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<br />MORTGAGE 82_;f~-~c~«~~=
<br />This mortgage made and entered into this ~22nd._~ day of November
<br />19 B2 , 6y and between Danny D. Dantean and Catherine M. Denman, husband and wife,
<br />joint tenants with rights of survivorship
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />mortgagee), who maintains an office and place of business at
<br />Hall County, Nebraska.
<br />424 West 3rd
<br />(hereinafter referred to as
<br />.street in Grand Island,
<br />W(TNESSETH, that 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, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot One (1), in Block Four (4), in Normandy Estates, An Addition to the
<br />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 />ail heating, plumbing, refrigeration, lighting, equipment and all fixiures of every description belonging to the
<br />mortgagor now or 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 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 [he Mongagee, as herein provided
<br />The mortgagor is lawfully 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 [o 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 5 81,000.00 signed by Danny D- Denman & ~atherine M.
<br />in behalf of themselves and Woodridge South, Inc. =racer
<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 ar by any method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stared
<br />in one instance shalt not constitute a waiver of the right to execci;e the same in the event of any subsequent transfer.
<br />1. Thf= 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 aq taxes, assessments, water rates, and other 3overmnen[al or munirry,, urges, fines, cr
<br />impositions, for which provision has not been made hereinbefore, and wiil protptly deliver ute official receipts
<br />therefor to the said mortgagee.
<br />c. To pay such expenses and fees as may be insured in the protection and mainteuauce of said propern•,
<br />including the fees of any attorney employed by the mortgagee for the collection of anv ur ail of the, indehtednes.
<br />herrhy secured, or foresla>urc by mortgager'> sale, or caurr prcceedinus, or in ant ether Gtiganctn or Inaccriline
<br />affecting said property.
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