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,,m ~-~ 591 ~ ~i+C~T"~aAd~Ca~ ~" S 61
<br />81
<br />'1'hffi mortgtge merle artrl tnfcred into this 20th day of November
<br />t9 8l -by and between Mid-Continent Enterprises, Inc.
<br />(t~r~Yter refert~ to as mortgagor) and Commercial National Bank and Trust company
<br />(hereinafter referred to as
<br />iri~'tg),-who maintains an office and-pica of business. at 424 West 3rd street in Grand Island,
<br />Hall Cottttry, Nebraska.
<br />Vitt, that for-the consideration hereinafter stated, recdpt of which is hereby acknowledged, the mortgagor
<br />dnn hereby mortgage, sdl, gent, assign, attd convey unto the mortgage, its successors azed assigns, su oftix fol-
<br />lowing deseribtttl property situated acrd being in the County of
<br />State of Nebraska. _
<br />Unit Four (4), I~ot Two (2), Block Eight (8), Replat, Continental, Gardens,
<br />an Addition to the City of Grand Island, Nebraska.
<br />together with all the tenements and appurtetwnces thereto belottgmg, all the rents, issues and proCns thereof, and all
<br />rights, royaltin, mitteral, oil and gas rights and Profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipmrnt and all fixtures of every description belonging ro the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br />tlxreto the following des~rebext propertta which arc and shalt he deemed to be fixtures and a parr of the realty, and
<br />are a pet,'tion of tr`sc s~trity fs~ t~ ittrl~ hen saat~;d. (If t~, stet} "note") None
<br />To larva sad to hold the same unto the Mortgage, as herein provided:
<br />'The tnaatgagor is tawfuUy seized and possessed of and has the right to sell and convey said property; that the
<br />same is free fmm aU encumbeances except as hereinabove railed; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thertof against the claims of all persons whomsoever.
<br />Tltis ittstrutnent is givett to secure the paytttent of a promissory note dated November 20, 1981
<br />in Hm ptintapal sum of 5 50,008.00 ,_._, signed 6y Glenn R. Wilson, Jr.
<br />in beh~f of btid-aantinant Enterprises Inc. __
<br />oleo, as such note or notes rosy from time to time be modified, rsnewed or extended in writing.
<br />in the evrntt -the title to said real elate is transferred, or contracted to be tratufeared, from the uttdersigned for any
<br />tevteaat err by tray 'tanethod whatsoever, the entire pritsciyal stun and accrued intent shall at otter become due and
<br />ptlyaRble to the slcrtign of the bolder hereof. Faitttre to cxetrae¢ this option because of transfer of title as above stated
<br />in one inatattce sitvl trot constitute a waiver of the right :o cttercise the same in the event of any subsequent transfer.
<br />I. -ter cctvettsate trod agrees as tollows.
<br />a. 'fftt pt~nptly -pay- t~ ~s evidcncexi by said protitis~y note at the times and in she manner
<br />titixeln pinvCdad:
<br />b: To pay at! ta>eCS, a5riess>t-enis, water rates, and other governntental or municips-t charges, Fines. nr
<br />itnppektotte. far whtdt;prov3slctt has trot been mrde hereinbefore, and will promptly deliver the official receipts
<br />thts~etar to tilt said mortgagee.
<br />c. To pay such capenscs seal Pees as may be Incurred m tht prosection and maintenance of said property,
<br />i~ tkC fps of any attorteay etteptoyed by the mortgayet for the coilctiKion of any or alt of the indebtedness
<br />hereby seicurtxl~ of Fater)osure by tnortgagce's salt. or ctxrrt procredite$s, ar in any other IitigatiIIn ~r prc>.ee+ling
<br />affecting said property.
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