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<br /> 00.08'74
<br /> 52.A-REAL ESTATE MORTGAGE-(With Tax Clause) (Revised 1962) The Busmen General Supply House,Lincoln,Nebr.
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<br /> 11 -bated February 6, 1976 p
<br /> KNOW ALL MEN BY THESE PRESENTS: That David R. Smith and Judy L. Smith, his wife 1
<br /> of 242 N. Custer, Grand Island, Nebraska 68801 II
<br /> 1: of Hall County,and State of Nebraska ,in consideration of the sum of
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<br /> DOLLARS !i
<br /> Nineteen Thousand Nine Hundred Ninety-two and 60/100
<br />'.; in band paid,do hereby SELL and CONVEY unto MILES HOMES, INC. OF NEBRASKA
<br /> 4500 Lyndale Avenue North, Minneapolis, Minnesota 55412
<br /> �l of County,Slate-of Nebraska ii
<br /> the following described premises situated 11 ii
<br /> ' 1) in Hall Count and State of ,in-wit County, Nebraska II
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<br /> 4! Lot Five (5) Ross Heights Sub-division, Hall County, Nebraska
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<br /> t Subject to easements, restrictions and covenants of record.
<br />"" ))1 OPEN END FEATURE: In addition to this mortgage standing as security for the performance !i
<br />+_'� ;j of the provisions hereof and the payment of the note, this mortgage shall also stand as
<br /> II security for any and all future advances made by the holder of said note to the Mortgago ,if
<br /> 11 in any amount so that the total principal herein does not exceed $35,000.00, and the holrex
<br /> ,1 of the note and Mortgagee herein is hereby given authority to make any such additional 1
<br /> I advances to the Mortgagor, herein upon request of the Mortgagor, or either of them, and
<br />▪ f{ such additional advances shall be secured as the original obligation herein evidencedIi
<br />,;▪ p1 by the note. Such limitation upon the total amount of principal shall not be considered 11
<br /> ` {` as limiting the amount secured hereby when advanced to protect and preserve the security
<br /> intended to be given by this mortgage.
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<br />- jj The intention being to convey hereby an absolute title in fee simple,including all the rights of homestead and dower,
<br /> ' TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging,unto the said ij
<br /> S mortgagee(s) turd to his,her or their heirs and assigns forever, provided always, and these presents are upon the express j
<br /> 11 condition that if the said nuulgngar(s),his,her or their heirs, executors, administrators or assigns shall pay or cause to be ;
<br /> II. paid to the said mortgagee(s),his,her or their heirs,executors, administrators or assigns,the principal sum of$ 19,992.60 11
<br /> ' P payable as follows,to wit: 1
<br /> Principal sum of $19,992.60 shall be paid by ppying interest only lnrr)Qnthly installment �i
<br /> r:;l i of $122.07 per month commencingon Jul 1, 1976 and continuing o ��,�,t ay of each
<br /> 1j and every month thereafter except thaty on the 1st day of April ^b, a. payment ',j
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<br /> " consisting of the entire principal balance together with any Wald teres cA all be
<br /> �1 due in full. •m ' �l
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<br /> with interest according to the tenor and effect of the mortgagors written promissory note b Teven date hese presents �!
<br /> if and shall pay all taxes and assessments levied upon said real estate,and all other taxes,levies ett5ispitn evied upon this
<br /> mortgage or the note-which this mortgage is given to secure, before the same becomes delinquenC'S eep the buildings on
<br /> mid premises insured for the sum of S 19,992.60 , loss,if any,payable to the said mortgagee,then these presents
<br /> to be void,otherwise to be and remain in full force.
<br /> 1i IT IS FURTHER AGREED (I) That if the said mortgagor shall fail to pay such taxes or procure such insurance,the
<br /> said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 8 3/4 per
<br /> cent,shall be repaid by said mortgagor,and this mortgage shall stand as security for the.same. (2) That a failure to pay any q
<br /> i; of said money,either principal or interest, when the same becomes due, or n failure to comply with any of the foregoing
<br /> agreements,shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br /> mortgagee.
<br /> .I Signed this � � day of -�ai..o 19�L
<br /> x .X11.:-.6.,!_d-a-,'
<br /> In presr�rc` of i ' 1
<br /> avid R mi
<br /> X s LrSniith , V JE R.ROSS
<br /> Ii.,.-;, I`. CI r • t' CENERA
<br /> ' ;; ,i .iL,rt_v...//fCounty GENERAL NOTARY
<br /> ti STATE OF.. .. rv_.r.-= of _ ..._�' L,tY __. .
<br /> Before me, a notary public qualified for said county, personally came r•, d Stele of Nebraska .
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<br /> r'1 :FussiaN
<br /> David R. Smith and Judy L. Smith, his wife tiYCatt... y. a,isoEXPIaES
<br /> i=, ( known to me to be the identical person or persons who signed the foregoing ins cnowledaed r
<br /> thereof to be his,her 6r their voluntary act and deed. / ="'"""--
<br /> r ISI Witness my hand.and mi 'al seal on.... . .- e:. 4_,...,-.,-.(7,/ 'lx''. .19.. / Notory
<br /> bl/ flax.cl.. Pu icMy commission expires:.._. -ua�s,lrle./ 19/ � '�
<br /> li -STATE OF Entered on numerical index and filed for record
<br /> 1 - }ss' in the Register of Deeds Office of said County the 'l
<br /> 'jr' �f .County
<br /> -` a ......day of 19 , at.__.-.-_......_ .._......o'clock and minutes M., -
<br /> 1! and recorded in Book of at page
<br /> • ,! Drafted By: Reg. of Deeds
<br /> MILES HOMES, INC. OF NEBRASKA By Deputy
<br /> • )! 4500 Lyndale Avenue North
<br /> Minneamoli , MN 55412 .__._
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