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<br />. 53—AS11L ESTATE MORTGAGE- -(With Tax Claws) Ths xcttman 6anamt 8avyls nvaM. L[nasys, AWs.
<br />KNOW ALL MEN SY THESE PRESENTS, That Ronald C. Miles and Janet K. Miles,
<br />husband and wife
<br />of Hall County, and State of Nebraska
<br />in conaidarolio>t the sit 4
<br />Four Thousand Six Hundred Fifty and 00 /100 --------- ,___---- DO [J t "
<br />in hand paid, do hereby SELL and CONVEY unto
<br />Kenneth M. Ostrander Jr, and Cheryl L. Ostrander, husband and wife
<br />of Hall County, State of Nebraska the follouaing described premses
<br />in Hall County, and State of Nebraska
<br />Lot Fifteen (15) in Argo Fourth Subdivision in
<br />the Village of Alda, Hall County, Nebraska.
<br />Subject to a mortgage of record in favor of
<br />Norwest Bank of Grand island, :`rational Associa-
<br />tion in the sum of $15,750,
<br />The intention '<isg to convey hereby nn absolute title in fee simple, including all tire rights of homestead and doaoer.
<br />TO /f.•lVl: aNi) TO fIOLi) the premises above described, 2sith all the appurtenances thereunto belonging,
<br />unto the said mortrlaetcr(s; and to his. her or thew heirs and assigns forever, prozided always, and these presents are
<br />upon the exf•res.s condition that if the .said mortgagarlsl, his her or their heirs, executors, administrators or assigns
<br />shall pay or cause to re paid to the !;id mortgageer's /, his, her or their iwirs, cxrrutors, administrators or assigns, the
<br />prig ipal .cum of t 4,650.00 payable as follouv, to -,tit:
<br />i'aydiiattr in aumr_a >rd�ancc 40h the terms of a
<br />pra?miesory note
<br />U'Vth interest arcordin p to the tenor and effect of the mortgagors :e tee °n promissory note bearing even close saith these
<br />fte.sentsand shall pay all ta.aes and eaa.scssments levied upon said read rstratc. and add other taxes, lenses etnJ atrscssments
<br />leaded ftpmrt this nmar'tgatge or tier note .adrich this mortgage is give" to secure, l >ejnre the ,same becomes delinquent, and
<br />keep the bWditgs an srfid premises insured for the um of ,k) inns, it any, patittlrle to the said
<br />'194909, then these presents to be void, e:tlae�pv%ce to be and remain in full jorce.
<br />IT /.S F(IRT'lfF.R it) That if the said mortgagor shall fail to pay .sueh taxes or pra>rure such in-
<br />swonce, the said mo- byayee aeury pay sueh taxes and procure such insurance; and tire* .eum s,a a<feaantrd. ;nth interest
<br />at 3h per r nt, ahsalt he repaid by said Martyagor, and this mortgage shall .stand as security p)r the .;ame.
<br />fal Thm a fsadure to pay any uQ Feud money, either principal or interest, a,hen the Saone becomes due, or <a f;iifuee to
<br />rrrmply unth any , ( the f,`reg,,,inrt aetreewents, ,shall souse the sa,hole sum of enaney herein secured to become due and
<br />e OUechble at once as the a,ption of the m,rrfg;rflee.
<br />!. p er'nsr` ,.f
<br />a I ,
<br />4.
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