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<br />52-A-REAL EBTATE MpRTGAGE-{With Tax Clause) Rev. 78 Nuffman and Felton & Wolf. Walton. Ne. 68461
<br />KNOW ALL MEN BY THESE PRESENTS: That David L. Nelson and Rhonda S. Nelson,
<br />Husband and Wife
<br />of Hdl 1 County, and State of NebrdS kd , in consideration of the sum of
<br />THIRTY ONE THOUSAND FIVE HUNDRED AND NO/100-----------------------------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY onto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Ha11 County, State of Nebraska the following described premises situated
<br />in Hall County, and State of NebraSkd .to-wit:
<br />LOTS SIX (6) AND SEVEN (7) IN BLOCK ELEVEN (11)
<br />IN EVANS ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said
<br />mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are upon the express
<br />condifion that iE the said mortgagor(s), his, her or their heirs, executors, administrators or assigns shalt pay or cause to be
<br />paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 31 , SOO.OO
<br />payable as follows, to wit:
<br />FIFTY-NINE (59} CONSECUTIVE MONTHLY INSTALLMENTS OF
<br />$403.20 INCLUDING PRINCIPAL AND INTEREST COMMENCING
<br />APRIL 1, 1983 AND ONE FINAL INSTALLMENT OF $29,930.72
<br />DUE AND PAYABLE MARCH 1, 1988. FINAL INSTALLMENT IS
<br />A BALLOON PAYMENT AND LENDER WILL CONSIDER REFINANCE.
<br />with interest acconiing t.o the tenor and effect o[ the mortgago ra written promissory note bearing even date with these presents
<br />and shall pay all taxes and assessments levied upon said teat es late, and all other taxes, levies and assessments levied upon this
<br />mortgage or the note which this mortgage is given to secure, before the same becomes delinquent, and keep the buildings on
<br />said premises insured for the sum of $ 31 , SOO. OO toss, if any, payable Co the said mortgagee, then these presents
<br />&~ be void, otherwise to be and remain in full force.
<br />IT !S FCiRTHER AliREED (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 14.50 per
<br />cent, shall be repaid by said mortgagor, and this mortgage shall stand as security far the same. (2) 'T'hat a failure to pay axyy
<br />of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum of money herein secured to become due and collectible at once aL the option of the
<br />mortgagee. ~f
<br />signed this 8th say of February 19 J i 9 1( J
<br />._..__ In presence of _~ p1,{,~~~0(/ (//3~'// Ll _. _ .........
<br />1Ga L ~E I SOfI _ ~ ~
<br />~onda S. Nelson
<br />STATE OF ... N ekCd S ka ............... . County of ...... H ~ 11, .................
<br />The foregoing instrument was acknowledged before me ..... Februdl'Y..$ ....................19 ..$3.
<br />by.I1dV3S~..l..Netson..ao da S. Nelson, Husband and Wife
<br />,!
<br />µpTARV N tt # ' Signature of Person Taking Acknowledgment
<br />My CLmmission Exp l~t~: t8~x~
<br />j Notary Public
<br />•~' ~O,f ......................................
<br />- _n:'+GQ ,n lgr''_~R ~ Title
<br />~TATI» OF......_ .............................. ~ er RQY Entared on numerical fr,dex and flied far rornrd j
<br />ss.
<br />County .......................°-.........................._..._........._.. in the Register of Deeds t?lTioe of said County the
<br />.......~ ...............day of............_._.-._._._...._._...____• 29............., at...._...._.---..._.....-.-_o'clock artd...._.....--_. . -_......minutes .....__.......,.__M., i
<br />oast xeevrdad iu Book.__,..._.__..__........._..__.,...of.....__........,._......_... -.......at pago_..__...._._.._...___..._ ... _.
<br />.. _.. .-._...,_-......_........_ .,.._.._...---._ _._... . _....Reg. of Deeds i
<br />By.._,... _ Deputy ,
<br />>: c
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