87103221 - Laserfiche WebLink

Browse

PURCHASE MONEY REAL ENSTATE MORTGAGE Robert Gonderinger and Patricia Gonderinger, husband and wife, MORTGAGORS, ?.n consideration of TWENTY THOUSAND DOLLARS ($20,000.00), mortgage to Chris H. Gjerloff and Helen E. Gjerloff, husband and wife, as joint tenants and not as tenants in common, MORTGAGEES, the following described real estate (as defined in Section 76 -201 of the Revised Statutes of Nebraska, 1943), in Hall County, Nebraska: Lot Six (6) in Block Twenty -one (21) of Schimmer's Addition to the City of Grand island, Hal! County Nebraska, as surveyed, platted and recorded. This Mortgage is given to secure the payment of the principal sum of TWENTY THOUSAND DOLLARS ($20,000.00) and interest from June 1, 1987, at eight and one -half per cent (8.5 %) per annum, payable in 180 consecutive monthly installments of ONE HUNDRED NINETY -SIX AND 95/100 DOLLARS ($196.95) per month (including principal and interest), payable without demand, commencing on July 1, 1987, and on the first day of each month thereafter for 179 consecutive months until the Mire unpaid balance is paid in full, each monthly payment including principal and interest for amortizing the payment of the indebtedness over a period of 180 consecutive months until the entire indebtedness, with interest, is paid in full. The Promissory Note provides that time is of the essence of the Promissory Note and if default is made in any monthly installment payment for a period of more than thirty (30) days, the holder of the Promissory dote may. without notice or demand, declare the entire principal sum then unpaid, together with accrued interest thereon, immediately due and payable. The Makers of the Promissory Note reserve the right, commencing July 1, 1992. to prepay the unpaid balance of the indebtedness on the vote on any monthly installment payment date by payment of osse or more of the monthly installments of principal, but any prepayment of principal on the *Tote by the Makers shall not relieve the Makers from the payment of the next monthly installment of principal and interest to be made after the prepayment date. Mortgagors agree to may all real estate taxes and special assessments levied and assessed upon the real estate and to pay all other taxes, levies and assessments levied upon this Mortgage and the Promissory *cote which this Mortgage is given to secure before payment is delinquent. If Mortgagors fail to pay the real estate taxes or special assessments before delinquent, !Mortgagees may pay the real estate taxes and special assessments, or pay any other liens mortgagors per:ait to be made against the real estate, and Mortgagees are given a lien secured by this Mortgage for the Li ,.J