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52.A —REAL. ESTATE MORTGAGE —(With Tax Clause) 4 ! " Hultman and Felton 8 Walt, Walton, Me 68461
<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />HOWARD G. JACKSON and ELANOR S. JACKSON, jointly and severally,
<br />of Hall County, and State of Nebraska , in consideration of the sum of
<br />FOURTEEN THOUSAND --------------- ($14, 000 .00) ----------------- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto
<br />BANK OF WOOD RIVER, A Nebraska Banking Corporation,
<br />Of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska to_wit:
<br />Lot Two (2), Block Six (6), Dodd &
<br />Marshall's Addition to Wood River,
<br />Hall County, Nebraska.
<br />THIS IS A SECCND REAL ESTATE MORTGAGE, subordinate and junior
<br />only to a First Real Estate Mortgage against said premises and
<br />in favor of Lamonte Sahling and donna Sahling.
<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 expi 'e
<br />condition that if the said mortgagor(s). his, her or their heirs, executors, administrators or assigns shall pay or cause to he
<br />paid to the said mortgagee(sl, his, her or their heirs, executors, administrators or assigns, the principal sum of $14, 000. 00
<br />payable as follows, to wit. with interest at 12 3/4 percent computed from January 6,
<br />1986, and with such principal and interest payable in monthly, amortiz-
<br />ing payments of $279.19 per month, applied first upon the accrued in-
<br />terest and the balance in reduction of the principal. The first such
<br />monthly, amortizing payment is payable on February 6, 1986, and succeed -
<br />ing payments are payable on the 6th day of each month thereafter until
<br />January 6, 1992, at which time any then unpaid principal and unpaid
<br />accrued interest is due and payable in a lump sum.
<br />with interest according to the tenor and effect of the mortgagors written promissory note hearing 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 ltecomes delinquent, and keep the buildings on
<br />said premises insured for the sum of $ t o t a 1. d e b t liss, 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 16 per
<br />cent, shall he 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, 30 days after such default, without notice.
<br />Signed this 6th day of Janaury 1 19 86
<br />In presence of
<br />HOWAV G:�
<br />ELANOR
<br />STATE: OF ..... NEBRASKA ............. County of ... H- .- U .................. .
<br />JACKSON
<br />The foregoing instrument was acknowledged before me ........ J.a n u a Ty . _ . 6 .............. .19.$6..
<br />by .... figwaTo, G,,•.iack.son and :-lanes S. ,1ruct` sun
<br />Sof Pe rson Taking knowledgmentle
<br />= �i1M M M/llti
<br />L
<br />STATE OF _
<br />. day (it 19 at
<br />and rworded in Book of at page
<br />in
<br />Entered on numerical index and filed for reword
<br />in the Register of ileesls Of -v of said County the
<br />o *dock and minutes M..
<br />i l .,f l le" .ta
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