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KNOW ALL i�EN BY THESE PRESENTS:.
<br />That.*THIENEL BUILDINGS, INC., by CUR'FIS,E. THIENEL,
<br />President thereof, in consideration of the sum of THIRTY-
<br />SEVEN THOUSAND, FIVE -HUNDRED AND N01100 D LLARS ($37,500.00),
<br />to be paid in advances'in accordance idth'the tenor of a
<br />cerualn Construction Loan Note, do hereby SELL and CONVEY
<br />:unto the BANK OF WOOD RIVER A Corporatioi, Wood River,
<br />Nebraska,"of Hall County S'
<br />tate-of Nebraska,,:the following
<br />described premises Iodated in Hall Countyl Nebraska, to -wit:
<br />Lots Seven (7) and Eight (8), in Blo(L'6ne (I),
<br />in Dodd and Marshall's Addition to t�e Town of
<br />Wood".River, Nebraska, according to t e recorded
<br />plat -thereof.
<br />The intention being to convey hereby an absolute title ih
<br />fee simpld, including all the rights of homestead and dower
<br />in said property.
<br />TO HAVE AND TO HOLD the -ore;mises above described, with
<br />all the appurtenances thereun-to belonging Lto the said
<br />kfortgageej� its heirs and assign's forever, provided always,
<br />and thesepresents are -upon the -express condition that if
<br />the said Mortgagors,their.heir�', executor I rators
<br />.i 'P a nist
<br />or assignq shall pay or cause to be paid t the said Mortgagee,'
<br />its successors, assignees or transferee, I principal sum of
<br />THIRTY-SEVEN THOUSAND, FIVE -HUNDRED AND NO 100 DOLLARS
<br />($37,500.00) with interest according to th
<br />e tenor and.effect
<br />of the Mortgagors, written promissory note b'e�aring even date
<br />with these presents and shall p
<br />ay all taxes, and assessments I
<br />levied upon said real estate cov 1. 1 1
<br />ered by said�mortgage, and
<br />any and all other taxes, levies -and assessilnent's levied upon
<br />this mortgage, or the note which.this mortgage is.gl'ven to.
<br />secure before the same becomes delinquent,jand to-keeb the
<br />buildings'on said premises as they are constructE�d,�insured
<br />to at least the sum of THIRTY-SEVEN THOUSAI,'jb,�FIVE-HUNDRED
<br />AND N01100 DOLLARS ($37,500.0.0), loss, if payable to
<br />the Mortgagee, then these presents to be voidj otherwise,
<br />shall remain in full force and effect.
<br />IT IS�FURTHER AGREED:
<br />That if the said Mortgagor should fail to
<br />pay such -taxes or procure su.h insurance,
<br />the Mortgagee may'pay such t1xeq and pro-
<br />cure such, insurance; and thel
<br />sum so
<br />advanced, with interest at Ni I ne I Per Cent
<br />(9%) shall be repaid. by.the said Wort-
<br />gagors, and this mortgage shall stand as
<br />security for the same.
<br />That failure to pay any of th said money,
<br />either the principal or -interest', when the
<br />same becomes due,or any attenr�:)t made to
<br />assign the said indebtedness or the property
<br />covered in said mortgage, or failure to
<br />comply with any of the agreements contaiAed
<br />'F
<br />Zo record -za—)
<br />irl Book
<br />421 � —IC a t
<br />Je, -erlo
<br />Fisher, Regis'.
<br />Hall Co�nty,
<br />4
<br />32
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