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S2 -A —REAL ESTATE MORTGAGE —(WRA Tax CAwe) Natastm ssd Few i We", w8 ft", W 66"1 KNOW ALL MEN BY THESE PRESENTS: That Linell S. Schultz or Jerry L. Schultz, Wife and Husband of Hall County, and state of Nebraska in wuideratim of the cam of Eleven Thousand and Nol100 $11,000.00) DOLLARS in hand paid, do hereby SELL and CONVEY unto Bank of Doniphan, a Nebraska Corporation f d Hall County, State of Nebraska the in Hall County, and State of Nebraska • twwit: The Northeast Quarter of the Northwest Quarter (NE }NW}) of Section Twenty —seven (27), Township Ten (10) North, Range Nine (9) west of the 5th P.M., in Hall County, Nebraska. The intention being to tawny, herebv an absolute title in fee simple, including all the rights of homestead and dower. TO HAVE AND TO HOLD the premises above described. with all the appurtenances thereunto belonging, unto the said mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are upon the express condition that if the said mortgagor(sl, his. bier or their heirs, executors, administrators or assigns shall pay or cause to be paid to the said mortgagee(s). his. her or their heirs, executom administrators or assigns, the principal sum of $ 11,000.00 payable as follows. to wit: Promissory note of this date for $11,000 - Final payment due December 1, 1988 with interest according to the tenor and effect of the mortgagors written pramissory note bearing even date with these presents and shall pay all taxes and assessments levied upon said real estate. and all other taxes, levies and assessments levied upon this mortgage or the rote -whicb this mortgage is given to secure. before the name becomes delinquent, and keep the buildings on said premises insured for the sum of S . lass, if any. payable to the said mortgagee, then these presents to be tivjd� othenrise to be and remain in full force IT IS FURTHER AGREED I1) That if the said mortgagor shall fail to pay such taxes or procure such insirance. the said mortgagee may pay arch taxes and procure such insurance; and the sum so advanced, with interest at 11.5 per cent shall be repaid by said mortgagor. and this mortgage shall stand as security for the same. (2) That a iailtue to pay any of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the mortgagee. Signed this 20th day of December 19 8 In pre- ,em-i• of STATE OF ..... Ne. Drasku ............... County of ....... Hall. .............. : Tice foregoing instrument was acknowledged before me ....... .....December. 20 t ..........19.86. . liaell S. Schultz and Jerry L. Schultz w� - Mp* +ttraiwYs Le;,��nkTa'ktng . ... . . . !.!...... . Sign. f Acknowledgment 1qr taws is ..... 4otar} ................ Title ffTATE OF ; Entered on numerical index and filed for record a County in the Register of Deed* Office of said County the j day of 19 at O'clock and minutes M., and rscesded in Book oil st pegs_ _ 12rx cd D„dis BY Ikgw rs•