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<br />52-A—REAL ESTATE MORTGAGE—(With Tax Clause) (Revised 1962) Ilie Huffman Gencral*Supply Houm, Lincoln, N0r.
<br />KNOW ALL INIEN'BY THESE PRESENTS: That David R. Johnso*
<br />n & Mlary Johnson', husband and wife
<br />each in his and her own right as spouse of the other
<br />of Hal I County, and State of NebraSka in consideration of the sum of
<br />Fourty—Five Thousand and no/i00 — — — — — * — — — — — — — — — — — — — ('_`�45100'0.00) DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto The Ravenna Bank
<br />of Ruffalo County County, �tate of Nebraska the following described premises situated
<br />in Hall CO. County, and State of.lTebraska to -wit:
<br />Lot Fourteen (14) in Brach's Second Addition to the City of Grand Island, IT,,
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances tbereunto belonging, unto the said
<br />mortgagee(s) and to his, her or their heirs and assigns forever, provided ilways, arid these presents are upon the express
<br />condition that if the said tilortgagor(s), his, her or their heirs, executors, administrators or assigns sliall pay or cause to be
<br />paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 45
<br />,000.00.
<br />payable as follqws, to wit:
<br />payable -362.3 each --ionth with payments first an-olied to interest and
<br />the balance to principal for a period of 120 month comencing 1.1ovember 4.,' 1975.
<br />At the'end of 10 years a ballon payment of `,36,795.19 i -rill be due and payable.
<br />with interest according to tile tenor and effect of the mortgagors written promissory note bearing even date with these presents
<br />and sliall pay -'all faxes and assessments levied upon said real estate, and all offier taxes, levies and assessments levied upon this
<br />mortgage or the note -which this mortgage is given to secure, before the same becomes delinquent, and keel) the buildings on
<br />said premises,insured for the sum of $45.,000.00 loss, if any,"payable to the said mortgagee, then these presents
<br />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 insurance, the
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 8-11- per
<br />cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any
<br />of said money, either principal or interest, when the same becomes due, or a failure to comply with any of -the foregoing
<br />agi�2ements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee.
<br />Signed this 4th day of ctober
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<br />In presenv ................................................
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<br />STATE OF ...... County of.... .. .... .............................
<br />Before me, /tnotary public qualified for said county, per o ally came
<br />�rb al�y� NORMAN A. SCHMIDT
<br />GENERAL NOTARY
<br />known to me to be the identical person or persons who signed the foregoi ig Ainst' nt and 8dAobiQvJgwbsthe ex cution
<br />thereof to be his, her or their voluntary act and -deed. My commission Expires
<br />-Witness my ]land and tarial seal o ........... S5p�ember.l, 1977
<br />......... .........
<br />Public.
<br />My commission expiy/es:., . ........... .................. ......... .....
<br />STATE OF .... k ...................... .... Entered on numerical index and filed for record
<br />ss.
<br />County 11� Zk- Al'.1.1 ..... - . I - in the Register of Depds Office of said County the
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<br />t ...................
<br />................... day of ........... .e?t2 ...... a ....... O'clock and ......... /Lt M.
<br />.... ... . .......... minutes .. .....
<br />and recorded in Book ........ f ��1711 7-" 1 1
<br />................................ 0 nafre
<br />. .............. ................. Reg. of Deeds
<br />By .... L Zz ............... DepuLy
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