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<br />53- A —REAI. ESTATE MORTGAGE —With Tax Clause
<br />KNOW ALL MEN BY THESE PRESENTS i THAT
<br />Hultman and Felton & Wolf, Walton. Ne. 68461
<br />Bruce E. Stubben and Sharon K. Stubben, Husband & Wife (Mortgagor )
<br />of Hall County, and State of Nebraska , in consideration of the sum of
<br />Fifty –seven Thousand dollars and no /100-------------------- -- - - -- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto
<br />First State Bank, Fremont, Nebraska (Mortgagee )
<br />of Dodge County, and State of Nebraska the following described premises
<br />situated in Hall County, and State of Nebraska to-wit: Lot 11 in Block
<br />1 in Westerhoff's Second Subdivision, beinq a Re- Subdivision of the Sz of
<br />Blocks 3 and 4 and the NZ of Block 5 and 6 Westerhoff's First Subdivision
<br />in the City of Grand Island, Hall County, Nebraska.
<br />IT IS UNDERSTOOD and this mortgage shall constitute notice thereof, that this mortgage is
<br />security for not only the amount advanced concurrently with the execution hereof, but all
<br />future advances to be made at the option of the parties or their assigns up to the total
<br />amount stated in this mortgage, to the same extent as advances originally made hereunder.'
<br />This mortgage shall also constitute security for such extensions and renewals of the
<br />mortgage indebtedness secured hereby as Mortgagors and Mortgagee may agree upon.
<br />IT IS FURTHER agreed, if at any time, while the mortgage is in effect and the note for
<br />which this mortgage is given as security, or any part thereof, remains unpaid, the under-
<br />signed 1-fortgagors sell, convey or contract to sell the real estate herein described, or
<br />any part thereof, or the Mortgagors do not have or cease to have title to said real estate:
<br />or any part thereof, then and in any such events, the Mortgagee may, at its option, declat
<br />the unpaid principal balance, and interest of the note secured hereby immediately due and
<br />payable.
<br />The intention being to convey hereby an absolute title in fee simple including all the rights of homestead and dower.
<br />i� 'CO HAVE AND TO HOLD ttw-UUCrppeggimsesrinlxive described, with all the appurtenances thereunto belonging unto the
<br />said mortgagee and to its N[t7�fR�tiie4 aR.signs, forever, provided always, and these presents are upon the express
<br />$ condition that if the aforesaid mortgagor their heirs, executors, administrators or assigns shall pay or cause to be
<br />SU CC,,� ,,rs
<br />paid to the said mortgagee 1tSttt7F9. executors, administrators or assigns, the sum of
<br />Fifty -seven Thousand dollars and nO /100------- - - - - -- Dollars. payable as follows. to -wit:
<br />$16,273.04 --------------- Dollarson the 1st day of August 6985
<br />AND $ 565 .25 -------------- 4)ollarye,n the 1st day of September 1985
<br />------------- - - - - -- -AND A)Ok fxen t1;e 1st day of each successive month x **xxxxx
<br />thereafter until paid in f kill. xbifodkx$ KI taJOxxxxxxxxxxxx kMX' EAxxxxxxXXxxxxxXxXXXxxxxXxX *bkxxxxx
<br />j interest payable out of xbW kwxxcKOxxxxxxxxxxxxkorxofstipulated payment. XA*xxxxx
<br />with interest thereon at 13.75 per rent per annum. payable monthly xmxsjW all according to the tenor and effect of
<br />a certain promissory note of said
<br />Bruce E. Stubben ant Sharon K. Stubben, Husband & Wife
<br />hearing even date with these presents. and shall pay all taxes and assessments levied upon said real estate, and all other taxes,
<br />levies and assessments levied utxtn this mortgage or the note which this mortgage is given to secure. Before the same becomes
<br />j delinquent, and keep the buildings on laid premises insured for the sum of S 571 000, 00 loss, if any, payable to
<br />j the said mortgagee, them theme presents to he void. otherwise to he and remain in full force.
<br />I IT IS FI.711THER AGREEID (I I That if the said mortgagor shall fail to pay such taxes or procure such insurance, the
<br />1 said mortgagee may pay such laxpm and procure such insurance; and flip sum so advanced, with interest at per cent
<br />%hall he paid by said mortgagor, and this mortgage shall stand as security for the same. (2) 'That a failure to pay any of sand
<br />money, either principal or interest when the same hemomes due, or it failure to mimply with any of the foregoing agreements,
<br />shall cause the whole sum of monev berm secured di liecome due and collectible let once at the option of the mortgagee.
<br />Signed this 12th day of .1 a n u a r y t9 8 5
<br />i
<br />In preecemce of
<br />i
<br />I
<br />!i
<br />l
<br />STATE OF. _ N e b r F,i k a County of Dodt.lu.
<br />Before toe, a slaty public qualified for maid county, liermunally canhp
<br />E Bruce E. Stubben and Sharon K. SLubbt ll, Husband ""I fc
<br />known to me to lie the identical pprmein or pertions who mignel flip foregoiag instrument and acknowlmlged the execution
<br />therethf to be his. r� farm act ,r i.
<br />Witness my of
<br />l My ctrrrimiiei ,'Votary Public.
<br />j STATE OF .... Entertml nn nionereal index and film] for rev,rl
<br />i
<br />County in the ldegi.nter ..f Dv.s1m i fllc.• of wroid County the
<br />day of 19 let , clock rend minutes 1t .
<br />aM recorded in Rook at page
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