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<br /> � 58-A—REAI ESTATE MORTGAGE�=��_��rp)-�-Wlfh Tax Clause(Revised 1962) TL,-..uHm.n G.mr.i Supyiy Houes,I�.ionoio,Nebr. i' � .�
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<br /> � KNOW ALI.MEN BY 1'HESE PRESENT9: T'hat Mid-Continent Enterpsises, Inc. i
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<br /> i '�� a:eprpclration orgaaized and existing unr3er and by virtua of the� law�c oL E}ie State of Nebraslca in ( �
<br /> � consiaeration of the sum af Forty'-two thQLl-sanc3 & n0/10'O ($4 2,000,00)--------- DULLARs �
<br /> t in hend paid,does heraby BELL and CONVEY imto � � ,�
<br /> � Commereial National Bank & Txus� Company i �
<br /> 1 of Fiall Councy,Stute of Nebraska Lhe following described premiaes eituated � �
<br /> `{ in Ha11 councy,and s�se�ot IVebraska ,so-..nc:
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<br /> Lot Thirty Six (3,6), in Amended Block �€
<br /> ' Six (6) , Continent�l GardenS, An Addition jI
<br /> �, to the City of Grand Island, Hail County, �
<br /> � Nebraslca. �
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<br /> In the event the title to said reaT estat,e is trarssferred, ar contracted �s
<br /> ; to be, transferred, from the undersiqned for any reason or by any method �i �{
<br /> whatsoever, the entire principal sum and accruec3 interest shaTl at onc,e �'
<br /> t � become due and payable at the election of the holder hereof. Eailure ��,
<br /> to exercise thi.s option because o£ transfer of title as above stated ��
<br /> i d in one instance shall not constitute a waiver o� the riglzt to exercise � ;!
<br /> ; �� � the same in the event o€ any subs,equent transfer. � �� j�:
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<br /> The intentioa.'being to convey hereby an absolute title in tee yimnte. �• 2, ' ���
<br /> � TO HAVE AND TO HOLD the
<br /> [�.remises above dexribed, with all t6e appurt�nances thereuato�beloagin� unto t6e sa��l �: _
<br /> � Mid-Continent Enterprises, Inc. �'r t
<br /> � and to ].tS heirs and asaign5 forever, provideil always,.and thrse presenta are upoa 4he ezpcc�s aond'ttion YbaC if the �j
<br /> eaid Mid-Continent Enterpzises, Inc. `
<br /> j� � ur aesigna xiiall pay or cause t�be paid to t'he said
<br /> d Commercial National Bank & Trust Company �� , �„
<br /> ' � :3 heirs�,esecutors,adaiinistralors or sawig�9,t'he eum uf Forty-two thOl15di1d & IlO�lOO��---�llara,pe�yabDe as ��'
<br /> � �� � �
<br /> ' � tQtYm�s,ro-wxe: Fp�ty-two thonsand & no/loo----------------------------------- js
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<br /> � --- ---------- --^^ Dollaza on the 29th da�.of Mar¢h . 1979 �� �. Y
<br /> � . Doller9 on th�e daY of ,. 19 � +��:.
<br /> Dollare on the dey nE , 19 �:l: `
<br /> Dollars on the day of , 19 I K �
<br /> ��3' Dollaxa on the day of , 19 � ' �'3ri
<br /> � }' � � y
<br /> � with interest thereon at 1�.0 per cent per annum,�Sayable SeIlil- annually,according to the tenor aad effect f �:��
<br /> � of the promisaory note with intereat coupona attached of said -
<br /> Mid-Continent Enterprises, Inc. � i
<br /> bearing even date with these presents and ahall pay all taxes and asaesements levied upon said resl estate and all other taxes,
<br /> levies and asaessments levied upon this mortgage or the note which this mortgage ia given to eecure,be[ore the same becomee � � �
<br /> � delinquent,and keep the buildings on said premisea insured for the sum of 3 42�000.O� • lose, if any, payable to the i
<br /> { � �eaid mortgagee, then these presents to be void, otherwise to be aad remain in full force. �j
<br /> � � IT IS FUATHER AGREED, (1) That if the said mortgagor ahall tail to pay such tazes or procure svch insurance, the ;
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<br /> eaid mortgagee may pay such taxes and procure snch insurance; and the sum so advanced, with interest at 10.0 per {
<br /> '� ��ce a t�e h a l l be x e p e i d b y s a i d m o r t g a g o r,a n d t h i a m o r t g a g e a h a l l e t a n d s s a e c u ri t y f o r e a m e. (2) T t+a t a f a i l u r e t o p a y e n y o f �i .
<br /> aaid money, either principal or interesi when the same become due,or a failure to mmply with sny ot the foregoing agree- ' �
<br /> �,,� . menta shall cauee the whole sum of money herein secured to become due anc�collectible at oace at ttie option of the mortgagee. �f . � ��
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<br /> IN WITNESS WfiEREOF, the said Mid-Continent Enterprises, IriC. t,
<br /> � hes hereun� ce�1.��-'1�iorate seal to be affixed and theae preeents to be eigned by its Pres ident �j
<br /> �• � tt�ie 2��••aay.Qft.� -�arch ,is 78 . r
<br /> ',� ._.. ��S�poed;�sealed and•d�Ia�d in peeeence of �� .
<br /> ; ��:,Ot't�k � ...................--.....-- -----....... Mid-_ on_ i_ t Enter�. . es Inc. ;+
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<br /> 3TATB. ��..�4k?�.�,��Ss�_.........:.............. County of...._--._.�id.a,a.........._....---.....---...............
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<br /> � 'Betof�,�°j�,taty�pduhlu yuatised in eaid m�ncy,pexsonaUy came Milan D. Bish ��
<br /> .:� - �''�"�'1.x..�,.,E„s:"s'"`��.� Preeident of �� � .
<br /> � Mid-Continent Enterprises, Inc. ,a co�oration
<br /> � Imown to ma to be the president and idenlical pe xson who eign ed the foregoing i�trument, and acknowledged the ezecudon {� . �'
<br /> ,# theieof to br�h�e voluaGp p� eed ae�auch o8icer and the voluntary act and d�eed of said corparation and that ife cor- i' �
<br /> 5�# 'porate sesl'wae thereTs'P��\EI��R�thonty � `
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<br /> � �.--.wi��.mr ban�.��� . fPB� oa..�_._March..29..----.._--•----y.y_._......•_------........... ...._---• is.78_--• ...�� . . `.r .,�,t,;,
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<br /> - ' Rn�;;t••9.•�.•a��-._..._.._.�19!!••�-^ 11f�t.S��...�f._-_..�_ .r....�-•-----.....Notary Public. �
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<br /> ...: . STATE OF.... � ._.._ � ._ . Entered on numaricai indez and Sled for record ' ' ?
<br /> Courity ._. .... _. _ ..__ _ � :_}� ... . .. in the R.egieLer of Deeda Office of eaid County the ��'
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<br /> � .i . .._..._day o£�:..____..�.....�..�._� .__.19..__...___..at..•-•--.._. � ..._o'dock aad...._....__. .minutea..........._. .M-, �i � ''s`'� -.,,. . ,;.
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