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<br />� � __.�$88ZL_..$TATgJOURNALCOtAPANY LINCOLN.NEB. . . _... _. . _�.. _. .....-_ ..._.:.._ ..-:._-._-,'_.' ._---_-__ ..._--:_. _._--,.._.�._�..-.___-___ - _..�--�.-__.r_'_'-._-
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<br /> CONTRACT
<br />� KNO`l� ALL �dEN BY THESE PRESENT�:that,V�HER�AS,I have tY�is day a�pointed Grand Island Loan &
<br /> Trust �5f Grand Island,Nebraska,my agenta to procure for me a loan of �50,0�0. 00 for �he term
<br /> of five �ears at 6 per cent per annum,payable semi-annually,to be se-�ured by a fir$t �ortgage
<br /> upon the follo�aing described real estate in the County of Ha11,State of Nebra.�ka,to_wit:
<br /> Lot �;arnd fraction�.l paxt of Lot 6 Block 105,Railroad addition,
<br /> NO�f THEREFORE,in consideration of their services in ne�otiating the said loan,and for
<br /> examining or causing to be examined the above described premises,and for investigating the
<br /> title thereta ,as shown by the abs-Gract of title to be furnished as hereinafter provided,I do
<br /> hereby promise and agree to pay to said �rand Island •Loan � Trust or order,the sum of �375o:ON
<br /> ( or a pro rata sum for and amount more�or less which they may procure at my request) ,payable !
<br /> when loan is ma�de, �nd I hereby authori2e said Grand rsland Loan & Trust to procure at
<br /> my expense a complete abstract of title to the land above proposed as security,to pay all re-
<br /> cording fees,to pay off all liens,real or apparent ,upon the said premises,and to deduct a7. 1 .
<br /> moneys so advanced,from the proceeds of said loan. �
<br /> I FURTHER AGREE,for the purpose of further �seeuring the said loan,to furnish and deliver
<br /> to said Grand zsland Loan & �rust a policy of •insurance for �54,004. 00,covering the buildings'; �
<br /> upon the said premises, in such insuranee oompany ae the said Grand Island Loan & '�ru�t shall ''
<br /> approve of,said poiicy to be payabZe in case of loss,to the �dortgagee or his �.asigns and upon;�
<br /> my failure to do so I hereby authorize the eaid Grand Island Loan & Trust to procure such
<br /> insuranee and to deduct the premium thereon from the proceeds of my said loan. '
<br /> I FURTHER AGREE TO EXECUTE ��pers on the forms used by the m,and to pay interest from the
<br /> date my applieation is passed upon and. my security approved,and if said Ioa� falls iahrough an�
<br /> act or neglect of mine,or by reason of imperf eet or defective title,I promise and agree to pay
<br /> said Grand Island Loan & Trust,of Grsnd Is,tand,Nebraska,my true and la�oful attorney,for me
<br /> � �
<br /> in my name,place and stead to receiv,e from said Grand Island Loan & Trust the proceeds of saiid
<br /> loan,and to apply same as �.irected by them,in the payment of taxes,existing tnortgages or any •
<br /> other liens �hieh there may be against the said premises and whicy by the terms of �his con- •
<br /> tract ,are to be removed or paid off and released,hereby authorizing the said Gran d Tsland Loa1n ""
<br />� & `�rust �o men�d aIl papers,drafts or money to my said attorney,who ia hereby authorized to re�-
<br /> ceipt for same in my name,hereby ratifying and eonfirming all that he,my said attorney,may
<br /> lawfullp do by virtue �iereof,in connectian with the eaid trans�.ction,
<br /> �itness my hand this Fifth day of �ctober,A. D. 1925.
<br /> In presence of:
<br /> (9igned) VPalt er D. Boyll.
<br /> C. '�. Mead
<br /> State of Nebraska : SS.
<br /> Douglas Gounty :
<br /> C.�. Mead,being first duly sworn,upon oath depo�es an d says that he is ' ,
<br /> an agent of the Grand Island Loan & Trust Company,a Gorpora.tion,of Grand Island,Nebraska,and
<br /> that the foregoing is a true and correct copy of a contract entered into bet�een �'alter D. Boy�.l .
<br /> � �
<br /> a�d the Grarid I sland Loan & Trust�f'6r �he making of a loan of �50,000, on real estate describe�d
<br /> as Lot 5,and the fra.ctional part of Lot 6,Block 105,Railro�a Addition to the City of Gran d
<br /> �sland ,and that the Gran d Island Loan & Trust Company,claim by virtue of said contract the
<br /> right to make the loan described therein the amount of �50 �0�. 00 and to reeeive therefor
<br />. the commission for negotiation of said loan of the surn of �3750. 00.
<br /> Further this a.ffiant saith not. ,
<br /> C. �. �ead
<br /> SUBSCRIBED AND S`NORN TO BEFORE ME THI3 ��d day of November,1925. � '
<br /> i _ �
<br /> � E.B. Morcom
<br /> '' My Commission Expires August 9th,1929. Notary Public.
<br /> � Filed for record t�is 4 day of November 1925,a'� 10 o'clock A. M. . '
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<br /> Register of Deeda � . ',
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