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<br />52V.-A-8ECONO REAL ESTATE MORTGAGE-Tax Clause
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<br />Hultman and Fellon & Wolf, Wallon, He. 68461
<br />
<br />of Lancaster
<br />situated in Ha 11
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<br />County, and Slate of Nebraska
<br />C<>unty, and State of Nebraska
<br />
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<br />II
<br />.,
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<br />II
<br />If
<br />if
<br />"
<br />, (mortgagee), I Ii
<br />, the following described Premises! II
<br />to-wit:
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<br />, in conside.ation of the ~ of
<br />DOLLARS
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<br />KNOW ALL MEN BY THESE PRESENTS: THAT r o. WE, Kenneth D. Reager and
<br />Mary J. Reager, husband and wife, jointly and each in their
<br />own right
<br />of Lancaster Counly and Statu of Nebraska
<br />Seventeen Thousand Five Hundred ($17,500.00)
<br />in hand paid, do hereby SELL and CONVEY unto Olson Construction Company,
<br />a Nebraska Corporation
<br />
<br />Lot Seven (7) Bishop Heights Third
<br />Subdivision of Hall County, Nebraska,
<br />more commonly referred to as 4328
<br />Manchester Rd., Grand Island,
<br />Nebraska, 68802.
<br />
<br />The in~ntion being to convey hereby an absolute title in fee simple including all the rights of homestead and dower.
<br />TO HA V'E AND TO HOLD the premJ.sE.9 above described. with aU the appurtenances tllcreunto belonging unto the said
<br />mortgagee or mortgagees and to his, her or th(>ir hf',n;: and as..~igns. foft>ver, provided always, and these presenbl are upon the
<br />express condition that if the said mortgagor or mortg:l#fors, his, her or their heirs. el:ecutors, administrators or assigns shall pay
<br />OJ' cause to be paID to the said mortgagee or mortgagees and to his. her or their heirs. ex(?'Cutors, administrators or assigns, the i
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<br />811m of Seventeen Thousand Five Hundred ($17,500) Dollars, payable as lollows,lo,wil:
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<br />The entire principal balance shall be payable on or before
<br />January 24, 1984.
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<br />the rate of one point over the National Bank of Commerce
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<br />with interest thereon at pr il1lr;! .--f.flii-f! rtnnnm p~YBhl.,. "hn1\~lI~,. according to the- tenor and effect of the
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<br />promlS&OT)' note with int.Nest cuupons aHachNi of said Mortgagt;>ltt. llt.>aring evt'n date with these presents. and
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<br />shall pay all taxes. and any interest on. Of maturing installmc- nts of prindpal. due- on any prior mortgage and a..'tSessmenb;;
<br />levied uPon said real (lostate and all. other taXeH. levies IU~ ass essments leviM u~n this mortgage or the note which this
<br />! mortgage is gl'\"ell to secure. belore the s.amt" bet'omes -dehnq-uc n1 and keep the buddin~ on Maid premises insured for the sum
<br />
<br />I $ 17 500.00 ' loss. if any. pa)'able- to such first mortgagees or this mortgagee. or both. then these presents be void,
<br />l othe~ to be and remain in full fQrce_
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<br />! IT IS FURTHER AGREED 11) That if t.rn. 8aid rnortR'agor shaH fail to pay ~Ulll tax{'''-. and. such interest on, or maturing
<br />! installments: of pr-ith.~pal. due on any prior mortgRtte and procu re such irururan("E'. then this mortgagee may pay such taxes and
<br />such interest on, or maturity installments of principal. due on such prior mortgage and procure such insurance: and the sum
<br />SO advanced with int.erest at nine per cent -Shall be paid by Mid mortgagor. and this mortgage shall stand as security for the
<br />same. (2) That a failure to pay any 01 .:;aid money, either principal Of' inwrest on this or any oiher prior mortgage. when the
<br />, same becomes due Qf a failure to t'Ulllply with any ot the foregoing agreerrwnb. shall ('8use the whole sum of money herein
<br />1 MlCUred to become due and collt"Ctible at once at the option of the mortgagee.
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<br />i IT IS FURTHER AGREED ThaI said mor!5agee. pending foreclosure of this mortgage and aCter decree and pending
<br />i May thereon or appeal thereirom 8Ad pending saJe- of premises mortgaged. ma)" pay such tues and maturing interest or matur.
<br />I ing instal1me-nta of principal on priQr mortgagea. proc."U-l'e such insurant..'e and such sums shall be added to the amount due- on
<br />I decree aDd. upon confirmation of sale by the court ordC-.ft'd. taken {~t of proceeds of ~!e; or if n~eem.ed during !:itay. Bp~a!
<br />I or..u.,.ueh amounta $ball be oolJe<:ted the """,e ... though II were a part of 8Uch decree,
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<br />j Signed thill 28 day of Februarv . 19 83
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<br />I ,,,,,.J!-1. J .~..J.~.r!
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<br />I NEBRASKA ,
<br />11 I STATE OF..,....."... . County ot
<br />~! Before me, a ..-.,. public qualified for oaid cuunty, pe",onally came
<br />; Kenneth O. Reager and Mary J. Reager
<br />.. I bIownta me to be the identic:aI pertlOn or _08 who signed the toregoing i!Ult"""enl and
<br />, I thea!o(.. to.. be hi&" her 01' lhei, YOIuntlU'y ad and deed,
<br />" I". . February 28,
<br />
<br />" IMv == :::'~.,':~~::/2 19ud2 ~:.il.i,z
<br />i! 1
<br />r- f'B'f'A,TB OF'''~''-''m
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<br />~ . .,...de7 0<<._,
<br />;
<br />j .... -.oW U. lloolt.
<br />
<br />Lancaster
<br />
<br />IfIlIIla It Witt
<br />lK~ NOTA.fAl.
<br />S:a.AL
<br />~1tAUA
<br />___ 11, 1916
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<br />M..
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<br />83 . '
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<br />
<br />Entu...,.j on nUmt!ri<'&! tnd"" and 1Utl<l for ......rd
<br />in the I4ogis.... 01 Deed. 0flIce of said Gounty the
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<br />
<br />19.. ... at..
<br />
<br />o 'cloeJ. and.
<br />
<br />-minut..-
<br />
<br />.of
<br />
<br />at pqe...
<br />
<br />Rec. 01 Do>edo
<br />
<br />By.
<br />
<br />I:J.pu Iy
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