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LL ESTATE MORTGAGE—(With Tax Clause) ',-"�;R0F1LN160F
<br />KNOW ALL MEN BY THESE PRESENTS: That Gerald R.
<br />of Hall County, and State of Nebraska
<br />Five thousand and no/100 ---------
<br />The Huffman General Supply House,. Lincoln, Nebr.
<br />West afid Jo Dell West
<br />in consideratioit 'of the sum of
<br />--------- ($5,000.06) DOLLARS'
<br />in hand paid, do hereby SELL and CONVEY unto Five Points Bank, 2015 North Broadwell
<br />Ave. of"the city of Grand Island.
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska , to -wit:
<br />Lot Three (3) in Block Three (3) in Dale'Roush Second
<br />Subdivision situated in part of the East Half of the.
<br />Southwest Quarter (E!jSW1-4).of Section Fourteen (14),
<br />Township Eleven (11) North, Range Nine (9) West of
<br />the 6th P.M. in Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of hoinesidad and dower.
<br />TO HAVE 11ND TO HOLD the promises above described, with all the appurtenances thercu'nto belonging,
<br />unto the. said mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and thq'e presents are
<br />upon the express condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns
<br />shall pay o.r cause to be paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the
<br />principal- sum of $ 5 , 0 0 0 . 0 0 payable as follows, to wit: I : .
<br />Said principal'and interest shall be payable in 84 installments'
<br />of $85.62 commencing on the 23rd day of.october.1975 andlcontin"uin'
<br />on the 23rd day of each month thereafter until the note is.fully
<br />paid, except.that the final payment of principal and interest
<br />if not sooner paid shall be due and payable on the 23rd day of
<br />.September 1982. Delinquent interest and principals after : maturity
<br />shall draw interest at the maximum legal rate per annum unti.1
<br />fully paid.
<br />with interest according to the tenor and eff * ect 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 />or, the note which this mortgage is given to secure,. before the saine becoma delinquent, and
<br />kejep thdrbWA"W�t* -4aid premises insured for the sum of $ loss, if any, payab�e. to the said
<br />tXrftdY,'* WOIAAiL&3ft�00%ts to be void, otherwise to be and renlain in full fo�ce.
<br />IT IS FURTHER AGREED (r) That if the said mortgagor -shall fail to pay such taxes or pro'cure such in-
<br />suranee, the said mortgagee may pay such taxes and procure such insurance; and the su"t so advanced,� Stith interest
<br />at 11 per cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same.
<br />(2) That a failure to pay any of said money, either principal or interest, when the sante becomes due, br a fdilure to
<br />comply Stith any of the foregoing agreements, shall cause the whole swit of money herein secured to bc�ome due and
<br />collectible at once at the option of the mortgagee.
<br />Signed this day of 19 ;�5
<br />jf*___p reSol e -e of ... . ... ..... ....... 2 ...... . .. ....... I ........ . ..............
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