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i 100055
<br />SFCMM ,1 E
<br />Lot Six (6) in Brach 's Second Addition to the city of
<br />Grand Island, Hall County, Nebraska, as surveyed,
<br />platted and recorded, formerly Lot Six (6) in Brach's
<br />First Subdivisicxn located in the Northwest nuarter of
<br />the So -t ,)uarter (NW 1/4 SW 1/4) of Section
<br />,wenty -one (21), Township Eleven (11) North, Range Nine
<br />(9) West of the 6th P.m. in Hall County, Nebraska,
<br />together with all of the tenements, hereditaments and appurtenances
<br />thereunto belonaina, including attached floor coverings, all window screens,
<br />winnow shades, blinds, storm windows, awnings, heating, air conditioning,
<br />and piing and rater equipment and accessories thereto, pumps, stoves,
<br />refrigerat ors, and other fixtures and equipment ncwa or hereafter attached to
<br />or used in connection with the real. estate.
<br />This Second Real Estate %lk)rtgaqe is giver, to secure the payment of the
<br />following described Promissory Notes payable by Jackson J. Bence to the
<br />order of the R)RIGAGEF:
<br />(1) ?ate dated Decentxer 12, 198£x, for 7,ijitPY -sIX ''ITMsAI,�n tFgdiZ?'Y AND 51 /100
<br />MUMS ($36,030.51) payable with interest at the rate of eight per cent
<br />(8$) per annurT in equal monthly installments of ONE ' j0USX,7 FIFPY1IUdC3 AND
<br />21/100 DOLLARS ($1,052.21) conrx?ncing January 10, 1987, and with like
<br />payments cn the tenth (10th) day of each month thereafter and payable on the
<br />Sam date of each succeeding month until paid in full.
<br />(2) Note dated necenber 18, 1986, for 79IRTFEN 'THMSAM- NUNF Hf7BlDRFD
<br />iXI ?S ($13,900.00) payable with interest at the rate of eight per cent
<br />(8 %) aver annum in equal ^ mthly installments of TWO HiNDRED FIGhTY -CNF, AND
<br />84/103 IXff S ($2£31.84) conTncina January 10, 1937, and with like payments
<br />an the tenth ( loth) day of eadi month thereafter and payable an the same
<br />date of each succeeding .nth �mtil paid in full.
<br />The Notes for which this Second Real Estate Mortgage is given as security
<br />may be paid, without rx..naity, prior to maturity. The Motes provide upon
<br />default in the payment of any instaIL-rent, or upon any of the following
<br />events: (1) the failure to pay any anxxmt, (2) the insolvency of the
<br />borrower, (3) the filing of any Petition under the provision of the Federal
<br />Bankruptcy Act, or (4) the issuances of any attachment or execution against
<br />anv of the assets of the borrower, at the optic. of the holder of the Notes,
<br />all monies ?payable ,nder the motes shall be doe and immediately payable
<br />until payment isn full or maturity.
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