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<br />58_ -REAL ESTATE MORTGAGE (Corp6ration)—With Tax Clause The Huffman General Supply HouseLlncoln.'Nebr.
<br />KNOW ALL MEN BY THESE PRESENTS:'.
<br />THAT Personalized Homes, Inc.
<br />NO
<br />0 isting under a corporation organized and cx and by virtue of the laws of the State of Nebraska
<br />of Thirty eight -Thousand and no/100 ------ 71 ------
<br />consideration of the sion 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 '.Comity, and State- of Nebraska to -wit:
<br />Lot Four (4) in Ravenwood subdivision, Hall County, Nebraska being
<br />a tract of-land,compr'ising a 'part of the 52SE4 of Section 13,
<br />Township 11 North, Range 9, Hall Canty, Nebraska
<br />In the event the title to said real estate tr*ansferred* or contracted
<br />i�� d
<br />s by any method
<br />'ferred! from the undersigned for any -reason or
<br />to be transferred;
<br />whatsoever,'.the entire principal sum and accrued interest shall 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
<br />same in the,eventof any subsequent transfer.
<br />The proceeds.of this loan will be advanced -for the Construction of improve-
<br />ments on the'above , I I I i
<br />described -premises and willibe:advanced pursuanttothe
<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 co.itvcy hereby an.absolitte title in fee simple.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging linto
<br />the said Commercial National Bank & Trust Company.
<br />id assigns forever, provided always, and these' presents are upon the express condition
<br />and to its heirs an
<br />that if the said Personalized Homes, Inc
<br />Nati�Bank & Trust.Co.
<br />or assigns shall pay or cause to be paid to the said Commercial National
<br />heirs, executors, administrators or assigns, the sum of Thirty eight Thousand and Dollars, -payable as
<br />--------
<br />follows, to -wit: no/100 ------------
<br />Thirteight.Thousand and -
<br />Dollars oil the 13th. day of April ) rq 75
<br />y
<br />Dollars on the day of y ig
<br />!No/,100 ------- -----------
<br />Dollars on the day of ) ig
<br />Dollars on the day of ig
<br />Dollars on the ' day of 19
<br />with interest thereon at il. Oper cent per qnnum, payable annually, according to the tenor
<br />with, interest coupons attached of said
<br />and effect of .the PrIonlissory note
<br />Personalized Homes, Inc.
<br />bearing even 'date with these presents and'sh al.1- Pay all taxes and assessments levied upon said real estate and all other
<br />or the note which this mortgage is given to secure, before the
<br />taxes, levies and assessments levied upon this inortgage
<br />-*
<br />same becomes delinquent, and keep the buildings on said premises insured for. the sum of $38000.00 ,foss, if
<br />to be void, otherwise to be and remain in full force.
<br />an payable to the,said mortgagee, theit,these-Presents
<br />y
<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 n
<br />lay pay such taxes and procure such insurance; and the scan so advanced, with, interest at
<br />r, and this mortgage shall stand as security fo?. same. (.-) That
<br />per, cent shall ';be repaid by said . inortgago be onte dite or a failure to comply with
<br />a failure to pay -dity of said Vlo)'U, either principal or interest when the same c
<br />jite;jts, shall cause, the whole sum of money herein secured to become due and collectable
<br />any of the foregoing agree
<br />at
<br />once at the -option of the mortgagee. . .........
<br />IN TvITIVESS WHEREOF, the said
<br />i has hereunto eai'tscd its corporate seat to be affixed and these presents to 'be signed by its
<br />A. D. ig 75
<br />day of
<br />this 15th April
<br />Signed,, scaled, and delivered in presence: of.
<br />izInc.`
<br />...................
<br />Personbl ed Homes Inc.
<br />................................. ...........................................
<br />..................... .................
<br />.......................
<br />Edward Jenkin,
<br />President
<br />
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