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<br />S2- A-MEAL ESTATE MORTGAGE —(With Tax Clause) 103630 huff t^an and felton $ Wolf, Walton. Ne. 68061
<br />�KNOyW ALL MEN BY THESE PRESENTS: That o . n f -, ,> a.. , b...l a„ <Y 3 ;ice i
<br />"�3
<br />1i.�%band. and lira � , n-., t ,.t h In h' a nl _. 3J,.rn ri ;riu
<br />) of Hail County, and State of Nebraska in consideration of the sum of
<br />SEVENTY THOUSAtm - --- -- ($70, 000.00) ---- _------ °--------- - - ---- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto
<br />BANK OF WOOD RIVER, Wood River, Nebraska
<br />Of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska to-wit:
<br />All of Lot Six (6) on Island, and that part of Lot One (1) on Island, more particularly de-
<br />scribed as cxxntirtcing at the Northeast corner of Lot Six (6) on Island in said Section Nine -'
<br />teen (19); running thence North along an extension of the East line of said Lot Six (6) to
<br />a point where said so- extended East line of said Lot Six (6) intersects the Center line of
<br />Pie County Road right- of-way (which County Road right- o£-way runs in a Northeasterly to
<br />southwesterly direction Northerly from the premises herein conveyed); running thence in a
<br />Southwesterly direction along and upon the Center line of said County Road right -of way
<br />to a paint where said county Road right-of-way Center Line intersects the West line of
<br />said Lot Six (6), as such West line is extended to the North; running thence South along
<br />the so- extended West line of said Lot Six (6) to the Northwest corner of said Lot Six (6);
<br />Yttnrwig thence Fast along and upon the North line of said Lot Six (6) to the point of
<br />beginning, and being the Northeast corner of said lot Six (6), all in Section Nineteen (19),
<br />'admhip Nine (9) North, Range Eleven (11), West of the 6th P.M., Rall County, Nebraska,
<br />together with all accretions thereto.
<br />?. The intention being to convey hereby an abs
<br />olute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises abbe described. with all the appurtenances thereunto belonging, unto the said
<br />mortgagees) and to his, tier or their heirs and assigns forever, provided always, and these presents are upon the express
<br />mindition that if the said mortgagor(%), hits, 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 suns of S 70, 000.00
<br />payable as follows, to wit:
<br />With interest catputed from this date and at all times upon the unpaid prin-
<br />cipal balance and determined as follows: Commencing with the date of this Mortgage
<br />interest at 11 1/4 percent per annum; then, interest shall be thereafter computed
<br />on each annual anniversary date, beginning one year from the date of this Note,
<br />at the Bank of Wood River's prime rate. One -tenth (1 /10) of the principal and
<br />the annual interest is payable each year, c"wencing one year frcrn this date
<br />and thereafter on the annual anniversary date of this Mortgage.
<br />with interrzlt according to the tenor and effect of the mortgagors written promisw,ry note hearing even date with these presents
<br />and shall pay all t,ezes and assessment:: levarf utwn said re•uf estate, and all other taxes, levies and asw•ssments levied upon this
<br />mortgage or the note which this mortgage 1,, given to lire. b,fore the same- 1 --fines delinquent. and keep the buildings on
<br />said premises insured for the rum of 6j0,()00.00 Iona, if any, payable to the said mortgagee, then these presents
<br />to be void. Aherwise to be until remarll to full fc.nv
<br />11' 1S FURTHER AGRF.F:I) (1) 'I'hxt if tin• aid mortgagrir %hail fail to pay such taxes or procure such insurance. the
<br />said mortgagee ma_y pay such taxes and >nx -,ere such tnsu
<br />S canoe, and the sum sn advanced, with irtrrest at 17 per
<br />cenl, shall be repaid by said mortfiagor . arn9 the, mortgage shell .stand as x- -unty for the same. 12) That a failure to pay arw
<br />of said money, either principal ter inter. -st when else •sine Itev nines due. ar a failure to comply with any of the foregoing
<br />agreexrwnts, shalt cause the whole sum of nwriev herein s,wvred to f�•oe >me due and colIk"Ible at once at the option of the
<br />mortgagee.
<br />Signed this day of
<br />In presence of
<br />STATE OF .. PUZ&A.SM . _ C•ount.y of 1141
<br />The foregoing instrument was acknowledged before me
<br />STATE OF, _
<br />t'oanty
<br />r .. _. day of
<br />sad r4 o dwrd in ISook
<br />l•
<br />Signature of 1'6rson Taking Acknowledgment
<br />Titled ✓��
<br />F,nterett on num.•nca; Index and filed for record
<br />in the Register of Ueerds j)frKV of avid ('eunty the
<br />at u%Icck and minutes M
<br />of eat page
<br />tie•A ..( 1t1.ds
<br />fay Det.ith•
<br />I
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