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<br />52 -A —REAL ESTATE MORTGAGE —(With Tax Clause) Rev. 7Huffman and Felton Wolf. Walton. Me 8 68461 ,
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<br />f' KNOW ALL MEN BY THESE PRESENTS: That
<br />JoLene M. Fredrick, a single person,
<br />Hall a 11 County. and State of N e r b a s k a in consideration of the sum of
<br />ji Twenty Five Thousand and no/ 100----- - - - - -- ---------- - - - - -- DOLLARS
<br />t is hand paid, do hereby SELL and CONVEY unto Charlie C Schmidt, Gary L. Schmidt,
<br />#s or David C. Schmidt With R.O.S.
<br />ii of Hall County, State of Nebraska- the following described premises situated
<br />t Hall County, and State of Nebraska. to-wit:
<br />Lots 1,2,3,4, &5, Block 18 Baker addition to Grand Island, Nebraska, also
<br />i i
<br />known as Courtesy Court Motel- and also the followingBeginning at apoint
<br />i" j 377.5 feet North of and 33 feet East of the Quarter Section corner between;
<br />Sections 27 and 28, Township 11 North,Range 9 West of the 6th P -M. and run+
<br />1 ning thence North,along a line parallel to and 33 feet East of the Section
<br />line between said Sections 27 and 28, a distance of 147.5 Feet, thence Eastoriy+
<br />111 at right angles, a distance of354.65 Feet; thence Southerly at right angle;,'
<br /># a distance of 147.5 feet;thence Westerly at right angles,a distance of 35549
<br />t feet to the place of beginning,and containing approximately 1.2 acres,and
<br />j being a part of lot one(1)Mainland in Section 27, in Township 11 North,Ranije
<br />? 9 West of the 6thP.M.,excepting therefrom, the property described in the
<br />report of Appraisers recorded in Book "T ", at page 253, of the Miscellaneous
<br />Records in the Office of the Register of Deeds,Hall County, Nebbaska.
<br />The intention being to convey hereby an absolute tide• in fee ample. including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above describeci. %vidi all the appurtenances thereunto belonging, unto the said
<br />mortgages) and to his• her or their hens and assigns forever. provided always, and these presents are upon the express
<br />e
<br />condition that if the said mortgagorlsi. his, her or their heirs, executors. administrators or assigns shall pay or cause to be
<br />paid to the said morigagee(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 30, 0 0 0 . 00
<br />payable as follows, w wit: $5,000.00 in hard paid, The balance to be paid in Installments
<br />of $500 -00 the first of every month for 36 nonths Starting Decemher,1,1986
<br />and the 37th payment to be a ballon payment of the full balance including
<br />Interest.
<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 acs*-vments lewd urion said real e- state, 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 $ 3 0 , 0 0 0 . 0 0 loss. if any. payable to the said mortgagee, then these present
<br />to be void, otherwise to be and remain in full fnnr
<br />IT IS FURTHER AGREED 11, 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 • 16 per
<br />cent, shall he repaid by said mortgagor. and the mortgage shall stand a- secunty 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.
<br />Signed this 8 t h day of p c r o b e r 19 S6
<br />In preseix•e of
<br />SPATE OF ...1J e.b r a s k a ............... County of ..... il.a 1.1
<br />The foregoing instrument was acknowledged before me .. O c t o b e r Q t h 19 . 6
<br />by............................
<br />tax
<br />ri LtJ
<br />IV r Si a ref of Person Takitf A jW ent
<br />c
<br />Title
<br />STATE OF Entered on numerical index and filed for record
<br />as.
<br />County in the Register of Deeds Office of said County the
<br />day of 19 at o'clock and minutes M
<br />and recorded in Book of at liege
<br />Rex of heeds
<br />By Deput>
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