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<br />~RTGAr,E. RE_-RECORDED_ TO CORRECT LEGAL .pESCRIPTIO ~~~~'~~ ~ ~~ ~~ ~ ~} ~ ~ ~ ,'
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<br />8.. _.__ .....---._ Nuffran..-_._ _,..._.___ .. _. ___.__-.
<br />~~ 58•A-REAL E8TATE MORTGAGE-(With Tax~Clause} Rev. 7 ~ -2:~~-
<br />and Felton 8 Wolf Wal ar. Ne 68461 }
<br />i MERCHANTS DEVELOPMENT CO., A PARTNERSHIP, Alvin P. ~?
<br />arrow Atr: mtErr BY TIIESl; rxESErrTS: That Alms, Bernard L. Batten, Fred M. Glade III, ~ ;
<br />John R. Miller, Richard E. Stephens and Ronald L. Willman,
<br />1 of H8l t Caunly, and State of Nebra Ska- , in consideration of the sum of ! - {'
<br />i SEVEN THOUSAND FIVE HUNDRED AND NO/100----------_---------------------------- DOLLARS
<br />in hand paid, do hernny sEVh ana cox«Y nnto The First National Bank cf Grand Island,
<br />s Grand Island, Nebraska I `!
<br />I of Halt County, State of Nebraska the following described premises eitu'sted ~ 1~
<br />S in Hall County, and stain of Nebraska .to-•~t: i i.
<br />WEST ONE THIRD (1/3) CF LOT ONE {1),
<br />BLACK SIXTY FOUR (fi4), ORIGINAL TOWN, NOW CITY OF GRAND ISLAND
<br />HRLL COUNTY, NEBRASKA.
<br />The intention being to Canvey hereby an absolute title in lee simple, including all the rights of hnmeatead and dower.
<br />'Pt) HAVE A\D Tf) Hgr.D the premises af>ova described. with ail the appurtenances thereunto belonging, unto the said
<br />morigageeis} and to his, her nr their heirs tuu} assigns {Drava r, provided always, and these presents are upon the .express
<br />~- i condition that iE the said mortgagorls). hrs, her nr their heirs, exougttors, administrators ar assigns shall pay or cause th be
<br />paid to the said mortgagee (st, his. her nr their heirs, executors, administrators or assigns, the principal sum of $ j,SQ(},DQ
<br />payable as follows, to wit:
<br />A5 PER NOTE OF EVEN DATE
<br />with interest atmwrd'
<br />_ j trig to the tenor and effect of the mortgagors written promiaeory note bearing even date with these presents
<br />acid shall pay all taxes atxl assrxsments leveed ulxn sutrE real ea fate, sad all other fazes, loviea and assessments levied upon this
<br />I mortgage or the rwte-which this mortgage ie given to s<v urr, before the same Incomes delinquent, and keep the buildings oa i
<br />said pceeniaes iftsurwi for the sum of $ 7 , SDO.OD ,fuss, it any. trayahle to the said mortgagee, then these presents
<br />to h+t void, otherwi~ to ire sled remain !n full force.
<br />IT IS Ft~tH'TfIE--R AGF3l;EL (S} That if the- aaui mnrsga gor xhall fad to pay sech taxes er procure such irtcurance, the ~ --
<br />~ said xt~rtgagee may peg such rases and procure >uch inewrance; and the sum sa .ulvanecd, with interest at fQtlrt22n par
<br />evni, shaft be repaid by said mortgagor, and this martgaga shat( stand as security for the same. (1) That a failure to pay arty ;
<br />1 of said np~ney, either prmc•ipa! ar mterast. when the same becomes due, or a failure to comply with arty of the foregoing
<br />- agreements, shall cattsn the whole wm .at money irerain sacu red to become clue amt culleutible et once at the option of the .'
<br />mortgagee. MERCHANTS DEVELOPMENT CO.
<br />syflii~~ltic 19Lhj? ~Iay Fd September 1983 -,~ . .A Pa 7tnershi p
<br />n ms a ner r ".-_ J~`i~ ~-ITe~ ~~ ~~.;~f - .
<br />~r ' ~artner Ij%YC"iY~;~'d ~lzSY'te~ns R ~,~,r... _...
<br />r
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<br />3 "~ _ , , r nee _ .. _ __ . 'ROikxld L. ~tl~ltan, Partner .._. . _ . .......
<br />STATE OF .......-~f;b?'as.K~......... _ . ,County of ... Ha I J .............. . .....: i
<br />The foregoing instrument was ucknvudedged before the .... September..11 ..................19 &3... '.
<br />Alvin P. Alms, Berner en, Fred blade III, John R. Miller, Richard E.
<br />Try ...............
<br />Stephens and~s`tonal~~ ~ 11 of the partners of,tR,e Merchants~Development to , .-
<br />' - ~ :i'C`.~~~9R~ j~.rt_~.r._ }. ,~_>',..-.,,nf..,. ". x:f .x<:.~.-- `F
<br />t - ~ C!OMAdt5slpN ; •~ Signaitirc of Pef~on Taking AcknowletigmentY
<br />EXPIRES _
<br />MY Gtunmissifrn Expire ~~~ f 4~,_~.~ ~! .. ..........................
<br />'T'itle
<br />r S"fA'TC OP' ....._,._.......,.. ._......._:.... _.,,::.... ,..,...' ~ Entered on attmerica! index and Sled for ractrrtl .,
<br />t"`•.act#y .....___... _ .. __ ,_ _•. ........,_; is 11te Register of I?stvia OB'a~ ut said County tlta '
<br />.._.......... d+6T of_ _ .. .... ........... 19..._....._, at............. ,.. _.....o'ctuth slut...... ... ___ ...minutos .......,__.... M,.
<br />a~ r-saarti+rtE in 114uk._.. ._, .. _._ _. of_ _ ...,._,. _.._ ._ _ _,nt pegs--- __-...._.
<br />:-. <. ........,.. _. _... _._ ..............__ .... - -flag, of 11et+d-x
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