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53y4—REAL ESTATkWORTGAGE--�—Wlth,Tax Clause The Huffman Ge'neral Supply -House, Lincoln, Nebr.
<br />KNOW ALL' -MEN BY THESE PRESENTS
<br />THAT Max E;t Peery, Sr. and -Ila I.,Peery, husband and wife, each 'in:his or her
<br />right and as spouse of each other
<br />(Mortgagor s)
<br />of Hall County, and State. of Nebraska in consideration of .the sunt of
<br />Twenty-nine Hundred Eighty and 51/100.- DOLLARS.
<br />-
<br />in. hand paid, do hereby SELL and CONVEY unto Flower -Evans Company
<br />(Mortgagee
<br />of Hall
<br />Comity, and State of Nebraska the f9llowhig described premises
<br />situatedinHall co . iri.ity, and State, of Nebraska to -wit:
<br />Lot Twenty-one' (2 1) , An BlockTwo.(2) of Normandy
<br />Estates, an Addition to the City of. Grand Island,
<br />Hall County, Nebraska.
<br />FOR VALUE RECEIVE D, 1, we and each of: us; jointly and severally, promise to
<br />pay to the order. of
<br />FLOWER-EVANS COMPANY
<br />.................................... ........................................................... ................................................................................................................................................
<br />(licensee)'' at its office, the amount above shown under "amount of loan" which sum, if so shown, includes precomputed*cliargen at the ap i rate te below
<br />' otherwise ise I or %-c,,nnd each of -us, jointly and severally, agree to pay said amount of loan and in addition, charges thereon at applicable rate
<br />below sh6wn, to -wit:
<br />214pe month on that part of the unpaiqrincipal balance not in excess of S300.00. 2% per month on' that pa I rt of the principal balance in excess
<br />In excess
<br />of 10.0; and not in excess of $500.00. 11/2 per month on.that part of th*e principal balance of $500.00 and not m excess of $1,000.00, and
<br />1% per month on any remainder of such unpaid. principal balance.
<br />All charges on this lonn shall be computed and/or rebated and every payment made hereunder I shall be applied to principal and charges, in accordance
<br />with 'the applicable provisions of the Installment Loan Act of Nebraska. If charges on this note have been precomputed such charges are subject to refund,
<br />recomputation or rebate and said loan is also subject to default and deferment chnrges, all as provided by law and if two or more full installments are in
<br />default for one full month or more at any installment 'date, the Licensee may, at its option, reduce the contract balance by
<br />required for pre -payment in full as of such installment date and the amount remaining unpaid shall be.deemed to be the unpa , the rebate which would be
<br />ra -principal balance
<br />t, on which
<br />forth above until final payment of said loan. Payments in advance may be made in any amount e be charged, collected, received and applied a to set
<br />charges may be collected and. applied,in the ordinary manner, and thereafter, charges may id
<br />equal to one or more full installment at any time.
<br />In case of foreclosure, all expenses to be- Paid by the mortgagors including attorney's
<br />fees
<br />The'intention being to coitvey,he.reby an absohite 'title in fee simple inchidhig all the rights of homestead and dower. I
<br />TO HAVE AND TO HOLD. the premises above described, with all the appifrte?ia;ices therewito belonging
<br />Aunto the said mortgagee and to their heirs and assigiis, forever, provided always, and these presents are itpon
<br />the express coisditioit that if the aforesaid mortgagor s, their heirs, executors, administrators or assigns shall
<br />pay or cause to be paid to the said mortgagee , their heirs, executors, administrators or assigns, the siniz, of I
<br />Twenty-nine
<br />y-nin& Hundred Eighty and 51/100 Dollars, payable as follows, to -wit:
<br />Dollars on the day of ig
<br />Dollars ort the day of 19
<br />According to Finance Note Dollars on the day 'of 19
<br />given -..herewith Dollars onthe dayof 19
<br />'Dollars on the day of 19
<br />with interest thereon at per cc,);t per amicint, payable annually all according to the tenor ai;d effect
<br />of a certain promissory vote of said Max E.' Peery, Sr. . and Ila I.. Peery
<br />bearing even date with these presoits, and shall pay all taxes and assessments levied upol'; said real estate, and all other I
<br />taxes, levies and. assessi itettts levied itPon this mortgage or. the note which this mortgage is give?t to secure, before the
<br />same becomes delinquent, arid keep the buildhigs on said premises insured for the stun of $ 35000.00
<br />loss, if any, payable to the said mortgagee, theit: these presents to. be void, otherwise to be and remain, i1t,flill force.
<br />IT IS FURTHER AGREED (i) That if the said mortgagor shall fail to pay such taxes or procure such
<br />ituitraitce, the said mortgagee may pay such taxes and procitre such instirmice; and the sion so advaltced,,with interest
<br />at per cent shall be' paid by said mortgagor, and this mortgage shall stand as seci(rity for the sante. (a) That
<br />*a failure -to pay any of said vioney, either principal or interest when the sante becomes dice, or a failure to comply with
<br />any of the foregoing agreements, shall ciai(se the whole sion of money herein seciired to orae dice acid collectible
<br />at once at the option. of the mortgagee.
<br />Signed this 19th day of February i-9 75. F)
<br />In presence of
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