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<br />
<br />T6~ moetgsge mau#e and er3tered rota [Iris 14th day of O~ta~r ,
<br />19 &1 _ by-and between Frontier Progenies Corp.
<br />(hereinrtfttr referred to as mortgagor) and Commercial Natianat Bank and Tnrst Company
<br />{hereim-fter refsrred to as
<br />mortgagee), who mhintains an office and plane of business at 424 West Third meet in Grand Istaerd_
<br />Ball , Nebraska.
<br />Wt'tIVES3ETH; that for the consideration hertinafter stated, receit of which is hereby acknowi~ged, the mortgagor
<br />does hereby mortgage, se8, grant, assign, and canvsy unto the mortgagee, its successors amf a~igtts, all of the fob
<br />towing described property situated and beingsn the County of Hall
<br />Staterof Nebraska.
<br />I.ot Ten (10}, Kallos Subdivision, in the City of Grand Island,
<br />Nebraska.
<br />together with ail the tettements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all
<br />easa>tents, rights, royalties, mineral, oil and $as rights and profits, water, water rights, and water stock, and including
<br />alt bestir[`, gltunbing, refrigeration, lighting, equipment and all fixtures of every deseripdon belonging to the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br />thereto the following described properties which are and shall be deemed to be fixtures and a part of the realty, and
<br />are a portion ~ the s€~t::ity for the indebted:.-s erein stated. {if nonr:, stage "none'°) Nane
<br />Ttzhsve smite h~ thr! same unto the Mortgages, as herein provided;
<br />The tytxtgagor is lawfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from all encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thereof against the claims of all persons whomsoever.
<br />This instrumern is given to secure the payment of a promissory note dated Qr:t~z 14. 19$.~
<br />in the principal sum of S ~ on on , signtd by t]eaaid A. Kruse & Gerald G. Carmoney
<br />in behslf of Frontier Properties Corp.
<br />also, as sttcch ntRe or notes may from time to time be modified, renewed or extended in writing.
<br />Itt the event the title to staid rest estate is transferred, or contraciect to be trtutsferred, from the undersigned for any
<br />reMtout=or b!' any- method whatsoever, the entire principal stun and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option becatu~e of transfer of title as above stated
<br />~o i~ shall-twt constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />1, 'Q`ite rt~rtgggpc cox;ppxts and agrees as follows:
<br />a. 'iro-psplaptty plty the indebtedness evidenced by said promissory note at the times and in the manner
<br />tit~sin prov~tl,
<br />b: To pay all tazCS, assessmtnis, water rates, and other governmental or municipal charges, fines, or
<br />rrapasitiont, far which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee.
<br />c. Tp pay such expenses and free as may be incurred in the protection and maintenance of said property,
<br />including the fees of any attorney employed by the mortgagee for she collection of any or cell of the indebtedness
<br />hereby sectored. or foreclosure by mortgagee's sale, or sour[ prose ding;, or in any other litigation or proeeedinE
<br />affecting said property.
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