88101936 - Laserfiche WebLink

Browse

I 88- 101936 SECOND REAL ESTA'fE MORTGAGE KNOW ALL MEN BY THESE PRESENTS: That ROY D. DeMARS and MARY GAYE DeMARS, Husband and Wife of Adams County, and State of Nebraska, in consideration of the sum of Twenty-three ~10usand Eight Hundred Seventy Dollars Thirty-nine Cents ($23,870.39) in hand paid, do hereby sell and convey unto LARRY W. LAMBRECHT ~nd SHERYL J. LAMBRECHTr Husband and Wife of Boulder County, State of Colorado, the following described premises situated in Hall CountYr and State of Nebraska, to-wit: A tract of land known as part of an island or towhead lying North of lDt Six (6) and Westerly of a county road in Section Seventeen (17), Township Nine (9) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska, more particularly described as follows: Beginning at the Southwest corner of said Section 17, thence Norther ly a long the Wester ly line of sa id Lot 6 a distance of One Thousand Four Hundred Twenty and Three Tenths (1420,3) feet to the meander corner: thence deflecting right 49' 37' and in a Northeasterly direction Two Hundred Sixty-six and Five Tenths (266.5) feet (assuming said line being N 48' 33' E) to the Actua 1 Point of Beg inning; thence N 40' 36' E a distance of Four Hundred Fi fty-three and Four Tenths (453.4) feet; thence N 44' 33' E a distance of Two Hundred Sixty and Two Tenths (260.2) feet; thence N 39' 19' E a distance of Thirty-four and Eight Tenths (34.8) feet; thence N 53' 01' E a distance of One !rundred Twenty-five and Three Tenths (125.3) feet; to a point on the center of the County Road Right-of-Way: thence S 18' 15' E along the said center of the County Road Right -of-Way a distance of Four Hundred Ninety and Eight Tenths (490.8) feet to a point on the C~n- terline of a dry channel; thence S 75' 07' Wand along the centerline of a dry cllannel a distance of Seven Hundred Fourteen and Four Tenths (714.4) feet; thence N 74' 07' W a distance of Sixty-five and Two Tenths (65.2) feet to the Actual Point of Beginning and containing 4.89 acres, more or less, plus accretion to the center of the middle channel of the Platte River. The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower. ,I TO HAVE AND TO HOLD the premises above describ8d, with all the appurtenances thereunto belonging, unto the said mortgagee(s) and to his, her, or their assigns forever, provided always, and these presents are upon tile express condition that if the said mortgagor(s}, his, her, or their heirs, executors. administra- tors, or assigns shall payor cause to be paid to the said mortgagee(s). his, her, or their executors, administrators, or assigns the principal SUm of Twenty-three Thousand Eight Hundred Seventy Dollars Thirty-nine Cents ($23,870.39) payable as follows, to-wit: On August 31, 1988, or upon sale of the mortgagors' home at 3100 Paradise Drive, Hastingsr Nebraska, whichever occurs first, with interest according to the tenor and effect of the mortgagors' written promissory note: and shall pay all taxes and assessments levied upon said real estater and all other taxes, levies, and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on said premises insured for the sum of value. loss, if anYr payable to the said mortgagee(s)r then these presents to be voidr otherwise to be and remain in full force.