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MORTGAGE
<br />and gV°~~ ll t'~~VS3.
<br />v
<br />This mortgage made entered into this 14th day of Novetber
<br />I9 80 ,by and between Mid-Continent Enterprises, Inc.
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referted to as
<br />mortgagee), who maintains an office and place of business at can w mt,; ,-,; street iti Grand !stand,
<br />Hall County, Nebraska. - -
<br />WITNESSEPH, 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, atl of the fol-
<br />lowing described property situated and being in the County cf Hall
<br />State of Nebraska. - -
<br />Unit Three (3), Lot Two (2), Block Eight (8), Replat Continental Gardens,- an
<br />Addition to the-City of Grand Islarrd, Nebraska - - - - - - --
<br />togethef with ail [he 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 the premises herein described and in addition
<br />thereto [he 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 umo 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 therein 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 19, 1980
<br />in the principal sum of $ 30D. OD0.00 _, signed by _ Glenn R. Wilsor„ Jr., Sec/Treas.
<br />in behalf of _ M; d- on inn Fnte~~*-ises, Inc.
<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, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. collate to exercise this option because of transfer of title as above stated
<br />is one instance shall no[ constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />l . The mortgagor evvenants and agrees as follows:
<br />a. To promptly pay the indebtedness evidenced by said promissory note a[ the times and in the manner
<br />therein provided.
<br />b. To pay all taxes, assessments, water tares, and other governmental or municipal charges, fines, ur
<br />impasidons, aor which provision has not been made hereinbefore, and will promptly deliver [tae official receipt
<br />therefor u? the said mongagee.
<br />c. 1 a pa3' such expenses and Yecs as may be ineurred in the protection ,uad maitucaiance of said pn:pert,
<br />including the tees of any attorney employed by the rnarigagec tar the collection of any ar all of the iaadebtedncs.,
<br />4rrehy secured, or fvrreclosurr by mortgagee's sale, or court pros^eeduay., or m ,tnc oths•r li?iy.ui+?n of pra~crding
<br />aftc,;t~rag said prutxrt'y.
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