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A <br />L <br />F <br />. I <br />62yj--- SECOND REAL ESTATE MORTGAGE —Mth Tax Ctsuse Teo Huffman General 9uprlr Mouse, Lincoln. *tree. <br />r; <br />KNOW ALL BEN BY THESE PRESENTS: ��"� � O � Jr <br />THAT I or RIE, MORRIS J. PALMER and JL1DY A. PALMER, Husband and Wife <br />�4 <br />is of Hall County and State of Nebraska . in consideration of the sutm of <br />.i <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 <br />jj. <br />4 <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. <br />ti - <br />i <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. <br />S'rgacd tluc d::V of <br />4 <br />f• $ <br />