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<br /> °�� 62�/z—SECOND�REAL� EBTATE�MORTdA(iE��—WitM Tax Claute The 8uttman 6eneral SoDDb Eiou�e,L{ncoln. NeLr •'"
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<br /> ` � KNOW ALL MEN BY TAE'SE PRESENTS: � r� s� �e��°":
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<br /> � TH.4T I�or WE, �� Lawrence I.ockhora and Ethel Lockhorn � � �a T ���, � ���'s��,:�
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<br /> of -$a11 Cou�ty and State of Nebraska , +n considesation of the sum of ��' `� ``F��h+'i'
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<br /> One Hundr --------�------------------------�-�------ � > 5 >�, �},
<br /> ed Thousand & no/100- _.DOLLARS �+ cs �, �,i
<br /> '�' m hand paid,do hereby SELL a»d CONYEY unto Grand Island Production Credit'Associatioa � ' :;a z �� `�+ `�fi
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<br /> of $all Couxiy, and State of Nebraska ,the follouriag described premises � ' �'�:
<br /> situated i�: Hall Corrnty, and State of Nebraska to-wit: �„ �t =
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<br /> The Southwest Qusrter (SYJ�) of Section 29, Township 12, North, Range 12, West of � , 'y
<br /> .°� the 6th P.M.� Hall County� Nebraska �r '
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<br /> The i�fention being to convey hereby ¢n absolttte title iri fee sirnple includioig all the rights of homestcad and dower. � # > ��'`�i'��
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<br /> TO HAI�E AND TO HOLD the premises above described, u�ith all the appurtenances therennto belonging unto �� ;
<br /> %`'3 ' the said mo�tgagee or mortgagees and to his, her or their heirs and asssgxs,forex�er, provided always,and these pres- � - ' ��3�`���
<br /> ents are upon the expsess condifion that if the said rnostgagor or sr:ostgagors, h'u,her or their heirs, executors, admin- � �
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<br /> istrators or as,rigns shall pay or ca:sse to be paid fo the safd neoregagee or mortgagees and to his, her or tl:eir heirs, ex- �^ _ q,.,��,5
<br /> ecutoss, administrators or assign,s, the sum of $100�000.00 � - s ..��
<br /> --.Dollars, payable as follows, io-wit: � x
<br /> One Hundred Thousand & no/100------------------------------ �r., , ; �.yY�
<br /> On or Befoxe Jatruary 15, 1983 ` �,�;,�-;�° F "`.�;;�
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<br /> arith interest Yhereon at per cent ¢er aa+xum, payable annually, according to the tenor and e�ect of
<br /> the promissary note with interest coupo�s attached of said Mortgagoss, bearing even date with these pres-
<br /> ents,and shal!pay.oll taxes and any interest an,or»iaturing installmexts of principat, due on any pssor rnortgage and �"' �
<br /> asaessments tevied upox said rea! estate and a1!other ta,res, levies axd assessments Zevied xpon this »wrtgage or eh¢
<br /> note:which this mortgago is given to secure, before the same becomes delis�q:rext and keep the buildi�gs or said
<br /> premfses insxred jos the sum$ loss, if any, payable to ssah first tnortgagees or this mortgagee, or Loth, "`' `''
<br /> thea these ¢resents be void, otherzaise to be and rernain in full force. ' 1
<br /> IT IS,F'URTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes a„d such inteses0 on,
<br /> '�'., os matxring�n,rlalltnents of principal, due on axy prior.rnortgage and¢roture sxch ir�surance,then this raortgagee awy ;�,i�:
<br /> � pay such ta:res and s�ech interest on,or maturixg installments of principaJ, due on ss�ch prior mortgage and procure
<br /> sudt i„sura�sce;and the sum so advarced urith i�terest at nine per ce�t shall be paid by said�nortgagor,and this snort-•
<br /> gcgs`shal�atand as secnrity fos the same. (z) That a failure to pay any of said raoxey,cither principal or interest on
<br /> thu oY aM"y prior mortgage, when the same becomes due or a,failuse to comply with any af the foregoixg agreements,
<br /> �arnrrse she urhole.sum of money he�ein secured to become due a„d,col[ectable at once at the option of the niort- t� ;;
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<br /> IT 1$ FURTHER AGREED That said mortgagee, pending foredosure of this mortgage and after decree and
<br /> psniling stay;;thereon nr a¢¢eal the�sefrom and pendiaig sale af y�emues mortgaged,may pay ss�ch taxes and matusing ""�'"�"
<br /> � sa�t�est o► nwtursng iiutdlments of pri„cipa�:or� yrio�'mortgages,..¢rocure sa�ch insusarue and such sums shal! be
<br /> '� a�ded to tk�amou„t dua on dacrec a�d upon con�'sr�natiosi of sal¢by the coatrt ordered taken out of�raceeds of sale; �
<br /> � , Xao�_sf;;redee»eed dunttg:stay, appeat or sa1e, sroeh amounts shalt be colLectod the san:e as thor�gh it wera a p6n of sr�c6
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<br /> , , .�+gnad,�thu 31st daY'of ' :Taau , , iy :78
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<br /> , ,. In Presenc¢ of �'�y,4�,
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