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<br /> � 7'6- f�U4132 .
<br /> • "' FIRST, 'PURCHASE MONEY REAL ESTATE MORTGAGE
<br /> KNOW ALL MEN BY THESE PREMISES: That Carmen Libman and Barry Libman, her
<br /> husband, Lee Libman, now unmarried, and Adrienne Libman and Michael
<br /> Libman, her husband, of Marathon County, and State of Wisconsin,
<br /> � herein called the Mortgagor, in consideration of the sum of Two Hundred
<br /> , i Twenty Thousand ($220,000.00) -------------------------------DOLLARS
<br /> in hand paid, do hereby SELL and CONVEY unto Nielsen-Petersen, Inc.,
<br /> a Nebraska corporation of Hall County, State of Nebraska, the following
<br /> described premises situated in Hall County, and State of Nebraska, to-wit:
<br /> All that part of the East�Half of the Southeast Quarter
<br /> (E�SE'�) of Section Ten (10),Townsl�ip Eleven (11) North, Range
<br /> Nine (9), West of the 6th P.M., lying South of a line drawn
<br /> ' parallel with and distant 400 feet southerly from the center
<br /> line of the-South Main Track o£ the Union Pacific Railroad and
<br /> West o£ a line drawn parallel with and distant 455.45 feet West
<br /> from the East line o£ said East Half of the Southeast Quarter
<br /> (E'�SE'�) of said Section Ten (10), and containing Ten (10) acres,
<br /> more or' less; and in Hall County, Nebraska; and
<br /> A portion of all that part of the East Half of the Southeast
<br /> Quarter (E'�SE'�) o£ Section Ten (10) , in Township Eleven (11)
<br /> North, Range Nine (9) , West of the 6th P.M., lying South of a
<br /> line drawn parallel with and 400 teet in a Southerly direction
<br /> £rom the center line of the South Main Track of the Union Pacific
<br /> Railroad and lying between two parallel lines drawn respectively
<br /> 160.63 feet and 455.45 feet West of the East line of the East Half
<br /> of the Southeast Quarter (E'�SE'�) of said Section Ten (10), and
<br /> parallel with said easterly line, containing Five (5) acres, more
<br /> or less, which portion is more particularly described as follows:
<br /> Heginning at a point on the South line of said Section Ten (10) ,
<br /> which point of beginning is 287.63 feet WPst of the 5outheast
<br /> corner of said Section Ten (10) ; running thence North parallel to
<br /> the East line of said Section Ten (10), a distance of 288.0 feet;
<br /> turning thence East and running parallel to the South line of Section
<br /> Ten (10), fror a distance of 107.0 feet; turning thence North and
<br /> running parallel to the East line of Section Ten (10) , to a point
<br /> on the Southerly Right-of-way line of the Union Pacific Railroad;
<br /> thence turning Southwesterly along and upon said Right-of-way line
<br /> to a point 455.45 feet West of the East line of said Section Ten
<br /> (10), turning thence South running parallel to the East line of said
<br /> - Section Ten (10), to a point on the South line of said Section Ten
<br /> (10) ; turning thence East and running along and upon the South line
<br /> of said Section Ten (10), for a distance of 167.82 feet, to the
<br /> point of beginning, in Hall County, Nebraska.
<br /> The intention being to convey hereby a:� absolute title in fee simple,
<br /> ; including all the rights of homestead and dower.
<br /> THIS I5 A FIRST, PURCHASE MONEY MORTGAGE
<br /> TO HAVE AND TO HOLD the premises above described, with all the appurtenances
<br /> thereunto belonging, unto the said mortgagee and to its successors and
<br /> assa.gns forever, provided always, and these presents are upon the express
<br /> condition that if the said mortgagors, their heirs, executors, administra-
<br /> tors or assigns shall pay or cause to be paid to the said mortgagee its
<br /> successors or assigns, the principal sum of $220,000.00 payable as follows,
<br /> to wit: Principal and interest, at 10% per annum for the first three
<br /> ' Years and at 8/ per annum for the remaining 12 years, payable interest
<br /> only each year for the first three years and then equal monthly amortizing
<br /> payments o£ $2,381.50 commencing September 1, 1979 and continuing until
<br /> 144 such monthly payments have been paid with interest according to the
<br /> tenor and ef£ect of the mortgagors written promissory note bearing even
<br /> date with these presents and shall pay all taxes and assessments levied
<br /> upon said real esta�e, and all other taxes, levies and assessments levied ��,( . . , ,
<br /> upon this mortgage or the note which thi5 mortgage is given to secure, �� r�-' `
<br /> before the same becomes delinquent, and keep the buildings on said premises � '�'
<br /> insured for the sum of the debt balance loss, if any, payable to the said � �a ` ;
<br /> � mortgaqee, then these presents to be void, otherwise to be and remain in i�
<br /> full force. � ��`
<br /> IT IS FURTHER AGREED (1) that if the said mortgagor shall fail to pay such
<br /> taxes or procure such insurance, the said. mortgagee may pay such taxes -
<br /> and procure such insurance; and the sum so advanced with interest at 11
<br /> per cent shall be repaid by said mortgagor, and this mortqage shall stand
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