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M®It'TC.s~-iGE 81-~t~ 1405
<br />This mortgage made and entered rota this ___~7th _ day of _ March _,
<br />I9_Bl_, 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 maintains an office and place of business at a2a w mt,i,-a street in Grand Island,
<br />Hall County, Nebraska.
<br />vtr[rtvESSErH, 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 Six (6) in Valley View ;bird, Subdivision in the City of
<br />Grand Island, Hall County, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easements, rights, royahies, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and alt fixtures of even 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 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. tlf none, state "none") Diane
<br />To have and to hold the same unto 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 cavenants'to warrant and
<br />defend the title aforesaid thereto and ever} part thereof against the claims of all persons whomsoever.
<br />This instrument is given to secure the payment of a prontisson note dated March 17, 1981
<br />in the principa! sum of S 38, 000.00 ,signed by _William R. Campbell, Bob Wheeler and
<br />in behalf of CWC 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 tht title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />season 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. 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 />t. The nxt~a, .cr.....^ts anu agr ~, ~, fct:a»s:
<br />a. To promptly pay the indebtedness evidenced by said promisson note at the times and in the manner
<br />thuein provided.
<br />b. To pay all taxes, assessmtnts, watt:r rates, and other governmental or munieipu! charges, fines, or
<br />impositions, for which provision has not bean made hertinbefore, and will prompAy deliver the official receipt.<
<br />therefor to the said mortgagee.
<br />c. To pay such expenses and tees as tnay fie incuaed in the protection arrd maintenance o[ laid property.
<br />including the Errs of any attorne>~ employed by the mortgagee for the collectiort caf any or all of tttc indebtedncsti
<br />hereby secures, ar fareelo~sure by mortgagee's sale, or' court proceeding+, <K in avr~~ other hngadnn ar preceeain,:
<br />of fectintt said prc~t?ertw.
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