|
<br />s2-t~e~4y~~~ MORTGAGE
<br />This mortgage made and entered into this _ 22Tid_.-_ day of _ November _
<br />19 82 , by and between Lbnald H. Krus~• , A Single Man
<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 3rd street in Grand Island,
<br />Hall County, Nebraska.
<br />W[TNESSETH, [hat for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, its successors and assigns, alt of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot Five (5) and Lot Seven (7), in Block Eleven (11), College Addition to
<br />West Lawn, in the City of Grand Island, Hall County, Nebraska
<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 the
<br />mortgagor now or hereafter attached thereto or used in connection with fie premises herein described and in addition
<br />thereto the following described properties which are and shall he deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (If none, state "none") None
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is iawfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from all encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the 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 November 22, ,1982
<br />in the principal sum of $ 3il,t10t1.t10 ,signed by Donald H, Kruse
<br />in behalf of himself ---
<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, [he entire principal sum and accrued interest shall at once become due and
<br />payable at the eiecdon 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 [he right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covenants and agrees as follows:
<br />a. To promptly pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />therein provided,
<br />b. To pay all taxes, assessments, water rates, and other eovernmantal or municil~ ages, fines, ur
<br />impositions, for which provision has nor been made heroinbefore, and will promptly deli+ .~tTidal receipt.
<br />therefor [v the said mortgage.°.
<br />c. To pay such expenxes artd feats a; map br iacurrrd in the prutcction and m~uuen;lncr of sa;d propc~~>,
<br />including the fees ~f any attorney ctnptuveci by the tnortgagec fat the coliettion cf ant or ail ;~t the ;ntieh[cdtte,s
<br />hereby secured. ,ar iurecloaure hp to«rgaftcc'c cote, or ~uurt procrc.hna~- ;n aa~ .n het Iniatt„t; .,r ;.~a,~ei•.lint_
<br />affecting +aid prc,tu--rty-_
<br />
|