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I SECOND REAL ESTATE INIORTGAGE I
<br />KNOW ALL MEN BY THESE PRESENTS: THAT f or WE. Bobby A. Graves and Darnell A. Graves, Husband
<br />and Wife
<br />of Hall' Court} and State of Nebraska, in consideration of the sum of 55329.34 * ** *Five thou
<br />tt}h�re hungted twgnt nine dpp,111t�r�s and 34/100 * * * * * * * * *** * * * * * **
<br />DOLLAR-S_in �iand paid, do hereby S LL and CON AMFRICAN FAMILY FINANCIAL SFRVICF,S, INC.. (mattgagtel, of
<br />Douglas County. and State of Nebraska, the folb wing described premises situated in Hall County, and State of
<br />Nebraska, to.- wit.
<br />:Lot, Knickrehm 8th Addition-to the City of Grand Island, Hall County, Nebraska
<br />CORRECTED LEGAL:
<br />Lot 2, Knickrehm 8th Addition to the City of Grand Island, Hall County, Nebraksa
<br />This mortgage is junior to:
<br />None.
<br />This is a first mortgage
<br />o.
<br />it]
<br />This tips ?)Homestead Property. -
<br />The intention being to convey hereby an absolutt title in fee simple inclu&ng all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premise's ah'rve:described, with all the appurtenances thereunto belonging unto the said mortgagee or
<br />mortgagees and to his, her or their heirs and atsf. forever, provided alwayf, and these presents are upatt the express condition that if the d.
<br />said mortgagor or mortgagors, his, her orlb -zir liefrs, executors, administrators or assigns shall f5M29. r cause to be paid to the said mortgagee
<br />or mortga ees and to his, her or their heirs, executors, administrators or assigns, the sum of 34 * * ** * Five thousand
<br />t�tree hundred twenty nine; dollars and 34/10 * * * * * * * ** *
<br />Dollars, payable as follows, to -wit:
<br />Twenty four (24). installients at $253.34 each * * * * * * * **
<br />ii with interest thereon at 12.99per cent per annum according to the tenor and effect of the one promiswry note with interest
<br />iapoas,�ttached of said Mortgagors, bearing even date with these presents, and shall pay all taxes, and any:2aherest on, or maturing �#
<br />aria^ Mrrents of principal, due on any prior mortgage and avimkrnents levied upon said real estate and all other tafi invies and assessments ..
<br />tdc %e'w t *.•pon this mortgage or the note which this rnortp ire, -s given to secure, before the same becomes delinqucn'. zitd keep the buildings i >:
<br />11 of siid.premises insured for the sum $5500. QO*k * *** * * * * loss, if any, payable to such first mortgagees or Onis mortgagee, or both, _
<br />then 1aese presents be void. otherwise to b,? and zt �4.� ::� full force.
<br />f iT 6, FURTHER AGREED (1) That if the s�_s,4 r shall fail to pay such taxes and such interest on, or maturing installments of
<br />principal, tss
<br />ipal, due on any prior mortgage and ptasure such iace, then this mortgagee may pay such taxes and such interest on, or maturity
<br />installments of principal, due on such prior mortgage and procure such insurance; and the sum so advanced with interest at 12.99 per -
<br />I cent.shall be paid b -,; Id mr. rfg;Wpr, and this'anortgage shall stand as security for the same. (2) Thak t. Failure to pay any of said.roney.
<br />either principal or icte ^xc ran [Ids or any other prior mortgage, when the ra r,e becomes due or a (aitn •eu..romply with any of the li:yr."going
<br />agreements, shall cause the w•hd#9 sum of money herein securexi�-_ beet;-me dn; - and co;lectible at ono V, the option of the mortgagee.
<br />IT N,FURTHER AGREED Vj:il; said mortgagee. pending creclosure ni cr s _rtu; .and after decree and f aiding stay thereon or
<br />,c�9 t(;�rcfrom anti pending cm,b'of premises mortgaged, ii►ay pay such taxes and =._1z !ag interest or maturing inA:allments of principal,
<br />on prior mortgages, procure such insurance and such sums shall he added to the ayn v.ri• line on decree and upon "kin rmation of sale by
<br />the court ordered taken out of proceeds of _&J .or if redeemed during stay, appeal cr sale, such amounts shall be collected the same as
<br />though it were a part of such decree .
<br />IT IS FURTHER AGREED'ilutiitthc6i&7.t of default of any of the covenants oreonditions of thisinstrument thetcrits of thepremises
<br />are hereby assigned to the Mortgltgt € as security for the payment of the indebtedness F QWTed by this agreement.
<br />IX Ly FURTHER AGREED 'i hil• this !Mortgage Note shall be due and payable if t;pr: fir-petty subject to this mortgage is conveyed away
<br />or if', title thereto shall be vested in any other
<br />Sjgr aed this 10th day. of Mar`ah '1989 ? r
<br />In pretense of
<br />......................
<br />S
<br />wI7Iy1sSS OWarn Graves
<br />A )
<br />11 A. G ayes
<br />STATE OF ....... Nebraska ....... ............................... . County of -... Ha11........................................... :
<br />Before me, a notary pub lac gvalified for said county, personally came Bobby A. Graves and Darnell A. Graves,
<br />Husband and Wife
<br />known to me to be the ide.911md'persort or persons who signed the foregoing instrument and acknowledged the execution thereof to be his,
<br />her or their voluntary ac-t arrildeed. k1?
<br />on........... ............................... 19 . ... . /
<br />y mission clt ........ � ... 19 7 .............. �� . Notary Public_
<br />- STATE OF ......... .... .. ... ...............................
<br />Entered on numerical index and fitcvt for retard
<br />Crxmty .. ... in the Register of Deeds Office of said County the
<br />L.......... day o, ............... , 19 .......... , at . o'clock and ............ minutes .............. M-,
<br />and tecorded iv [look ............................... of ....... .............. at page .......... .
<br />_ ........... _ ................ .
<br />lie•
<br />T11IS 1NSTIRUME%T DAAFTIED 8Y: _—
<br />..... Reg of Deeds
<br />. .......... - -- Mputy
<br />41
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