Laserfiche WebLink
:�;. <br /> I � <br /> 78- u00t�41 <br /> MORTGAGE <br /> r <br /> John J. Gill�spie, Jr. and Alyce M. Gillfspie, husband and <br /> wife, hereinafter referred to as MORTGAGORS, do hereby give and grant <br /> Glen M. Stewart , hereinafter referred to as MORTGAGEE, a mortgage on <br /> the following described property: <br /> Lot Two (2) Block One (1) Stewart Place Subdivision <br /> to the City o£ Grand Island, Hall County, Nebraska; <br /> the same to constitute a lien in the amount of $45,000.00 with intezest <br /> at the rate of 9'� percent, payable as Follows: $469.91 per month on the <br /> first of each rnonth, corrnnencing January L, 1978, to and until final <br /> _ payment December 1, 1992 , the sarne bein� an ammortization of said <br /> �45,000.00 based upon the principle, amount, interest at a rate of <br /> 9'� percent and a term of l.5 years, all according to the tenor and effect <br /> of MORTGAGORS written promissory note bearing the same date as this <br /> mortgag#s. MORTGAGORS herein reserve the right to prepay, but only as <br /> to entire balance due. MORTGAGORS further waive any <br /> and all exemptions, includin� hornestead, and hereby pledge their separate <br /> estates to the payment of the within note according to its terms. <br /> The Lien created by this mortgage shall remain in fu11 force <br /> and e£fect until the note is paid in fu11. Per►ding payment of the within <br /> �ortgage according to the note, MORTGAGORS shall pay all taxes and <br /> assessments against the premises and shall keep the improvements thereon <br /> insured foz the sum of '4�Q— with a loss payable clause to <br /> MORTGAGEE. <br /> If MORTGAGORS fail to pay such taxes or assessments or procure <br /> such insurance MORTGAG�may pay such taxes and assessments and procure <br /> such insurance and the sums so advanced with interest at the rate of <br /> ,��, percent shall be repaid by MORTGAGORS and secured by this mortgage. <br /> A failure to pay any of the within debt, either principle or interest, <br /> when the same becomes due or a failure to comply with anv of the fore- <br /> going agreements, including the obligation to keep the premises insured, <br /> astd to pay taxes and assessments, sha11 cause the wtiole sum herein <br /> seeured to becaae due and collectible at once at the option of MORTGAGEE. <br /> ' <br /> r�' <br /> � <br /> f <br />