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<br />MC?RT°GAGE
<br />81--I-t~3596
<br />This mottgage made and e»tered into this loth day of Julp
<br />f 3 81 , by arid- between
<br />Dotaald H. Kruse
<br />(hertitittfter r~erredto as mortgagor) and Commercial National Bank and-Trust Company
<br />(hereinafter refereed to as
<br />rn~tgagee), who maintains an office and place of business at 424 W. Third street in Grand Island,
<br />Niaq County, Nebraska.
<br />WETFG that for tht consttieradtrn hereinafttr stated, receipt of which is hereby acknowtedged, the mortgagor
<br />does heteby tttartgage, stiff, grant, assign, and tpttvey unto tht mottgagte, its successors attd assigns, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot One Hundred Eight (i48), in Buenavista Subdivision, an Addition to the
<br />Oizr of Orm.d ~s~an', .ill ..:,tttuy--, P.;htaska
<br />together with all the tenemtnts and appttrrenances thereto belonging, ail the rents, issues and profits thereof, and all
<br />raa~nents, rights, royalties, mitxral, oil and gas rights and profits, water, waver rights, and water stock, and including
<br />aA heating, plumbing, refrigeration, #ighting, equipment and all fixtures of every description belonging to the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises htrein described and in addition
<br />thtrtto the fptlowing described properties which are and shall ~ deemed to be fixtures and a part of the realty, and
<br />are a portion of tht stcttrity for the indebtedness heron stated. (Ef Wont, state "none"} None
<br />To have atad to held the saute unto the Mor[gagee, ax herein provided:
<br />Tice Mortgagor is lawfully stied and posstssed of and has tht right to self and convey said property; that the
<br />saute is free from all tncumbraticea except as hereittabove recited; and that Mortgagor covenants to wazrant and
<br />deftnd tht tick aforeraid thertto and every part thereof agaittst the claims of all persons whomsoever.
<br />Shia iratrument is given to securt the paiyttsent of a promissory Wort dated July 14, 1481
<br />in tht principal stun of S 27,OQ0.OO _ ,signed by Donald H. Kruse
<br />in behalf of hi®self, _____ -_
<br />also, its such Wort or ttotts may from tune fo ii:ne be titpdiCted, rtnewed of exteadtd in writing.
<br />to the tve~ the tick to said real tstate is transferred, or contracted to be trattsferrtd, from the unde-.signed fpr any
<br />r ~' ~9[ ~Y-~ whatapever, the attire principal sum and accrued interest shall at once become due and
<br />IrMYA13~C tl the tkction of the he-dtr htrepf. Failure to txacise this option bet:ause o[ transfer of title as above stated
<br />is tom. utiittt~ siteU ttttt cottatiiute a waiver pf the right ro exeteiat the same in the went of any subsequtnt transfer.
<br />1, The ~r covetteata and agrtes as foliQws:
<br />+~ Fp I-r~~lY ~y tpz9e indebtedtttss tvidettt~al by xi+d ptpatiastyry note at the times and in the manner
<br />thl pPpvtdcrf,
<br />b. Tsi Rg~ ~ taxes, asacsarttenu, wtatlr roles, and other gtivernttirntal or muriicipal charges, fitter, or
<br />iptpt~itias;, fpt whidi prpvislon has not been tttttde hereietixfore, end. will promptly deliver the official receipts
<br />therefor tp tilt salt! st~rtsx,
<br />¢. To pay'anc3t expett~cs stuff fees as eriay he ineuxred In cite pmtet~tion and maintenanrr of said property,
<br />ittuing tlu fates pf arty eatorrrry ernplnyetl by the. «wrtgegee for tht cvikrtion of ally or all of the itidebtednrs
<br />tter+eby se~gred, of foieclo:~ure by tnortgaget:`s sale, or sotrit proct~edttgs, .~r in ank caber litigatic>tt or pt«e.Yiintt
<br />aff€~tittg said pttspcrty.
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