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<br />52%SECOND REAL ESTATE MORTGAGE—With Tax Clause The. Huffman General Supply Iioune, Lincoln, Nebr.
<br />0089Q5* KNOW ALL MEN BY THESE PRESENTS:
<br />: MICROFILMED I.
<br />THAT I or WE, Karen R. Alder
<br />of Hall County at:d State of Nebraska`' , in coti.sidera.tioi,io of the sunt of
<br />Nineteen -thousand five hundred and no/100----=--- =- DOLLARS..
<br />ii: hand paid, do hereby SELL and CONVEY: unto Five Points . Bank ' ,
<br />(mortgagee),
<br />of Hall County, and State of Nebraska , the following described premises
<br />situated in Hall 'Colli:ty, and State of Nebraska to -wit:
<br />Lots' Six and Seven (.6 & 7), Block Twenty.: -Seven (27), Russel '
<br />Wheeler's Addition to the City of Grand :Island, Hall County,
<br />Nebraska.
<br />The intention being to convey hereby -an absolute title in fee simple includhig all the rights of homestead; and dower. '
<br />TO HAVE AND TO HOLD the promises above described, with all -the appurte:ta:ices 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 />ents are upon the -express condition that if the,said mortgagor or mortgagors, his, `her or their heirs, executors, admin-
<br />istrators or, as4hs shall pay or cause to be paid to the said mortgagee or mortgagees and to his, her or their heirs, ex-
<br />ecutors, administrators or assigns, the sum. of $19, 500.00
<br />Nineteen thousand five.. hundred and no/100 (19, 500) Dollars, payable as follows, to -wit:
<br />Said principal and interest shall be payable in 120 installments
<br />of $247.02 commencing:on the 4th day of Sept. 19.75, and continuing,
<br />on the 4th day of each month thereafter until this note is'fully.
<br />paid; except that the'•final payment of -principal and -interest if
<br />not;.Sooner paid shall be due and payable on•the 4th day•of August,'
<br />1985: Delinquent interest and principals after maturity shall
<br />draw. interest at the.Maximum legal rate.per annum until fully paid.)
<br />with interest thereon -at 9 per cent per annually. payable monthly iRtma8y, according to the tenor and eff ect of
<br />-the- promissory note with interest coupons attached of said Mortgagors, bearing even date,wth these pres-
<br />ents, and shall pay all taxes aand any interest dit, or shaturisg installments of principal, due.on any prior mortgage and
<br />assessments levied itpon said real estate and, all other taxes, levies and assessments levied atpon this mortgage or the
<br />note, which this. mortgage is given to secure;' before the same becdmes; deli::quest and keep the buildings on said
<br />premises insured, for the sum $ 20, 000 , loss, if• any, payable to such first mortgagees or this mortgagee, or both,
<br />then these presents be void, ' otherwise to be asd - remain int f till force.
<br />IT IS FURTHER AGREED (i) That if the said mortgagor shall fail to pay such taxies and such interest on,
<br />or shaturbig installments of principal, due o'n aaty prior mortgage and procyre such insurance, then this mortgagee shay
<br />pay such taxes and such interest on, or maturitt� installnichtsl of. priatcipal, due on such prior mortgage and procure
<br />such insuraatce and the sunt so advaahced with-iinte%st:at:>tl;'Wj;per cent shall be paid by said mortgagor, aatd this mort-
<br />gage shall stand as security for the same.:; (z) Thata,failtfre to ay, any of, said stoney, either principal or interest on
<br />this or atiy. prior Mortgage, when the same becomes clue' o ^ " MTure .to comply with any of the foregoing agreements,
<br />shall cause the whole sum of storey'hereitt secured to become due and collectable at once at the option -oft the mort-
<br />gagee.
<br />IT IS FURTHER AGREED That sdid mortgagee, pending forecloszire'of this mortgage and after. -decree and
<br />peauling stay thereon or appeal therefroati and peridia:g sale of premises mortgaged, may pay such' taxes and anatul•ing I
<br />interest or maturing installments of principal, on prior mortgages, procure such insurance aid such sun's shall be
<br />added to the anhouatt due on decree and ztpoit eoihftrmation of sale by. the mirt ordered taken out of proceeds of sale; I
<br />or if redeemed dia•ing stay, appeal or sale, such amounts shall be collected the sante as though it were a part of such i
<br />decree. T�
<br />Sighed this — day of , «- , rg 7-'5--i
<br />In P • e of
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