|
I~IQRTGAGE
<br />This'mortgttge made and entered into this 18th ~y of; I)ecetober _
<br />19 81 , by and between Town & Country Realty'. of Grarid Islsrid
<br />(hereinafter referred to as mortgagor) and Commercial National Bank and Trust Company
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at eza wPSr ~,-a street in Grand dsland,
<br />Hall County, Nebraska.
<br />WITNESSETH, 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 />Lot One (1), Two (2), and Five (5), Block Cline (9), Lamberts Addition to
<br />the City of Grand Island, :tall County, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all [hr rents, issues and profits thereat, and all
<br />easematts. rights, royalties, trinerak, oil and gas rights and profits, water, water rights, and water stt~k, and including
<br />all heating, plumtrin$, refrigeration, lighting, equipment and ail fixtures of every description belonging to the
<br />mtrtgagor now or hrrtafter attaehrti thereto ur used in connection with tht premises hercin described attd in addition
<br />thereto the following descr}bed properties which ire t~tnd shall he deemed to he fixtures and a part of the realty, and
<br />at^~ a portion cif the purity for the irtdrbtrdnrss herein stated. fIf ntatre, ytatr "none") None
<br />Tta have to bolt! t_h_C a unto the !Mortgagee; as herein pravidrd;
<br />The mortgagor is tawfutty seized and possessed of and has the right to ,ell and convey said property; that the
<br />same is free from all eneumbranres except as hereinabave recited; and that Mungagor covenants to warrant and
<br />defend the title aforesaid thtteta and every par[ thereat' against the claims of alt persons whamsc~vrr,
<br />This it~etrurnent is given to secure the payment of a pramissary note dated December 18, 1981 _
<br />in the principal cum of S___,aO,a.Q.gO..QQ _, signrcl by eFred M, ~niach, President
<br />in behalf of ~.-- ~.. a t~untznr ttaealty of G7'#1`CtSi. I and __a _._..-_._._ _._.~,_ . __~. _ ,E_ __. _.______ _
<br />also, as such note or notes may from tithe to time he matlitied, renewed ar attended in writing.
<br />In the event the title to said real estate is transferred. or tiantractrti to be tranxfrrted, from the undersigned for any
<br />reason or by any metbad whatsoever, the entire principal sum and accrued interest Shall at unee became due and
<br />payable at the election of the holder hereof. Faiturr to exereise this option because of transfer of title as above stated
<br />in one inatanee shall hat constitute a waiver of the right to exrreise the same in the event of any subsequent transfer.
<br />1, The rnot'~agor covenant, and agrees as fottaws:
<br />a, Te promptly pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />therein prt[vitied,
<br />b. Ta pay alt taxes, assessments, water rates, and other governmental or municipal charges, tints, ut
<br />impositions, for which provision has hat been made hereinbefore, and will promptly deliver the oi'1'icial rc~ripts
<br />therefor to the said mortgagee.
<br />e. To pay such expenses and fees as may be incurred in the protretiun and maintrnuncr of ,aid rrccprrts.
<br />including the fees of any attorney emptayrd by the tnartgagee far the collection t>f' .thy or al! of the indebtedness
<br />hereby secured, ar i'areclasurr by ntortgager's sale, e,r court proceedings, ur in env other Pitigatiun .x' pn~ces~iini
<br />affecting said praprrty,
<br />
|