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52 -REAL ESTATE MORTGAGE —(With Tax Clau") The Huffman 0646161 euvylr tioe«, Luw1r, Metr.
<br />g+ - 107038
<br />KNOW ALL MEN BY THESE PRESENTS: That JIMMIE D, LAYCOCK and PEARL R.
<br />LAYCOCK, Husband and Wife
<br />of Hall County, and State of Nebraska , in consideration of the sum of,
<br />* ** *TWENTY THOUSAND AND N01100 ($20,000.00) ------------ - - - - -- DOLLARS:
<br />in hand paid, do hereby grant a mortgage unto LOUIS H.
<br />BEYERSDORF and SELMA M. " "BEYERSDORF, Husband and Wife
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska , to -wit:
<br />Fractional Lot Four (4) in Fractional Block Sixteen (16) in
<br />Arnold 6 Abbott's Addition and complementary thereto,
<br />Fractional Lot Four (4) in Fractional Block Two (2),
<br />Spaulding S Gregg's Addition to the City of Grand Island,
<br />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,
<br />unto the said mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are
<br />upon the express condition that if the said mortgagor(s), his her or their heirs, executors, administrators or assigns
<br />shall pay or cause to be paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the
<br />principal sum of $ 20, 000. 00 payable as follows, to wit:
<br />in accordance with promissory note of even date
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these
<br />presents and shall pay all tares and assessments lewd upon sad reel estate, and all other taxes, levies and assessments
<br />levied upon thipmortgage;,or the noes which this mortgage is given to secure, before the same becomes delinquent, and
<br />keep the buildings :on said premises insured for the sum of $ 20, 000.00 loss, if any, payable to the said
<br />mortgagee, then these presents to be void, otherwise to be and remain in full force.
<br />IT 1S FURTHER AGREED (t) That if the said mortgagor shall fail to pay such lases or procure such in-
<br />swmw*, the said mortgagee may pay such tares and procure such insurance; and the sum so advanced, Until interest
<br />so nine per cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the sous.
<br />(a) That a failure to pay any of said money, either principal or interest, when the saws becomes due, or a fdgwv to
<br />com#y with, any of the foregoing agreements, shall cause the wihok sum of money herein secured to become due and
<br />collectible at once at the option of the mortgagee.
<br />Signed this day of +'
<br />L:�L 1
<br />In t+resrnce of
<br />T`6,,..`.6.;44 t..... .. .
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