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<br />4—REAL ESTATE MORTGAGE—With Tax Clause The Huffman General Supply House,'Llncoln, Nebr.
<br />KNOW ALL MEN BY niESE PRESENTS 4140,
<br />THAT WOOD RIVER MOTEL, INC.
<br />(Mortgagor
<br />of Hall County, and State of Nebraska, in consideration of the suin of
<br />tighty—Two Thousand and — — — — — — — — — — — — — — — — — — — --— NO1100 DOLLARS
<br />($82,000.00)
<br />in hand paid, do hereby SELL and COIVVEY unto ADAMS COUNTY BANK
<br />of Adams County, and State of Nebraska (Afortgagee
<br />the following described premises
<br />situated in Hall County, and State of Nebraska � 1 ,
<br />to -wit:,
<br />A tract of land in the East half South east quarter (EISE-14) Of Section Seven
<br />(7), Township Nine (9) North, R ' ange Eleven (11) I -Test of the 6th P.M., Hall
<br />County, Nebraska more particularly described as follows:
<br />Beginning at the ' Northeast corner of said E -1 -SE -14; thence Southerly'on the '
<br />-Easterly line of said EUE*L adistance of One Thousand Five Hundred Eighty'
<br />Six and Eight Tenths (1586.8) Feet; Thence deflecting right 900 00' and in a
<br />Westerly direction a distance- of Fifty (50) feet to the actual point of,
<br />beginning; thence deflecting right 900 00' and in a Northerly direction,'parallel
<br />to the Easterly line of said E-1.%SE-k a distance of Two Hundred (200) feet.'to a
<br />point on the Southerly Interstate #80 Highway right of way line.; thence
<br />deflecting left 690 41' and in a Northwesterly direction a distance of'Five
<br />Hundred Thirty-two and six tenths (532.6) Feet to a point of curvature;.
<br />thence along the arc of a Seven Hundred Eighteen and Five tenths (718.5)
<br />feet radius curve to the left initial tangent to coincide with the lasti'
<br />described course produced a distance of 491 feet; thence on tangent and in
<br />a Southwesterly direction a distance of 5-93 Feet; thence deflecting left
<br />7f 10' and in a southerly direction parallel to the Easterly line of said
<br />E12SE14 a distance of 389.24 Feet thence deflecting left 900.00' and in aft easterly
<br />direction a distance of 986.5 feet to the actual point of. beginning
<br />The intention being to convey hereby an absolute'title in fee simple including all the rights.of homest i cad and dower*
<br />TO HAVE AND TO 'HOLD the prentises above described, with all the appurtenances there I unto belo? . iging
<br />unto the said mortgagee and to its successogg assi�ns, forever, provided always, and these presents. are upon
<br />the express condition that if'thc aforesaid inortgagor its,'successoks
<br />I i: ., or assigns shall
<br />pay or cause to be paid to thc said inortgagee its successors or assigns, the suin of
<br />.Eighty—Two Thousand and — — — — — — — — — — — — — No/100 Dollars, payable as'follows, to -wit:
<br />All according to the tenor Dollars on the day of -9
<br />and effect of a certain prommissoDyllars on the day of -19
<br />note of even date herewith Dollars on thc..� day of 19
<br />for $82,000.90 Dollars on the day of 19
<br />Dollars on' the day of 19
<br />with interest thereon at 8 3/4 per cent per annuin, payable monthly
<br />all according to the tenor and effect
<br />�f a certain. proinissory note of said Wood River Mlotel, Inc.
<br />bearing even date with'these prescnts, and shall pay all taxes and assessinents levied upon said real estatc, and all other
<br />taxes, levies and assessinents levied upon this inortgage or the note which this inortgage'is given to secure, before the
<br />sa,n:c becontes delinquent, and keep the buildings on said'preiniscs insured for the suin of $
<br />loss, if any, payable to the said inortgagee, then these presents to be' void, otherwise to be and reinain in full force.
<br />IT IS,FURTHER AGREED (i) That if the said inortgagor shall fail to pay such taxes or procure such .
<br />insu ' rance, the said -niortgagee inay pay such taxes and procure such insurance; and the sum so advancq'd, with interest
<br />at per cent shall be paid by said inortgagor, and this inortgage shall stand as security for the sa?nc. (2) That'
<br />a failure to pay any of said v ' ioncy, either principal or interest when the saine becoines due, or a failure,to coinPly with
<br />any of the foregoing agrcc?ncnts, shall cause the whole sum of money herein secured to become due, and collectible
<br />at once at the option of the tnortgagec.
<br />Signed this 16 day of 'September 1975
<br />In presence of
<br />............................. ......... ....................
<br />OOD RIVER PIOTE�, INC.
<br />. . ...... ................... .......... ..........
<br />sl en
<br />.... . ............ . . . ....... ...... ...................................
<br />Vice President
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