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<br />MORTGAGE
<br />sl-~~~-~s~~
<br />This mortgage made and entered into this 28th day of August
<br />19~_, by and between Ronald D. Peterson, Becky Peterson, husband and wife and
<br />Richard L. Peterson, Helene M. Peterson, husband and wife, as tenants in coneaon
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />moRgagce), who maintains an office and place of business at 424 West Third street in Grand Island,
<br />Hall County, Nebraska.
<br />WITTIESSETH. that for the consideration hereinafter stand, receipt of which is hereby acknowledged, the mortgagor
<br />does hereby mortgage, se8, grant, assign, and convey unto the mortgages, iu successors and assigns, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lct One (1) in Connell Industrial Park Second Subdivision, being a part of the
<br />East Half of eh Southwest Quarter (E} SWh) of Section Eleven (11), Township
<br />Eleven (11) North, Range Nine (9) West of the 6th P.M., in Hall County,
<br />Nebraska as surveyed, platted and recorded.
<br />together with all the tenemenu 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 />all heating, plumbing, refrigeration, lighting, equipment and all 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 dcemed to be fixtures and a part of-the realty, and-
<br />are aportion of the security for the indebtedness herein stated. (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; that 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 .Buqust 2t}. 1981
<br />in the principal sum of S 40.000.O,Q ,signet( by Ronald D. Peterson, Beck Peterson,
<br />in behalf of themselves Richard L. Peterson Helene M. Peterson
<br />also, as such note or 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 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 holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />fn one Instance shall twt constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1. The mortgt[Qor covenanu and agrees as follows:
<br />a. To pfatpptly pay tha indebtedness evidens~d by said promissory note at the times and in the manner
<br />therein provided:
<br />b. To pay all taxes, assessments, water rates, and other governmental or municipal charges, fines, or
<br />impositions, for which provlslon has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgages.
<br />c. To-pay such expenses and fees as may be Incurred in the protection and maintenance of said property,
<br />including the fees of any attorney employed by the mortgagee for the co)tection of any or al{ of the indebtedness
<br />hrrcby Secured, or foreclosure by nwngaaee•s sale, ur court proceedings, car in ant other liugatiun or t*rncc~dina
<br />affecting paid propcrt y.
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