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�. a corporation organized and existing under and by virtue of the laws of the State of - Nebraska hi ,
<br />consideration of the sunt of Thirty five thousand and' no/100-----=— :DOLLARS
<br />in hand paid, does hereby SELL and CONVEY unto Commercial National Bank & Trust 'Co.
<br />of Hall County, State of Nebraska the following described premises situated'.
<br />in Hall County, and State of Nebraska , to -wit:
<br />Lot Four (4).,Le Heights Fourth Subdivision.,.Ha11`County, Nebraska.
<br />In the'event`the title to said real estate is transferred, or contracted f
<br />to be transferred;', from the undersigned for any.reason or by any method
<br />whatsoever, the entire principal sum and accrued interest d:a11 at once
<br />become due and payable at the election of the holder hereof. Failure to
<br />exercise this option because of transfer of title'as above stated 'in one
<br />instance shall not constitute a waiver of the right to exercise the same
<br />in the event -of any subsequent transfer.
<br />The proceed's of this loan will be advanced for the:° Construction of.. improve
<br />ments on the.above described premises and will;be' advanced pursuant to the
<br />terms of a'•building agreement executed in connection herewith and the
<br />funds so advanced are secured -by this mortgage..
<br />The intention being to convey hereby an absolute title in fee simple.
<br />TO HAVE AND TO 1FIOLD the ,premises above described, zuith all floc. app:a tenances thereunto belonging unto
<br />the said Commercial ;National Bank & Trust Company,
<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 />tyy
<br />1 heirs, executors, adminishators or assigns, tlte.sitThinz of nolrJ0 five Thousand and
<br />Dollars, payable as
<br />follows, to -wit:
<br />Thirty. five thousand and no/100 Dollars on the 13th day of August , 19 75:
<br />Dollars on the day of 19
<br />Dollars on the day of 19
<br />Dollars on the day of , 19
<br />Dollars on the day of 19
<br />cent per annum, payable annually, according to the tenor
<br />with interest thereoiz at 11.0 per
<br />and effect of the promissory note i with interest coupons attached of said
<br />Personalized Homes, Inc.
<br />i bearing even dote :wit/z these presents and s/tall pay all taxes and assessmehts levied upon said real estate and all other
<br />taxes, levies and assessnzertts levied upon this mortgage or the note which, this 'mortgage is given to secure, before the
<br />sonic becomes delinquent, and keep the buildings on said premises insured for. the surtz of 35,000.00 ,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, (1) Th *if. 1/te said mortgagor shall fdil to pay such taxes or procure,
<br />_such insur-
<br />i ante, the said mortgagee may pay such tares aitd procure melt insurance;'an& the sura so advanced, with interest at
<br />per cent shall Abe repaid by said mortgagor, and this mortgage, shall stand as security for sante (z) That
<br />a failure to pay any of said motley, either principal or interest when the sante become due, or a failaret`Qcpri`ply with
<br />any of the foregoing agreements, shall cause the whole sum of money herein secured to become (zrtd.cofI�ctirbte.;
<br />at once at the optionof the mortgagee. ` �'• oft. l'
<br />IN WITNESS WHEREOF, the said
<br />has hereunto. caused its corporate seal to be affixed and these resents to bc'signed by its 'n
<br />this 15th day of April. A. D. 197
<br />Signed,.'sealed'wid delivered in presence of
<br />..............................................................................
<br />Personalized Homes, Inc. .
<br />............................... .......... ......... ....... .......... EcrWard. enkins realsfte` it..
<br />
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