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<br />88--= 100080 <br /> <br />r <br /> <br />REAL ESTATE MORTGAGE <br /> <br />KNOW ALL HEN BY THESE PRESENTS: <br /> <br />That PAUL LUEX of st. Libory, Howard County, Nebraska, in <br />consideration of the sum of TEN-THOUSAND DOLLARS ($10,000.00), in <br />hand paid, does hereby SELL and CONVEY unto FATHER ANDREW H. <br />AUGUSTYN, the following described premises situated in Hall <br />County, and state of Nebraska, to-wit: <br /> <br />Lot Two (2), Block Sixteen (16), H. G. Clarks <br />Addition to the City of Grand Island, Hall <br />County, Nebraska (Lot size: 52.8' X 132'), <br />known as 607 West 8th street, Grand Island, <br />Hall County, Nebraska. <br /> <br />The intention being to convey hereby an absolute title in fee <br />simple, including all the rights of homestead and dower. <br /> <br />TO HAVE AND TO HOLD the premises above described, with all the <br />appurtenances thereunto belonging, unto the said mortgagee(s) and <br />to his, her or their heirs and assigns forever, provided always, <br />and these presents are upon the express condition that if the said <br />mortgagor(s), his, her or their heirs, executors, administrators <br />or assigns shall payor cause to be paid to the said mortgagee(s), <br />his, her or their heirs, executors, administrator or assigns, the <br />principal sum of $10,000.00, payable as follows, to-wit: <br /> <br />$1,500.00 per year on the principal balance, the first <br />payment thereon to be made on the 2nd day of September, <br />1988, <br /> <br />with interest according to the tenor and effect of the mortgagor's <br />written promissory note bearing even date with these presents and <br />shall pay all taxes and assessments levied upon said real estate, <br />and all other taxes, levies and assessments levied upon this <br />mortgage or the note which this mortgage is given to secure, <br />before the same becomes delinquent, and keep the buildings on said <br />premise insured for the sum of $35.000.00, loss, if any, payable to <br />the said mortgagee, then these presents to be void, otherwise to <br />be and remain in full force. <br /> <br />IT IS FURTHER AGREED (1) That if the said mortgagor shall <br />fail to pay such taxes or procure such insurance, the said <br />mortgagee may pay such taxes and procure such insurance; and the <br />sum so advanced, with interest at ~ per cent, shall be repaid <br />by said mortgagor, and this mortgage shall stand as security for <br />the same. (2) That a failure to pay any of said money, either <br />principal or interest, when the same becomes due, or a failure to <br /> <br /> <br />L <br /> <br />"L <br /> <br />L <br /> <br />. , <br /> <br /> <br />u <br /> <br />r- <br />i <br /> <br />-.J <br /> <br />J <br />~ <br />J <br /> <br />l. <br />