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i', 76- is 0000000ao= - _- _ - .
<br /> PTLe ftu!!mm aeuer,I B pplY Rime,Lincoln.Nebr.
<br />{y1 ` 52—HEAL ESTATE MORTGAGE.-(With Tax clause)
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<br /> wti KNOW ALL MEN BY THESE PRESENTS: That Richard C. Hiser and Max E. Leach,
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<br /> of Hall County,and State of Nebraska in consideration of the sum of
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<br /> l`s` . ($20,000.00vOGLARS
<br />�F Twenty thousand and'no/100
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<br /> in hand paid,do hereby SELL and CONVEY unto Five Points Bank, 2015 North Broadwell Ave.
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<br /> C ofthe city of Grand Island. I
<br /> of Hall County,State of Nebraska the following described premises situated
<br /> i';•,,. in Hall County,and State of Nebraska ,to-wit:
<br /> Lot five (5), in Wildwood Subdivision Hall County, Nebraska. 'r
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<br /> i; 4j The intention being to convey hereby an absolute title in fee simple,including all the rights of homestead and dower. I
<br /> TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, 11
<br />":u' unto the said mortgagee(s) and to his, her or their heirs and assigns forever,provided always,and these presents are
<br /> l',`,. I upon the express condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns !i
<br /> y' ji shall pay or cause to be paid to the said mortgagee(s),his, her or their heirs, executors, administrators or assigns, the
<br /> '1 principal sum of$ 20,000.00 payable as follows,to wit: !i
<br /> !i Said principal and interest shall be payable in 120 installments of I;
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<br /> $253.36 commencing on the 23rd day of March 1976 and continuing on the II
<br /> 'I 23rd day of each month thereafter until the note is fully paid, except j
<br /> ' that the final payment of principal and interest if not sooner paid .
<br />■'.�': 11 shall be due and payable on the 23rd day of February 1986. Delinquent I+
<br /> E'' I1 interest and principals after maturity shall draw interest at the
<br /> s ;J maximum legal rate per annum until fully paid.
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<br /> 11 with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these I,
<br /> VI presents and shall pay all taxes and assessments levied upon said real estate,and all other taxes,levies and assessments I
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<br /> ;1. i' levied upon this mortgage or the note which this mortgage is given to secure,before the sane becomes delinquent,and 11
<br /> ci iIj keep the buildings on said premises insured for the sum of $ loss,if any, payable to the said Ii �
<br /> is II martgagepst enAsis'p14rseii4s''to'be void,otherwise to be and remain in full force. I'
<br /> IT 14 FURTTIEI ("'r EE ,,t(t) That if the said mortgagor shall fail to pay such taxes or procure such in- II
<br /> surance,Re Sildt'tINee may pay such taxes and procure such insurance; and the slue so advanced, with interest II
<br /> r; ; at 9 per cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same. I
<br /> r7,, ` (2) That a failure to pay any of said money, either principal or interest,when the sane becomes due,or a fdiluro to ii
<br /> ''i I comply with any of the foregoing agreements, shall cause the whole sum of money herein secured to become due and {I
<br /> 1 collectible at once at the option of the mortgagee.
<br /> X1`0'li. Signed this oc 3 day of F� i Z
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<br /> 'fi In presence of ! f- 0�t L el'
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