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<br />105990
<br />W,A —REAh KSTAT9 MORTGAGE —(With Tam ulataaa) Rev. lid HslfMa" AN feltaa A Waif, Walton, Nt• 4MI
<br />j KNOW ALL MEN BY THESE PRESENTS: That Melvin K. Patterson and Doreen P. Patterson,
<br />Husband and Wife
<br />Of Hall County, and State of Nebraska in re"Werialkw 44 Ella @"in of
<br />Sixteen thousand nine hundred eighteen and 01/ 100-.--- F- --- „m- mm- T---- - ° ®.,ms ----- DOLLAFM
<br />in hand paid, do hereby SELL and CONVEY unto Grand Island investment Co. (A Nebraska Corp. )
<br />204 N Walnut, Grand Inland, NE 68801
<br />of Hall County, state of Nebraska the fouowing deseribtmi prornines, situated
<br />in Hail County, and State of Nebraska , to-wit,
<br />THE WESTERLY FORTY NINE (49) FEET OF FRACTIONAL LOT FOUR (4), IN FRACTIONAL
<br />BLOCK TWENTY ONE (21), IN FAIRVIEW PARK ADDITION AND ITS COMPLEMENT TO-WIT:
<br />ALL OF FRACTIONAL LOT FOUR (4), IN FRACTIONAL BLOCK SIX (6), IN WALLICHS'
<br />ADDITION, BOTH BEING ADDITIONS TO THE 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 />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 S 16, 918.01
<br />payable as follows, to wit:
<br />Payable in Twenty Four (24) installments of $148.47 including interest, with the
<br />first payment being due November 6, 1987, and like payments due the sixth day of
<br />each month thereafter until October 6, 1989, when the remaining principal becomes
<br />due and payable unless mutually agreed by both parties otherwise.
<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 of $16,918.01 loss, if any, 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 taxes and procure such insurance; and the sum so advanced, with interest at 18% 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 />agreements, shall cause the whole sum of money herein secured to become due and collectible at one; at the option of the
<br />mortgagee. ,)
<br />Signed this 6th day of October 19,/' 87
<br />� In presence .z'�� �..� .l `' . %.�'.':`.�� " "._
<br />Melvin K "PaEt on
<br />... � � -% �
<br />f
<br />STATE OF ..... Nebraska .. ......... County of ... Hall.. , .................
<br />The foregoing instrument was acknowledged before, me ...... . ........ October 6 , , , ,19.8.x. .
<br />by Melvin K. Patterson and Doreen P. Pattcrson, husband and wife(
<br />1NUatr -M«s a ttrMSM
<br />IREfa B. NIEDFEIT ;c: -f... .
<br />Mf f;tatta, iMi1 1,1!11 Signature of Person Taking Ackno ledges
<br />Notary Public
<br />............... ...............................
<br />Title
<br />STATE Off'..... .. ...........................
<br />ant }ms.
<br />Entered on numerical index and filed for record
<br />y
<br />in the Register of Deeds Office of said County the
<br />.. ..
<br />.day of... _ ._ ......,... 19..._......, st..._ .... ....... ........... oclock and..._..... ............. minutes ................M.,
<br />and rovordod in Stook _.. _.._ot .......... ................... at page... __..... _ .. ... ...... ... ........
<br />Reg. of Deeds
<br />By. , Deputy
<br />M
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