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S1 A —REAL ESTATE MORTGAGE —(With Tax Clause) Huffman and Fellon i Wolf, Walton, No. 68162
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<br />KNOW ALL MEN BY THESE PRESENTS: That DOUGLAS A. ADAMS and TAMARA E. ADAMS,
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<br />• ;husband and wife,
<br />Of Hall County, and state of Nebraska in consideration of the sum of
<br />F - -- Thirty -two Thousand ($32, 000. 00) ------- --- --------- -- ------- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto CLAYTON H. ADAMS and MAXINE C. ADAMS,
<br />as joint tenants,
<br /># t of Hall County, State of Nebraska the following described promises situated
<br />I in Hall fit, and state of Nebraska to-wit:
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<br />The Easterly 124�e} `F) Three (3), and
<br />all of Lat Two Di & FJ stop s Addition
<br />to the City of Grand Island, Hall County,
<br />Nebraska.
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<br />�333
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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 appurtenances 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 pay or cause to be
<br />paid to the said mortgagee(,), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 3 2 , 000. 00 j
<br />payable as follows, to wit: The principal amount is payable on the 14th day of
<br />January, 1990; interest in the amount of $160 per month is payable on
<br />February 14, 1987, and a like amount of $160 on the 14th day of each
<br />month thereafter until said principal is paid;
<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 , r e unpaid balance 1139 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 takes and procure such insurance; and the sum so advanced, with interest at 12 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 />i agreements, shall cause the whole stun of money herein secured to become due and collectible at once at the option of the
<br />mortgagee. e�
<br />Signed this a3f? day of January 19 87
<br />In presence of ..............
<br />-DO tlas ms
<br />eoti
<br />...... ... .........
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<br />Tamara A ams °" " " "" "°
<br />STATE OF .NEBRASKA ................ County of .. Ha 1.1
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<br />The foregoing instrument was acknowledged before me .... J. alluazy ... °Z3 ................19.$7.
<br />by DOUGLAS.A...ADAMS.and TAMARA E. ADAMS, husband and wife, for the pur-
<br />poses therein stated. t'
<br />Signature of Person Taking Acknowledgment
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