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~~-~ ~,~,~s~s MQ-R.TGAGE
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<br />This mortgage made sad entered into this 1st dap of May
<br />19 79 , by and between JOSEPH E. MCDERMOTT and BEVERLY L. MCCcRh~TT, Husband and Wife, as
<br />Joint Tenants and Not as Tenants in Common
<br />(hereinafter referred to u mortgagor) and THE OVERLAND NATIONAL BANK OF GRAND ISLAND, brand
<br />Island, Nebraska
<br />(hereinafter referred to as
<br />mortgagee), who maintain sn tt~oe and pla« of business at 304 West Third Street, 6rdnd Island, Nebraska
<br />WrrH~sssan, that for the consideration hereiaafte: etattd, receipt of which is hereby ackrtowtedged, the
<br />mortgagor does hereby mortgage, xll, grant, assign, and convey unto the mortgagee, hie successors and aesigw, all
<br />of the folbwiag described groperty situated and being in she County of Hdl l
<br />State of Nebraska
<br />Lot Two (2) in Fractional Biock Ten (10), in Kernohan and Decker's Addition
<br />to the City of brand Island, Hall County, Nebraska
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<br />Togetfierwitb and including all buitdiags, all fixtures including but not limited to all plumbing, heating, Lighting,
<br />ventilating, refrigerating, incinerating, air eooditioniag apparatus, and elevatore (the mortgagor hereby declaring tfiat
<br />it is intended that the items hreein enumerated shalt 5r deemed to have been permanently installed as part of the realty),
<br />and ail improvements now or hereafter existing thereon; the hereditaments and eppurtcnance.+ and all other rights there-
<br />unw befonging, ur in anywise appertaining, and the reversion and reversions, remainder and remainders, all rights of
<br />nedtvaption, and the teats, issues, and profits of the above described property (provided, however, that the mortgagor
<br />sha-1 be entitled to the possession of said ptopecty and to collect and retain the rents, irsues, and profits until default
<br />hereuader)• To have and to ftoid the same onto the mortgagee end the saccrsyvt,t in interest of the mortgagee fomver
<br />is fte simple or each atfiet tsta[e; if any, as is slated herein.
<br />'I7tc mortgagor covenants ;hat he is lawfully seined and possessed of and has the right to xll and convey said
<br />property; sh:t the ,twine ie fret from -art enc»unbranca) exctipt Aa taereinabove recited; and that he herby binds
<br />~a i~iatereat -tts wauaoi and tlefmd the title a(ortsaid thereto and every part thereof against
<br />lire stainer of art persoau whomsoever.
<br />13tis insttumeat is givep to aecurt the payment of a. promiexrry note dated M3,y 1, 1979 r
<br />;,~ thy-prigeipal st~:o~t 55:~.t~li ;signed by Joseph E. McDermott and Beverly L.
<br />inbr~alf~ Per.I dmports McDermott
<br />F~ k~,z:. ~~~
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<br />SBA FORM 929 (2.73) PREVIOUS EDITIONS ARE OBSOLETE
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