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l R0eNR RRAL KSTATR MORTRAeR —With Tax 0144t€e Huffman and Felton & Waif, Walton, Mn 64463
<br />OW ALL AM BY THESE PRESS
<br />THAT I or WE, Paul E. Smith and Lois A. Smith
<br />i
<br />of
<br />HALL County and State of Nebraska it; consideration of the sutra of
<br />12,E i 'twelve thousand and five hundred and other consideratioata Q�4'��s
<br />in hand paid, do hereby SE1..1, and CONVEY unto Mayro'b Company
<br />. (mortgagee),
<br />of T® Found Street 11Xf Hibicus Square the following described premises
<br />tifgated in to,uat;
<br />Turks Caicos,Islands
<br />Southerly Forty TWO (42) Feet of Northerly Eighty Four (84) Feet of Lot
<br />Five(5) in Block Eighteen (18) in H.G. Clark's Addition to the City of
<br />Grand Island, 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 unto
<br />the said mortgagee or mortgagees and to his, her or their heirs and assigns, forever, provided always, and these pres-
<br />ants are upon the express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, admin-
<br />istrators or assigns shall pay or cause to be paid to the said mortgagee or mortgagees and to his, her or their heirs, ex-
<br />ecutors, administrators or assigns, the sum of
<br />12,500) Twelve thousand and five hundred Dollars, payable as follows, to -wit:
<br />in equal amounts over ten years
<br />with interest thereon at % per cent per annum, payable semi_ annually, according to the tenor and effect of
<br />the promissory note with interest coupons attached of said Mortgagors, bearing even date with these pres-
<br />ents, and shall pay all taxes and any interest on, or maturing installments of principal, dire on any prior mortgage and
<br />assessments levied upon said real estate and all other taxes, levies and assessments levied upon this mortgage or the
<br />note which this mortgage is given to secure, before the same becomes delinquent and keep the buildings on said
<br />premises insured for the sum $ 32,1(X}, loss, if any, payable to such first uortgagees or this mortgagee, or both,
<br />then these presents be void, othem4se to be and remain in full force.
<br />IT IS FURTHER AGREED (t) That if the said mortgagor shall fail to pay such taxes and such interest on,
<br />or maturing installments of principal, due on any prior mortgage and procure such insurance, then this mortgagee may
<br />My such taxes and such interest on, or maturing installments of principal, due on such prior mortgage and procure
<br />such insurance; and the sum so advanced with interest at nine per cent shall be paid by said mortgagor, and this mort-
<br />gage shall stand as security for the same. (2) That a failure to pay any of said money, either principal or interest on
<br />this or any prior mortgage, when the same becomes due or a failure to comply with one of the foregoing agreements,
<br />shall cause the whole sum of money herein secured to become due and collectable at once at the option of the mort-
<br />gagee.
<br />IT 15 FU NER AGREED That said mortgagee, pending foreclosure of this mortgage and after decree and
<br />pending stay thereon or appeal therefrom and pending sale of premises mortgaged, may pay inch taxes and maturing
<br />'
<br />interest or matu i !meats of principal, on prior mortgages, procure such insurance and such sums shall be
<br />added to the amount clue on decree and upon confirmation of sale by the court ordered taken out of proceeds of sale;
<br />or if redeemed during stay, appeal or sale, such amounts shall be collected the souse as though it were a part of such
<br />decree.
<br />Sigmd this day of ro Y9
<br />esence of f
<br />app
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