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<br /> .' ' '�PIJRCBASE•.MONLY RE�It. E5'TATE MORTGAGE � . . �
<br /> ; . .
<br /> - p Leon, A. Bind�nagel and Ba�ebara J. Bindenaqel, husband and. wife� �
<br /> � ' ` Mortgdgors, in consideration of T�IRTY-TBREE TBOOS�ND SIX HONDReF} � '
<br /> � � � ��iBHTY-TWO AND 23/100 DOLLARS' i33,622.23) received froin � . � , � .
<br /> � Mortgagee� : moctgage to �Gladys G. Aldr�idge:, l�ortgag�e, the �
<br /> � � follrrwfng� des�cr3�ed .real� esta�e situated i�n Hall, Coun.ty, --- - . _-
<br /> �
<br /> � Nebraskas . . ' � � .
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<br /> • Lot Six t6y in B�ock Thfrty--five t35) in the 4rigina2 �- - .
<br /> ` Town. now City of Grand Island, _Hall County, Neb`raskad
<br /> , , . as sncwe�ed, p3at'ted and re�aurded. , .''�� ' . .
<br /> � �his .Purchase Money Real Estate Mortgaqe is given t�i�'sec�spe the .
<br /> Fayment of th� principal sum of THIRTY-THREE TAOUSAND 5��€ ;I�JNDRED�
<br /> � � TWENTY-TWO AIQD 23/I40 DOLLARS f 33,622.23) and interest� ��,�cn May - �
<br /> � 1, 1990, at eleven (11) percent per annum, the p�incipa�. and �
<br /> � � �-int�rest being �aayaisle in� �!�nthly fnsta�lments .o€ T�R£E HONDRED � •
<br /> TWB[3TY-t3INE AND 5�4�100 DOLLARS t$329.59? per month �n thet first . � , '. �
<br /> � day of each �onth cvmmencing June 1, 1990, and .on the fitst day
<br /> � of each month thereafter for tWenty-three t23`� consecutfve ' �
<br /> ; months, repayment of the principal and interest being amortfzed . :� ;
<br /> � ` over a twenty-ffve (25) year or three hundred (340) month period, . . �
<br /> -�' with a balloan payme�t of THI�aY-THREE THDU�I�NO FI�TY-TWO �C�D AND .-:
<br /> 48/100 t 33,052.48) being due and payable aith the 24th m�nthly � "�
<br /> installment of princi pal and interest on May 1, 1992, as provided i =_'"
<br /> - in the Pramissqry Note dated May� l, 1990, for which. this Mortgage =:___
<br /> � is given as secutity. . t
<br /> ; The Pcomissory Note provides that time is of the essence of the ' -
<br /> ; Promissd�y Note, and if Makers fail far perfod of more than �
<br /> � thicty (30) days to pay any monthly instalment payment when d�ae, �
<br /> � the holder .of the Promissory Note is given the� option to declare �
<br /> - �he .Note immedfately due and payable without notice or demand.
<br /> � The Promissory Note provides if t4ortgagors default in payment of
<br /> , � � : any monthly installm.ent payment when due, the unpaid �m�nthlyr �
<br /> , in$tallment of prfnci��l bears interest at the highest legal rat�e
<br /> ' , �;:ntil pa#d. • ` ,
<br /> . Mortgagors agree to insure the improvemer:t� o� the rea�,• �estate , .:�
<br /> . for a dollar amount at least equal cc� the unpaid ba�ance due and � , �
<br /> � payable on the Promissary Note which thss Mortgage secures, '��"�
<br /> protecting the improvements from �fire a�d ather insurable
<br />� . physical damage hazards, loss (if any) payable to �lortgac,��e and �
<br /> Mortgagors, as their i�.terestg appear.. Mortc�agors are to f�urnfsh
<br /> Morkge�ree .with, a cQrtificate o: ..insuranre:.evidencinq the ._._ . .. .....__. .
<br /> ' insura�ce on the im�ravement�. ' •
<br /> Mortgac�ors a�ree to pay ali �axes and assessments upon the real
<br /> estate �nd aI2 atheK taxes, •levies and assessments levied upoR
<br /> � thie MoEtgage and the Promissory Note which this Mortgage is �
<br /> gfven to secure befoce payment is delinq�uent. If Mortgagors Eail
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