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MORTGAGE 82 --!~:t i r ~~ i ~ t
<br />This mortgage made and entered into this _ 2nd day of December .
<br />19 82 , by and between Kirk G. Arnold
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maihtains an office and place of business at 424 west 3rd street in C,rnd Island,
<br />.Hall County, Nebraska.
<br />WiTtvesSETa, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the, mortgagor
<br />does hereby mortgage, self, grant, assign, and convey ;into. 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 />Lots Five (5) and-Six t6), in Block Nine (9), in the Original Town o£
<br />Cairo, Hall County, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits- thereof, and all
<br />easemenu, 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 [o [he
<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 shalt be deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the ihdebtedness herein stated. (lf-none, state "none") None
<br />To have and 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 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 thepayment of a promissory note.dated December 2, 1982
<br />in the principal sum of $ 42, 000.00 ,signed by Kirk G. Arnold
<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 meWod whatsoever, the entire principal sum and accrued interest-shall at once become due and
<br />payableat the election of the holder hereof. Failure tb exercise this option because of transfer of title as abo~'e stated
<br />itCone instance`shall-not constitute a waiver of-the right to exercise the~same in the event of-any subsequent transfer.
<br />L The mortgagor covenants and agrees as foAows:
<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 fazes, assessments, water rates, and other governmental or municipal .harges, fines, or
<br />impositions; far which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />thereforto the said mortgagee;
<br />c To pay such ex eases and fee ~ is
<br />p s as ma} a utcurred m the proteuton and maintenance at sold property,
<br />induding-the Fees of any attorney employed by the mortgagee tot she collection of amp or alt of the indebtedness
<br />.hereby.-secured. ur foreclosure by mi~rfgagce's sale, ot`cou~r proccrdings, or in cony other liticauo~T or precceding
<br />affecting said property:
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