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<br />gl--o0o'71e 1VIGRTGAGE
<br />This mortgage made and entered into this ___13th___ _ day of ___ Febrya~y ,
<br />191__, by and between CWC Investments
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maimains an office and place of business a: 424 W. Third street in Grand Island,
<br />Hall County, N:Sraska.
<br />WtTNESSF.TH, 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, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot One (1) in Block Four (4), Valley View Subdivision of Section
<br />Twenty-Two {22), Township Eleven (11) North, Range Nine (9) West
<br />of the 6th P.M., Hall County, Nebraska.
<br />[cgether with all the tenements and appurtenances thereto belonging, all the rents, issues and profits [hereot, 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 ir. connection with the premises herein described and in addition
<br />thereto the fo!lowirg described properties ,ihit•h are and .hall he deemed w be fixtures and a nett of the realn~, and
<br />are a portion of the security for the indebtedness herein crated. t If none, state "none") None
<br />To have and to hold the same unto the txlortgagee, 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 the payment of a promissory note dated __ _ February 13, 1981
<br />in the principal sum of $___40, 000.00_____ _ _ __ _ _ _ , signed by William R. Campbell, Bob Wheeler,
<br />in behalf of __..___ _-__- ___._.__~C Investments James L. Cannon
<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 cum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />in one 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 Follows:
<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 taxes, assessments, water talcs, and other gaverntnental iu municipal ;barges, lints, ur
<br />imponitiuns, for whtch provision has not been made hcreittbel'cre, and ,vill promptly deliver thr ul'ticial receipts
<br />thereto[ [u the ,aid nu+rtgagco.
<br />c. Tir pay such expcroes and tees a. mad hr incurred in the pnurcuun and ntainten,u[~e ni ,aid Vrnperis.
<br />including the fern oi' am auorncc Cmplu~ed b} the rnortgagcc for the ~olleaion <,f am ++r .!il of the indehtedncs,
<br />hcrebe ,scored, ,+! I+ncrlr++a:~ Y„ nur,t;aal;er's .ale. ~,. ~;=ur; txuiee.l[++_~,, . , ~...,:r: ~,rh.~. 'nru;+tr+ut „r ,•r.+.:ci,hne:
<br />el iccunc ,eid pr,+p~rt,
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