|
<br />
<br />'f"n}s rnartgagt ritade and t..tcred into th'ss 5th day of __4~~~~-- ,
<br />jg #~11 _,.fiy grid t~ween ~~~ & Country Realty of Grand island
<br />{hereirtaf`ter re#eri`etl'to as mortgagor) and Commercial ?3atianai Bank and Trust Company
<br />(hereinafter referred Yo as
<br />ierartEag~); who maintains an office and place of business at 424 W. 3rd street in Grand island,
<br />Fikll irounty, Nebraska.
<br />t1V-Yt'i~SStrttt; that-far the consideration hereinafter stag, receipt of which is hereby acknowledged, the mortgagor
<br />hoes hese}yy cnartgage, sell, grant, assign, and convey unto tree mangagee, its successors and assigns, all of the fo}-
<br />lo+virtg deseribat"property situated and being in the County of Hall
<br />State`of i~febraska:
<br />'~esteYly-s,rt (tifii'} of-Lot i5 in Stock Fiae (5), in westerhoff's First Subdivision,
<br />except the Southerly 30' thereof deeded to the City of Grand Island for street
<br />puriioses, to t}t~ City of Grand Island. Hall County, Nebraska
<br />together with a}} the ttnc~-rents and appurtenances thereto irelang€ng, ail the rents. issues :: d praf:ts th°reof, and all
<br />easements, rights, royalties, miners}, o'sl and gas rights and profits, water, water rights, and water stock, and inctuding
<br />a}I heaving, phrmbing, refiigctarivn, iigMing, ~-uiY.:;~nt and all fig:€=_tr-~ 'f avQry de_scrietion belongins [o the
<br />.:tea ow nr hereufrc* attached there're or ii~~3 in canntctia : x h :€. p ~ -'~ he rtesrriheci ~rzd in additio,?
<br />thereto the following descrioed properties which a,~ a~ 4 shall ke d~ • to be r ~[,rres nd a ^ar[ of =.he reaitx, and
<br />are a portion a~ the seeurity-far the indebtedness heron: sraicd. (If nti,~, °,~,~ ...,==4 -. ._.~___
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is lawfully seized and possessed of and etas [he right to sell and convey said property; that the
<br />sari-~ is fret from atl encumbrane:es except as hereinabove recited; and that Mortgagor crovenants to warrant and
<br />defend-the title aforesaid thereto and every part thereof against the claims of all pecans whomsoever.
<br />This. iitstrunterrt is given to secure the paymtm of a promissory Wort dated patoh~r 5 LQ81 ~,_
<br />in the. principal sutra of fc 20, 0©~' Ot3 ,signed by Fred M. Tanisch
<br />in behalf of 3rwm ~ Gauntry Realty of Grand Island -_ --
<br />also; as such nottt or notes msy frotr. 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 />rtaaoa or b}t any- method whatsoever, the entire, principa},sum and acceued ineerest shall at once become due and
<br />payatt}e at rite e}cction of the holder hereof. failure to ezereise this option because ref tra.;~f~ of a°.}; as a~rve stated
<br />lq 4~tG irsia:lc~.s~sU ~. co;,sGtttie a wain=°r of tree right to e~rc;~e the scene in rite event of any suoseauent transfer.
<br />} . mo{,tBagor covenants and egrets as follows:
<br />ar Ta.~tfy-:Fay: the indebtedtttss tvidettced_ by- saki promissory npte st the times and in the manner
<br />eltercia prn• : - _
<br />b. Ta pay all- taxes, assessments, water rates, and other gaverntrtental ar municipal charges, fines, or
<br />irrrpDSitiotts, 'fist which }irarision has not been made hcreint>efore, and will prompt}> deliver, the r~f'ficiat receipt.
<br />titCrefoi to cite said mortgagee.
<br />a fsc` .: .mac. ..~ ul ;.. rhn s.,,«-tinn anti ~,tatnr~nytn'e c)t ti,`_iict pratR'rt4',
<br />ill. } ~Y- 31[#i3 cs~'ixscs ea esx -. _ ,. -. - .,, - e• ~•. •_
<br />;. ~ ~.s, r~ „€ a=._ _ ~plyv,~t r~~, th< ~,~,•t@e ra_ t~ cal! ~[intt of any ur alt t}f the indebtedness
<br />ttertt7y Secured, ar [ar[.£ia~ltrK ilCly martjta~"CL''S Sale, «f Coi[c[ ~'TthECixire}Jti, , e, .: ,,.~, ,•[ttist i.=;S :. , ,~: c:ii,it•
<br />affetiting paid prapcr[y.
<br />
|