|
WA—RXAL KSTATIK MORTGA09—(M ON Tax Clause)
<br />"Offmon 40 felts" A Wolf, W01"", No. Owl
<br />KNOW AM MEN JSY TRW PRESENTS: That Ray L. Ericson and Rebecca J. Ericson,
<br />�nusbanu and wife,
<br />of Hall Co"tY, and 111140 of Nebraska in considers" of the Wes of
<br />1 THIRTY THOUSAND AND No/ 100 -- -- -_ -._,,..,..., ._,.-__- __t_....- ,._--- -- ---- -- 4XUJAM
<br />in hand PoW, do hereby SELL and CONVEY unto Robert L. Nolan and Velma L. Nolan,
<br />husband and wife,
<br />ad Hall county. State of Nebraska the following 4"cribW premises altoaW
<br />in Hall County, and State of Nebraska to-wit:
<br />All of Lot Nine (9) and the Easterly forty Feet (E 40') of Lot Eight (8)
<br />in Grace Lutheran Church Subdivision, City of Grand Island, Hall County,
<br />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, unto the said
<br />mmortgagme(*) and to his, her or their heirs and assigns forever, provided always, and these presents are upon the express
<br />condition. that it the said mortgavr(s), his, her or their heirs, executors, administrators or assigns shall pay or cause to be
<br />paid to the amid nuicigagee(B). his, her or their heirs, executors, administrators or assigns, the principal sum of $ 30 j 000. 00�
<br />pay" M follows, to wit:
<br />The sum of $30,000.00 together with interest at the rate of 8% per annum
<br />on an amortization plan in 120 equal installments of $363.98 each, the
<br />first of which shall be due and payable on the day of
<br />1987, and equal payments shall be due and payable on the first day of each
<br />,month thereafter until the total sum and interest have been paid in full.
<br />In the event that mortgagors sell, assign, transfer or convey the property
<br />to others or enter into an agreement to sell or assign the property to
<br />others, the entire balance owing hereunder, at the option of the legal
<br />holder hereof, shall become immediately due and payable;
<br />with interest acernding to the tenor and effect of the mortgagors written promissory note bearing even date with these presents
<br />and WWI pay all taxes and amusements levied upon said real estate, and all other taxes, levies and assessments levied upon this
<br />mustgage or the note -which this mortgage to given to secure, before the some becomes delinquent, and keep the buildings on
<br />new premium ismoured for the sum of s 4 6 , 5 0 0.0 0 tow, it any. payable to the said mortgages, then thew presents
<br />to be void. otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (t) That it the said mortgagor shall fail to pay such taxes or procure such inimusuce, th.
<br />as" mmortgagee, may pay such taxes and procure such insurance; and the sum so advanced, with interest at highest ;;egai
<br />t i"16H be repaid by said mortgagor, and this mortgage "I Maud as security for the muse. (2) That a failure to pay any
<br />of smid money, either principal or interne, when the memo 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 />a-rtgag--
<br />Signed this ;Z day of C)LI, 1Y Ili 87
<br />In presence of
<br />IT47 ........ .... . ... . . . ................................... ........................
<br />Ray L. Ericson
<br />............. ........ .................. ....... .......
<br />............ ............................... . .... ..... 7. �_4
<br />-,Q2 " C/tkp�,J",/L)
<br />Rene c MW10E-9-
<br />WrATZ of ... NEBRASKA ............... County of ..... Hall
<br />..........
<br />nw hroping inarunnut was wknowledged before ream ..... ................. 19.
<br />by .RAy. Aq!q. Rebecca J. Ericson, husband and wife.
<br />im ��maw k-i A'ckn'o*w—le'd'g—rm—n't*,
<br />- LA4
<br />.............
<br />RTATB W ... ........... .......... , Entered on numerical index and MM for remd
<br />Call* Me in the Register of Deeds Offics of said County the
<br />191-111-1-1 at-- and................, .minutes . .... ..... .. M..
<br />a" "WIN" is III"* ..... ..... 01- ...... --- - ... ....... at 10W
<br />RW of DOWIM
<br />BY Deputy
<br />
|