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I. 1
<br />85-.1.00481-9
<br />tiE -- GECOND REAL ESTATE MORTGAGE —With Tax Clau" The Nnifman General Suppl7 Iionee. Lincoln. Nebr.
<br />KNOW ALL 1AM BY THESE PRESENTS:
<br />! THAT I or WE, Gregory D. and Marla R. Mehring
<br />of Hall County and State of in consideration of the sum of ;
<br />Ik
<br />Ten Thousand and no /100ths ---------------- ---------- -------- ------ - - -° -- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto Herman R. and Ethel E. Peeks
<br />(mortgagee),
<br />of Hall County, and State of Nebraska the following described premises
<br />situated in Hall County, and State of to-wit.,
<br />North 15 feet of Lot 10 and the South 30 feet of Lot 10 Artist c Homes
<br />The intention being to convey hereby an absolute title in fee simple including all tae rights of homestead and dower. .
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging unto
<br />the said mortgagee or mortgagees and to his, her or their heirs and assigns, forever, provided always, and these pres-
<br />ews are upon the express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, admix- :
<br />istrators or assigns shall pay or cause to be paid to the said mortgagee or mortgagees and to his, her or their heirs, ex-
<br />ecutors, administrators or assigns, the sum of
<br />Ten Thousand and no/ 100ths —Dollars, payable as follows, to -wit:
<br />Interest only of $250.00 due at the end of every quarter beginning April 11,
<br />1985 for a period of three years ending April 12, 1988 with the balance
<br />of Ten Thousand Dollars due.
<br />�a
<br />with interest thereon at 10 per cent per annum, payable 4 times annually, according to the lessor and effect of
<br />the promissory note with interest coupons attached of said Mortgagors, bearing even date with these Ares-
<br />ents, and shall pay all taxes and any interest on, or maturing imstallmsents of principal, due on any prior mortgage and
<br />assessments levied upon said real estate and all other taxes, levies and assessments levied upon this mortgage or the
<br />note which this mortgage is given to secure, before the same becomes delinquent and keep the buildings on said
<br />premises insured for the sum $ 25,000 , loss, if any, payable to such first mortgagees or this mortgagee, or built,
<br />then these presents be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (i) That if the said mortgagor shall fail to pay such taxes and such interest on,
<br />or maturing >ftNerbntnts of primipal, due on any prior mortgage and procure such insurance, then this mortgagee may
<br />pay such texm anl:such interest at, or mduring installments of principal, due on such prior mortgage and procure
<br />such insuraae; aid the stmn so advanced with interest at nine per cent shall be paid by said mortgagor, and this wort -
<br />gege shell stand as Security fa►. Jim same. (1) That a failure to pay any of said money, either principal or interest on
<br />this or any prior mortgage, whin the same becomes due or a failure to comply with any of the foregoing agreements,
<br />shall roust the whole sum of money herein secured to become due and collectable at once at the option of the wort-
<br />Mes
<br />IT 1S FURTHER AGREED That said mortgagee, per ixg foreclosure of this mortgage and after decree and
<br />pending stay thereon or appeal therefrom and pending sale of premises mortgaged, may pay such taxes and maturing
<br />interest or maturing installments of principal, on prior mortgages, procure such insurance and such sums shall be
<br />added to the amount due on decree and upon conjrmatiox of safe by the court ordered taken out of proceeds of sale:
<br />or if redeemed during stay, appeal or sale, such amounts shall be collected the same as though it suere a part of Stich
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<br />decreSigned this to .. day of K.1 19 R'S ,
<br />In Presence of /;7 1 '
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