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~I ~l S ~ M ~~~~I~~~.
<br />,~ ~~~~
<br />~~.___ _
<br />. by arad trsi[ ~t :i. Ott ssl~z, rt. fltbzecht, husband ~ slfe
<br />sow '>~nartes tich ri~t:s of ,~~
<br />[hesss ~ its a: ~ oral Cr?mmerci~ ~ 3~rdt and Trust ~rnrpany
<br />(}>ereirtafter referred to as
<br />tiaortg~e~, who rtai~s an office and place of business at 424 hest 3zd street in Grand Island,
<br />HsN Cot~y, I+kbraska.
<br />Wrt'ta~ETtt, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />doea hereby mortga®e, soli, grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fot-
<br />(owing destxfbed property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot Eleven (11), Janson Snbdieision, in the City of ^~and Island, Hall County,
<br />Nebraska.
<br />together with ail the tenements and appurtenances thereto belonging, ati [he rents, issues and profits thereof, and elf
<br />easeiesrrts, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />aU heatlrtg, piumbittg, refrigerarion, lighting, equipment and atl fixtures of every desc~riptian bctanging to the
<br />mortgagor now ar hereafter attaehed thereto or used in canneciion with the premises herein dtseritt and in addittott
<br />thereto the following de:cct•it?€d properties which are and shat! be deemed to be rxtures ;rtd a part c?f the r~lty,
<br />are a portion of the security far the indebtedness herein staled. (if none, state "none") Nano
<br />To=havcand to hold-the-same unto the Mortgagee, as herein provided;
<br />The mortgagor is lawfully seized and possessed of and has the right to soil and convey said property; that the
<br />same is free from all encumbrances except as hereinabave recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thereof against the claims of all persons whotttsaever.
<br />This instrument is given to secure the payment of a promissory note dated Oeeenher tom. ,~Ai _ „
<br />itr the: principal sum of S_ 3Q,. 000.00 ,signed by IS~i,~h D. & Helen M. t7breo-ht , _ ,_-.
<br />in behalf of ~~ermti~t vsp.,_ ___._.~__.~_.. _. _ __.~ ~__~_.~ -- _.., --- _ -..__ -
<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 ter by any method whatsoever, the entire principal sum and an:rued interest shall at ontro became due and
<br />pityabk at the etection of the holder hereof. Failure ro exercise this option because of transfer of title as above stated
<br />iii- it-statt~~shail ant constitute a waiver of-the right to exercise the same in the event oi' any subsequent transfer.
<br />1. The mortgagor covenants and agrees as follows.
<br />' a. '~ Nromptiy DPY the (udebtednsss evidenced by said promissory note at the times and in the rnanner
<br />- titcreiq provided.
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<br />b. Ta pay all taxes, assessments, water rates, and other governmental or municipal charges, tines, or
<br />" impositions, for which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />- Therefor to the said mortgagee..
<br />r. To tray such expenses and fees as in8y be incurred in the protection and maimettance of said property,
<br />i~ituJiFti{_-the-fees of any attorney employed by she mortgagee for the collection of any or ail of the indebeednesa
<br />hereby seeured, or foreclosure by mortgagee's ale, ;ar court proceedings, t?r in env :.uher tisigation c?r proccrtding
<br />affsstiro~,t property.
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