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<br /> �'a. 52-A—.REAL ESTATE MORfGAGE—(With Tax Clause) (Revlsed 1962) � 7Le xu8mm Ge::eral Supply House,Lincoln,Nebr. ;< �
<br /> �,.
<br /> ��� KNOW ALL MEN BY THESE PR�s�NTS: That BALL REAL ESTATE C0. OF KEARNEY� d
<br /> � Nebraska corporation ;,
<br /> z� . of B.U'f'�d�O County,and State of� �- N 0�b�T"d S i4 d � . ,in consideraUon of the aum of {�
<br /> ;( Four Hundred Forty Thousand ($440,000.00) and NO/�OO--------=----_D�LLARS �;
<br /> i� in hand paid,do hereby SELL and CONVEY unto C_ (�1, B U't'C 8 p f 7 2�C�� d 5 T r u s t e e a E#
<br /> ( a� $
<br /> 1' � �; � � � �
<br /> eE of �Q Ug�8 S County, State of N e b 1'd S k a the£ollowing�escri b e d premises ai t u u t e d �
<br /> �j in H d 1 1 County, and State af N@ b P d 5 k d .to-witc et
<br /> Y � i ,
<br /> Lots 1 through 5 inclusive, Reed's Subdivision to the City of �
<br /> ` �yp Grand Is7and, a replat of Lots 9 and 10 , Burch Subdivision, an k;
<br /> ?, Addition ta the City of Grand Island, Nebraska
<br /> � �Y
<br /> �''r Irr the event the real property which is the subject to a real estate
<br /> i mortgage securing the note is sold, or title thereto is conveyed by f;
<br /> 9� land contract, deed, such that equitable title shall be transferred
<br /> �; wh`ile there is due any amount hereunder, the holder hereof may at his °?
<br /> �� or its option adjust thE rate of �nterest payable hereunder ta reflect
<br /> ,; the average rate of interest then being charged on commercial second
<br /> '? mortgages being then offered by Mor America Mortgage Co. or its suc- �
<br /> �i cessors or by like real estate lending agencies or similar type �°
<br /> G; specializing in making similar second mortgage loans.
<br /> Is
<br /> 3k
<br /> t �3 • Failure to pay any installment of any prior mortgage on the
<br /> i� subject premises when due shall cause the whole sum of money `
<br /> herein secured to become due and collectible at once at the option ¢
<br /> i; of the mortgagee. �
<br /> . at �The�intention being to convey hereby nn absolute title in fee simple, including ull the rights of homestead nnd dower.� � 'E
<br /> �� � ��� TO HAVE AND�TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the suid� i� �
<br /> �- ;�� ' mortgagee(s)�end to his, her�or their heirs and assigna forever, pmvided always, and�these presents are.upon�the.expresa �+'
<br /> (�
<br /> ' �condition that if the said mortgagor(s),}iis,her or their heirs, executors, administratora or assigns�shall pay or cause to�be�
<br /> aY paid to the said mortgagee{s),his,her or their heire,executors, administrators or assigns,the principal suat of$ 44 0.,���.� #,
<br /> ��� PaYBble�as follows,to wit: . � � � �
<br /> � � ai � � . � . . f,
<br /> 179 monthly installments in the sum of $3,699.80 and a final install - <.
<br /> �'' ment of which shall include the entire un aid p
<br /> � e,ether with all accrued P Princi al balance to- ';
<br /> �t principal and interest. 1'
<br /> ; � „ �
<br /> F 3 <
<br /> �� j`
<br /> . t�
<br /> j{
<br /> ��
<br /> � (� at 9-1/2%
<br /> ' " with intereat�according to the tenor and effect of the mort a ors wrrtten
<br /> +P g B promiesory note bearing even date with these presente �
<br /> ! . BJ ��and�ahall pay all taxes an.d assessmenis levied upon saui real estate,and all other taxes,levies and assesements levied upon this �
<br /> � �k ��mortgege or Lhe note'which this mortgage.is given to secure, before the same.becomea delinquent, and keep the buildings on ��
<br /> ` � �'s said premises insured for the sum of $ 4 4 0 �Q��.�� . loss;if any,payable to the said mortgagee, then these presents .:�
<br /> � W be void,ntherwise to be and zemain in full torce. � W 1 tIl l fl � 5 dd,YS � � �� �
<br /> � ➢� IT IS FURTHER AGREED (1) That if the,said mortgagor shall fail to pay�auch taaea or procure such insurance, the
<br /> � said mortgngee may pay auch taxes and procure such insurance; end the aum so advanced, with interest at �2% Per
<br /> . �� �cent,ahall be repaid by eaid mortgagor,and,_t�i����gaqeSah�Ia�nd as security for the same. (2) That a failure to pay any ��
<br /> �� of said money, either pxincipel or interest,fw en t e same bec a due, or a failure to comply with any of the foregowg `i
<br /> � y,
<br /> ;� ���'�agreements,shall cauae the whole sum of mottey herein secured to become due and collectible at once�at the.option of the
<br /> , .�mortSagee. . . .
<br /> .� sSgr,ea chia 1 s t aay or J u 1 y ��L' F �!v 7 7 .
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<br /> ' . 'I STATE OF.---H.E�.E�ASKA.........:...-�---... � •
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<br /> 8efore me,a notary p�x}ilic qualified for s ' �� �I�.S�tae P d t T'7 C k J. F a d e n , P re s i d e n t
<br /> ;� � of Ball Rea] Es'tate Co. of ey,y„ ,�� ' r, �
<br /> � kaown to me to be the identical person or p w� �`�$ kh � oin instrument and acknowled ed tt,e e x e c u t a o n i
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<br /> E � . R �- Witness m haad a .c.] notari�al aeal on ........ ��� -'�r�R���" ^... .�. ._..._-.•---....,1 S' �._. . . y1 . . -
<br /> '� thece�f io }w 2�ts her or t3�eir voluntar aci a �
<br /> , ' �� MY commnseion e:pises�'�."'."v':S�_.:�-� ------.�. !!�.. � �; .�.--���ra.------_ - •-•-- -N tarY Pubhc � . c
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<br /> � STATE'QF:... ,.:._...... . .:. ......�_ .._.... 1 Entered on nuznerical indes and Sled for record • ' ","",
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<br /> , ����.. Councv � �...__ �.� . j . . . m the Register of Deeds Oflice of�said Count �the � �:� � � 'x
<br /> � .day of..__ 19 at ...:_.o clock and :minutes . .---•-M t� 't" 4.
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<br /> aad xecorded in Book _........ ..:...... ....of._... ._....... ... ......at page-•- •-•----- --••-------.... ,.i _ r., -
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