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<br /> 1 I 58- REAL ESTATE MORTGAGE(Corporation)—With Tax ClauseTi,Hultman General Supply blouse. Lincoln.Nobe
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<br /> r KNOW ALL MEN BY THESE PRESENTS:
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<br /> 7 1, ' li f THAT Kelly Well Company, Inc. i
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<br /> a corporation organized and existing under and by virtue of the laws of the State of Nebraska et
<br /> •••;;::::;;;... 11. i consideration of the sum of Four Hundred Thousand and no/100 - - — DOLLARS 1
<br /> it in hand paid;does hereby SELL and CONVEY unto Commercial National Bank & Trust Co. '
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<br /> 11 of Hall County,State of Nebraska the following described premises situated i,
<br /> I in Hall County, and Slate of Nebraska , to-wit:
<br /> li Lots one (1) and eight (8), in Block one (1), in Nagy's addition to the city of
<br /> j Grand Island, Nebraska, and ;,
<br /> 11 Lots four (4), five (5), six (6), seven (7), and eight (8), of the County Subdivision j s
<br /> of the West half of the Southwest Quarter (WISW4) of Section ten (10), in Township ,
<br /> eleven (11), North, Range nine (9), West of the 6th P.M., and
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<br /> y li /''That part of Lot nine (9) of the County Subdivision of the West half of the South-
<br /> ;; ',west Quarter"'(WZSWg) of Section ten (10), in Township Eleven (11) North, Range
<br /> y .C...Nine (9), West of the Sixth P.M., bounded and described as follows, to Wit:
<br /> Commencing at the Southwest corner of Lot eight (8) of said county subdivision:
<br /> Running thence in a Southerly direction along the Easterly boundary line of Nagy's i
<br /> ; addition to the City of Grand Island, Nebraska, 89.7 feet; thence North 81 degrees:
<br /> t 4 , 33 feet`(variation 11 degrees 45 feet East) 458 feet to the Southeast corner of said,
<br /> :3 "I lot Eight (8): thence due West 497 feet along the South line of said lot eight (8); to ;
<br /> the place of beginning. ;
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<br /> t The intention being to convey hereby at absolute title in fee simple.
<br /> '" TO HAVE AND TO HOLD the premises above described,with all the appurtenances thereunto belonging unto
<br /> j I the said Commercial National Bank & Trust Co.
<br /> 1 and to its heirs and assigns forever, provided always, and these presents are upon the express condition i
<br /> that if the said Kelly Well Company, Inc. 'i'
<br /> or assigns shall pay or cause to be paid to the said Commercial National Bank & Trust Co.
<br /> no/100
<br /> 'RS heirs, exccuors, administrators or assigns, the sumuof Four Hundred Thousand and Dollars, payable as, • �.
<br /> s ; follows, to-wit: 100q((pF`}
<br /> Eight Thousand Five Hundred and no/Drs on the 15th day of April , 1976
<br /> Eight Thousand Five Hundred and no IDatrars on t c 15th day of each month there9lfter..
<br /> Dollars on the day of , 19
<br /> Dollars on the day of , 19
<br /> Dollars on the day of , t9
<br /> with interest thereon at 10 per cent per annum, payable monthly a4r n'ilfitif, according to the tenor
<br /> and effect of the one promissory rote MouthxintcttockxcaipiexxxKackmkof said
<br /> Kelly Well.Company, Inc.
<br /> bearing even date with these presents and shall pay all taxes and assessments levied upon said real estate and all other
<br /> taxes,levies and assessments levied upon this mortgage or the note which this mortgage is given to secure,before the i
<br /> same becomes delinquent,and keep the buildings on said premises insured for the sum of$400,000.00 , loss, if
<br /> any,payable to the said mortgagee,then these presents to be void,otherwise to be and remain in full force.
<br /> ;! I iT IS FURTHER AGREED, (1) That if the said mortgagor shall fail to pay such taxes or procure such insur-
<br /> ance,the said mortgagee may pay such taxes and procure such insurance; and the stun so advanced, with interest at
<br /> per cent shall be repaid by said mortgagor, and this mortgage shall stand as security for same. (a) That
<br /> } a failure to pay any of said money,either principal or interest when the sone become due,or a failure to comply with!
<br /> any of the foregoing agreements,shall cause the whole sum of money herein secured to become due and collectable '
<br /> at once at the option of the mortgagee.
<br /> iN WiTNESS WHEREOF,the said Kelly Well Company, Inc. ry
<br /> Juts hereunto caused its corporate seal to be affixed and these presents to be signed by,its •..'\ •.
<br /> this 3rd day of March A.D. 76 s' ` 3
<br /> LSigne ale and delive in res of
<br /> Kelly Well Companv4•Inc ° : :5.
<br /> By.. j7",%'� .
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