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I I 63%4 —REAL ESTATE MORTGAGE —With Tax Clause The Huffman General Supply House, Lincoln, Nebr.
<br />KNOW ALL MEN BY THESE PRESENTS
<br />THAT Howard T. Holthusen and Gladys L. Holthusen, husband and wife, and each
<br />in his and her own right and as spouse of the other,
<br />(Mortgagor s )
<br />of Hall County, and State of Nebraska , in consideration of the sum of
<br />Five Thousand and no /100 --------------------------------------------- - - - - -- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Mabel E. Lowell
<br />(Mortgagee )
<br />of Buffalo County, and State of Nebraska the following described premises
<br />situated in Hall County, and State of Nebraska to -wit:
<br />The Easterly One- fourth of the Southerly One -half (E,',',Sl) of Block Nine (9)
<br />of i�indolphfs Addition to the City of Grand Island, Hall County, Nebrasle ,
<br />except the Northerly Fight (`8) feet thereof
<br />It is understood the pay^ents herein of �')'40. shall first apply to the interest
<br />iue and then to the principal each month.
<br />The intention being to convey hereby an absolute title in fee simple including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging
<br />unto the said mortgagee and to her heirs and assigns, forever, provided always, and these presents are upon
<br />the express condition that if the aforesaid mortgagor , the it heirs, executors, administrators or assigns shall
<br />pay or cause to be paid to the said mortgagee , her heirs, executors, administrators or assigns, the sum of
<br />rive Thousand and no /lOO ----------------------------- - - - - -- Dollars, payable as follows, to -wit:
<br />Forty and 861100 Dollars on the ist day of July , 19 61
<br />anr. ;:(10,86 ------------- - - - - -- Dollars on the 1st day of each a rd every month , 19
<br />Dollars on the day of thereafter until the , 1 9
<br />Dollars on the day of entire 4rincipal sum , 19
<br />Dollars on the day of with interest is paid , 19
<br />with interest thereon at 7 -1/2 per cent per annum, payablemonthly WMW46t all according to the tenor and effect
<br />of a certain promissory note of said mortffa -ors
<br />bearing even date with these presents, and shall pay all taxes and assessments levied upon said real estate, and all other
<br />taxes, levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the
<br />same becomes delinquent, and keep the buildings on said premises insured for the sum of $ '�) , COO. Cc
<br />loss, if any, payable to the said mortgagee, then these presents to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or procure such
<br />insurance, the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest
<br />at n ine per cent shall be paid by said mortgagor, and this mortgage shall stand as security for the same. (2) That
<br />a failure to pay any of said money, either principal or interest when the same becomes due, or a failure to comply with
<br />any of the foregoing agreements, shall cause the whole sum of money herein secured to become due and collectible
<br />at once at the option of the mortgagee.
<br />Signed this 29th day of M ay 1
<br />i
<br />In presence of
<br />
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