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52%2-A—SECOND REAL ESTATE MORTGAGE—Tax Clause (Revised 1962) Tho H.W.an General Supply FIouse, Lincoln, Nebr.
<br />v KNOW ALL MEN BY THESE PRESENTS: THAT I or WE, Robert" S. Gruntorad and Linda S i
<br />Gruntorad, husband and wife,
<br />of Hall County and State of Nebraska in consideration of the sum.of
<br />One Thousand, One Hundred and no/100ths ($17100.00)---- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto
<br />Gerald L Franzen and Sharon K Franzen, Husband and Wife,
<br />(mortgagee),
<br />of Hall . County, and State of Nebraska • the following described premises
<br />situated in - Hall County, and State of Nebraska to -wit: "
<br />Lot Nine7(9)c in Block Six (6), in Di -11 and Huston's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />This is a Second Real Estate Mortgage and it is hereby agreed that the mortgage
<br />has a first real estate mortgage in favor of Equitable Building and Loan of
<br />Grand Island, Nebraska.
<br />I
<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 unto the said
<br />mortgagee or mortgagees and to his, her or .their heirs and assigns, forever, provided always, and these presents are upon the
<br />express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, administrators or assigns shall pay
<br />or cause to be paid to the said mortgagee or mortgagees and to his, her or their heirs, executors, administrators or assigns, the
<br />sum of One Thousand, One Hundred and no/l00ths ($1,100.00)—= - Dollars, payable as follows, to -wilt:
<br />Total amount plus interest at 9% per annum to be paid in full on March 1, 1976
<br />with interest thereon at per cent per annum, payable annually, according to the tenor and effect of the
<br />promissory note with interest coupons attached of said Mortgagors, bearing even date with these presents, and
<br />shall pay all taxes, and any interest on, or maturing installments of principal, due on any prior mortgage and assessments
<br />levied upon said real estate and all other taxes, levies and assessments levied upon this mortgage or the note. which this
<br />mortgage is given to. secure, before the same becomes delinquent and keep the buildings on said premises insured for the sum
<br />$22,000.00 , loss, if any, payable to such first mortgagees or this mortgagee, or both, then these presents be void,
<br />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 and such interest on, -or maturing
<br />installments of principal, due on any prior mortgage and procure such insurance, then this mortgagee .may pay such taxes and
<br />such interest on, or maturity installments of principal, due on such prior mortgage and procure such insurance; and the sum
<br />so advanced with 'interest at nine per cent shall be paid by said mortgagor, and this mortgage shall stand as- security for the
<br />same. (2) That a failure to pay any of said money, either principal or interest on this or any other prior mortgage, when the
<br />same becomes due or a failure to comply with any of the foregoing agreements, shall cause the whole sum of money herein
<br />secured to become due and collectible at once at the option of the mortgagee.
<br />IT IS FURTHER AGREED That said mortgagee, pending foreclosure of this mortgage and after decree and pending
<br />stay thereon or appeal therefrom and pending sale of premises mortgaged, may pay such taxes and maturing interest or matur-
<br />ing
<br />installments of principal, on prior mortgages, procure such insurance and such sums shall be added to the amount due on
<br />decree and upon confirmation of sale by the court ordered taken out: of proceeds of sale; or if redeemed during stay, appeal
<br />.or sale, such amounts shall be collected the same asthough it were a part of such decree.
<br />Signed this 28th day of February '19 75
<br />In presence of
<br />�,
<br />STATE OF ....... NEBRA.SU.................................... County of ....................... HAS.....................:
<br />Before me, a notary public qualified. for said county, personally carie
<br />known to me to be the identical person or persons who signed the foregoing 'instrument and acknowledged the execution
<br />thereof to be his, her or their voluntary act acid Zed. CHARLES R. WINKLER
<br />%
<br />. .......
<br />General
<br />olary-State o
<br />r Ne
<br />d otarial seal on my hand an...,,.MyCommission Expires es
<br />My commission expires Gs«......�1., 19.71' My.
<br />nuary15 197
<br />7111 ...... 1..r.........Notary
<br />Public.
<br />STATE OF.`...........1JE RMKA.................................... ss. 'Entered' on numerical index and filed for record
<br />Countyii�� ...... .........:.:HAT_T::.: .::.!..................... ..........} in the Register of Deeds Office of said County the
<br />..day of .................... ...... 19.. at .........�..........O'clock
<br />�yannd...........5 ......:.minutes ..........1'.....M.,
<br />and recorded in Book ::. �r� .....................of...... �.at page ..... .................................
<br />...Reg. of Deeds
<br />By................... .......................Deputy
<br />
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