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a S2 -A— REAL ESTATE MORTGAGE (With Tax Claim) Rev. 78 Huffman and fellon d Wall Walton Ile, 611*1 1 $'
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<br />KNOW ALL MEN BY THESE PRESENTS: That Melvin K. Patterson and Doreen P. Patterson, ,I
<br />Husband and Wife j ,I
<br />Of Hall County, and -State of Nebraska in consideration of the sum of ? #r
<br />Fifteen Thousand and No/ 100 ------ -- --------------------- ($15,000.00) DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Grand Island Investment Co. (A Nebraska Corp.)
<br />r 204 North Walnut, Grand Island,Nebraska 68801
<br />Of Hall County, State of Nebraska the following described premiw situated ]
<br />in Hall County, and State of Nebraska to-wit:
<br />All of the Northerly Forty -two and Seven Tenths (N42.7) Feet of Lot
<br />Six (6), in Block Fifteen (15), Wallich'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 the said
<br />mortgagee(s) and to his, her or their heirs and assigns 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 $ 15 , 000.00
<br />payable as follows, to wit:
<br />Payable in Thirty –Six (36) installments of $131.64 including interest,
<br />with the first payment being due July 19, 1986, and like payments due
<br />the nineteenth day of each month thereafter until June 19, 1989, when
<br />the remaining principal balaace becomes due and payable unless mutually
<br />agreed by both parties otherwise.
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing 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 becomes delinquent, and keep the buildings on
<br />said premises insured for. the sum of $ 15,000.00 loss, 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 (L) 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 18% 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 sum of money herein secured to become due and collectible at once "at ;the option of the
<br />mortgagee.
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<br />Signed this 16th day of June 19., 86 . l
<br />In presence of -�.'� C(.�k_1L i �:�i /G`
<br />lv> n K. Patte son ° °
<br />Fatt "erson.'.`"
<br />................. ........_........_ ......
<br />Nebraska , County of ...Hall
<br />STATE OF ................. .......................
<br />The foregoing instrument was acknowledged before me .........................:Tune 16 19 86
<br />by: Melvin K. Patterson & Doreen P. Patterson
<br />sft='ARE =N .... ...
<br />Signature of Person Taking Ackno�ltledgml6 t
<br />`�
<br />Title
<br />STATE OF ............................... ............................... I Entered on numerical index and filed for record
<br />sa. !
<br />County ........._._ ...... ...... ...._...._.... ......... _..._ -..... , in the Register of Deeds Office of said County the
<br />......day of.._. 19..._......, at...._ . _ ... ,....._..oclock and......... minutes ... ...
<br />...__ .M.,
<br />and recorded in Book_ _ ..... ...... ......._.. of - _..... -_ .._ ...... _._ at page.. .. . _....... _. _ _
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<br />Reg_ of Duda
<br />I )Qputy
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