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i U-4EAL EVrATL MORTGAGE -- .(With Tax CiwM) The Anllmae General Supply FIeaan, I fncoln. Nees.
<br />86-- 101617
<br />KNOW ALL MEN BY THESE PRESENTS: That We, Elton Rathman and Vera Rathman,
<br />each in his and her own right and as the spouse of each other,
<br />of HALL County, and State of NEBRASKA , in consideration of the sung of
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<br />SIXTY THOUSAND DOLLARS ($60, 000 .00)------- ------- --- --------- DOLLARS
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<br />in hand paid, do hereby SELL and CONVEY unto BANK OF WOOD RIVER, A NEBRASKA BANKING
<br />CORPORATION
<br />of HALL County, State of NEBRASKA the following described premises situated
<br />W HALL County, and State of NEBRASKA , to -wit:
<br />'. The East Half of the Southwest Quartc+r (E�SW'h) and
<br />i; the Northwest Quarter of the Southwest Quarter (NW4SW4),
<br />all in Section Thirty —one (31), Township Ten (10) North,
<br />Range Eleven (11), West of the 6th P.M.
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<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,
<br />unto the said mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are
<br />upon the express condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns
<br />Shall pay or cause to be paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the
<br />principal sum of $ 60, 0 0 0. 00 payable as follows, to wit:
<br />$6,000.00 principal plus accrued interest one year after the
<br />date of this instrument and a like amount of $6,000.00 principal
<br />i plus accrued interest on the annual anniversary of this instrument
<br />each year thereafter
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<br />with interest according to the tenor and effect of t lswiam prewissory note bearing even date with these ,
<br />presents and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments
<br />levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and
<br />keep the buildings or, said premises insured for the sum of $ reasonable amount loss, if any, payable to the said
<br />mortgagee, then these presents to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (r) That if the said mortgagor shalt fail to pay such taxes or procure such in-
<br />suranee, the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest
<br />at 11 per cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the same.
<br />(a) That a failure to pay any of said money, either Principal or interest, when the same becomes due, or a failure to
<br />comply with any of the foregoing agreements, shall cause the whole sum of nsoney herein secured to become due and
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<br />` collectible at once at the option of the mortgagee.
<br />Signed this day of r9 8 6
<br />In presence of l
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