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<br />� .. . ; �7M U (a 110 �
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<br /> � j'� favor of Equitable Building and Loan Assaciation in the original
<br /> 1 { ; amount of $ 50 , 000 . 00 , < dated on the Z9 day of september
<br /> 1932, recorded in book i59 at page �7 . �
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<br /> � ,� ' This , Mortgage is given to secure the payment of the
<br /> � principal sum of $ 292 , 661 . 55 and intarest thereon , according
<br /> } , � to the terms of a certain Promissory Note of even . date , executed
<br /> � by the Mortgagor to the Mortgagee, with the final payment ` be-
<br /> � cominq `dne on the Zst day of Becember, 1986 .
<br /> �
<br /> �:; - �
<br /> � ` " a The Mortgagor further agrees to maintain insurance �
<br /> � upon the above described premises in an amount not less than
<br /> the fair market value of the improvements with a loss-payable ,
<br /> " clause in favor of Mortgagor and Mortgagee as their interests
<br /> ` � may appear : The Mortgaqor aqrees to pay all taxes and assess=
<br /> . .ifi ments upon said premises and all other taxes , levies ° and
<br /> ; assessments levied upon th3s Mortgage and the Note which - this
<br /> ; Mortgage is given to secure before the same become delinquent .
<br /> ; � In the event the Mortgagor shall fail to obtain such insurance
<br /> .: � or pay such` taxes before delinquent , the Mortgagee may purchase
<br /> such , insurance and pay such taxes or other liens and shall
<br /> � have a lien secured hereby for the amount so advanced with
<br /> ; interest thereon at the rate of eleven per cent per annum .
<br /> ,
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<br /> � In the event the Mortgagor defaults in the a
<br /> p yment
<br /> ` � of said indebtedness or any installment thereof , or fails to
<br /> � perform ' any of the other agreements herein , the Mortgagee at
<br /> � his election may declare the entire debt secured by this
<br /> , : � Mortgage to be due and collectable at once ; and may forecloae
<br /> ` � this Mortgage Eor the satisfaction thereof . Provided , however , �
<br /> � Mortgagee does hereby grant Mortgagor the privilege of delaying '
<br /> ; any one ( 1 ) annual principal payment due hereunder for a period
<br /> of one ( 1 ) year . In the event Mortgaqor shall. so elect , then
<br /> ? it shall notify Mortgagee prior to interest payment date of
<br /> , � its election to do so , stating the reason therefor and provide
<br /> jMortgagee with copies of its annual and quarterly reports pre-
<br /> � pared by its accountants . The privilege hereby granted may be
<br /> . , exercised only once unless the delayed annual payment has been
<br /> ; reinstated by making such delayed payment in addition to all
<br /> � � � other payments then due . At such ti.me as Mortgagors are current
<br /> on all principal and interest payments the privilege hereby .
<br /> ' qranted shall be reinstated .
<br /> :.;;; ,;
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<br /> ' Signed this� day of ���'-V , 197� '
<br /> 1 �
<br /> � GRAND ISLAND BOTTLIN�G�COMP
<br /> I . .STHTF'.. ��' I O�itii ,_ I �
<br /> j C UU21TY OP Pr.G1. _ � ��/2�
<br /> q . . . 1.-> � � ♦ � . . - .
<br /> ��
<br /> � •' ( �'; ''' < r bert E . Tyler , P ident
<br /> � �� � � � ' ' Be#'ore mo � r� 1lotar�,� public quulif � ed inn said Cou. •y ,
<br />� � ;?„�� ��siall cam� Robort E . Tyler� , president oa rr ��nd Tsl�nd
<br /> � ' : �? � ' at,tlin� Company , a corporation , :mozan to me to bo the president
<br /> u : c ,[ () t�� �d; identical persor? ti?ho si�ed the �orogoing ins �i• umen� and
<br /> • • -� aEjtxla:-rl•ed�od the execution thereof to be his voluntaxy act Knd
<br /> # �! , ae'ed �s such officor u.nd the voluntAr�+,� act rsid deed of said ;
<br /> 4 ''; �;' , � ,.,�, aotporation .
<br /> n ! . . , I
<br /> 9 �
<br /> 4 „ i -.. .�yp � � '� �. .
<br /> 3 .
<br /> i Y � l•? itr.ess my han�i t�nd NotariaZ Sea1 on ?� obruary 21 , ," � � '' }
<br /> 1977 • �
<br /> � � � � � , ' .
<br /> � �`x
<br /> � ,l. �/> , ,. �
<br /> . r ' Ivotary pu c .
<br /> T•1;� Comm3. ssion expires ; �
<br /> ` . .��57"...�'�rl O � _ .
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<br />� �,S,t:s; . - z - � ___l
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