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liilOR'~'GAGE
<br />g~,r. ii~379~?
<br />This mortgage made and entered into this 22nd _____ day of .July __^__
<br />i9 81 _, by and between Keith D. Obrecht and Helen M. Obrecht, husband and wife,
<br />Joint Tenants with rights of survivorship.
<br />(hereinafter referred 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 Hest 3rd street in Grand island,
<br />Half County, Nebraska.
<br />W2TNESSETH, 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 />Lot Eleven (11), Damson Suhuivision, it: ehe City of Grand Island, Hall County,
<br />Nebraska
<br />together with alt the tenements and appurtenances thereto belonging, ail 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, anti including
<br />alI heating, plumbing, refrigeration, t!ghting, equipmen*. and all fixture, of every description belonging tc the
<br />mortgagor now or hereafter attached thereto or used in amnecuon with the premises herein described and in addition
<br />thereto the folbwing described proprnies whkh are and shall hr deemed to hr fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein ,rated. {If none, state "none") Hone
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is lawfully seined and possessed of and has the right to sell and convey said property; that the
<br />same is Frer from all encumbrance; except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend ;he title aforesaid thereto and every part thereof against the claims of at( persons whomsoever.
<br />This instrument is given to secure the payment of a promissory note dated July 22, 1981_ __ _ ___
<br />in the principal sum of S 6,(t00.fl0 _., signed by Keith D. S Helen M._ Obrecht _
<br />in behalf of themselves
<br />also, as such note ar 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 o€ by any method wttatscever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the hglder 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 trartsfrr.
<br />i. The martgagor covenants and agrees as follows:
<br />a. To promptly pay the indebtedness evidenced by said promissory note at the times and in [he manor!
<br />zhersin provided.
<br />b. To pay alt taxes, assessments, water rates, and other governmental .~r municipal thargcs, i!ne,, ;~;
<br />impositions. fear which provision ha not been made hereinbtfore, and wi{l promptly deliver the official rct~ipt.
<br />tht:refar tea fire said mortgagee.
<br />c. Ter pay su+:.h rxprnsrx and fti~*, as may tr< ituurrcci in the proiertion arty ma~ntrttan.r „f =:ud protxrt~,
<br />incltding the fea±v of any attarne~y rmpla_yrd by the martgateee i'ar the c,.~llrc•tic+n of am .?r all of ttrr mdebtc^xinr,.
<br />hereby v~`urt~, _.r 3'r~te`rcrurc by rnsrtce'. snsc, nt ~surt t+rocei~dinras. nr i;~ ;,i. o:i;rs t aatrti~n , - ;,:caec~.lu!u
<br />.z,'f~:tctar! =are} t,totMrt..
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