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<br />MC.~RTGAGE
<br />$~.--001956
<br />This mortgage made and entered inm this ~.17~h___ day of aril
<br />24 81 , by anti between Wilford i,. isuxtan and _3r.rireen L. Sartori, :i'.tsbard andWife,
<br />as Joint Tenants
<br />(1t+Keinaftsc eeferred to as mongagor) and Commercial National Bank and 'Trust Company
<br />(hersittst'tec referre~,,to
<br />mortgagee}, who maintains an ofCce and plate of business at 424 W. Thir& street in Gnr
<br />Halt County, Nebraska.
<br />Wt7'NESSErH, that for the consideration hereinafter stated, receipt of which is hereby aekrtowiedged, the mottgagor
<br />does hereby mortgage, sell; grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />towfttg described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot 29, having a lake front footage of 100 feet, situated on the
<br />West side cf the East portion of Koester Lake, and being on a
<br />part of the EtxSWti of Section 13, Township 11, Range 9, in Hall
<br />Cotmty, Nebraska, bcrunded on the Gtesterly side by the cotttaan
<br />road; such lot as is shown on a plat in the possession of the Lessor.
<br />together with alt the tertemeMS and appurtenances thereto belonging, alt the rents, issues and profits thereof, and n.,
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all Mating, plumbing, refrigeratiotr, lighting, equipment and all fixtures of every description belonging to the
<br />mortgagor now or hereafter attached thereto or used in tonnes ion with the premises herein described and in addition
<br />thereto tM following described properties which are and shall be deemed to be fixtures and a part of the reatty, and
<br />ate a portion of the security for tM indebtedness herein stated. !if none, stale "none") None
<br />'fo have and to hold the same unto the A4ortgagec, as Mrein provided:
<br />7`he mortgagor is lawfully seized and possessed of and has the right to sett and convey said property; that the
<br />same is free from ail encumbrances except as Mreinabove recited; and that Mortgagor covenants to warrant and
<br />defend tM [ilk aforesaid [hereto and every part thereof against the c}aims of all persons whomsoever.
<br />This instrument is given [o secure tM payment of a promissory note dated April 17, 1981
<br />in the principal sum of 3 zn.IIflt1_nn _~_~, signed by Wilford L. Buxton and t4aureen L.
<br />in behalf of thetnselves__"_ Buxton^
<br />also, as such torts ar Hates ntay from time to time be tnodi6ed, rsttsw~ or txtettded in writing.
<br />In tM event tM titk to said real estate is transferred, or contracted to be transferred, from the unlSusigned for any
<br />reason tx by any ttutltod whatsoever, the entire principa! sum amd accrued interest shall at once become due and
<br />ps<yyabk at the election of tM holder hsreof. Failure to exercise this option because of transfer of title as above stateti
<br />in one ittstattcs shall-not constitute a waiver aC the right to exercise the, same in the event of any subsequent transfer.
<br />i. The mortgagor covenants and agrees as toilows:
<br />a, 7`o promptly pay the indebtedness evidettsed by said prornissary note at the times and in the manner
<br />ehsreia prov'tdctl,
<br />b: "fo pay ail taxes, assessment;, water rates, and other governmental ar municipal "charges, fines, ar
<br />~:lons« f~-which pxev~isr ha: Hat !user. made Itercirsbefar and will promptly de!ivcr th_e official receipts
<br />thttefar ttt the sai9 martsaXae.
<br />~. ~"o t~ty stroll erltCttses anti fes*s at may t~ intutred in tM prate~tion ens] mamtanance c+i' sold property,
<br />itKltttd tlvt fns of any attsrney employed try the mortgagee for the ,:opa-tian of any nr alt of the indebtedness
<br />hptels}'src+d« ar faralcwurr by mortgagee's sale, car court psaeecdings, sir in atrt other S+tigadon ~,i praceeim~
<br />affa~~tir ~ntecrty_
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