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<br /> � 58-A—REAL ESTATE MORTGA�GE (Corp.)—With Tax C7ause(Revised 1962) Te Fluffa,nn Cecersl Suppiy Houso.La,wm,Nubr. j� �� �
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<br /> ;i KNOW ALL MEN BY THESE PRESENTS: That Skate Island, IC10.
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<br /> �. �� �, . a corporation�organized.and existing under and by virtue of�ihe laws�of t}�e g�tc of N@bT'8S1S8 � .. ..- � dj
<br /> �� �>n9saeratsan oe the 5�,or S�venty Six Thousand Five Hundred Twenty Seven & 20/100-naLLaRs f�
<br /> xn hana pa�d,does he=Qby sELL and cotvvEY unco Cornmercial _iVational Bank & Trust Co., Grand
<br /> '� Island, Nebraska '`
<br /> �s ���of ���H111���� � County,�State of . :NC1�Y'2.51{a � � � � the following dexribed ptemises.&ituated �� s�
<br /> �; ;n Hall Co�ty,a��a state of Nebraska 3 ,2to-wic: A tract of ��
<br /> i� land located in the NortheastQuarter of the Northeast Quarter (NEqNE4) of Section ��
<br /> �. Twelve (1?), in Township Eleven (11), North, Range Ten (IO) VC'est of the 6th P.Nt., mo e.;
<br /> �i particularly described as follows: Commencing at a point 428 feet South of the Northeast ��
<br /> R� � corner oF said Section i2; thence south on the East line of said NE4NE4 a distance of 32 I;
<br /> + feet; thence westerly and parallel to the north line of said NE4NE4 a distance of 418 fee ; �J
<br /> ;> � thence northerly and parallel to the east line of said NE4NE4 a distance o£ 328 feet; the c�;
<br /> �! easteriy and parallel to the north Iine of said NE4NE4 a distance of 418 feet to the point �'
<br /> }' of beginning and continuing 3.14 acrss, more or less, of which 1.25 acre more orless i fi
<br /> �; countyroad right�of-way; and a tract of land located in the Northeast Quarter of the iVa th�
<br /> 3t east Quarter (NE4NE4) oF Section Twelve (12), in Township Eleven <11) North, Range T n��
<br /> i; (10) W est of the 6t11 P.M, more particularly described as Follows: Commencing at a poyntir
<br /> �a 756 feef south of the northeast corner of said section 12; thence south on the east line oft �;
<br /> ; said NE4NE4 a distance of 90 feet; thence westerly and parallel to the north line of said� z`,
<br /> yi NE1NE4 a distance of 418 feet; thence northerly and parallel to the east line of said NE4 ;`
<br /> �{ NE9 a distance of 90 feet; thence easterly and parallel to the north Line oF said NE4NE4 � ��
<br /> ' distance of 418 feet to the point of be�inning. � �
<br /> s �` � The intention being to convey hereby an absolute tit e in fee simPle. � . . � � y`
<br /> � �s
<br /> �:.� +t TO HAVE.AND TO I30LD the premises at�ve described, with all the appurtenances thereunto belonging unto the said�� �
<br /> �� Skate Island, Inc.
<br /> ; �� �
<br /> �'d� LtS heirs and assigns forever, pmvided always, and these presents are upon the express coadikion�that if the� � ,
<br /> �� �d Skate Island; Inc. �
<br /> i,�� � �;
<br /> !a :� or assigns shall puy or cause to Ue paid to che sa;d Commercial National Bank & Trust Co..
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<br /> � t� heirs,execuWrs,administrators or assigns,the suni of Seventy Six Thousand Five Hundred Dollars,payabte ae �+
<br /> 7 ` to noWa,co-w;t: Twent y Seven and 20/100 - --- i'
<br /> ° � Current interest only due on ���the 15th dey oF May . 1s 78 'E `'
<br /> yi �and each May 15th thereafter; and interest �a3ie�vuxt:�x aay oi , 1s � ��
<br /> �; plus $2,000 Princip�l payment will be made �3odfa�acuct� day of , is �x
<br /> � on following months oF June, July, Augi�st, riastlxncxvaxl+m� day ot , 1s �°
<br /> % Sep tgmber, O��kobe�- 197 and each subse �aa�tarxtta�dsex aay of , is �
<br /> !' qw'�t,t;lY ���'tt}�4�T�2��aad'in F�J.e�nr '
<br /> �y i n e . . per annum, payable aS above � xismtm�;�c�ordi�,g ro the tenor and effect � t^
<br /> �r.� of the � � promissory note . witli interest cuupoixs attached of said Skate Island,� IriC. . . ^
<br /> � Ii
<br /> t} �. bearing even date with theae presents and ahall pny all taxes and assessments lcvied upon said zeal estate�and all other taxes,��� �j
<br /> t . levies and�assessments levieci upon Lh.is mortgage or the note which this mortgage is given to secure,before�tl�e same becomes �
<br /> �j . delinquent, and keep the buildings on said premises insured for the sum of$ ❑/a , losa,if any, payable to the . °�
<br /> � ' �said mortgagee, then these presents to be void, otherwise to be and remain in full force. � � � �!
<br /> a !j � IT IS FURTHER AGREED, (1) That if the said mortgagor ehall fail tu pay such taxes or procvre�such insuranco,�the �
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<br /> �t . ��said mortgagee may pay such�ta�ces and procure such�insuran ce; and tt�e sum so advanced, with interest at� �per �. k°
<br /> � cent ehall be repaid by said mortgagor,and this rnortgage shall stand as security for same. (2) Thut a failure to�pay�any of�� �
<br /> j� � said money, either principal or interest when the same �becrome due,or a failure to comply with any�of the foregoing agree-� •,
<br /> j�� ments,.shall cause the whole sum of money herein secured to become due and collectible at once at the option of the mortgagee. ��
<br /> x' IN WITNESS WHEREOF, the said Skate Island, Tnc. ;�
<br /> �' has hereunto caused its corporate seal to be affixa.�d and these presents to be signed by its President �� !
<br /> '` 5th f October , is 77.
<br /> I ttiia ,
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<br /> ! ,s ed d " ered"' resence F SKA TE ISI61 ND� InC. ;
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<br /> "' `� STATE OF....:....Nebraska......... ._:.., County of_.... 11 ...... �f
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<br /> � fk � Before me,a notary public qualified in said c�unEy, personalty came " �
<br /> §i .+.. .. � ._ � � Presidant of� ii �.. .. .
<br /> ,� Jerry Anderson {
<br /> � ,a cor�.wra.ion� �
<br /> '1 Irnowu to meta be the president and identical peraon who signed the foregoing instrument, and acknowledged. the eaecution ��. f� �
<br /> � �i �-:thereof to be his��vgluntary act and deed as such ofi'icer and the.voluntary act and deed.of said corporation and that its cor- f,
<br /> , q� porate seal was thereto afi'ixed by its�$PPRS@'•JOHN � �f t
<br /> S� Witness my hand an8 notanal seali��t NC�TARY, /G?.-� �......_..... . . 15,� � f1 , �.
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<br /> ;.. �b 1VIY commission exp��,.es...--�.,... �:!��f,;,,ts.���x�S+�fuus. � � .����G=c.:�.*....:�-�.s!�:'.t:.-.� ... ...Notary Public. i� ~.y,..�i�, "`�
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<br /> � � STATE OF Eatered on numerical indez and filed for record y� ' �„�;
<br /> � County , }�� in the Register of Deeds OHice of said County the ;° '
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