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<br /> :lORTGAGE
<br /> THIS INDENTDR�, Aiade and executed this day of October, 1976,
<br /> � by and bet�oeen JEFFRY J. POWER and DIANNA L. POItiTER, husband and �oife,
<br /> parties .of the first part, and MEFCIiANTS FINANCE COAIPANY, party of the
<br /> second :part,
<br /> 1��ITNESSETH, That the said parties of the first part, for and in
<br /> consideration of One Thousand ($1,000.00) nollars pai3 by the said
<br /> party of the second part, the receipt cahereof is hereby acknowledged,
<br /> have granted, bargained, so13 and convepc:d, and by tliese premises, do
<br /> grant, Uargain, sell and convey, unto the said party of the second part,
<br /> the following described real estate, situate in the County of Hall,
<br /> and State of Nebraska, to-wit:
<br /> Lot 1, I51and Acres No. 11, Hall Count}�, Grand
<br /> ' Island, Nebraska,
<br /> together with all the tenements, hereditaments and appurtenances t-o
<br /> �. the same belonging, and all L-he estate, title, do�ver, right of homestead,
<br /> �' ; claims and demands �ohatsoever of the said parties af the i-irst part of,
<br /> in or to said premises or any part thereof; that said premises are free '
<br /> �i ; from all incumbrances except an existing first mortgage of record from
<br /> parties of the first part to Home Federal Savings & Loan rlssociation,
<br /> Grand Island, Nebraska, and except casements and restrictions of record,
<br /> and �hat said parties of the first nart will warrant and defend the
<br /> title to said premises against the la�aful claims and demands of all
<br /> persons whomsoever escept as above grovi3ed.
<br /> - Provided always, and these presents are upon ttiese conditions:
<br /> t+�hereas, said parties of the first part ha��e eYecuted and delivered to
<br /> >i < the said party of the second part a promissor}� �iote of even date hereof
<br /> payable on demand in the amount of One Thousand ($1,000.00) Dollars. -
<br /> Now, if the said parties of the first part shall �aell and truly pay or
<br /> cause to be paid the saici sum of ;noney in said note mentioned, taith
<br /> � ; interest thereon according to the tenor and eifect of said note, and
<br /> shail duly keep, perform all ttie otlier covenants and agreemenis herein
<br /> contained, then these presents to be null and void. But if said sum of
<br /> s money or any part thereof, or any interest thereon, is not paid tvhen
<br /> �; , ttle same is due, or if said parties of the first part shall fail to
<br /> i, keep and perform any covenants herein contained, the holder her�of shall
<br /> have the o�tion to declare the whole of said indebtedness due and payable
<br /> � '; at any time after such failure or <7efault, and may maintain an action at
<br /> law or equit��to recover thc same and the commencement of such action
<br /> �
<br /> shall Ue the only notice of the exercise of said option required.
<br /> ' IN TESTIriONY [�*HEF�OF, S�e have tiereunto set our hands the day above
<br /> written.
<br /> 1
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<br /> % �3e , r�%J. Power
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<br /> �� 'j{�i�-1�1 '�� f'��1yt ;
<br /> , Dianna L, Po��er
<br /> STATE OF I�L.✓.Q� S,��> )
<br /> ) SS
<br /> COUNTY OF �-/��` )
<br /> �d�7r tj c�
<br /> On this �_day of ��a�e�r`r 19�G, before me ,
<br /> in and for said County personally appeared Jeffr;� J. Power and Dianna L.
<br /> Power, to me personally kno�on to be the identical persons described in
<br /> and whose names are affixed to the foregoin9 deed as _yrantorg and " �
<br /> acknowledged the same instrument to be their voluntary a��* n� '.-N t`•
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