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V V ty 9 v-z Heaftmas asst Felton & Waif. Watton, %e. 6&*i KIVW SE -A —HEAL ESTATE 1YIbR7'rsASE — €Weth Tax Gvawe) Rev. 7� ; ALL MEN $Y THEN PRESENTS: That RAITH NEGRETE and CERISTINE husband and wire ai Hall Ccuaty, and State of Nebraska in consideration of the sma of - FIVE IHO SAND ($25,000.00) DOLLARS an laaad Ind, a&. bNeby SELL and CONVEY not. LEO S. PETU SEN and M. EUZAWIV PETERSEN, hus- band and wife, as joint tenants, ad Hall county. State of Nebraska the situated in Hall Cbruii- and Std of Nebraska � •°�t Lot One (1) in Block Twenty -one (21) of Kernoban and Decker's Additions to Grand Island, Hall County, Nebraska. Transfer of title of all or any portion of these premises without the prior written consent of the martgagees shall entitle the mortgagees to declare the entire unpaid tl principal balance to be forthwith due and payable. P, 1 THIS •IS A FIRST PURCHASE MNEY MORTGAGE I The N&mamn being to convey beret+-. an absolute tilde in fee simple, including all the rights of hasnested and dower. To HAVE AND To HOLD the premises above described. with all the appurtenances thereunto unto the add meatpagoeisj and to iais, her or their heirs and assigns forever, provided always, and these presents are upon the express that if the said (s), his, her or their heirs, executors, administrators or assigns shall pa-v or cause to he paid to the said s). 'laic, her or their heirs. executors, administrators or assigns, the principal sum of 125,000.00, payable an fallows, to wiit: Two hundred forty (240) consecutive monthly amortizing payments, including interest at ten (10) percent per annum, such mmthiy payments being in the amount of Two Hundred Forty -one Dollars and Tuenty -six Cents ($241 -26), with the first such payment payable September 1, 1985, and subsequent pay- ments payable on the first day of each month thereafter until a total of two hundred forty (240) such monthly payments have been paid, with . to the tenor and effect of the mortgagors written promissory note hearing every date with thews presezits and sW& pay an taxes >md assessments levied upon said real estate, and all other toes, levies and assessments levied upon this anortgage or the mate `which this mortgage is given to secure, before the same be comms delinquent, and keep the buildingson ,rid assured for the sun of xthe unpaid debt . loss, if any. payable to the MW mortgaW. them thew presents N be void, otherwise to be and remain in full force. IT IS FURTHER AGREED i 1) That if the said mortga gor shall fail to pay such taxes or procure such insurance. the and mortmm may pay such taxes and procure such insurance: and the sum raze advanced, with interest at 14 par east, sbM be repaid by said mortgagor, and this mortgage shall stand as socunt% for the same. (2) That a failure to pay any C4 swd Nancy, either prmorpol or interest, when the same becomes due, or a failure to Comply with any of the foregoing aposon"01. sham on the whole sum of money herein severed to becxame due and at once at the option of the # �ti 19 85 ftaod this i �— �y ad # A l In presence of I� - - � Christine,%Mrete ; 1 .......... .... ...... .... ........ sTATz (V ... ............ . County of ..Hall— .......... - ..... . Tu �t t . w� beitu+e the ..........� by CHRISTINE NEGRETE, husband and wife. taume of Person Ti kit a t � Tim............... SrATt or ....... i Entered an numerical index and Mod for record m' is the arf DW& Offlor of mid -.County the County _ ..... of l9 _- at .. _. -. -_ ..__,_saafodc Mil_...... __ .. ._ _ tsa awl in Dook Of _._at PW _._ . ny ty a 01