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<br />88- 100659 Huffman and Felton & Wolf, Walton, Ne, 68461
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<br />!i . 52.A-REAL ESTATE MORTGAGE-(Wlth Tax Clause)
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<br />Grand Island Clinic Building Co., a
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />Partnership,
<br />of Ha 11 County. and State of
<br />ONE HUNDRED TWENTY THOUSAND AND
<br />in hand paid. do hereby SELL and CONVEY unto
<br />Nebraska corporation,
<br />of liall
<br />in Ha 11
<br />
<br />Nebra ska . in consideration of the sum of
<br />NO /100 _ _ _ _ _ _ - - - - - - - - - - - -'. - - - - - - - - - DOLLARS
<br />Grand Island Clinic Bldg., Inc., a
<br />
<br />Nebraska
<br />Nebraska
<br />
<br />the following described premises situated
<br />. to.wit:
<br />
<br />County. State of
<br />County. and State of
<br />
<br />Lot One (1) in Medical Park Subdivision in the City of
<br />Grand Island, Hall County, Nebraska, as surveyed, platted
<br />and recorded.
<br />
<br />(This obligation and mortgage is subject to the terms of a previous
<br />mortgage to Commercial National Bank and Trust Company, Grand Island,
<br />Nebraska, recorded as Document No. 77-001050 in the Register of Deeds
<br />of Hall County, Nebraska, and is subject to a Deed of Trust in favor
<br />of Five Points Bank, Grand Island, Nebraska, indicating an obligation
<br />in the amount of $350,000.00)
<br />
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described. with all the appurtenances thereunto belonging. unto the said
<br />mortgagee(s) and to his. her or their heirs and aS3igns forever. provided always. and these presents are upon the express
<br />condition that if the said mortgagor(s). his, her or their heirs. executors, administrators or assigns shall payor cause to be
<br />paid to the said mortgagee(~~1iMXlK~~Xi~M;;X~COKlX~9tMXl>>l or assigns, the principal sum of $120 , 000.00
<br />payable as follows. to wit:
<br />
<br />Payments of principal and interest on an amortization basis of $2,549.65
<br />per montn in sixty (60) monthly payments.
<br />
<br />with interest according to the tenor and effect of the mortgagors written promissory not.e bearing even date with these presents
<br />and shall pay all taxes and assessments levied upon said real estate. and all other taxes. levies and assessments levied upon this
<br />mortgage or the note 'which this mortgage is given to secure. before the same becomes delinquent. and keep the buildings on
<br />said premises insured for the sum of $ 500 , 000 . 00 . loss. if any. payable to the said mortgagee. then these presents
<br />to be void. otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance. the
<br />
<br />said mortgagee may pay such taxes and procure such insurance; and the sum 80 advanced. with interest at eleven per
<br />cent. shall be repaid by said mortgagor. and this mortgage shall stand as security for the same. (2) That a failure to pay any
<br />of said money. either principal or interest. when the same becomes due. or a failure to comply with any of the foregoing
<br />agreements. shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee,
<br />Signed this Is t day of February 19 88 .
<br />
<br />In presence of
<br />
<br />G.RAN.D....l.S.L.8NP.....CL.lN.l.C...,B.,UIL.D,l..NG....CQ,.../.....A
<br />PARTNERSHIP
<br />BYk~ll~~
<br />
<br />
<br />. . . . tI.a)), . . . . . . . . . . . . , , , . . . :
<br />
<br />... .~A1r.-" .\.~......,.... .19 .138,
<br />
<br />............................-........-....... ...................................... ...............-.... ..._._..._...........~
<br />
<br />................................................................................................... ....-.....-..........-.
<br />
<br />STATE OF . . . . . . . ~.E:~~~~.~[\. . . . . . . . , .. County of
<br />
<br />The foregoing instrument was acknowledged before me
<br />
<br />by .~~.\l~\J.-!\~u... ^
<br />~\
<br />
<br />, General Partner.
<br />
<br />
<br />r-:---.. ,- '---
<br />siG;;l. of P."'; ~~,........
<br />
<br />---..........
<br />1IJlRY GUVES
<br />.,.... EJp. liar. 20. 1988
<br />
<br />. , , , , , . . , , . . ,NoLa .y., P.ubl i.c, , . . , , . . . , . . . , . . . ,
<br />Title
<br />
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<br />
<br />Entered on numerical index and filed for record
<br />in the Register of Deeds Office of said County the
<br />
<br />.........."......"....duy 01...,......,.....,.........,.,........,.........,. 19......,...... aL..............................o.c\ock and............,....,... ..,.....minutes ...,..................M..
<br />
<br />and recorded In Book.,..,................,.................."of,......"...................., .........at page........,..........,.............
<br />
<br />,Heg, of Deeds
<br />
<br />By...... '
<br />
<br />Deputy
<br />
<br />.It ~
<br />
<br />
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