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1l~~RT`G.~Cl~ s1--t1~~i4o4
<br />This mortgage made and entered into this 17th day of ~ March ,
<br />I4~ _$i ; by and betwiten ~C investtttertts
<br />(hereinafter referred to as mortgagor} and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at 424 W. Third street in Grand Island,
<br />Hall County, Nebraska.
<br />W[TNESSET'H, 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 fo]-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot Five (5) Valley View Third, Subdivision in the City of Grand
<br />Island, Hall County, Nebraska
<br />togethee with all the tenements and appurtenances thereto belonging, at! 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 heatittg, plumbing, refrigeration, lighting, equipment aad alt 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 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 the security fee the indebtedness herein stated. ([f none, state "none") None
<br />To hour attd to hold the same unto the Mortgagee, as herein provided:
<br />'the rnortgagar is )awfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from alt 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 ail persons whomsoever.
<br />Thistnstrumrnt is given to see.-ore the payment of a promissory note dated March 17, 19t31
<br />in the principal sum of $ 35,000.00 _, signed by William R. Campbell, Bob Wheeler and
<br />in behalf of CWT 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 went the title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />re9svn or by any rnsthod whatsoever, the entire pritcipal sum and accrued interest shall at once become due and
<br />~yab~ at ttte electior, of the holder hereof. Failure to exercise this option because of aansfer of title as above stated
<br />in one instattce shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />__
<br />1. The mortgagor covetants and agrees as €ollaws:
<br />a: To promptly pay the indebtedtess evidenced by said promissory note at the times and in the manner
<br />tl>rr~n Yro.`ide :.
<br />b. Ta pay elf taxes, assessments, water rates, and other governmental or municipal charges, fines, ur
<br />irrsposifions, for which pros•isian has trot been made hereinbefore, and will promptly deliver the offictai receipt4
<br />therefor to the said mortgagee.
<br />e, To pay such expenses and fors as tnay tee incurred in the protection and maintenance i?f cold presp+ny.
<br />inc#sttlixtg tfltc flee stf any attorney employed by the mortgagee far the caltection ofi am c.r all iat ehe indrbtccfne>s
<br />hcre~ sccctr. or fe~rt~i4vssurc hs' mortgagee's sale, Err ~=tort prt>,:rrdiog4. -rr in anti ,3thrt 4iti~,tti~+n G,~ E+eoczti•~iirttt
<br />affta:tst¢g •.aisl t*;<+txn#.
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