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<br />M4RT'GAGE
<br />81-- 002852
<br />This mortgage made and entered-into this 1st day of ,Lune
<br />l9_6]-, by and between J. Lliteras and- Associates, inc.
<br />(hereinafter referred to as mortgagor) and Commercial'l~ftitiottel Bank and Trust Company
<br />tefe-tetl toad; .
<br />rnoftgagee), who maintains an office and place of business at 424 West Third ~ streecitrC,ra~-d=laland, -
<br />Hall County, Nebraska.
<br />Wi'iMF,SSFTH, that for the consideration hereinafter slated, receipt of which is hereby acktaatvkeigeti'the
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, its suaces.4ors cud asr~s," aI1 oP the-;fd~'
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Ia.ts Fifteen (15) and Sixteen (16), Garland Place Subdivision, Hall Couaty,Nebaske~.
<br />located in the North Half of the Sout}ieast QuartEr (NiSE}) of Section 23; Triranship 11_
<br />North, Range 1D, West of the 6th P.M. in Center Township, except for property corwey~ed
<br />to Frank Stauss Jr., described in the Deed recorded at Book 160 of Deeds at'Fagg 5.96 '
<br />in the Register of Deeds office, Hall County, Nebras?;.a, said Deed recorded on-
<br />Pebrtrary 4, 197D and except for 1.25 acres condemned by the State of Nebraska; sd3,d:
<br />condemnation proceedings recorded at page 649 in Book 9 of Miscellaneous Records-
<br />i~r the Hall Cotsssty Register of Deeds Office and recorded on October 3, 1461.
<br />together with all the tentn.:ttts and appunertattars thrn€o belonging, a#i the ants, issues and profits thereof, ana all
<br />easements, rights, royalties, mtntral, oti and gas rights aced profits, water, water rights, and- water stock, and including
<br />alt heating, plumbing, refrigeration, lighting, equipment and sit 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 addirion
<br />thereto the following described properties which are and .hall he deemed to be fixtures and a part of the realty, and
<br />are a portion of the security foe the indebtedness herein stated. f 1: none, state "none")
<br />To have acrd to hold the carne 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 fret from all encumbrances except as hereinabove recited; and that :Mortgagor covenants to warrant and
<br />uefend 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 Wort dated June 1, 1981 _ __
<br />in tht principal sum of i t~n,ntao_no i, signed by J. J. Lliteras, President
<br />in behalf of _~i_ r_l~r.arac any Accnri arPG - r~~
<br />also, as such note or Worts 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 holdec hereof. Failure to exercise this option because of transfer of title as above stated
<br />in ant instance shall not constitute a waiver of the right to exercise the cam; in the event of any subsequent transfer.
<br />1 • The rttortgagot covenants and agrees as follows:
<br />a, To pr~npt;y pay the indebtedness evidenced by said praatissory note at the times and in the tttanntr
<br />therein provided,
<br />b, To pay alt texts, assessments, water rates, and other governmental or municipal charges, fitxs, or
<br />impositioru, for which provision has not hten mede hertinbefore, and will promptly deliver the official receipts.,
<br />therefor to iht said mortgagee.
<br />c. 7"o pay such expenses and lets as may bt iir urrrd in the protection and maimettancr of said prolx:rty,
<br />including the Errs of any attorney employed by the mortgagee for the co(le<•~ion of any or atl of the irttitbtedttcss
<br />ltetthy s€cured, c>r ftrfcctosure by mottyaget•`s a}e. ar .vnrt presctedinitt, car in ens- ether titigatiott ar pracrediitg
<br />affecting said ptr7pttt}
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