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r�icROFiunEo Fil d for record at �.4. , Boo
<br />of Page
<br />- Jea�ii Fisher, Register of Deeds,
<br />Hall: County,, Nebraska
<br />008983
<br />REAL' E STATE : MORTGAGE j
<br />KNOW ALL MEN BY:THESE PRESENTS:
<br />That, 'GARY; D. BARG and CAROL ANN BARG!, hus:band;and .wife,.
<br />of Wood River, Hall County, Nebraska, in conside;ratign of the
<br />sum of FIFTEEN THOUSAND DOLLARS ($15,000.00); in ihand':paid, do.:;
<br />hereby sell ''.and convey unto the Bank of Wood River, Hall County,
<br />Nebraska, the following described'; premises,Hlocalted in Hall
<br />County,:.Nebraska;, to -wit:
<br />Lot Five(5) in Block Three- (3), Dodd and'Marsfiall's
<br />Addition to Wood River,'Hall County, Nebraskai,
<br />The intention being -to convey hereby an absolute title
<br />in fee simple including all rights of homestead. and dower.
<br />TO HAVE AND TO HOLD the premises above described with al 1.
<br />appurtenances thereunto belonging°unto the said mortgagee and
<br />to its assigns forever, provided always, and'th'ese presents are::
<br />upon the express:condition that if the mortgagors or their heirs,
<br />executors, administrators or assigns shall pay or cause to be
<br />paid to the 'said.mortgagee, or its assigns the principal sum of
<br />$15,000.00,payable as follows jl
<br />$3; 0001.00; ,together with annual interest oni September 1 1976,
<br />$3, 000.00; together with annual interest on,; September l 61977,
<br />$3, 000;. OO ;together with annual interest on. September l 1.978',.
<br />$3,0001.00: together 'with annual interest oni September l .1979,
<br />$3, 000. 00 :together with annual interest on, September 1' 1980,
<br />with interest according to the tenor and effect of :the mortgagor's
<br />written:prom'issory note bearing even date with these presents
<br />and shall pay all taxes and assessments levied upon said real
<br />estate, and `all other taxes, levies and assessments levied upon
<br />this mortgage or- the note -which this mortgage isgiven tosecure
<br />before the same becomes delinquent, and to keep, '.the buildingson
<br />said premise's insured for•.'the sum of $ ,?o,O�U loss, 'if.
<br />any, payabl6 to the -said mortgagee as their interests appear then
<br />these presents 'w ll be void, otherwise to bee and:.remain in full
<br />force.
<br />It is.further agreed by and between the parties hereto that
<br />this mortgage and the note executed of evenidateare not trans-
<br />ferable without -the written consent of the mortgagee or its
<br />assigns; it is ";agreed, further that the mortgagor can. prepay on,
<br />the obligation jierein incurred at any time in multiples of $100.00
<br />without penalty.:
<br />It is further agreed that if - the mortgagor:, sha11. fail to' -
<br />pay such taxes or procure such insurance,. the mortgagee may.pay
<br />such taxes and„procure.such insurance; and the sum so advanced
<br />with interest at nine (9%) percent shall be!repaidEby said..:.
<br />mortgagor and this mortgage shall stand as security; for the same.
<br />That a failure,'to pay any of said money either prixcipal or
<br />interest when the -same becomes due or a failure.to comply with
<br />any of th.e .foregoing agreements shall cause ithe whole sum of
<br />money•:herein secured to become due and collectible'at once at,
<br />the option of the mortgagee.
<br />ti
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