|
100188
<br />a2- A- --REAL (ESTATE MORTGAGE —(With Tax Clause) R4,v. 7$ dullmel and feltEnt & Woll. W^ lion. No 68461
<br />KNOW ALL MFIN BY 'IIIE SE PRESENTS: 'That Melvin K. Patterson and Dorc2en P. Patterson,
<br />Husband and Wife
<br />f Hall County, and State of Nebraska in consideration of tln3 sum of
<br />i Fifteen Thousand and No/100 ---------------------- .- -- ._..-__- --- -_------ ---- -- .DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Grand Island .Investment Co. (A Nebraska Corp.)
<br />204 N Walnut,Grand Island, NE 68801
<br />of Hall County, State of Nebraska the following dewrilwd premise% situated
<br />in Hall County, and State of Nebraska to wit:
<br />Lot Nineteen (19), Kallos Second Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska.
<br />The intention being to convey hereby an ah�olute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO IlOLD the premises ahove described. with all the appurtenances thereunto belongiag, 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 />condition that if the said mortgagor(s), his, her or their heirs, executors, administrators or assigns shall pay or cause to he
<br />paid to the said mortgagee(s), his. her or their heirs, executors, administrators or assigns, the principal sum of $ 15 000, 00
<br />payable as follows, to wit:
<br />Payable in Thirty Five (35) installments of $131.64 including interest,
<br />with the first payment being due February 7, 1987, and like payments due
<br />the seventh day of each month thereafter until January 7, 1990, when the
<br />remaining principal balance becomes due and payable unless mutually
<br />agreed by both parties otherwise.
<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 assessment, levied upon said real estate, and all other taxes, levies and assessmen4s 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 $ 15,000.00 loss, if any, payable to the said mortgagee, then these preseme
<br />!. to la- void, otherwise to he and remain in full force.
<br />IT 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 18% per
<br />031"t, shall be. repaid by said mortgagor, and this mortgage shall stand as securiiv 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 It my of the foregoing
<br />agreements, shall cause Cho. whole sum of money herein secured to become due and collect' e. at once, "at the option of the
<br />mortgagee. �•
<br />Signed this 7th day of January 19 87
<br />In presence of l e(.Ct 1 /Gyf 'C1
<br />,., in K Pater
<br />Me n
<br />a t t e i• son
<br />STATE OF Nebraska .. _ Iiall
<br />County of
<br />January 7 87
<br />The foregoing instrument was acknowledged before me ....... " ........19 .... .
<br />by Melvin,K..Patterson, find Doreen P. Patter. n, Husband ans- -Wife
<br />INK
<br />`� t .......................
<br />N Signature of Person Taking Acknowledgment
<br />Notary.l?ubl. f .. ...............................
<br />Title
<br />STATE: OV . _ ___ _ i Entered on numerical index and filed for retsord
<br />t`ourtty _. J in the Register (it 1)eeds Office of said County tier
<br />_. (fay of _.. 19 at __ o'clovk and _.. ._..._.minute" _..... Ai..
<br />aril recorded ire 1b,,,k. .. of .eat page,.. .__.
<br />Reg, '4 lleeds
<br />19y i repo ty
<br />
|