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<br />8I--000.476
<br />This ttto!t~ge made and entered into this 19th ~y of Jantaary ,
<br />t4:_$~,__.. by and berwcm plasr,s neveiofaaent Oompans
<br />thereietsfter refatr~ to as nrortgago j and Cortttnerciai filational ; and T'tust Coinputy `-
<br />t~tgit~t), wtm maintains an afftce and rrf~it'etd to as
<br />ptscr yr business' at 424 Sf. Third stlcct #Ir CiraAd Island;
<br />Hall Cottttty, isietxaska.
<br />r ~VtTttt'tt; that f~ the considetstion hereinafter stated, receipt of-which is hereby ackttowtedged„ttte taott~pEot d
<br />does ttaxby mortgag•_. seH, grant, assign, and convey unto the mortgagee, its sutxstsors sad ataigpa, aH.of tfiti col- r~
<br />F toerit~ descrt6rd property situated and beirig in the County of [tall
<br />State of islebraska. _
<br />Lot Tiro (2) in Sack 13aily Subdivision, in the City of Grand Isiand,
<br />Nebraska
<br />together with atl the tcrteriiettts and appurtenances thereto br)anging, alt the rrnts, issues and profits thereof, and alI
<br />eaaert~ttts, rights, royaltits, mineral, oit and gas rights and profits, wattr, water rights, and water stock, and including
<br />ad tteatir~, phimbing, refrigeration, Iightiag, equip :sent a,°sd ali atxtures of entry dest:riptian belonging [o the
<br />[mortgagor [tow ux hereafter auact[ed thereto ar used in connection wi[h the prtmises herein described and in addition
<br />thereto the foltowing described properties which are and shall he deemed to be fixtures and a part of the reat[y, and
<br />are a portion of tttt sccurity far the indebtedness httein stated. t If none, start "none") gone
<br />Tai have aad w hold iht'same tuito fire Mortgagee, as herrtn provided:
<br />Ttrc mortgagor i5 lawfully seized and possessed at and has the right to sell and eonvey said property: that the
<br />saute is fret from ali etmimbrances txeept as hertitiatxsve recited; and that Mortgagor covenants to warrant and
<br />deftnd the title aforesaid thereto and [very part thcrcof against the claims of alI persons whomsoever.
<br />This instrument is given to securt the payment of a prorrtissory not[ dated _ January 19, 1981
<br />in [tit principal sum of S 3t7.t)ot).Ot) signed by ar Eoese_n FS nk Frandsen,
<br />in behalf of t?~~ins Develotaatestt Comoanv _-- s~~nara z:_ rtrzrst
<br />a~tt, as Bach tie or mutes [tray €rom tune to timt be modiPtxt, renewed of extended in writing
<br />In the [vent the ttde to said rest estate is transferred, or contracted to bs transferred, from the uttr;etsigned for any
<br />rttr~n or by any method whatsoever, the entire principal sum sad accrued intttest shall at once btcottu due and
<br />payer at ttu etectian of the hatdtr hereof. Failure to exercise this option because of transfer of tick as above stated
<br />~€ iN3taast stteliii not constitute a waiver of the right to exercise the s~ in the errnt of any subsequent transfer.
<br />1. ~"he atflatytistir covenants star agred as fobs.
<br />a. Ttt prttly pety tAe indthtcdtress evi$ by ~ ~y-note at the titues aerci in the nuttier
<br />the ~,
<br />b, 7o pay aH [sous, ass~esanttttts, water rte, x~ Sher ~'erntaentat or municipal whargts, tints, or
<br />~~~. f~ w)~h ptovittc>dt tias neat bey mad[ haYeittbttore, and wilt promptly deliver .the officio[ re+:eipts
<br />thsref'~ totter stud ttuwigagtc.
<br />e. t°o nay auctr ~ ass} fec~ as ma> ba incttrrtd in the prvtertiost arn# tttahtttnanct of said property,
<br />iax~tidi~ [ttF ftxs of arty attt~tuy trupioyrtvl hY [#[e tnttttst fcrr the eotttctieut of any or art of tht indebtedness
<br />hcrcbi, sauced, ter frne+9oeurr by snaxtgaget's sale, ~,tr .~wrt rncxrectings, ,tr in t[tt} ;abet !ittga[it~n .,r tsrex~rtding
<br />xffet,tttrg *aut tsrtat+crtp,
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