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$~-. t~02790 1V~C~RTGAGE
<br />"this mortgage [Wade and entered into this 29th day oY _ t~y_.- ,
<br />191_; by and itetwetn Frontier Properties -Carp.
<br />(hertittafier referred to as mori~gor) and Commerttiai Naiianat Bank and Trust Company
<br />(hereinafter deferred to-as
<br />mortgagee); whamaintains an office and place of bustness at 424 Westi Third street in red'taland, -'-
<br />Hail County, Nebraska.
<br />WI't'tai:sst?'rH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the tortgagor
<br />does hereby mortgage, sell, grate[, assign, and convey unto the mortgagee, iu sutxessors and assigns, a1D of the fol-
<br />lowing described property situated and being in the County of -Hall
<br />Stott of Nebraska.
<br />I4t Four (4}, Kalias Subdivision in the-City of Grand Island, tiehraska.
<br />together with all [he 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 including
<br />a!I heating, plumbing, refrigeration, lighting, equipment and ail fixtures of every description bebnging to the
<br />mortgagor now or hereafter attached thereto or used in conttectian with the premises herein described and in addition
<br />thereto the foAowing described properties which are and shatE be deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. {If Wane, state "none"}
<br />To have and to hold the same unto the Mortgagee, as herein provided;
<br />The mortgagor is lawfully sei2ed and possessed of and haS the right to sell and convey said property; that the
<br />Same is fret from alt encumbrances except as hereinabove recited; and that Mor[gagor rnvenants to warrant and
<br />defend the tick aforesaid thereto and every part thereof against the claims of all persons whomsoever.
<br />This insetteaeeret is given to secure the ~vmcnt of a promissory Wort dated _~v 29 , I48I
<br />in the principal sum of S 24.000.00 ,signed by Donald H. Kruse, President
<br />in behalf of x'r.,,,*; ar ay~~r+; P~ r~rp
<br />also, at such note or notes may from time to time be modified, renewed or extended in writing.
<br />!n the event the titre io said real estate is transferred, or contracted to be transferred, from the undersigned Fos any
<br />reason ar by any metdod whatsoever, the eneire principal sum aced accrued intermit shall at oace become due and
<br />payable at the eltction of the holder hereof, fiaiture to exercise this option trecause of transfer of title as above stated
<br />in orte instance aleait not constittetc a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgagor covtttants atxl agrees as follows:
<br />a. To tK~tpdY Pa9 the indebtedness evhktte9d by said protn)ssacy note at the tithes and in the manner
<br />tfrertin provided
<br />b. To pay all taxes, asslasntenu, avatar rates, and other governmental or municipal charges. fines, i~r
<br />itnpu€itions, for which provision has hat-been made hereinbefore, and will promptly deliver the officio[ receipts
<br />thtre(or tp the-said mo>tgagee.
<br />c, To pay such txpcntss ~ fees as stay br incurred in the protcz-tian a:xi ntaintenauce of said property.
<br />lttcladiteg-rate fas of any attortecy etnployxd by the mortgag~er for the ,:oltrctian of anv ar all of the indebtedness
<br />hctrrby rytcttrtd, €x foreclosure by martgattte's sale, or court proceedings, or i=.t ;tn athrs litiati~nr ~~r prckc~.tin
<br />afft~^tiny; mid propt'cty.
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