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<br />83-- U U ~ ~ -" 1
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<br />52-A-REAL E8TATE MORTGAGE-{With Tax Clause) Rev. 78 Huffman and fetton & Wolf, Walton. Ne. 68461
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<br />KNOW RLL MEN I3Y THESE PRESENTS: That B150n Investors II, a Limited Partnership
<br />of Hall County, and State of Nebraska , in conafderation of the sum of
<br />One Hundred Ninety Thousand and 00/100------------------------------------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Hal i County, State of Nebraska the following described premises situated
<br />in Hall County, and state or Nebraska , to-wit:
<br />Lot Seven {7}, Block Nine (9}, Continental Gardens, An Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />The intention being kr rnnvey hereby an absotute Title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND 'r0 HOLD the premises above desenbed, with all the appurtenances thereunto belonging, unto the said
<br />mortgagee4s) and to his, her or Choir heirs and assigns forever, provided always, and these presents are upon the express
<br />condition Lhat if the said mortgagorts), his, her or their heirs, executors, administrators or a~igns shall pap or cause in be
<br />paid to the said mortgagee{s), his, her or their hoirs, executors, administrators or assigns, the principal sum of $1)O,000, Q~
<br />payable as follows, w wit:
<br />Thirty-Five {35} monthly installments of principal and interest of $2,508.00 commencing
<br />Plarch 1, 1983 and one final bat loan payment of X187,632.20 due and payable February 1,
<br />I98b. Final installment is a balloon payment and this lender may consider refinance.
<br />with interest according to the tetwr and effect of the mortgagors written promissory note bearing even date with these presents
<br />and shall pay all tease and assessments levied upon card real estate, and ail other fazes, levies and assessments levied upon this
<br />mor#gage or the note 'which tt,is mortgage ~s given to serum, }xrfore the name becomes delinquent, and keep the buildings on
<br />said promises insured for the sum of $ 190,000.`t)fl toss, if any, Payable to the said mortgagee, then these presents
<br />to Ixx void, otherwise to be and remain in full force.
<br />IT 1S FURTHER AGREED (I) That if the said nmrtga gor shall fail to pay such taxes or procure such insurance, the
<br />said mortgagee may pay such fazes and practrre such insurance: and the sum ao advanced, wiih interest at 16 per
<br />cent, sha{1 !re repaid by strid mortgagor, and thi*c marigage ahalf stand as security far the setae, (2) That a failure to pay any
<br />of said money, either principal or inter4:zt, when the same becomes due, nr a fai}ure to cvmpiy with any of the foregoing
<br />agreements, shat! cause Cho whole sum of money heroin secured kr txrome due and collectible at once at the option of the
<br />mortgagee.
<br />signed Cola 24th day of January is 83
<br />In presenrr of Bisoq.Investor III A Limits Partnership
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<br />_....... .._ . _ ._.._ ___ _ __ _._ By. __._... .... .. ... _ ............... -_
<br />Glenn R. Wilson, Jr., sident
<br />_...._........._......_..__--_...._._..----..... .__... _ _ __. _ . _MidmGotltinar>_L-•-lnter{t '-ses.....Lnc.,__.---.____..,
<br />S1'#TE OF ....Nebraska .............. .County of ...Hd71.....................
<br />2Yse foregoing ins _nt was acknowiedgt~ before me ............. adnllary. 28............13.83. .
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<br />by...,f~aF.-t4 ~~,~~~toy`~~r~~President of Mid-Continent Enterprises, Inc., general
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<br />partntxr f `~ ~~Zln Y,'€Ra)g~~tcit~i I , A L i mi fed P ~r~ ~ ~
<br />r" -" ~. Signatttt'e'of~`dt~son Taking Aekaoivledgment
<br />4ijr-: Gitstmt`SSio~S, ~. r{'4 ... , ....~! Notary. Public ......................
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<br />ae. ~n~red}{ agn~~nmerical i.,sda0 s~aad foC
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<br />...„ ...~.......,_.-.dtty ~ 19 at . __ n oloek atxl._.... minuter ..._. M..
<br />trod srteatt~t3 ht lf~c..,.,.,.._ .. .,.._........ af..,.~......_ .. ..-.._ ....at page..... _...... _..........__
<br />_.____......--.._.._ _ ..............__._._... __ . . .. Reg. off ~2rxAs
<br />fiy,._....._.._.. _._ ................. .. .. .. .. _.. _. ., .. _........Deputy
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