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<br />83- (J{j 12'-,;;13
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<br />KNOW ALL MEN BY THESE PRESENTS: That CONSTANCE L. BUDD and LEROY BUDD, wif.e and
<br />husband, each in her or his own right and as spouse of the other, of Hall County,
<br />State of Nebraska, in consideration of the sum of $ 9"1f tf1Ifk?t!# in
<br />hand paid, do hereby SELL and CONVEY unto BANK OF WOOD RIVER, WOOD RIVER, NEBRASKA
<br />the fo110wing~described premises situated in Hall County, Nebraska:
<br />
<br />A tract of land situated in the Northeast Quarter (NE\), Section One (1), Township
<br />Ten (10) North, Range Twelve (12) West of the 6th P.M., Hall County, Nebraska, more
<br />particularly described as follows: Corrmencing at the Southeast (SE) corner of the
<br />said Northeast Quarter (NE\) and proceeding along and upon the East line of the said
<br />Northeast Quarter (NE~) a distance of Four Hundred Fifty Feet (450'), thence proceed-
<br />ing Westerly parallel to the North line of the said Northeast Quarter (NE~) a distance
<br />of Five Hundred Ten Feet (510'), thence proceeding Southerly parallel to the East
<br />line of the said Northeast Quarter (NE\) a distance of Three Hundred FiHy'Feet (350'),
<br />thence proceeding Easterly parallel to the North line of the Northeast Quarter (NE\)
<br />a distance of One Hundred Feet (100'), thence proceeding Southerly parallel with the
<br />East line of said Northeast Quarter (NE\) a distance of One Hundred Feet (100'),
<br />thence proceeding Easterly along and upon the South line of the said Northeast Quarter
<br />(NE~) a distance of Four Hundred Ten Feet (410') to the point of beginning, containing
<br />5.039 acres, more or less.
<br />
<br />FIRST REAL ESTATE MORTGAGE
<br />
<br />This mortgage is subject to encumbrances of record to Commodity Credit Corporation.
<br />
<br />The intention being to convey hereby an absolute title in fee simple, including all
<br />the rights of homestead and dower.
<br />
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereto
<br />belonging, unto the said mortgagee and to his, her or their assi9ns forever, provided
<br />always, and these presents are upon the express condition that if the said mortgaqor,
<br />his, her or their heirs, executors, administrators or assigns shall payor cause to
<br />be paid to the said mortgagee, hJLs, her ~ their heirs, executors, administrators or
<br />assigns, the principal sum of S Yi(.,.- , payable as follows, to wit:
<br />~.""A "'~, "'PI;'
<br />with interest according to the tenor and effect of the mortgagors written promissory
<br />note bearing even date with these presents and shall pay all taxes and assessments
<br />levied upon said real estate, and all other taxes, levies and assessments levied upon
<br />this mortgage or the note which this mortgage is given to secure, before the same
<br />becomes delinquent, and keep the buildinqs on said premises insured for the sum of
<br />$100,000.00, loss, if any, payable to the said mortgagee, then these presents to be
<br />void, otherwise to be and remain in full force.
<br />
<br />IT IS FURTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes or
<br />procure such insurance, the said mortgagee may pay such taxes and procure such insur-
<br />ance; and the sum so advanced, with interest at - ".r- percent, shall be repaid by
<br />said mortgagor, and this mortgage shall stand as security for the same. (2) That a
<br />failure to pay any of said money, either principal or interest, when the same becomes
<br />due, or a failure to comply with any of the foregoing agreements, shall cause the whole
<br />sum of money herei n secured to become due and payable.
<br />
<br />SIGNED this //I!J day of March, 1983,
<br />
<br />)
<br />,~." ,'~/ . /..//'/5 .' '.'
<br />, ."'" '~""- / '--,,-<,- (...s.
<br />CoiJST.~CE L"l BUDD - -<,. ,
<br />
<br />......,...- '-~.- L/
<br />
<br />7f.~'y/~uD6"~"~
<br />
<br />STATE OF NEBRASKA I
<br />COUNTY OF HALL ~ ss.
<br />
<br />On this //ti day of Mil h 1983 b f .
<br />~issioned and qualified ~r'said' etore me, thel 1 underS1Qned , a Notary Public dUly
<br />Budd. wife and husband. to n k coun y, persona, y came Constance L. Budd and Leroy
<br />to the fOr in .. Ie nown to be the identlcal persons whose names are affixed
<br />act and d~ 9 lnstrument and acknowledged the execution thereof to be their VOluntary
<br />
<br />WITNESS my hand and notarial
<br />
<br />~.. ...;;;--. --'-., ............,
<br />CIWIU& tuGUIli NOYiR I
<br />Mo~ $.oo<~~
<br />
<br />,.., tho d" 'nd y.., ,." .~...
<br />
<br />NOTA~~~rc~f':~
<br />
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