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This Instrument constitutes a Construction Security Interest under the Nebraska Construction Lien Act,
<br />I 52•A —REAL ESTATE MORTGAGE —(With Tax Clause) Rev 78 Hulfman and Felton & Wolt, Walton, Ne. 68461
<br />KNOW ALL MEN BY THESE PRESENTS: That 85- 004506
<br />GOODWIN CONSTRUCTION COMPANY, INCORPORATED
<br />of Hall County, and State of Nebraska in consideration of the sum of
<br />(� Thirty Thousand and 00/ 100 --------------------------------------- (530,000.00) --- DOLLARS
<br />r in hand paid, do hereby SELL and CONVEY unto
<br />NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION
<br />of Hall County, State of Nebraska the following described premises situated
<br />in Hall County, and State of Nebraska to -wit:
<br />Lot Eleven (11), Block Six (6), in College Addition to West Lawn City of
<br />Grand Island, Hall County, Nebraska.
<br />The intention being to convey hereby an absolute tille in fr•e simple, including all the rights of homestead and dower.
<br />TO HAVE AND '1'0 HOLD the premises above ].-scribed. with ill the appurtenances thereunto belonging, unto the said
<br />mortgageelsi and to his, her or their heirs and as ions for,•vtr. provided always, and these presents are upon the express
<br />condition that if the said rnortgagor(s), his, her or their heirs, ex- --tors. edminwrttors or assigns shall pay or cause to he
<br />paid to the said mortgagtc(s), his, her or their heirs, executors, administrators or assigns• the principal sum of $ 30,000.00
<br />payable is follows, to wit:
<br />One Payment of Principal plus Accrued Interest due and payable on March 17, 1985.
<br />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 rice ownts Ir.'i.•d upon card r.-al ,,stab% and all other taxe.. h•vi, s and assessments levied upon this
<br />mortgage or the note which this mortgage. is ;oven to ,.•, urn•, hrfot• th,• carte IH•contes delinquent• and keep the buildings on
<br />' said premises insured for the sum of $ 30,000.00 L., s..i am.. pay ;vole to the said mortgagee, then these preum:•
<br />y
<br />to ht- void, otherwise to be and r ;smut in full hut.
<br />IT 1S l'UHTFIE[t A(;Rl•,1•:1) ( 11 That if Ill,, s:wl n:nrtgxaor shall fall to pay urh taxes or prna•uro such insurance•. the
<br />said nrvrtgagee may pen' such taxes and procure- such insuran( e. :.fill Ili,- sum an ad'allr.•el, with uver—I at 12.75': per
<br />cent. shed! In- repaid by said mortg;g ;or, and thus nwrtga;a• shall stand a, scrurrtc for till- carne. 12) That a failure to pay any
<br />of said money, either principal or inten•s1, when the smut htcornea due. or it fail""` to curnpiy with any of the foregoing
<br />agreements. shall cause the whole sum of money heron strut•] to and collectihle at once at the option of the
<br />ntortgaget.
<br />signed thi4 16th day of September 1085
<br />In pnretme• of G"DWIN CONSTRUCyAN COMPANY, INCORPORATED
<br />,�7` acmes D. Goodwin, President
<br />'STATE OF ........NE(3RASKA ........... County o/....... Ha. 1..1...... I . .
<br />f
<br />The foregoing instrurnent way acknowledged before me ............. September, ,16, . , lg 85
<br />by •James,•D,,G000Wi•n,,President Goodwin Construction Company, Incorporated.
<br />.. _ -.
<br />§ignatur( of Person Taking Acknowledgment
<br />My commission expires:
<br />c�
<br />NotorY.. Publ
<br />A , .i.G ..........................
<br />Title
<br />STATE OF . ........ ............ Entered on numerical index and filed for record
<br />L
<br />.
<br />County ..._._ .. .. .......... ...... .. ...... � in the Register of Deals (lflke of cull County the
<br />,x
<br />day of. _.. If) _. aL o'clock and. minutes
<br />and recorded in Book. uF at page. ..
<br />- _ lteg. of Dvixis
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<br />Il,y _ Deputy
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