|
REAL ESTATE MORTGAGE 85._.. 008714
<br />KNOW ALL MEN BY THESE PRESENTS: That ALVIN DENMAN and SHIRON DENMAN, his wife, of
<br />Hall County, Nebraska, in consideration of the sum of ONE HUNDRED 1WOM THOUSAND
<br />Dollars ($ 12A,AN.00 ) in hand paid, do. hereby SELL and CONVEY unto BANK OF WOOD
<br />RIVER, WOOD RIVER, NEBRASKA, a corporation, of Hall County, Nebraska, the following
<br />described premises situated in Hall County, Nebraska, to -wit:
<br />Lots One (1) and Two (2), in Section Thirty -one (31),
<br />Township Ten (10) North, Range Ten (10), West of the
<br />6th P.M..
<br />The intention being to convey hereby an absolute title in fee simple, including all
<br />the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises, above described, with all the appurtenances there-
<br />unto belonging, unto the said mortgagee and to its assigns forever, provided always,
<br />and these presents are upon the express condition that if the said mortgagors, his,
<br />her or their heirs, executors, administrators or assigns shall pay or cause to be
<br />paid to the said mortgagee, or its assigns, the principal stun of oNE HUNDRED IWENTy 1HgiSAN0
<br />Dollars ($ 120,000.00 ), payable as follows, to -wit:
<br />DBCEMBER 15. 1985.
<br />with interest according to the tenor and effect of the mortgagors' written Promissory
<br />Note bearing even date with these presents and shall pay all taxes and assessments
<br />Prom
<br />levied upon said real estate, and all other taxes, levies and assessments levied upon
<br />this mortgage or the note which this mortgage is given to secure, before tine same
<br />becomes delinquent, and keep the improvements on said premises insured for the sum
<br />of Dollars ($ NONE.
<br />payable to the said mortgagee, then these presents to be void, othe)rwisestolbeaand
<br />remain in full force.
<br />IT IS FURTHER AGREED (1) That if the said mortgagors shall fail to pay such taxes
<br />or procure such insurance, the said mortgagee may pay such taxes and procure such
<br />insurance; and the sum so advanced, with interest at _14_ percent, shall be
<br />repaid by said mortgagor, and this mortgage shall stand as security for the same;
<br />(2) Transfer of ownership of all or any portion of these premises without the
<br />prior express written consent of the mortgagee shall entitle the mortgagee, at its
<br />option, to declare the entire unpaid principal balance to be forthwith due and
<br />payable with accruing interest; and (3) That a failure to pay any of said money,
<br />either principal or interest, when the same becomes due, or a failure to comply
<br />with any of the foregoing agreements, shall cause the whole sun of money herein
<br />secured to become due and collectible at once at the option of the mortgagee,
<br />and after any default, the entire unpaid principal balance shall bear interest
<br />a
<br />at ( 14 ) percent per annum and until such default is remedied.
<br />SIGNED this 1st day of AUGUST 1985.
<br />l.AI DENi`1AId
<br />SHIRON DENMAN
<br />ATE OF NEBRASKA, County of Ball ss.
<br />Before me, a Notary Public qualified for said County, personally came ALVIN DENMAN
<br />SHIRM
<br />DENMAN, his wife, known to me to be the identical persons who signed
<br />the foregoing heal Estate Mortgage and acknowledged the execution thereof to be
<br />their voluntary act and deed.
<br />WITNESS my hand and notarial seal on — - �r�- / 1985.
<br />t
<br />Notary Pu iic (y
<br />My commission expires:
<br />OR
<br />
|