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<br />CONSTRUCTION SECURITY AGREEMENT
<br />L1V A41 .
<br />52-A—REAL ESTATE 1l019ftTGAGE— (Witf: Fez Clause) ¢ �uf(man and Felton 8 Kolt, Walton, Me. 68461
<br />YNOTV ALL MEN BY THESE PRESENTS: That Lester D. Hake and Margaret M. Hake,
<br />husband and wife,
<br />at Ha 11 County, and State of Nebraska in aisiderat?on of the sam— 3
<br />Eighty Thousand and no/ 100ths-------_—_-- r--------------------- ($$0,000.00)DOLLARS
<br />in hand paid, do hereby SELL and CANVEY unto Norest );ark Nebraska, National Association,
<br />_ of Hall County, State of Nebraska the following descnbxl prises situated
<br />in Hall Count -r, and State of Nebraska to-wit-
<br />Lot One (1), in Aqualand Subdivision, an Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of hom,-stead and dower.
<br />TO HAVE AND TO HOLD the premises above deer-ibed, 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(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 80, 000.00
<br />payable = follows, to wit:
<br />One payment of principal plus accrued interest due and payable on November 30, 1987.
<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 an
<br />said premises insured for the sum of S 80,000.00 . loss, if any, payable to the said mortgagee, then these presents
<br />to be void, otherwise to be and .-emain in full force.
<br />rr 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 taxes and proc-re such insurance: and the aura so advanced, with interest at 1 1.00 per
<br />mot, 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 />agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee.
<br />Signed this 3rd day of June 19 87 / ., / f //�1-L
<br />In presence of ii.7v /�!_-..�!.- ..__... __ _...._
<br />Lester D. Hake
<br />------------ - - - - - -- - - - -... - -- ----- .- _ ---------------------------------- --------- - ---- ..... ....... -- ...........
<br />r r
<br />tt „ -garar rt u�vo --
<br />STATE OF ........ Nehtas ka _County County of ..Hall......... • .......... .
<br />The foregoing instrument was acknowledged before me ..... June . 3rd ..... ................. 19 V . .
<br />by , I,��) er -IJ,_ HekQ. nd.tte ;garet M. Hake, husband and wife
<br />... .........
<br />= f Signature of-Person Taking Acknowledgment
<br />Notary Public
<br />tfy commission expires: 7 -2 -88 .................... ............................
<br />Title
<br />SPATE OF....__.-___...__._--. ._- .- -- -- -------------- .- .,_..... Entered on numerical index and filed for record
<br />in the Register of Deeds Office of said County the
<br />- -- .._..dq at.. -- - _...- 19- at- - - - --- ° - .._.._.o'clock and. -------- ---- __.._...... minutes .,._ ..............M.,
<br />wad recorded in Hook._.- -- -..... . of_._.--.,.._..- - -------- - -- ------- at page..... ..._ ---- _ .... ...... _. ---
<br />Reg. of Deeds
<br />BY _ .._ Deputy
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