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i' CONSTRUCTION SECURITY AGREEMENT
<br />h_ •� �` �i��. �: �. �. �iQTc: ��ci. ��: r. �-., �r:-- ��iFu�c�T::_ �I+ �s� .�:�- �r��$�A_- ���.-����:i�... � - "—
<br />� 52 -A —REAL. ESTATE MORTGAGE —(With Tax Clause) Rev. 78
<br />Huffman and Felton 8 Wolt, Walton, Ne. 6861 CT.
<br />KNOW ALL MEN BY THESE PRESENTS: That GOODWIN CONSTRUCTION COMPANY, INCORPORATED
<br />of HALL County, and State of NEBRASKA
<br />in consideration of the sutra of � r
<br />FORTY -FIVE THOUSAND AND NO/ 100 --- ------------- - - - - - -- °-- ($45,000.00) DOLLARS '
<br />� in hand Y NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION 9 .
<br />paid, do hereby SELL and CONVEY unto f
<br />" of HALL County, State of NEBRASKA the following described premises situated
<br />{ in HALL County, and State of NEBRASKA to- wit:
<br />LOT SIXTY -TWO (62) OF WOLFE'S SUBDIVISION IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
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<br />The intention being to convey hereby an absolute title in fee simple. including all the rights of homestead and dower.
<br />! TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said j
<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 be
<br />jpaid to the said mortgagee(a), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 45, 000.00
<br />payable as follows, to wit:
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<br />ONE PAYMENT OF PRINCIPAL PLUS ACCRUED INTEREST DUE AND PAYABLE ON
<br />OCTOBER 2, 1985.
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<br />i with interest according to the tenor and effect of the mortgagors written promissory note hearing even date with these presents ( ;
<br />and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon this j
<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 $ 45, 000. 00 loss, if any, payable to the said mortgagee, then theca presents
<br />to be void, otherwise to he and remain in full force.
<br />IT IS FARTHER AGREED (1) That if the said mortgagor shall fail to hay such taxes or procure such insurance, the
<br />said mortgagee may pay such taxes amt procure such insurance; and the sum no advanced, with interest at 13.50 Per
<br />cent, shall be repaid by said mortgagor, and this mortgage shall stand as security 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 comply with any of the foregoing
<br />agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee. i
<br />Signed this, 5TH day of APRIL 1985
<br />In presence of (IOODWIN CONSTRUCTION COMPANY, INCORPORATi� ,
<br />ME
<br />S D. GOODWIN, PRESIDENT
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<br />STATE OF ......NEBRASKA .............. County of .... HA41r.... ... , ...... , ... .
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<br />The foregoing instrument was ack :owledNed before me .. Al'RiL . ................ . ..........1985...
<br />j by.,,, ,President of Goodwin Construction Company, Incorporated
<br />( MY COMMISSION EXPIRES: 8- 12 -88.
<br />gn nowledgment.
<br />LEtIAN
<br />(itlte "''4Lf!!tt! IBLIC
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<br />STATE OF., _. _....... ... _ .. Entered on numerical index and filed for record
<br />County _ ... xs. in the Register of Deeds Off ve of Wahl County the
<br />(lay of Itt at._. o'clock aml._ ntioulen ._. _._._ M,
<br />aim] retx,nl &t in 1%uk c4 at page
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