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<br /> 76• �1U65 i'.r
<br /> R�AL PSTATP tdORTGAGP•.
<br /> fLOUIS J. GREIN, JR., a single man, herein called the Mortgagor,
<br /> in consideration of Twenty Thousand and No/100 Dollars ($20,OOU.00)
<br /> does hareby mortgage to PR�D BOSSELMAN, herein called the PSortgagee,
<br /> the follo�ving described real estate in Hall County, and State
<br /> of Nebraska:
<br /> Fractional Lot One (1) in Fractional Block Twenty
<br /> (20) in Russel Wheeler's addition to Grand Island,
<br /> Nebraska, and part of Yractional Lots One (1) and
<br /> Two (2) in Practional IIlock Tvro (2) , in F2. G.
<br /> Clarks addition to the City of Grand Island,
<br /> Nebraska, and part of Practional Lot T�ao (2) in
<br /> Fractional IIlock Eight (8) , in Gilbert's addition
<br /> F : to Grand Island, Nebr.; all being more particularly
<br /> described by Metes and aounds, as follo�vs, to-wit:
<br /> , ` beginning at the Northeasterly corner of Eslock
<br /> Twenty (20) i.n Russel Wheeler's addition, said
<br /> point being the intersection of Eddy and Eleventh
<br /> s'" Streets, running thence westerly, on the southerly
<br /> line of Eleventh Street, Eor a distance of Seventy-
<br /> Seven (77) feet; thence at right angles, in a
<br /> southerly direction, parallel with fddy Street, a
<br /> distance oE Sixty-Six (66) feet; thence at right
<br /> �: anqles, in an easterly direction, parallel witii
<br /> 3 ; Eleventh Street, � distance of Seventy-Seven (77)
<br /> feet to the westerly line of Eddy 5treet; thence
<br /> � northerly, along the westerly line of Eddy Street, -
<br /> for a distance of Sixty-Six (66) feet, to the point
<br /> r. ' �tie place of beginning.
<br /> � ' This i9ortgage is given to secure the payment of the principal
<br /> '`-• sum of $20,000.00 and interest thereon, accordinq to the terms
<br /> of a certain Promissory Note of even date, executed by the i�lortgagor
<br /> to the biort9agee, due the 12th day of November, 1977.
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<br /> The ^lortgagor further agrees to maintain insurance upon
<br /> � the above clescribed premises in an amount not less than the
<br /> indebtedness due the Diortgagee with a loss-payable clause in
<br /> � ; favor of Piortgagor and 24ortgagee as their interests may appear.
<br /> The Mortgagor agrees to pay all taxes and assessments upon said
<br /> � premises and all other taxes, levies and assessments levied
<br /> " upon this ^iortqaqe and the Note which this Diortgage is given
<br /> ` to secure before the same become delinquent. In the event the
<br /> i t4ortgagor shall fail to obtain such insurance or pay such taxes
<br /> before delinquent, the Mortgagee may purchase such insurance
<br /> and pay such taxes or other liens and shall have a lien secured
<br /> ; hereby for the amount so advanced with interest thereon at the
<br /> K rate of 8 1/2 per cent per annum.
<br /> �
<br /> In the event the Mortgagor defaults in tlie payment of said
<br /> � ' indebtedness or fail to perform any of the other agreements
<br /> herein, the hiortgagee at his election may declare the entire
<br /> 9. debt secured by this Mortgage to be due and collectible at once;
<br /> and may foreclose this Mortgage for the satisfaction thereof.
<br /> � , Signed this �� day of �;'��. , 197��
<br /> -' C/ L"f'�'J !n, r�;3i'r'"�a•-r 4.,�_
<br /> � louis J. �GYein, Jr. �-
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