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<br /> 78- UU325� '�'
<br /> REAL ESTATE MORTGAGE � v "
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<br /> KNOW ALL MEN BY TfiESE PRESEN'PS: That DOONAN TRUCK AND EQUIPP�fIT, IPIC., a r3 ' ��`
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<br /> ' Corporation organized and existing under and by virtue of the laws of the State of r
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<br /> Kaasas, and anthorized to do business in the State of Nebraska, in consideration of � f x'
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<br /> the sum of ONE HUNDRED FIETY THOIISAND AND NO/100 DOLLARS ($250 000 00), in hand paid, �� � f�
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<br /> does hereby sell and convey unto THE FIRST NATIONAL BANK OF GRAND ISLAND, GRAPID ISLAND, }`� y,, �:
<br /> HALL'COIINTY, NEBRASKA, the following described premises situated in Hall County, w
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<br /> A tract of land comprising a part of Lot Two (2) in the West Half of ' ''
<br /> tfie Northwest Quarter (W'� NW3y) of Section Twenty-Nine (29), Township �: f 4�' j,�`-
<br /> Ten (10) North, Range Nine (9) West of the 6th P.M. in Hall County, � � i `���
<br /> Nebraska, more particularly described as follows: � ; , ���i
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<br /> Beginning at a point on the Diorth line of said Section Twenty-Nine (29), y, r ��,��,
<br /> said point being Oae Hundred Thirty-Five Feet (135.0) East of the North- �' � i3 a
<br /> west Corner ot said Section Twenty-Nine (29), also being a point on the � � ;.
<br /> Easterly right-of-way line of Highway No. 281; thence Easterly along the §�' 4'"��
<br /> North line of said Section Twenty-Nine (29), a distance of Six Hundred �F'- � �,�`�
<br /> Sixty (660.0) Feet; Southerly parallel to the West line of said Section y�' ' c �'����'
<br /> Twenty-Nine (29) , a distance of Oae Thousand Three Hundred Twenty (1,320.0) �! � tr����;
<br /> feet; thence Westerly parallel to the North line of said Section fi �
<br /> Tweat Nine 29 �;� ' $t��rr
<br /> y- O, a distance of Five Aundred Eighty (580.0) feet, to a �
<br /> poiat Two Hundred Fi£teen Feet (215.0) east of the west line of said
<br /> Section Tweaty-Niae (29), thence Southerly parallel to said west line of ���,.� „
<br /> Section 14aenty-Nine (29), a distance of Five Hundred Thirty and Sixty- i � �,-� �� `���
<br /> Seven Hundredths (530.67) feet, to the Northerly right-of-way line of a
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<br /> Couaty Road; thence Southwesterly along said Northerly right-of-way line ,{ ,., �v�°�
<br /> of the County Road, a distance of Ninety-Three and Forty-Six Hundredths �z '"
<br /> (93.46) feet, to the Easterly right-of-way line of Highway No. 281;
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<br /> tfieace Northerly along said right-of-way line, a distance of One Thousand { '�` '
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<br /> Eight Hundred Ninety-Nine and Four Tenths (1,899.4) feet, to_the place of r�-
<br /> begianing and containing 21.024 acres, more or less. �',
<br /> This mortgage is subject to the mortgage in favor of The First National
<br /> Bank of Grand Is2and, Grand Island, Nebraska, as recorded ia Book 167 .�"',;
<br /> at Page 363 of t�e Mortgage Records of Hall County, Nebraska, and the rt
<br /> mortgage to The First National Bank of Grand Island, Grand Island, x
<br /> NeBraska, recorded as Document 4t77-003013 in the Office of the Register i `
<br /> ��� of Deeds ��of Ha�l Couaty, �Nebraska. � �� r
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<br /> ' The intention being to convey hereby an absolute title in fee simple, f ;x �
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<br /> TO HAVE AND TO HOLD the preirtises above-described, with all the appurtenances v
<br /> thereuato belonging uato the said FIRST NATIONAL BANK OF GRAND ISLAND, GRAI3D ISLAND, �"
<br /> NLrBRASRA, and to its assigas forever, provided always, and these presents upon the y�
<br /> expreas candition that if the said DOONAN TRUCK AND EQUIPMENT, INC. or assigns shall , �� �;
<br /> pay or cause to be paid to the said THE FIRST NATIONAL BANK OF GRAND ISLAND, GRAND �'
<br /> ISLAND,, NEBRASKA, its heirs, executors, administrators, or assigns, the sum of "44x�u
<br /> QNE HUNDRED FIFTY`THOUSAND AND NO/lO0 DOLLARS ($150 000 00), paysble as follows, -:', 4� +';
<br /> to-wit: Forty-Sight (48) installmeats of $3,768.48 each on the lst day of each "f ;
<br /> •month until paid in full, beginniag with the lst day of July, 1978. Final payment �:'� , "
<br /> of principal and iaterest due and pa able on the lst dav of June 1982, according ;;�'
<br /> to tt�e teaor and effect of the promissory note bearing even date Fsith these �
<br /> presents aad shall pap all taxes and assessmeats levied upon said real estaLe and �
<br /> all other taxes, levies, and assesaments levied upon this mortgage or the note rk,, �„�
<br /> wfiich this mortgage is given to secure, before the same becomea delinquent, and
<br /> keep the' [auildiags on said premises insured for the sum of $150,000.00 loss, if
<br /> eay, papable to the sa3d mortgagee, then these presents to be void, otherwise to
<br /> be and remain in full force. �
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