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<br />53-A-REAL ESTATE MORTGAGE-With Tax Clau..
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<br />88- 10422 2 Hullman and Fellon & Wol'. Wallon. Ne. 68461
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<br />Husband & Wife of each other
<br />of Hall County, and State of
<br />Eighteen Thousand # ($18,000.00)
<br />in hud paid, do hereby SELL and CONVEY unto
<br />Chapman Co-operative Credit Union
<br />
<br />Nebraska
<br />
<br />(Mortgagor )
<br />, in coDllideration of the BWD of
<br />DOLLARS
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<br />KNOW ALL MEN BY THESE PRESENTS, THAT
<br />
<br />Elmer E. Pollock & Joy Dugan Pollock
<br />
<br />of Merrick
<br />situated in Hall
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<br />County, and State of
<br />County, and State of
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<br />Nebraska
<br />Nebraska
<br />
<br />(Mortgagee )
<br />the following described premilles
<br />to-wit:
<br />
<br />The Northwest Quarter(NWt) of Section Eleven (11), in Township Twelve (12), North,
<br />Range Ten (10), West of the 6th P.M., in Hall County, Nebraska; except a part of the
<br />Southwest Quarter of the Northwest Quarter (SWtNWt) of Section Eleven (11), in
<br />Township Twelve (12), North, Range Ten (10), West or the 6th P.M., in Hall County,
<br />Nebraska, more particularly described as follows, to wit; Commencing at the south-
<br />west corner of said NWt; thence running North 190 feet; thence running East 344
<br />feet; thence running South 190 feet to the South line of said section; and thence
<br />running West to the point of beginning, which was deeded to the Loup River Public
<br />Power District on November 19, 1962, and was duly recorded in Book 140, of Deeds,
<br />at Page 441, in the Office of the Register of Deeds, Hall County, Nebraska.
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<br />(Subject to existing mortgage of $18,000.00 dated May 15, 1987)
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<br />The intention bein, to convey hereby an abeolute title in fee simple including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premi.ees above described, with all the appurtenances thereunto belonging unto the
<br />said mortpgee and to its hell'll and IllJlIIgns. forever, provided a1waY8, and theee preeente are upon the ezp~
<br />amdition that if the aforeeaid mortgagor ,the ir heirs, executol'll. administratol'll or 888i1DB shall payor C8uee to be
<br />paid to the ISlIid mortgqee its hell'll, execuOOl'll, administrstol'll or lllIlI11D8. the lum of
<br />Eighteen Thousand # ($18,000.00) Dcllim, payable 88 follawa, tc.wit:
<br />$ 18,499.07 Dollare on the 29th day of Oc to ber . 19 88
<br />Dollal'll on the day of . 19
<br />Dollal'll on the day of , 19
<br />Dollal'll on the day of . 19
<br />DoI1are on the day of , 19
<br />with internt thereon at 11 per cent per annum. payable annually all according to the tenor and elfect of
<br />. certain promi88Dry note of said mortgagors
<br />
<br />date of July 19,~ith interest commencing July 29th, the date of disbursement.
<br />bearing _"'lIIIilb:~.JIiIIIIMa and Ihall pay all taxee and _ente levied upon ISlIid real eetate, ud all other tans.
<br />levi.. and _te levied upon this mortgage or the note w blch thioI mortgage ill given to eecure, before the eame become.
<br />delinquent, and keep the buIldinp on Aid premleee insured for the eum of . 1.-, if any, payable to
<br />the Mid mortppe. then th_ preMlnte to be void, otherwiae to be and remain in full force.
<br />rr IS FURTHER AGREED (1) That if the ISlIid mortgagor shall fall to pay neb tuee or procure neb ineurance. the
<br />said mortIagee may pay ncb tuea and procure nch insurance; and the 8um 80 advanced. with interest at 11 per cent
<br />abaI1 be paid by uid mortgagor, and thl8 mortgage shall 8land 88 security for the aame. (2) That a failure to pay any of said
<br />_Y. either princ:!pa! or intereat when the eame becomee due. or a failure to comply with any of the foreloinc qreementa,
<br />ahaIl cauae the wbole eum or money herein eecured to become due and collectible at once at the option of th.. morq.._
<br />Biped trn. 29th day of July . 19 88.
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<br />In preeence or
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<br />Entered on numer/eIll Inde. L'Id !lIed for record
<br />In the Re,iater or Deeda OIIIce Dr Mid County the i
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<br />19............. .t................................o.clock and......
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<br />..mlnu" .....................M.. :
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<br />..Rel. Dr DMda
<br />Det,uly
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