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58---REAL ESTATE MORTGAGE '(Corporation)=With Tax Clause The Huffman General Supply souse, Lincoln,; Nobr.
<br />KNOW ALL MEN 'BY THESE' PRESENTS
<br />THAT Personalized Homes, Inc.
<br />a corporation organized and existing under and by virtue, of the laws of the State of Nebraska
<br />i
<br />} consideration of the sum of TWENTY FIVE. THOUSAND AND NO /100 --7($25, 000.1))OLLARS.j
<br />in hand paid does hereby SELL and CONVEY unto Commercial National Bank. & Trust Co'..
<br />Grand Island; Nebraska
<br />of Hall County, State of Nebraska the following described premises situated:;
<br />in Hall County, and State of Nebraska , to-wit:
<br />Lot Eleven (11), Marylane Subdivision, Hall County, Nebraska
<br />In the event the title to said real estate is transferred, or contracted to :be
<br />transferred, from the undersigned for any reason or by any method whatsoever,
<br />the entire principal sum and accrued interest shall at •once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option
<br />because of transfer of title as above stated in one instance shall not constitite
<br />a waiver of the right to exercise the same in the event of any subsequent transfer.'
<br />The proceeds 'of this loan will be advanced for the construction of improvements
<br />on the above described premises and wi11:'be advanced pursuant to the terms of a
<br />building agreement. executed in connection herewith and the funds so advanced are .
<br />secured by this mortgage.
<br />i. The intention being to convey hereby an absolute title in fee simple.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging unto .
<br />the said Commercial National Bank & Trust Co., Grand Island,, Nebraska
<br />and to its heirs and assigns forever, provided •always, and these-presents are upon the express condition
<br />that if the said Personalized Homes, Inc.
<br />or assigns shall pay or cause to be paid to the said Commercial National Bank & Trust Co.,
<br />Grand Island, Nebraska
<br />heirs, executors, administrators or assigns, the sum of Twenty-five Thousand and NolDo ars, payable as
<br />I.
<br />follows, to-wit:
<br />Twenty-five Thousand and No/100 - Dollars on the, 30th day of June , 19 75
<br />i Dollars on the day of , 19
<br />Dollars on the day of , 19
<br />Dollars on the day of , 19
<br />Dollars onn the day of „ , 'ly
<br />with interest thereon at 11 per cent per annttnt, payable annually, according to the tenor
<br />and effect of the promissory note with interest coupons attached of said
<br />Personalized Homes, Inc.
<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 />sante becomes delinquent, and keep the buildings on said premises insured for the sunt of $,loss, if
<br />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, (I) That if the said mortgagor shall fail to pay such taxes or procure such insur-
<br />ance, the said mortgagee may pay such taxes and procure such insurance; and the sunt so advanced, with interest at
<br />11.0 per cent shall be repaid by said mortgagor, and'this mortgage-shall stand as security for same: (z) That
<br />a failure to pay any of said money, either principal or interest when the sante become diie, or a failure to comply with
<br />any of the foregoing agreements, shall cause the whole sunt of money herein secured to become dsue.and collectable
<br />at once at the option of the mortgagee.
<br />. •ir
<br />IN WITNESS WHEREOF, the said �' : /` d
<br />I has hereunto caused its corporate.seal to be affixed and these presents to be signed by .its �', '•• :� '
<br />this 26th day of .March - A. D. 19 75
<br />Signed, sealed and delivered in presence of
<br />P..exQnaXi�e�..HQ.zx�es.....1�, ....... -
<br />....
<br />........By..
<br />�
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