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<br />52—REAL ESTATE MORTGAGE—(With Tax Clause) The 'Huffman General Supply' House, Lincoln, Nebr.
<br />MICR0F1LMED i
<br />'KNOW ALL -MEN BY THESE PRESENTS. That Howard G.. Jackson and Elinor S.. Jackson, i
<br />husband ani wife and each in his. and her own right and, as spouse of the other
<br />j of Hall County, and State of Nebraska , in consideration of the sum of
<br />TwentyTh6usand and no/100--------------------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto LaMonte Sahling and Donna..Sahling, as Joint' Tenant
<br />with rights of survivorship
<br />Of Hall County,'State ofNebraska the following described premises situated
<br />in Hall County, and State_ of Nebraska , to -wit:
<br />Lot Two (2), in Block Six (6),•in Dodd and Marshall's Addition to the City bf Wood River,
<br />Hall County, Nebraska
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<br />The intention. being to convey hereby an absolute title in feesimple, including all the rights of homestead and dower. ;
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging,
<br />unto the said pnortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are
<br />upon the express condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns
<br />j shall pay or cause to be- paid to the said mortgagee(s), his, her or their heirs, executors, :administrators or assigns, the•
<br />principal slim of ,$ 20,000.00 payable •as' follows, to wit: Equal monthly installmentsoof X173.57 i
<br />,.beginning on the first day of October 1975 and. each month thereafter until principal and''.
<br />.interest are -paid in full Interest to be.deucted at�t-he rate of Ray. per annum on the•
<br />! unpaid balance from each payment and the balance applied to the principal..
<br />(Mortgagors will pay in addition to the principal and interest 1/12 of the real estate. !.
<br />taxes and insurance premium. The mortgagee will'use•these funds to pay, taxes and ins= ;
<br />urance premiums on the prop they come due. Total funds for principal, -interest,
<br />taxes, and insurance are to be deposited in the Bank.of Wood River, Woad River, Nebraska
<br />each month for credit to the account of the mortgagee.)
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these•
<br />presents and shall pay all taxes and assessments levied upon said real estate, and all other: taxes, levies and assessments
<br />levied upon thismortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and ;
<br />keep the buildiiigs.on said -premises insured for the sum of $ 2(x,0^0.00 loss, if any, payable to the said
<br />mortgagee, then- these presents to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall. fail to' pay such taxes or procure such in
<br />surance, the said mortgagee may pay such taxes and procure such insurance; and the sunt so advanced, with interest
<br />at 9 per cent, shall be repaid by 'said• mortgagor, and this mortgage shall stand as security for the sante.
<br />(a) That a failure to pay *any of said money, either principal or interest, when the same becomes due, or a fdilure to
<br />comply with any of. the .foregoing agreements, shall cause the whole suit; of money herein secured to -become due and
<br />collectible at once at the option. of the mortgagee.
<br />Signed this;30 day of August 1975
<br />In- presence of n.-*-* ....... ...... ......
<br />[y,��r J
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<br />......................................... Qom `.
<br />Elanor. S. J ck on
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