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<br />88- 100876
<br />
<br />I
<br />
<br />REAl ESTATE MORTGAGE
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: That Kenneth L. Shriver, a single
<br />
<br />person Merrick County, and State of Nebraska, in consideration of the sum
<br />
<br />of ONE HUNDRED EIGHTY THOUSAND DOLLARS ($180,000.00) in hand paid, do
<br />
<br />hereby SELL and CONVEY unto Holdrege Federal Credit Union Phelps County,
<br />
<br />State of Nebraska the following described premises situated in Hall County,
<br />
<br />and State of Nebraska, to-wit:
<br />
<br />The westerly 363 feet (363') of the Southwest Quarter (SW1/4) of the
<br />Southeast Quarter (SE1/4) of Section Twelve (12), Township Eleven (11)
<br />North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska, 11 acres
<br />
<br />The westerly 25.2 acres of the Southwest Quarter (SW1/4) of the Southeast
<br />Quarter (SE1/4) of Section Twelve (12), Township Eleven (11) North, Range
<br />Ten (10) West of the 6th P.M., Hall County, Nebraska.
<br />
<br />and the following-described real estate in Merrick County, Nebraska;
<br />
<br />Lot 4, Block, Ayres Second addition, 2 Merrick County, Nebraska
<br />
<br />The intention being to convey hereby an absolute title in fee simple,
<br />including all the rights of homestead and dower.
<br />
<br />TO HAVE AND TO HOLD th~ premises above described, with all the
<br />appurtenances thereunto belonging, unto the said mortgagee(s) and to his,
<br />her or heirs and assiglls forever, provided always, and these presents are
<br />upon the express paid to the said mortgagee(s), his, her or their heirs,
<br />executors, administrators or assigns, the principal sum of ONE HUNDRED
<br />EIGHTY THOUSAND AND NO/100 ($180,000.00) DOLLARS payable as follows, to-
<br />wit:
<br />
<br />One Lump Sum Payment of $;{Do.(}eD, due .2-I.;2~/9Yr
<br />
<br />with interest according to the tenor and effect of the mortgagors written
<br />promissory note bearing even date with these present and shall pay all
<br />taxes and assessments levied upon said real estate, and all other taxes,
<br />levies and assessments levied upon this mortgage or the note which this
<br />mortgage is given to secure, before the same becomes delin~uent, and keep
<br />the buildings on said premises insured for the sum of $;iSO,I)()6:J, if: ,
<br />loss, if any payable to the said mortgagee, then these present to be void,
<br />otherwise to be and remain in full force.
<br />
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay
<br />such taxes or procure such insurance, the said mortgagee may pay such taxes
<br />and procure such insurance; and the sum so advanced, with interest at 14
<br />per cent, shall be repaid by said mortgagor, and this mortgage shall stand
<br />as security for the same. (2) That a failure to pay any of said money,
<br />either principal or interest, when the same becomes due, or a failure to
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