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<br /> . 52%z-A—SECOND REAL ESTATE MORTGAGE—Tax Clause (Revised 1962) Tha HuSmm Geaerel.SupP1Y Hrnix.Lmcoln,Nebr. �� �
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<br /> � �I KNOW ALL MEN BY THESE PRESENTS: THAT I or WE, ��
<br /> Edfrard A. Bolar, Jr, and Donna B, golar pf
<br /> ,�+ of MBI'T3Ck County and State of NCbI'831f8 ,in consideration of the aum of i
<br /> 'F Sev6a Thrnlsl2]d - - - - � _ _ � _DOLL4R5 '
<br /> � in hand paid, do hereby SELL and CONVEY unto �
<br /> � James G. Rector & Pame2a J. Rector i `°
<br /> � � , (mortgagec), � �� �
<br /> �of � $8�.�. CoUnty,and State of NBbTssl[2 ,the following described premisee
<br /> � aituated in T787.1 ' County,und State ot Nebraslca
<br /> , . . to-�wit: I� .
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<br /> Lot 21 West Bel Air Fy�}� Subdivision, Grand Island, Nebraska '
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<br /> i The intention being to mnvey hereby an abaolute title in fee simple including atl the righke of homestead an� dower. �� �
<br /> � TO HAVE AND TO HOLD the premises abnve dexribed, wilh u71 the appurtenances thereunto befunging unto the said �� tt .
<br /> mortgagee or mortgagees and to his, her or.their heirs and aasigns, forever, provicied alwnys, and [hesc presents are u�n the ��
<br /> � i express condition that if ihe f+aid morL�agor or mortgagors, his, her or their heire,executors,administrators or assigns shall pay �
<br /> � � or cauae to be paid to the said mortgagee or mortgagees and to his, her or their heirs,executors,administratcrs or a9signs, the {
<br /> � , aum of Seven �101L48Ilf1 - - -- - Dollncs,payable ad follows,to-wit: �
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<br /> in Stt1.1 Janvary 2, 1979 �
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<br /> ��j � with interest thereon at � per mnt per annum,payable 3C7117.-� annually,attrording to the tenor nnd e.Rect of the �� : . -
<br /> �� promiasory r.ote ' ' . , of said Mortgagors, bearing even date with these presenta, and
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<br /> f ,� ahall pay all taxes, and any interest on, or maturing installments o[ principal, due on any prior rnortglige and nssesxmeniv ? �
<br /> levied upon eaid real estate and all other tsxes. levies and a9sesamenfs levied upon thix mortgnge or tbe note which this `
<br /> �� � �mortgage is given to aecurn, before the same becomes delinquent and keep the buildings on said premises insured for the sum 1
<br /> • �� �$ , lose, if any,payable to such first mortgagees or this mortgagec, or Fwth, then these presents be void, E � �
<br /> otherwise to be and remain in full(orce. I! .
<br /> � IT IS FURTHER AGREED (1) That if the said mortgugar shall fail to pay such tazes and such interest on,or mnturing i� ��
<br /> �installments of principal, due on any prior mortgaqe and procure such insurance, then this mortgagee may pay such taxes and
<br /> such intereat on,or meturity installmenta of principal, due on such prior mortgage and pmcvre xuch insurance• und the sum �t
<br /> eo�advanced with interest at nine per cent ahall be paid by said mortgagor, and thi9 mortgage ahall stand as security for the `� ��
<br /> •..�., saxne. (2) That a failure to pay any o[said money,either principnl or interest on this or any other prior mortgage,when the j' ,
<br /> f same bernmea due or u Eailure to comply with any of the foregoinq agreements, shall cause the whole sum o! money herein '4
<br /> secured to become due and col(ectible at once at the option of themortgagee. �i
<br /> � IT IS FUR.THER AGREED That said mortgagee, pending foreclosure of thie mortgage and after decree and pending �;
<br /> 1�� stay thereon or appe al therefrom and pending sale of premises mortgaged,may pay such taxes and maturing interest or matut- f � �
<br /> iaS instaAments of principai, on prior mortgages, procure such itvcurance and such sums ahall be.added to the amount due on ;�
<br /> decree and upon confirmation of sale by the rnurt ordered taken out of ptoceeds o[ sale; or if redeemed during atay, appeal
<br /> r� . � or sale,auch amounts ahall be rnllected the same as though it were a Part of such decree. i� ��
<br /> E, � si8„ed th�a 28th day ot Noaember ,is 77 . ti�
<br /> � In preaence of '
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<br /> j ' 3TATE _�'�1�� ......................-.... County of.........--..33811. . ;
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<br /> �. � . B �qy�;�pFiAfp�j,� qualiSed for said county, pereonally came Edward A, K0182'� J2'. SIld ii � � � � .
<br /> a r,� oc� pRv • Donna B. ISolar t�
<br /> ��y � ��� lmo� Z6��ne���id7n peeaon or pereona who aigned !he foregoing instrument and acknowledged the execution 4' � -
<br /> , { fb toldX�Ex �ir untary act end deed. i� .
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