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i~tI~RTGA~~
<br />81- UaS16~
<br />~ ''
<br />~±• This mortgage made and.entered into this 10th- day,of December
<br />E' ? $Z and between Western 0i1 of Nebraska, Znc. '
<br />t € 9 by
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />mortgagee); who maintains an office and place of business at
<br />Ha1i County, Nebraska.
<br />(hereinafter referred to as
<br />_ street in Grand Island;
<br />WI9TiESSt?TH, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Fractional Lot Two (2), in Fractional Block One Hundred Twenty (1'20), in Railroad
<br />Addition to the City of Grand Island, and its compliment, to-wit: Fractional
<br />Lot Ttro (2) in Fractional Block Twenty (20), in Arnolds and Abbotts Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits theretF, and all
<br />casements,. rights; royalties, mineral, oil and gas rights .and profits, water, water rights, and water stack, and including
<br />all' heating, plumbing; refrigeration, lighting, equipment and all t5xtures of every description belonging to the
<br />•• mortgagor now: or hereafter attached thereto or used. in connection with the premises herein desCribGd and iq addition
<br />thereto the foilowitig described prbperties'which'are and shall be deemed to be fixtures and a pari of the realty, and
<br />arc a portion of the; security:fAr the indebtedness:.herein stated. (if-none, state "none") Nona,,-
<br />To have and' to hotd the same. unto the Mortgagee, as herein provided:
<br />The mortgcgor is (awfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from alt ettcumbrances 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
<br />in the principal sum of S?~~
<br />in behalf of Western 0
<br />the payment of a promissory note dated Deeermber 10, 1981
<br />~ ,signed by
<br />Nebraska, Inc.
<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-east estate is transferred, or contracted to be transferred, from the undersigned for any
<br />rote. or b'y troy method whatsoever, the entire principal sum anti accrued interest shall at once be.:ome 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 />in ottty lttee shall trot canatitute a waiver of the right to exercise the same in the event of any subsequent-transfer.
<br />1, Tho mortgagor covenants and agrees as follows:
<br />- ~ a• 'k"a`ptatpptly y-tlta indetttetlness evideneeci by said Rromissflry Hots at the times atsd in the manner
<br />therein provie)e?I;
<br />• b• 1"o pay all taxes, assessments, water rates, and other governmental or municipal charges, fines, ur
<br />itrtposiNotts; for which-provision has not been made hereinbefore, and- wifl prompHy deliver the official receipts
<br />therefor. to the, said mortgagee.
<br />424 West 3rd
<br />c: 'ro-peg such expenses and fees as may be incurred 4n the protection and maintenance of said property,
<br />inclttdit-g the fees of airy attexney employed by the mortgagee for the collection of any or all of the indebtedness
<br />hereby secured, or forer-osure by mortetagee's sale, or court proceedings, or in any other liti.ttttiun ur prex;€c~ding
<br />affes;ls`ng said property,
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