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Nft7RTGAGE 81 _„~,'a ~ ~3
<br />This mortgage made and entered into this 28th day of April __ _
<br />14~L_, by and between Earl J. Hardy and Linda R:-Hardy, Husband and Wife,
<br />Joint Tenants with Rights of Survivorship
<br />(heretnafter refetted 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 Crand Island,
<br />Hall County, Nebraska.
<br />wrrt~ssezH, 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, a!I of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot Seventeen t17), Nottingham Estates Subdivision, in the
<br />City of Grand Island, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easements, rights, royalties, mvterat, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipment aei all 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 <hal! 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, ,tare "none") None
<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; chat 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 April 28, 1981 _ _
<br />in the principal sum of S_ 47, 000.00 ~, signed by Earl J. Hardy and Linda R. Hardy
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<br />in behalf cf themselves
<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 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 oat constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />I. The mortgagor covenants and agrees as follows;
<br />a. ~'o protttpily pay the indebtedness evidettced by said promissory note at the times and in the manner
<br />thcreirr prouuitd,
<br />b, Ta pay aii taxes, assesstncnts, water rates, and other gavernttienta! or municipal charges, fines, or
<br />irrtpositiotts, fast which-psavision has oat been made hereinbeforc, and will promptly deliver thc.officiat receipts
<br />thetaf~ir tp the said mort~gce.
<br />To pa; w;;tt-extreit;~ arsd ta:ea gs mty bee ituurrcd in the pratectian and tnaintenanre of said property,
<br />~tA'in;~ the fees at arty attatgey etttpit>ycd by the rEirsttgagee-fat the cattectiori of any or all cif the ittdebtednrss
<br />'eby ceettted, or torcclusure try. mottRag`s sa:e. or ctaurt proceertirtyxs, of in anti oct,er tiripatirt iir prc~Le.iinF
<br />affia~~ting paid property.
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