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<br /> REAL BSTATF3 MORZ�OAC38 �5`� 1U�Sl�i() r
<br /> THAT Karen L. Reinhardt, married, and Jim R. Rainhardt, her
<br /> hasband, in ccneideration of Thirty One Thnueand Five Hundred
<br /> Dollara t$31,5Q0.00) in hand paid, da hereby 88LL airid COY�v�X unto
<br /> William Fred 3chritG, ail of their rigk�t, tiCle and interest in anc�
<br /> to the Eollowing described premieea sltuatea ia xaii e�o��n�y �srui ,
<br /> State o� Nehraska� to-wit:
<br /> Lot Four (4y , Block Seven �7) , t3ladstone Pla�e,
<br /> C3rand Island, Hfall Couuty, Nebraeka
<br /> The iatentiAn being to convey heXeby an absolute titie in fee
<br /> aiaaple including a�.� �he rights of homeatead and dower. _
<br /> TO HA`TS AND TO HOLD the premise� above described, with all the
<br /> appurtenances thereto belonging untn �he said mortgagee or
<br /> mortgagees and to his, her of their heirs and aseigns� forever,
<br /> provided a].waye, and these presents are upon the expreas condition
<br /> that if the �aid martgagor or mortgagors, hie, her or their heira,
<br /> executors, adminiatrato�s ox aseigns ehalA pay or caueo to be paid
<br /> to the said mortgagor or mortgagors and to hie, h�x or their heirs,
<br /> executore, administrator�t, or aesigas. the eum of 531,500.00
<br /> payable ae follows, to-wit:
<br /> Payable in th� amount of $360 per month, commeacing on =
<br /> October 1, 1995, aad continuing until all principal and
<br /> interest are paid in full accordiag to the tenor and, �
<br /> effect of a promiesory aote dated September 20th, 1995,
<br /> artd ariy extenaion, modification or renewal of said noto
<br /> of said Mortgagor.
<br /> and if Mortgagor shall pay all taxes and aay intereat an, or
<br /> maturiag installmeate of principal, due on any prior mortgag� and
<br />". assesamente levisd upon said reai estatg and all oth�r taxes,
<br /> levies and assessmente levied upon this mortgage or the note �ahich
<br /> this mortgage is givea to secure, before �he aame becomes
<br /> delinquent and keep the bufldings on eaid premises ineure3 for the
<br /> aum of $50,000.00, lose, if aay, payable to thie caortgagee, theh
<br /> these presenta be voi8, otiherwiae to be and rema3a ia fuli �orce.
<br /> IT IS F�JRTHBR AO1tS8D (1) that if the eaid mortgagor sha31 fai�l
<br /> to pay such taxes and such interest o�a, or maturing installnten�s t�r ,
<br /> priacipal, 8ue on any priar mortga:g� and procure auch irssurarice,
<br /> then this mnrtgagee may pay suctx taxes aad e�ch fu�erest an, or
<br /> maturing installrnents of principal, due on euah grior mortgage and
<br /> procure such inswrancej and the sum sc� advaaced with iaterest at
<br /> nisae percent shall be paid by sa3d mortgagor, and this mortgage
<br /> shall stand a►5 security fos ��e same. (2) �'hat a fa.ilure to pay '
<br /> any af eai.d.money, either priacipai ar interest on ehis or any
<br /> prior mprtgage, whea the same becomes due or a failure to comply
<br /> �vi�h any oE the faregoing agrQements, shall cause the whol� sum of
<br /> money herein �ecured to become due and collectable at once at the
<br /> option vf the mortgagee.
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