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86-. 101937
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<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That Wayne Cornelius and 3anna R. Cornelius, husband and
<br />wife, each individually in his and her own right and as spouse
<br />of the other, of Hall County, State of Nebraska, in considera-
<br />tion of the sum of NINE HUNDRED THOUSAND DOLLARS ($900,000.00)
<br />in hand paid, do hereby sell and convey unto Norwest Bank
<br />Nebraska, N.A. of Hall County, State of Nebraska, the following
<br />described premises situated in Hall County, State of Nebraska,
<br />to -wit:
<br />Northeast Quarter (NEh); East Half of North-
<br />west Quarter (EhNWi), and the East Half of
<br />the Southeast Quarter (EhSEk), all in Section
<br />Seven (7), in Township Ten (10), North, Range
<br />Ten (10), West of the 6th P.M., Hall County,
<br />Nebraska, and
<br />Lots One (1) and Two (2), Mainland, and Lots
<br />Three (3) and Four (4), Island, all in Section
<br />Nine (9), Township Ten (10), North, Range Ten
<br />(10), West of the 6th P.M., Hall County,
<br />Nebraska.
<br />61
<br />x.
<br />The intention being to convey hereby an absolute title in fee
<br />simple, including all the rights of homestead and dower.
<br />4tr`;
<br />TO HAVE AND TO HOLD the premises above described, with all
<br />the appurtenances thereunto belonging, unto the said mortgagee(s)
<br />and to his, her or their heirs and assigns forever, provided al-
<br />ways, and these presents are upon the express condition that if
<br />the said mortgagor(s), his, her or their heirs, executors, admini-
<br />strators or assigns, the principal sum of $900,000.00 payable as
<br />follows, to -wit:
<br />Pursuant to a Note of even date and due and
<br />payable on February 2, 1987,
<br />.
<br />with interest according to the tenor and effect of the mortgagors
<br />w ''
<br />written promissory note bearing even date with these presents and
<br />shall pay all taxes and assessments levied upon said real estate,
<br />tip'
<br />and all other taxes, levies and assessments levied upon this mort-
<br />gage or the note which this mortgage is given to secure, before
<br />the same becomes delinquent, keep the buildings on said premises
<br />insured for the sum of $75,000.00, loss, if any, payable to the
<br />said mortgagee, then these presents to be void, otherwise to be
<br />and remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall
<br />fail to pay such taxes or procure such insurance, the said mort-
<br />gagee may pay such taxes and procure such insurance; and the sum
<br />so advanced, with interest at 14 percent, shall be repaid by
<br />said mortgagor, and this mortgage shall stand as security for the
<br />same. (2) That a failure to pay any of said money, either prin-
<br />cipal or interest, when the same becomes due, or a failure to com-
<br />ply with any of the foregoing agreements, shall cause the whole
<br />sum of money herein secured to become due and collectible at once
<br />at the option of the mortgagee.
<br />I el
<br />WAYNE ORNELIUS
<br />/ 1
<br />J A R. C RNELIUS
<br />W
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