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<br />88--= 100080
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<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
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