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<br />1 0 0 9 61 Huffman and Felton & Wolf, Walton. Ne. 68461 il
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<br />52.A-REAL ESTATE MORTGAGE-(Wlth Tax Clause)
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<br />88-
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<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />WALTER L. VARGASON and LINDA J. VARGASON, husband and wife
<br />of Hall COlinty. and State of Nebraska . in consideration ofthesumof
<br />THIRTY-FIVE THOUSAND ($35,000.00)-------------------------------- DOLLARS
<br />in hand paid. do hereby SELL and CONVEY unto
<br />GERALD J. DeFREHN and WANDA DeFREHN, husband
<br />of Hall County, State of Nebraska
<br />in Hall County. and State of Nebraska
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<br />and wife as joint tenants,
<br />the following described premises situated
<br />. to-wit:
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<br />Lot Twenty-Four (24) in
<br />View Fourth Addition to
<br />Hall County, Nebraska.
<br />
<br />Block One (1) in Pleasant
<br />the City of Grand Island,
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<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 appurtenanccs thereunto belonging. unto the said
<br />mortgagee(s) and to his. her or their heirs and assigns 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 (s), h~, her or their heirs, executors. administrators or assigns, the principal sum of $ 35, 000
<br />payable as follows, to wit:
<br />
<br />$365.48 per Ironth, principal ani interest, at 9~ percent per annum, first payment to
<br />be nade on June 1, 1988, on the first day of each succeeding Ironth thereafter for
<br />a total of 180 m:mths until fully paid. r-Drtgagors shall have the right to prepay
<br />all or any portion ')f the unpaid principal balance at any tirre, \'li.thout penalty as
<br />to interest.
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<br />with interest according to the tenor and effect of the mortgagors written promissory note 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 $ 3 5 , 0 0 0 ' 1088, 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 />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 16 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 />al:reements. 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 d ~ - day of N6..... ., 1
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<br />In presence of
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<br />STATE OF . . . . NE~MSl<h. . . . . . . . . . . ., County of . .~N!:Y. . . . . . . . . . . . . . . . . . . . . :
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<br />The foregoing instrument was acknowledged before me .................................... .19 . !3.~ .
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<br />Linda J. Vargason, husband and wife, for
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<br />by . .. .'&alt.er. .J... . Y.ar.ga.son and
<br />the ~~rpos~~~~t~ated.
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<br />I ... '~....'..... G.[~H.H H;01l.,Y - Sl~:" 0' 1.~btZlk3
<br />I i.~ L. G. THf.OOP
<br />I E"-.~,,b:1i My COi~'n. bp. Dec. 14, 19
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<br />~Q......................
<br />Signature of erson T 'ing Acknowledgment
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<br />. N.Q1~~Y. .~I)~!-.I.~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br />Title
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<br />. ::n:: ~~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: } 88.
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<br />Entered on numerical index and filed for record
<br />in the Register of Deeds Office of said County the
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<br />................ .......day of..............................................., 19............. at. ..............................o'clock and..............................minutes ......................M.,
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<br />and recorded in Book...... ....... ...... ...... ............... .of.. .............................. ........at pege...................................... ......
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<br />....Reg. of Deeds
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<br />By.......
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<br />.......... . Dcputy
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