|
1 �
<br /> 77• 4)n���-�S PURCHASE MONEY REAL ESTATE MORTGAGE
<br /> THE PLATTER RESTAURANT, INC., a Nebraska corporation, Mortgagor,
<br /> in consideration of FORTY-EIGHT THOUSAND DOLLARS ($48,000.00) ,
<br /> ( mprtgages to ROGER L. ROEPKE and ROSEMARY A, ROEPKE, husband and wife, 1
<br /> as joint tenants and not as tenants in common, Mortgagees, the (
<br /> following described resl estate situated in Hall County, Nebraska:
<br /> Lot Two (2) in Roepke Subdivision in the City of Grand
<br /> Island, Hall County, Nebraska, being a part of the
<br /> Southwest {2uarter (SW�) of Section Twenty-Two (22) , in
<br /> Town�hip Eleven (11) North, Range Nine (9) West of the
<br /> 6th P.M. , in Hall County, Nebraska, as surveyed,
<br /> platted and recorded, excepting therefrom a certain tract
<br /> of land more particularly described in a Warranty Deed
<br /> recorded in Book 169 of Deeds, at page 630, in the Office
<br /> of the Register of Deeds of Fiall County, Nebraska.
<br /> This is a purchase money mortgage securing part of the con-
<br /> eideration for the sale and conveyance of the real estate by
<br /> Mortqagees to Mortgagor on or about the date of this Mortgaqe.
<br /> This Mortgage is given to secure the payment of the principal aum
<br /> of $88,000.00 and interest from December 19, 1977, at 8 percent per
<br /> annum on the unpaid balance of principal, payable in installments
<br /> according to the terms of a Purchase Money Promissory Note dated
<br /> December 19, 1977, executed and delivered by Mortgagor to Mortgagees,
<br /> the principal and interest being payable in installments as follows:
<br /> 512,000 .00, with interest, on December 19, 1978;
<br /> S12,000.00, with interest, on December 19, I979;
<br /> $12,000.00, with interest, on December 19, 1980; and
<br /> $12,000 .00, with interest, on December 19, 1981.
<br /> The Purchase Money Promissory Note provides time is of the
<br /> essence of the Note and if default is made in the payment of any
<br /> installment of principal or interest, the holders of the Note may,
<br /> without notice or demand, declare the entire principal sum then
<br /> unpaid, together with accrued interest thereon, immediately due and
<br /> payable. Upon default of any installment of principal, the unpaid
<br /> installment of principal bears interest at the highest leqal rate.
<br /> Mortgagor agrees to pay all taxes and assessments upon the
<br /> real estate and all other taxes, lev�.es and assessments levied
<br /> upon this Mortgage and the Note which this Mortqaqe is given to
<br /> secure before payment is delinquent. If Mortgagor�fails to pay the
<br /> taxes and assessments before delinquent, Mortgagees may pay the
<br /> taxes and assessments or other liens and is given a lien secured by
<br /> this Mortgage for the amounts advanced with interest at the highest
<br /> leqal rate.
<br /> Aiortgagor agrees to carry fire and extended coverage insurance
<br /> •
<br /> -1-
<br /> U
<br /> �w
<br /> t
<br /> � � � � � �µ,
<br />�
<br /> � J
<br />
|