|
MC~I~rT~A~rE
<br />~1--- vu2126
<br />This mortgage made and entered into this 28th day of April
<br />19._81-. by and between Earl J. Hardy and Linda R. Hardy, Husband and Wife,
<br />Joint Tenants with Rights of Survivorship
<br />(hereinafter referred to as mortgagor) and Commercial National Sank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at 42a w. Third street in Grand Island,
<br />Hall County, Nebraska.
<br />WtTNESSEfH, 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 />LoL Fourteen (14), Nottingham Estates Subdivision, in the City of
<br />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, mineral, oil and gas rights and profits, water, water rights, and water stock, and inclu :_,~g
<br />all heating, plumbing, refrigeration, lighting, equipment and ail 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 for the indebtedness herein slated. (If none, state "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; r`tat 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 $ 47.000.00 ,signed by Earl J. Hardy and Linda R. Hardy
<br />in behalf of 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 titit to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reason or by any method whomoever, the entire principa! 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 slated
<br />in one instance shaA not constitute a waiuer of the right eo exercise the same in the event of any subsequent transfer.
<br />1. 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, wattr rates, and othtr governmental or muuicipal charges, fines, ar
<br />impositions, for which provision has not been made hereinhefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />c. To pay such expenses and fees as may be incurred in the protection and maintenance of a'sd property,
<br />including the fees of any attorney tmployed by the mortgagee for the collection of anv or cell of the indebtedness
<br />hereby secured, or forrclosurt by martgaget's salt, or court protetdings, car in arn° nNrt•r titiga~ion or t~akctding
<br />afi'ftcting said properrv.
<br />
|