign, and convey unto the mortgagee, its-successors and assigns, all of the fol-
<br />lowing described property situated ~: d being in the County of :Hall
<br />State of Nebraska.
<br />Lots Seventeen_(17), Eighteen (18}, Nineteen (19), Twenty-One {21), Twen*_y-Two
<br />{22), Twenty-Four (24), Twenty-Five (25).andTwenty-Six'(26) in.Phillips Sub-
<br />division in Section Thirty-Three (33), Township Eleven `(11) North; Range Nine
<br />(9), West of'the Sixth P:M., Hall'cCounty, Nebraska; and the Easterly Three
<br />Hundred Fifty Feet i35G') of Lot Twenty (20), of Phillips Subdivision situated
<br />in the North Half (Nr:) of the \orthwest Quarter-(NWts) 'of the Northeast Quarter
<br />(NE~t) of SectionThisty-Three (33T.Township.Eleven (11:):NOrth,P,ange idine (9),
<br />West of the Sixth PCM., Hali Coa;ty, Nebraska and ?1 Tract of.Land Situated in
<br />Phillips Subdivision of a Part of the'North Half (N~) of the'Northwest Quarter.
<br />(NWT) of the Northeast. Quarter (NEC) of"Section Thirty-Three (33), Township
<br />Eleven (11) North, Range. Nine (9)-West of'the Sixth P.H., Hall County, Nebraska,
<br />rrore particularly described.-as follows: Beginning at the Soctheast corner of lot
<br />Sixteen f16) of said"Subdivision; 'thence 'South, 4G Feet Thence West 200 Feet; thence
<br />North-40 Feet`to a point on'the South Line of.LOt Fifteen (15) in s,rid subdivision;
<br />thence East 200 Feet''to the place of beginning, said tract being a part of what
<br />was fozmerly Sande-Jo Road"prior to the vacation of said road by the xall county
<br />Board of SupezvisorS on the 24th day of August, 1965.
<br />together with all the tenements and ,appurtenances thereto belonging, alFthe rents, issues and profits Thereof, anti all
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, ana water stock, and including
<br />all- heating, `plumbing, refrigeration, lighting, equipment and all fixtures of every description belonging"to the
<br />mortgagor:now ar hereafter attached thereto or used: in 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 pan of the realty, and
<br />area pardon: of the security for: the indebtedness herein stated: {If none,s[ate "hone'')
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is lawfullyseized and possessed-af and;has the right tosell and convey said property; chat the
<br />same is free from ail encumbrances except as hereinaboVe recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every' part thereof againstthP daims ofall persons whomsoever.
<br />This instrument is given to secure the payment of apramissory note dated _ September 15, 2982
<br />in the principal sum of S 3C,000.OG Sj$ned ~, Richard G. « Beverly ,7. Gowlovecn
<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 evtnt the title to said real estate is transferred, or contracted to be transfeged, f; om the under;tgned` for any
<br />reason or by any method whauotver, the: entire principal sucn and' accrued interest shat at once become due and
<br />payable at the election of the holder hereof. Failure to exereise~this option because of transfer of title as above stated
<br />in one instance shad not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.`
<br />1. The mortgagor covenant; and agrees as follows;
<br />a. To promptly pay the indebtedness evidenced b}'said pramissor}~ note at the times and m the manner
<br />therein provided.
<br />b. To pa} all .axes, asses,menu. waxer rate, and o her gore nmcr[al tunietpai eharge5, fines. or
<br />smpo;itions, for which procistnu has eot beer. r,:aoE t~e.einhefo~e, and w;t] prr,n~tl,, dclteer the official re~-eipt~
<br />ehere'-or u:!he s&id rno=tcsgee.
<br />~ fr P 4 '13 ty ~ ai ~ i . i n ~~ be u~c n ~d i t t c. ~:, c fCn ;~ n +t•Ftam [ ° na ~;~ ty
<br />tr!u,.,nu .he Ir~~ of a aucrr .vrTi•, ~cf .hc for ;a;.c. ~~„ r.,i~ ci - '
<br />.. `g `-atu F ~ _ .t''° ., a,. .~ ti~_ .,~~t:,atceu t, ~cc- .t~
<br />"~ -"
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