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R6- 101749. i v' 52 -A —REAL ESTATE tNORTGAGE —(With Tax Clause) Rev. 78 Huffman and Felton 8 Wolf Wilton, Me. 68161 KNOW ALL MEN BY THESE PRESENTS- That Kenneth D. Leetch and Mary J. Leetch, Husband and Wife., Of Hall County. and State of Nebraska in consideration of the sum of Ten thousand two hundred twenty eight and 12 /100 -- ---------------------- - - - - -- -DOLLARS in hand rd do hereby SELL and CONVEY unto Grand Island Investment Co. ( A NeJraska Corp) 204 N Walnut,Grand Island, Nebraska, 68801 Of Hall County, State of Nebraska the following described premises situated in Hall County, and State of Nebraska . to-wit- Lot Seven (7), Block Four (4), in R311in's Addition to the City of Grand Island, Hall County, Nebraska. The intention heing to comet' hereby an abs. lute nth• in fee simple including all the rights of homestead and dower. TO HAVE AND W HOLD the premises above descrilxal, with all the appurtenances thereunto belonging, unto the said mortgagee(si and to hta, her or their heirs and assigns tore%er, provided always. and these presents are upon the express !. condition that if the said mortgagor(%;, his, her or their heirs, executors. administrators or assigns shall pay or cause to be paid to the said mortgageets), his. her or their heirs, executors, administrators or assigns. the principal stem of $ 10,228. 12 payable as follows, to wit: Payable in Thirty Five (35) installments of $95.12 including interest, with the first payment being due January 26, 1987, and like payments due the twenty -sixth day of each month thereafter until December 26, 1989, when the remaining principal balance becomes due and payable unless mutually agreed by both parties otherwise. 1 with interest according to the tenor and effect of the mortgagors written promissory note hearing even date with these presents and shall pay all taxes and asse•svnents levied upon said real estate and all other taxes. Levies and awwasments levied upon this mortgage or the note which the: mr.i.gage is given to secure. before the same becomes delinquent, and keep the buildings on ! said premises insured for the sum of $ 10,228.12 less. if any, payable to the said mortgagee, then these preemie to be void, otherwise to be aril remain in full force IT IS FURTHER AGREED ( l t That if the aid mortgagor shall fail to pay such taxes or procure such insurance• the said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 18% per cent, shall be repaid by said mortgagor. and this mortgage -hall stated as security for the same. (2) That a fai'.ure to pay any of said money, either principal or interest. when the same heroines due, or a failure to comply with any of the foregoing agreements, shall cause the whole sum of money herem secured to bt ome due and collectible at once at the option of the mortgagee. 26th December 86 Signed this say of 19 6 In pre'w'M:E' �_D. ...!� ... . -.. .- . -..... i r Lefe"t4t ,! Nebraska Hall STATE OF.. ...... ............ .. ... County of ...... ........ The foregoing instrument was acknowledged before me .... ....... December, 26 . .... .1S 86 Kenneth D. Leetch and Mary J. Leetch, Husband and Wife, by ............................ { � � S nature of Verson Taking Acknowledgment. " s Notary. Public ... ...... .... ........... .... Title STATE OF.- - - .. .. _ Entered on numerical index and filed for record C'trttnty in the Register of Deeds Office of said County the a day of 14 at o'clock and minutes and rommiled in B wk of - at page Reg of Deeds By f?ciwiy A h.