78000985 - Laserfiche WebLink

Browse

� _ � � 78� f.)00985 � REAL ESTATE MORTGACE I. _ HOPPE LUMBER CO. , .a Nebraslsa corporation, herein called the Mortgagor, in consideration of Fifty-six mhousand Ninety and No/100 Dollars ($56,090.00) do 1-aereby mortgage to H & H LAND CO. , a Nebraska corporation, herein called the Mortgagee, the followinq described real estate in Hall County, and State of Plebraskac All of Lot Two (2) and the northerly One , Hundred Two and Five Tenths (102.5) feet , of Lot One (I) in Block Fifty-nine (59) , Original Town, now City of Grand Island, Hall County, Nebras3ca. And the Mortgagor does hereby covenant with the Mortgagee and with Mortgagee's successors and assigns that Mortgagor is lawfully seized of said premises, that they are free f rom encumbrance, that Mortgagor has good right and lawful authority to convey the same, and that Mortgagor warrants and will de£end the title to said premises against the lawful claims of all persons whomsoever. This Mortgage is given to secure the payment of the principal , sum of $56,090.00 and interest thereon, according to the terms of a certain Promissory Note of even date, executed by the Mortgagor to the Mortgagee, due the lst day of March, 1980. The Mortgaqor shall maintain fire, windstorm and extended coverage insurance with a mortgage clause on the buildings on said premises in the sum of $56,090.00. The Mortgagor agrees to pay all taxes and assessments upon said premises and all other taxes, levies and assessments levied upon this Mortgage and the 1�7ote which this Mortgage is given to secure before the same become delinquent. In the event the Mortgagor shall fail to obtain such insurance or pay such taxes before delinquent, the Mortqagee may purchase such iiisurance and pay such taxes or other lier�s and sha11 have a lien secured hereby for the amount so advanced with _nterest thereon at the rate of eleven per cent (11$) per annum. In the event the Mortgagor defaults in the payment of said indebtedness or any installment thereof, or fails to perform any of the other agreements herain, the Mortgagee at its election may declare the entire debt secured by this Martgage to be due and collectible at once; and may foreclose this Mortgage for the satisfac- tion thereof. Signed this lst day of March, 1978. HOPPE LUMBER CO. , a Nebras}ca Corporati By Harold Hoppe, r sident ATTEST_ ^ � =�<� �- ` f�: a� J� � � '.r �sp,Q��etary � � ��': .Y; f, :`�- :r.� , � r.•r ��, .�� , ,�.. o ;. ��. . '��`j�y�^';M + . ��(r°r�b��TE SEAL) .. . ��1lfell/ltlt��cl` . � „�i ��. . .... ' . . Y :.{ .. .. . � ...,� . . EXHIBIT "B^ -1- �