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<br />52Y:r-SE'eOND REAL ESTATE MORTGAGE-With Tax Clause
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<br />Hullman and Felton & Wolf, Wallon. Ne.68461
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<br />83-001 OJ t'i
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<br />KNOW ALL MEN BY THESE PRESENTS:
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<br />THAT I or WE, PATRICK A. JAMES and ~iJY S. JAMES, Husband and Wife, each in his and
<br />her. own right and as spouse of each other,
<br />of Hall County and State oj Nebraska , in consideration of the sum of
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<br />*FIVE 'lHOUSAND SIX HUNDREDlIND NOjlOO'lHS------($5,600.00)----,----DOLLARS
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<br />in hand paid, do hereby SELL and CONVEY unto MELVIN K. PATmRSON and OOREEN P. PATrER3CN,
<br />Husband and Wife, each in his and her own right and as spouse of each other, as joints
<br />tenants and not as tenants in camon , (mortgagee),
<br />of Hall Count)', and State of Nebraska , the following described premises
<br />situated in Hall COllnty, and State oj Nebraska to-wit:
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<br />The Easterly 40.3 feet of lot Eleven (11) of the County Sulxlivision of
<br />lots Thirteen (13) and sixteen (16) and part of lots Eight (8), Eleven
<br />(11), Twelve (12) and Fburteen (14) of the County Subdivision of the
<br />Southeast Quarter of the Southwest Quarter (~) of Section Sixteen
<br />(16), Ta-mship Eleven (11) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska.
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<br />The intentioll beillg to convey hereby an absolute title in fee simple including 01/ the nghts oj homestead and dower. I
<br />TO HAVE AND TO HOLD the premises above described, 1<.;th all the appurtetla..ces thereunto belo..ging ,mto
<br />the said .nortgagee or mortgagees a..d to his, her or their heirs and assigns, fore'Jer, pro~.;ded alu.>ays, a..d these pres-
<br />ents are UP01l the express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, admin-
<br />istrators or assigns shall payor cause to be paid to the said ,twrlgagee or mortgagees and to his, her or their heirs, ex-
<br />ecutors, administrators or assigns, the sum of Five 'ihousand Six Hundred and No/lOOths
<br />($5,600.00) Dollars, pa}>able as follows, to-,t'it:
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<br />Five TOOusand Six Hundred and No/lOOths lbllars ($5,600.00) arrortized at twelve per cent
<br />(12%) interest over a period of two (2) years with twenty-four (24) consecutive IlDI1thly
<br />payrrents in the arrount of 'lWo Hundred Sixty-'nn:ee and 62/l00ths lb11ars ($263.62) each,
<br />to be payable ccmnencing on the 15th day of each llUlth after the closing and a:mtinuing
<br />on the 15th day of each IlDI1th thereafter until the note is paid in full.
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<br />with interest thereon at 12 per cent per anlu.m, payable llUlthly IllIlIIIIIINlL aecordi..g to the tenor alld effect of
<br />the promissory note with interest coupons attached of said Mortgagors, bearing evell date 'U.;t!J these pres-
<br />ents, and shall pay all ta:ns and any interest on, or ,ootKring installmenls of prirlcipal, due all allY prior mortgage arid
<br />assessments levied "pan said real estate and all olher taxes, levies and assessments In.;ed Up01l Ihis morlgage or the
<br />1l01e which this tIIttrtgage is givell to seC1l,e, befttre the same becomu delinqu.'Ilt alld keep the buildillgs 011 said
<br />premises insured for the....m $ 35,OOO.QOoss, if a..y, payable to Sl<<:h first mortgagees or this morlgagee, or both,
<br />lhen these presents be void, tttlt8nt>ise to be and ret.ldin in full force.
<br />IT IS FURTHER AGREED (1) That if Ihe said mttrlgagor shall fail 10 pa}' suel, taxes alld such illterest Orl,
<br />or mat"ring installments of principal, dm on any prior mortgage and procure such insuTallce, then this llwrtgagee 'MY
<br />pay SMeh taxes and sllch interest on, or maturing installments of principal, due all SlIch prior mortgage and procure
<br />sweh insu'a....e; and the SUtll so adwlICed with interest at nine per ce..' sl.all be paid by said mortgagor, alld this mort- i
<br />gage shall stand as secumy for Ihe same. (2) That a failure to po:)' allY of said lllOlIey, ,ojther prillcipal or illterest a'"
<br />Ihis or any prior tIlOrtgage, when the same becomes due or a failure to comply with /ItIy of the foregoillg agreemellts,
<br />shall cause lhe whole sum of tnOaey herein sectU'ed to become due alld colleclable at orlce at the option of the mort-
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<br />IT IS"E.1JRlHBR AGREE/) Thof said mortgagee, pending fo,eclosure of this mortgage and after decree alld
<br />pend<ng stQJtM." ,.~IIHw..~ pending sale of premises lIl<)rtgaged, may pay such laxes alld maturiug ,
<br />inlerest CII" '.' '~;Qj,''1~pal, all prior mortgages, procure sweh insuTllrlce alld such SUllloS shall be I
<br />add~d to tk:".,1fW'~~;_lih'i>on conjirtMtio.. oj sale by Ihe court ordered taken o~ of proceed.s oj, sale; I
<br />,,!'f red,emid unltg stay, a"eal11T sale, such amounls shall be collected Ihe sallie as though It ,vere a part a) sllch
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<br />SigJwd fhis 1st day of March .....-19-83 I
<br />1.. PresftlCe of // .j. I".. /' /
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<br />~ 'tyn'VH.~ >::'\ .r.. 1 l'-" . I
<br />Tanmy S. J~' J ci-eL. ....:)~ i
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