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SZ -A --REAL ESTATE MORTGAGE —( With Tax Clause) Huffman and Felton & Walt. Walton. Ne. 68861
<br />KNOW ALL MEN BY THESE PRESENTS: That William D. Fairbanks and Patty Jo Fairbanks, each
<br />!in his and her own right and as the spouse of each other,
<br />of County, and State of in consideration of the sum of
<br />--SEVENTY-SEVEN THOUSAND THREE HCAIID W ($77,300.00)--- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Bank of Wood River, Wood River, Nebraska, a
<br />;Nebraska banking corporation,
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall Car,tty, and State of Nebraska to -wit: All of Lot
<br />Six (6) on Island, and that part of Lot One (1) on Island more particularly described as
<br />; c nllrp_ sing at the Northeast corner of Lot Six (6) on Island in said Section Nineteen (19)
<br />,running thence North along an extension of the Fast line of said Lot Six (6) to a point where
<br />said so- extended East line of said Lot Six (6) intersects the Center line of the ;aunty Road
<br />:right- of-way (which County Road right- of-way runs in a Northeasterly to Southwesterly direct-
<br />:ion Northerly from the premises herein conveyed); running thence in a Southwesterly direction
<br />ialong and upon the Center line of said County Road right- of-way to a point where said County
<br />,Road right- of-way Center line intersects the West line of said Lot Six (6), as such West
<br />;line is extended to the North; running thence South along the so- extended West line of said'i
<br />Iat Six (6) to the Northwest corner of said Lot Six (6); running thence East along and upon,
<br />the North line of said Lot Six (6) to the point of beginning, and being the Northeast corner
<br />of said Lot Six (6), all in Section Nineteen (19), Township Nine (9) North, Range Eleven
<br />(11) West of the 6th P.M., Hall County, Nebraska, together with all accretions thereto.
<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 assi6ms 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 $77,300.00
<br />payable as follows, to wit: one (1) year from this date,
<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 savne becomes delinquent, and keep the buildings on
<br />said premises insured for the seem p �y,iS debt_ , loss. if any, payable to the said mortgagee, then these presents
<br />to be void, otherwise to be and remain m utl 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 11 3/4 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 scan of money herein secured to become due and collectible at once at the option of the
<br />- mortgagee.
<br />Signed this ! day of / tn, i� J 19 86
<br />In 1 r
<br />In presence of f'4 c.�' =a.. 1- L.-- 't.1��
<br />l
<br />l.._C�
<br />............ .................. _.......... .... . .
<br />STATE OF ...WYOh1LW .................. county of ..Albany................. .
<br />The foregoing instrument was acknowledged before me ... March 31 19 $6
<br />by .Willialu D.. Fairbari;cs. a)xl Patty Jo Fairbanks, each in his and her own right and as
<br />spouse of each other.
<br />)OLEN VALLI R *dccach A:bhla1 y/' : 1L ( :C:.' ::....................... .
<br />Co.•ua �! � Sate of Signature of Person Taking Acknowledgment
<br />Notary. Public
<br />.... ...............................
<br />' Mp Cnmmte ^Son k', i;es Jaex. Zh. 1969
<br />hoc sue. cxx a o,'p Title
<br />`
<br />STATE OF_... Entered on numerical index and filed for record
<br />il.� r sY.
<br />County _. _ - ...... _ . _. in the Register of Deeds Oflkv of said County the
<br />day -f _ _ . ._ 19 -. _ at o'clock and minutes
<br />and recorded in Book. of at page_ .
<br />- Reg of Decvis
<br />Fiy Deputy
<br />
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