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<br />' j 63%y-REpL ESTATE MORTGADE-With Tax Clauxe Tne xatf nen General Bupply }fovea, Lineotn, Nabz.
<br />KNOW ALL MEN BY THESE PRESENTS ~~.,~ f~ ~ 0 5 9 ~'
<br />THAT
<br />RICHARD E. STEPHENS, JR.
<br />(b~ortgagor )
<br />of Hall County, and State al Nebraska , in consideration of the sum of
<br />One hundred fifty thousand and no/100------------------------COLLARS
<br />in hand paid, do hereby SELL and CONI/F_Y unto
<br />GRESHAM STATE BANK
<br />(Mortgagee )
<br />of York County, and State of Nebraska the falloavinn described premises
<br />situated in Hall County, and State of Nebraska to-wit:
<br />The Westerly One-Third (W I/3) of Lot Two (2),
<br />in Block Sixty-Five (65) of the Original Town, now
<br />City of Grand Island, Hall County, Nebraska, being.
<br />also known as [he Westerly Twenty-Two Feet (W 22')
<br />of said lot.
<br />The intent%n being to eonvey hereby an absolute title in fee simple ir+rlading ¢li fhe rights of hoonesle¢d and dower.
<br />TO HALE .4R`D TO HOLD the premises above described, g~ith all the appurtenanecs thereunto belonging
<br />unto the said mortgagee and to its heirs and assigns, forever, prozRded alza~ays, and tlaesc presents are upon
<br />the express condition that if the aforesaid mortgagor his heirs, executors, administrators or assigns s/wl!
<br />pay er cause to he pawl to the sand nu~tgagea its heirs, executors, administrators ar assigns, the sum of
<br />Dollars, payahte as follows, to-wit:
<br />5150, OOO, fl0 Dollars on the 18th day of June X983
<br />DoJlav-s on the day of rg
<br />Dollars on the day of r9
<br />Dollars an the day of r9
<br />Dollars an the day of t9
<br />resth Interest thereon at 16 per reytt per annum, payabla'at matur~}>;~y atl according to flee tenor and ejj'eet
<br />of a certain promissory note of said
<br />bearing €ven date with these presents, and shall pay aft tares and assessmeat~,~letlj~t~;~aiaF.z~gl,esttt#e, and all other
<br />tales, levies and assessments levied upon this mortgage yr the note cz~hich this•rnortgagBlS gigrett to secure, before the
<br />same becomes d¢Ilnquent, and ktep the buildings on said premises insured fur the surt~o~~' ~
<br />loss, if any, payable tv the said mortgagee, then these presents so be void, otherutise to ba and remain in furl forte.
<br />1T IS FURTHER AGREED !rJ That if the said mortgagor shall fail to pay such taxes or procure such
<br />insurance, the said mortgagee may pay such tarns and procure suck insurance; and flee sum sv admvrnced, u~th interest
<br />at par Beat shall ha paid by said mortgagor, and this mortgage sfuaii stand as security for the same. (-) That
<br />a failure to pay any of said money, either principal or interest when the same becomes due, ar a failure to comply uz#h
<br />any of the far,againg agreements, shalt cause the whore sum of money herein seeured to become due and rollcetibtc
<br />at onsret at thett-a--ptiort of tks mortgagee.
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