85000346 - Laserfiche WebLink

Browse

r s r REAL ESTATE MORTGAGE 85- 00ON6 CONSTRUCTION SECURITY AGREEMENT iIFN 1 CONSTRICTION CO.. INC. of the County of Hall and State of Nebraska hereinafter called the party of the first part, in consideration of EIGHTY FIVE THOUSAND DOLLARS AND NO /100 --------------- - - - - -- DOLLARS, In hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings & Loan Association of Grand Island, Grand Island, Nebraska, and its successors and assigns, the following real estate, situated in Hal l County, State of Nebraska Wit: LOT TWENTY -T=OUR (24), IN BLOCK TWO (2), BRENTWOOD SECOND SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate, and all the rents, issues and profits arising therefrom after default in performance of any covenant or condition herein con. tained; and warrants the title thereto perfect and clear except for this mortgage. During the time this mortgage is in force the mortgagors agree: First. To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied upon this mortgage, or the debt secured by this mortgage. Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company, to be ap- proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of for the benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not commit or suffer any waste on said premises, and shall put and keep said real estate buildings and improvements in good order. Third. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or the sum of $ FTGHTY_f T 11 T HOI ISANII_ F101 1 -ARS an hjQ/1 QQ DOLLARS, payable as follows: 595,000.00 due February 1, 1986