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<br />MORTGAGE
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<br />83-001528
<br />
<br />r
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<br />This mortgage made and entered into this 31st day of March
<br />19~, by and between Gregory T. Austin & Gay L. Austin, husband and wife
<br />
<br />(hereinafter ~referred to as mortgagor) and Commercial National Bank and Trust Company
<br />
<br />mortgagee), who maintains an office and place of business at
<br />Hall County,Nebraska,
<br />
<br />424 West 3rd
<br />
<br />(hereinafter referred to as
<br />street in Grand Island,
<br />
<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 />
<br />The Southerly Sixty Six Feet (66') of Lot Eight (8) and the
<br />Southerly Sixty Six Feet (66') of the Easterly Nine Feet (9')
<br />of Lot Seven (7) in Block Sixty Nine (69), in the Original Town
<br />Now City of Grand Island, Hall County, Nebraska
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<br />together with all the tenements and appurtenances thereto belonging. all the rents, issues and profits thereof, and all
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and all fixtures of every description 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 shail be deemed to be fixtures and a part of the reahy, and
<br />are a portion of the security for the indebtedness herein stated, (If none. Slate "none")
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<br />To have and to hold the same unto the Mortgagee, as herein providi:d:
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<br />The mortgagor 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 theft'of against the daims of ail persons whomsoever.
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<br />This instrument is given to secure the payment of a promissory note dated March 31, 1983.
<br />in the principal sum of $ 39.000.00 , signed by Gregory T. Austin & Gay L.
<br />in behalf of themsel ves ~______..______..____,_.A~~t:L~.,__
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<br />also, as such note or notes may from time to time be modified, renewed or e"tended in writing,
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<br />In the event the title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />n:lISOII or by any method whatsoever, the entire principal sum and accrued interest shail at once become 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 />inQlle instance shall not constitute a waiver of the right to exercise the same in the event of any subsequent transfer,
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<br />L The mortgagor CQvenant.s and agrees as follows:
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<br />l.;
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<br />a, To promptly pay the indebtedness evidenced by said promissory note at the limes and in the manner
<br />t1lerein provided.
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<br />b, To pay all taxes, assessments, water rate>, and other governmental or municipal charges, rines, <>r
<br />impositions, for which provision has not been made hereinbefore, and will promptly deliver rhe official receipts
<br />therefor to the said morl$.lll!ee,
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<br />c, T.o pay such e~pense\ and f= as may l>e incurred in the protection and maintcnan,'c of ,tlld properlY,
<br />indudit'lg the f_ of any attorney employed by the mortgagee for the colll.'Ctioll of anv "f all of the illdcbtcdnc"
<br />oo('by \ccured~ Of foredu'\ufe hy Hll)ngasce's sale, or C{)UfllH(l(:c~ding\. or in an\ Ptt~et IHip.atkm tl! flh.).,,'e\'dlll}!-
<br />affe.;llnl! ".id propen)'.
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