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<br />j WA REAL ESTATE MORTGAGE (Corp) With Tax Clauee85 00475 5 Huffman and Felton &Wolf Walton Ne. 68161
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<br />KNOW ALL MEN BY THESE PRESENTS: That Yant Equipment, Inc . ,
<br />a co ration organized add existing under end b virtue of the laws at Sts I Nebraska m
<br />by ($55, 080.0l ----- --- -- ---- -" j
<br />' �
<br />ft Five DOLLARS
<br />eomdentwn of the sum of Fifty
<br />in hand paid, does hereby SELL and CONVEY unto Kenneth L. Hoffman and Joyce Hoffman,
<br />Ha Nebraska
<br />M Hall County, State of the following described premises situated
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<br />in Hall County, and state of Nebraska to-wit:
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<br />Lots Eleven (11) and Twelve (12) in Farrall
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<br />t Subdivision, A Part of the South Half of the
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<br />Northwest Quarter of Section 24, Township 11,
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<br />North, Range 10 West of the 6th P.M., Hall
<br />;(
<br />County, Nebraska, except that part deeded to,
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<br />the Grand Island Industrial Foundation. Deed
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<br />Records Book 178, Page 123.
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<br />The intention being to convey hereby an absolute title in fee simple.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto bekmging unto the said
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<br />and to heirs and assigns forever, provided always, and these presents are upon the express condition that if the
<br />said
<br />or assigns shall pay or cause to be paid to the said
<br />,
<br />heirs, executors, administrators or assigns, the sum of Fif ty Five Thousand ($55,000) Tian, payable as
<br />follows. to-wit:
<br />$55,000-00 Dollars on the day of March 1986
<br />Dollars on the day of 19
<br />Dollars on the day of 19
<br />Dollars on the day of 19
<br />Dollars on the day of 19
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<br />with interest thereon at 1234 per cent per annum, payeib +wwwlly, according to the tenor and effect
<br />of the promissory note too lei ounip Amill..6s..moul
<br />bearing even date with these presents and shall pay all taxes and assese:.,ents levied upon said real estate and all other taxes,
<br />levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the same becomes
<br />delinquent, arul keep the buildings on said premises insured for the sum of $ 55, 000.00 loss, if any, payable to the
<br />said mortgagee, then these presents to be void, otherwise to he and remain in full force.
<br />IT IS FURTHER AGREED, (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance the
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 16 per
<br />cent shall be repaid by said mortgagor, mod this mortgage shall stand as security for same. (2) That a failure to pay any of
<br />said money, either principal or interest when the same [wcome due, or a failure to comply with any of the foregoing agree-
<br />ments. shah cause the whole sum of money herein secured to become due and collectible at once at the optio %,gf the mortgagor.
<br />IN ViPY['lgESS %1HEREOF, the said
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<br />has hereunto its 'mrpghte to, be affixed and t presents to be signed by its
<br />thin :,.f, f"._ day of
<br />Sipsi.%,sled and dobvet in proseoLv of
<br />J�2t'i�:� ._.......
<br />By. ..r:1.i.�....
<br />STATE OF ..... , I ; r::' t ... , County of .. , . / // . .: .......... .
<br />The foregoing irtstrumont was acknowledged before me +c;\� �.�. <....: ..::.......19 . .
<br />by1A; j `F; %�
<br />14'?...... .
<br />y Signature of Person Taking Aclpftowledgment
<br />............... ...............................
<br />Titl e
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<br />STA" Or_ ... .............._..,............. __ ._._ ._... ` Entered on numerical index and Akrd for record
<br />Ceaaty ........ ss. in the Register of Deeds Office of said County the
<br />_.... -day of.. _ 19..... _ ., at oclock and._ .. minutas .................M.,
<br />and revatill+d in Bunk _ of ._ _ st pogo .
<br />_ Reg. of 1)esde
<br />fly _ Deputy
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