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<br />M-4MAL Stt1'ATE MORTGAGE--(W tb Tom Clau") The Nauman General Supply Hausa, Lincoln, Nebr. QQ
<br />KNOW ALL MEN BY THESE PRESENTS: That Danny R. Ryan and Peggy J. Ryan
<br />husband and wife,
<br />of , Hall County, and State of Nebraska , in consideration of the sum of
<br />THIRTY FOUR THOUSAND FIVE HUNDRED DOLLARS ($34,500.00) DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto
<br />WINFRED L. PEARSON And EULA R. PEARSON, husband and wife,
<br />Of Platte County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska , to -wit:
<br />Lot Three (3), Block Two (2), Claussen Country View
<br />Addition, an Addition to the City of Grand 'island,
<br />Hall County, Nebraska.
<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,
<br />unto the said mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are
<br />upon the express condition that if the said morigagor(s), his her or their heirs, executors, administrators or assigns
<br />shall pay or cause to be paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the
<br />principal sum of s 34, 500.00 payable as follows, to wit:
<br />The sum of $302.76 in monthly installments commencing on the first
<br />day of July 1987, and on the first day of each month thereafter
<br />until July 1, 1997, when a payment of $31,635.47 shall be due
<br />and payable
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<br />with interest according to the tenor and effect of the mortgagors written h ,.,a thous
<br />presents and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments
<br />levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and
<br />i keep the bugdings an said premises insured for the sum of s 39, 500.00 loss, if any, payable to the said
<br />niortgagee, then these presents to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (t) That if the said mortgagor shall fall to pay such taxes or procure such in-
<br />surance, the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest
<br />at per coat, shall be repaid by said mortgagor, and this mortgage shall stolid as security for the same.
<br />(s) That a failure :® pay any of said money, either principal or "interest, when the sauce becomes dw, or a Idgure to
<br />f
<br />cowtiy with any of the foregoing agreements, shall cause the whole sum of money herein secured to become dam and
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<br />collectible at once at the option of the mortmee.
<br />3
<br />Signed this Q day of MOLT , zg 87
<br />In presence of _.: �us��.t r .:.... ,ecx.:x ....... ......
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