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<br />WA-A —REAL ESTATE MORTGAGE —(With Tax Clause) 86— 105883 Ihiffman and Felton t Welt, Welton, Me 61461
<br />I KNOW ALL Ul13N BY THESE PRESENTS: That James G. Rector and Kathryn M. Rector, husband
<br />( and wife,
<br />1 i of Hall county, amd State of Nebraska , in consideration of the sum of
<br />{ FIFfY THOUSAND AND NO /100------------ -- - - ---------------------------- -- ------ DOLLARS
<br />{ in hand paid, do bereby SELL and CONVEY unto Doreen E. Rector
<br />of Hall County. State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska . to -wit:
<br />Lot Twenty –four (24), Block Two (2), Brentwood Second Subdivision
<br />to the City of Grand Island, Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee simple, including all the tights of homestead and dower.
<br />it
<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 />e
<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 5 50, 000.00
<br />i payable as follows, to wit:
<br />Monthly on an amortization schedule
<br />;i
<br />!j
<br />°s
<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 $ 50, 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 />fT 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 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 />j agreements, ahan cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee.
<br />f Signed this 16th day of October 19 86
<br />1 In presence of ...... .. sh... -- .....
<br />G.
<br />....... ..... _...__. ....
<br />i
<br />STATE OF ......NUFAW .............. County of ...... PAI t .................
<br />j The foregoing instrument was acknowledged before me .....October 16 • ...... - • .. , - , , • , ..19 ..$fT.
<br />"s t by M. Rector, husband and wife.
<br />} �it Signature of Person Taking Acknowledgment
<br />t
<br />......... jNotary.. Public .........................
<br />Title
<br />j
<br />STATE OF ........ ........... _ ................... . ...... _.... Entered on numerical index and filed for record
<br />county .......... ....._...._.._................. .._
<br />I sa. in the Register of Deeds Office of said County the
<br />_ ...... ........day of.... _.. 19. _._. d_ ...... o'clock and......._. minutes
<br />and recorded in Book.. of _ _ at page.. _
<br />Reg. of Deeds
<br />$y .Deputy
<br />A
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