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s©-i~c)~3~a MORTGAGE
<br />This mortgage made and enrer~) into this 18[11 day of i>ecember, 1~0
<br />19~„ by and between Superior Znvesttt[ents
<br />(hereinaher referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(tureinaftu refured to ac
<br />mortgagee), who maintains an office and place of business at 424 West third Street street in Grand Island,
<br />Hail County, Nebraska.
<br />Wr['Nes.SeiH, that for the consideration hereinafter stated, receipt of which is hereby acknawkdged, the mortgagor
<br />does hereby mortgage, sell, grant, assign, aad convey unto the mortgagee, its sttooessors a~ assigns, aU of the fd-
<br />lowing described property situated and being in the County of Ball
<br />State of Nebraska.
<br />The West 60 feet of Lot 6 (six) and the West 60 feet of the North 6 (six) feet of Lot
<br />7 (seven) in Block 10 (ten) Packer & Barn`s Addition to Grand Island, Hall County,
<br />Nebraska.
<br />together with all the tenements and appurtenances thereto belonging, afl the rents, issues and prrsfiis thereat, and aft
<br />casements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stuck, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and a1i fixtures of every des[:riptian ixionging ut the
<br />mortgagor now or hereafter anacheci thereto or used in conneenon 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 [he security for the indebtedness herein slated. (If none, state "none")
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The tnortgagoe 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 w 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 Decetttber 18, 1980_
<br />in the principal sum of $ zz_ooo.oo ___ __,_, signed by ________________
<br />in behalf of ~1ypr'rinr 7nl+P.t~r~ _ __._
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />!n the event the urie to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />tta,ori to by any method whatsoever, the entire principal sum and acerued interest shall at once become aue and
<br />payable at the election of the holder heeeof. fiailurs to exercise this option because of transfer of title as above stated
<br />in one instance shalt not constitute a waiver of the right to exercise the same in the even[ of any subsequent transfer.
<br />1. The mortgagor covenants attd agrees as follows:
<br />a< To promptly pay the itdebtedness evidettced sty said promissory note at the times and in [he manner
<br />'s.auein provided.
<br />b. Ta pay aN taxes, assessments, water rates, and other governmental or rnuniapal ;barges. fine,, .a
<br />impositions, for which prrn~ision has not been made hereinbeforc, and will promptly delis~cr the ofliaal !r::rgn,
<br />therefor to the said mortgagee.
<br />c. To pay such expenses and fees as may be :neurred in the prottction and nu[intenan~r ,!f ~a!d nt,+pei!s.
<br />in!ttuding the foes of any attatt[ey employtd bq [ht mortgagee for the ~uiicet u+„ „( au} ,tr all of t1!e !ndefitc.lnr~,
<br />1?erets}~ se4ured, .tr t~reiis!iu,c t#ro trctrtgager' +aie, ~:n:;[ pr:r:rettir;~: ..c ,,, ,!n. ,ri i„ c ~ -ear,.,,, ,. „r.i~!__
<br />aftectrng w!d txot~rty_ ~ .
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