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52y,—SECOND REAL ESTATE .MORTGAGE—With'•Tax Clause The Huffman General Supply House, Lincoln, Nebr.
<br />:
<br />KNOW ALL -MENBY THESE PRESENTS:
<br />- E1V-TS:
<br />THAT I or WE, Bill .G. Schaffitzel .and' Betty J. SchaffitzeU,, husband and wifej.
<br />of Hall County and State of Nebraska , in eonsiderathon'of the sum of '
<br />---.TWO THOUSAND AND NO/100THS ('$2,000.00)------
<br />------=_._---------- DOLLARS
<br />it; hand paid, do hereby SELL-'and CONVEY unto'
<br />Da-Ly Realty & Insurance', Inc. (�liortgagee);
<br />Of Hall County;. and Statc: of Nebraska the followiiig'described premises
<br />situated in : Hal 1 County, and State of Nebraska:'"' towit„”
<br />Lot- Six(6) in 'Block Twenty-Three-(23) in• College Addi.tio'n w
<br />to West Lan
<br />in the City of.Grand Island; Hall County, Nebraska
<br />The intention being to convey hereby an absolute title in fee simple. including all the rights of homestead wild dower.'
<br />TO HAVE. AND TO HOLD the premises above described, with all the aappurtena ces thereunto belonging unto
<br />the.said mortgagee-or mortgagees and to his, her or their heirs and assigns, forever,;provided always, and these Pres
<br />eats are upon the empress condition that if the said mortgagor or mortgagors"l{is, Jhcr or `their heirs, executors, admin
<br />istrators or assigns shall pay or� cause to be paid to the said mortgagee' or mortgagees acid to his, her or their:heiis, ex
<br />ecutors, adaninistrators or assigns; the sum of Two Thousand and no/100THS -.- ------
<br />-------=----- ($2' 000.00) ------ Dollars, llars, payable as follows, to-wit:
<br />Total-amount ofl $2,000.00 plus'.Iriterest due and payable August 1, 1976
<br />with interest thereon at 9q per cent per anisum, payable as above wfc�tittDy; according to the tenor and effect- of
<br />the prohuissory ihote, with interest coupons attached of said Mortgagors, beaming even date with "these pros
<br />eats, and shall pay' all taxes; and any interest oily` or maturing installments of. principal,dice on any prior .mortgage and
<br />assessments 'levied upon said real estate and all other taxes, levies and assessments' levied upon this mortgage - or the.
<br />mote which this mortgage :'is given to secure,'before the same -becomes %delinquent ;'aild keep the buildings .on said-.
<br />premises insured for the sync , ; lossjf any, payable to such first !mortgagees or this mortgagee; or both,
<br />then these. presents be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (r) That if'the said mortgagor shall failj.to pdy•.such taxes and such. interest on;
<br />or maturing installments of', principal, due on ainy prior mortgage and procure !such insurance, then this mortgagee may
<br />• pay such taxes and:such interest on, or maturing installments ; of principal, due on sitcli prior mortgage. and .procure, '
<br />such insurance,' and the shin so advanced with interest at dine per cent shall be paid-Py said mortgagor, "and this mort-
<br />gage shall stand as .security for the sante. (2) That a • failure to pay any.of said nioncy,, either principal: or,interest oil
<br />this or any prior mortgage, when the same becomes .due or a failure to comply with any of the foregoing agreements,.
<br />shall cause the whole su7ih; of:"money herein secured to become due and collectable, at `once at the optioih of the mart-
<br />gagce.
<br />IT IS FURTHER AGREED That said mortgagee, pending foreclosure of this 'mortgage and after-decree and
<br />pending stay thereon or appeal'therefrom and pending sale of premises mortgaged; anay' pay such. taxes and maturing
<br />interest br inat:cring installments of principal;; on prior snortgages,: procure- such insurance and such I sums shall be
<br />added to the amount due on decree and upon confirmation hof sale by the court ordered taken out of proceeds-of sale,;
<br />or if..redeented •during stay, appeal or sale, sihch amounts shall be collected .the same !as though it were a part of such'
<br />decree.
<br />Signed this day of July 19 75'
<br />In . Presence . of
<br />...
<br />•t• haffitz�--•
<br />ta..f..f.itzeBetq;S�l
<br />.
<br />�C
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