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58—REAL ESTATE MORTGAGE(Corporation)=With Tax Clause The Huirman'General Supply House, Lincoln, Nebr.
<br />KNOW ALL MEN BY THESE PRESENTS: oF��Eo
<br />UU��UU M\CR
<br />THAT Bens Drug Store, Inc a
<br />a corporation organized and existing under and by virtite of the laws of the State of Nebraska tit
<br />consideration. of the sum. of Thirty Nine Thousand ($391000,00) DOLLARS
<br />bt hand paid, does hereby SELL and CONVEY_mito -Nicholas Drug Store.' Incorporated
<br />of Hall County, State of. Nebraska the following described premises situated
<br />in HAll County, and State of Nebraska , to -wit:
<br />The -Northerly Eighty feet (80) of -the Westerly
<br />Twenty Two feet (22) of Lot Four (41 in Block
<br />Sixty Six (66) of the Original Town, now City
<br />of Grand Island, Nebraska, and all party wall
<br />rights thereto belonging,
<br />The intention being to convey hereby an absolute title in fee simple.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging Tntto
<br />the said Nicholas Drug Store, Incorporated, a corporation
<br />and to its heirs and assigns forever,. provided always, and these presents are upon the express condition
<br />that if the said Bens' Drug Store, Inc.
<br />or assigns shall :pay or cause to be paid to the said Nicholas Drug' Store, Incorporated, its
<br />bearing even date with these presents and shall pay all tares and assessments, levied upoit said real estate and all other.
<br />taxes, levies and assessments levied upoii.this mortgage or the dote which this mortgage is given to secure, before the
<br />same becomes delinquc)it, and keep the buildings on said premises insured for the sum of s 40 000-00, loss, if:
<br />any, payable to the said mortgagee, then these presents to be void, othenuise to be and remain in full force.
<br />IT IS FURTHER AGREED, (z) That if the said mortgagor shall fail to pay such'taxes or procure such insur
<br />ance, the said mortgagee may pay such taxes slid procure such insurance; and the sum so advanced, with interest at
<br />nine per cent shall be repaid by said mortgagor, and this mortgage shall stand as security for same., (z) That
<br />a failure to pay any of said money, either priii'cipal or interest whett the same become dite, or a failure to comply with
<br />any of the foregoing_ agreements, shall cause the whole sum of money herein secured to become disc and collectable
<br />at once at the option 'of the mortgagee. Default in elle payment of any note shall be deeme
<br />to.be default on all three notes.
<br />IN TVITJVESS IVHEREOF,,thc said::•Bens�?- Drug Store, Inca
<br />has 7eercnnto caused its corporate seal tti be axed and these resents to be` sigiied' by its ` President
<br />this'-, first day of ` . July .... A: D.'Ig75•
<br />Signed, sealed and, delivered itt' presence of -
<br />:....:.....:.:...:....::..................::.:.:.....................:. BENS . G..STORE.... INC
<br />...--•----------••---... -C.orp..... Seal .)......... .... .....- By a?.., c. ° . ......................
<br />s
<br />Pre ident
<br />3,33
<br />heirs, executors, administrators or assigns, the suns of Thirty Nine
<br />Thousand
<br />Dollars, payable as
<br />follows„ to -wit: $464.00 on August 1,
<br />1975, and a like sum on the Dollars on the
<br />day of
<br />, ig
<br />first day of each succedding Dollars on the
<br />day of
<br />, ig
<br />month until paid in full which .Dollars ou the
<br />day of
<br />, rg
<br />includes interest at 72 o Dollars ou the
<br />day of
<br />, rg
<br />Dollars on the
<br />day of
<br />ty
<br />ieiflr4??fV1est•tlrenv?rTit ------prr-crust PTr'nnmrna;7mytrblr
<br />'hniTimtGp;
<br />according to the tenor;
<br />and effect of the. 3 promissory cotes s r✓irte-ilnz��srzar:rarrs mrct�trzin �f salt
<br />bearing even date with these presents and shall pay all tares and assessments, levied upoit said real estate and all other.
<br />taxes, levies and assessments levied upoii.this mortgage or the dote which this mortgage is given to secure, before the
<br />same becomes delinquc)it, and keep the buildings on said premises insured for the sum of s 40 000-00, loss, if:
<br />any, payable to the said mortgagee, then these presents to be void, othenuise to be and remain in full force.
<br />IT IS FURTHER AGREED, (z) That if the said mortgagor shall fail to pay such'taxes or procure such insur
<br />ance, the said mortgagee may pay such taxes slid procure such insurance; and the sum so advanced, with interest at
<br />nine per cent shall be repaid by said mortgagor, and this mortgage shall stand as security for same., (z) That
<br />a failure to pay any of said money, either priii'cipal or interest whett the same become dite, or a failure to comply with
<br />any of the foregoing_ agreements, shall cause the whole sum of money herein secured to become disc and collectable
<br />at once at the option 'of the mortgagee. Default in elle payment of any note shall be deeme
<br />to.be default on all three notes.
<br />IN TVITJVESS IVHEREOF,,thc said::•Bens�?- Drug Store, Inca
<br />has 7eercnnto caused its corporate seal tti be axed and these resents to be` sigiied' by its ` President
<br />this'-, first day of ` . July .... A: D.'Ig75•
<br />Signed, sealed and, delivered itt' presence of -
<br />:....:.....:.:...:....::..................::.:.:.....................:. BENS . G..STORE.... INC
<br />...--•----------••---... -C.orp..... Seal .)......... .... .....- By a?.., c. ° . ......................
<br />s
<br />Pre ident
<br />3,33
<br />
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