|
52—REAL ESTATE MORTGAGE—(With Tax Clause) Tho, Huffman General .Supply House, Lincoln, Nebr.
<br />` KNOW ALL ME, N BY THESE PRESENTS: That Clifford Edwards Jr. and ;Delores A. Edwards'
<br />(Husband and idife.
<br />of Hall County, and State. of'- .Nebraska , iin consideration of the snan of
<br />100 --------- -----'--DOLLARS
<br />07
<br />Two Thousand Five Hundred Sixty One and /
<br />in hand paid, do hereby SELL and CONVEY unto 'GRAND ISLAND FINANCE CO. .
<br />of Hall Counly, State of Nebraska the following described preniises.sih(ated
<br />in hall County, and State of Nebraska , to -wit:
<br />Lot 8, Block 118, Railroad Addition
<br />• I
<br />' f
<br />I l
<br />i
<br />intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower.
<br />The innt g y y
<br />TO HAVE AND TO 'HOLD the premises above described, with all the appurtenances thereunto' belonging,
<br />:alto the said inortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are "
<br />itpon the express condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns f
<br />shall pay or cause to be paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the
<br />principal sicnt of $ 2,561.07 payable as follows, to wit:
<br />Thirty Payments of $107.38, with the first payment due June 1, 1975 `
<br />21/2% per month on ihat part of the unpaid principal balance not in excess of $300, 2% per month on that
<br />part of the unpaid principal balance in excess of 5300 and not in excess of $500, Ph% per month on.
<br />Agreed rate that part of the unpaid principal balance in excess of $500 and not in excess of $1,000, and 1% per
<br />of- interest: month on any remainder of such unpaid principal balance (which is the required disclosure of the rate
<br />used in computing charges herein in compliance with Nebraska law), and together with any default and
<br />deferment charges.
<br />I
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these
<br />presents and stall pay all taxes and assessments levied upon said real estate; and all other taxes, levies and assessments
<br />levied upon this mortgage or the note which this mortgage is given to secure, before the same becoines delinquent, and
<br />keep the buildings on;'said premises insured for the sunt of , loss, if any, payable to the said
<br />inortgagee, then these presents to be void, otherwise to be and renitain in full force.
<br />IT IS FURTHER•'AGREED (z) That if the said mortgagor shall fail to pay such taxes or procure such in-
<br />surance, the said inortgagee inay pay such taxes and procure such insurance; and the sunt so advanced, witlt interest.
<br />at per cent, shall be repaid by said inortgagor, and this inortgage 'shall stand as security for the same.
<br />(z) That a failure 'to pay any of said money, either principal orinterest, when the sante becomes due, or a_ fdilure to
<br />comply with any, of the foregoing agreentents, shall cause the whole span of money herein secured to become dufe and
<br />collectible at once at the option of the inortgagee.
<br />Signed this first "day of May 19 75 \�
<br />In resence of
<br />............ .....................
<br />4.- ............................... . **-7 .......-.-........ ...••---••.......
<br />. y.....– -atm
<br />
|