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<br />62yj--- SECOND REAL ESTATE MORTGAGE —Mth Tax Ctsuse Teo Huffman General 9uprlr Mouse, Lincoln. *tree.
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<br />KNOW ALL BEN BY THESE PRESENTS: ��"� � O � Jr
<br />THAT I or RIE, MORRIS J. PALMER and JL1DY A. PALMER, Husband and Wife
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<br />is of Hall County and State of Nebraska . in consideration of the sutm of
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<br />THIRTY -EIGHT THOUSAND ($38,000.00) DOLLARS
<br />in hand paid, do hereby SELL and CONVEY Canto CLINTON STATE BANK, CLINTON MINNESOTA
<br />l(mortgagee),
<br />aj. Bigstone County, and State of Minnesota , the following described pretniscs
<br />jl sicwted in Hall County, QMJ State of Nebraska to -:cKt:
<br />. Lot Twenty (20) in Block Four (4) in the Replat
<br />of Riverside Acres, an Addition to the City of
<br />Grand Island, Hall County, Nebraska
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<br />I August 18
<br />Subject to a Deed off Trust filed on g , 1986 , as E7ocum4ent
<br />i Number 86- 104651 at the Register of Deeds, Hall County., Nebraska.
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<br />The intention being to convey hereby on absolute title in fee simple including all the rights of homestead and dower.
<br />Tn HA_ 1!E ANl1 To HOLD the premises above described. with all the appurtenances thereunto belonging unto
<br />i` t the said mortgages or mortgagees and to his, her or their heirs and assigns, forever, provided always. and these pres-
<br />ents are tipasR the express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, admin-
<br />istrators or au yes shall pay or cause to be paid to the said iortgagee or mortgagees and to his, her or their heirs, ex-
<br />I�eru ors, administrators or assigns, the sum of Thirty -eight Thousand ($38,000.00) * * * * * * *
<br />f * * • • * * * * .. * r * . s +t * * * * * • * * * * Dollars, paycblv-as follows, to -idt:
<br />The entire sum and accrued interest are due and payable
<br />August 11, 1989.
<br />jai h interest ehereox at 12; per cent per anxact; payable at maturity, according to the tenor and effect of
<br />the promissory note udth interest coupons attached of said Afortgagors, bearing even date with these pres-
<br />ents, and shall pay all taxes and any interest on, 0*1 inaturing installments of principal, due on any prior mortgage and
<br />assemments levied Capon said real estate and all other taxes, lenses and assessments levied upon. this nwrtgage or the
<br />note which this mortgage is given to arcurr, before the same becomes: delinquent and keep the buildings on said
<br />premises insured for the sum $ , loss, if any, payable to such first mortgagees or this mortgagee, or both,
<br />Mien those presents be void, others im to be and remain in fide force.
<br />IT IS FURTHER AGREED (t) That if the said mortgagor shall fail to pay such taxes and such interest on,
<br />or +maturing installments of principal, due on any prior mortgage and procure such insurance, fh n this mortgagee may
<br />pay such texts and such ixterest on, or maturing installments of principal, due on such prior mortgage and procure
<br />such insnaace; and tlu Sum to advanced with interest at nine per cent shall be paid by said mortgagor, and this mort-
<br />gage shall stlaW as srenrity for tAe some. (2) That a failure to pay any of said money, either principal or interest on
<br />! this or any prior mortgage, whex the same becomes dine or a failure to eonrply with any of the foregoing agreements.
<br />Shan cause the whole sum of $money herein secured to become due and collectable at once at the option of the "sort-
<br />: ydyar.
<br />IT IS FURTHER AGREED That said $norigagtt, pending foreclosure of this mortgage and after decree anti
<br />prxdimy stay eherrore or appeal therefrom and pending sale of premises mortgaged, may pay such taxes and $naturinrg
<br />1 interest or "L- ifuring installments of principal, on prior mortgages, procure such insurancc and such sums shall be
<br />added to ihr amount due on decree and upon eunfrrmation of sale by the court ordered taken out of proceeds of sale,
<br />or of redcc►ncd during sliy, appeal or sale, such amounts shall be en;l_tted slit <<rr,:; rs Ntnugh it vwr a cart of such
<br />drerrr.
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