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<br />52-A-REAL. ESTATE MORTGAGE-(Wlth Tax Clause) Rev. 78
<br />
<br />Huffman and Felton & Wolf, Wallon, Ne. 68461
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: Tbat
<br />and Wi fe
<br />of Ha 11 County, and State of Nebras ka . in consideration of the sum of
<br />Fifteen Thousand and NO/100--------------------------------------------------- DOLLARS
<br />in band paid. do bereby SELL and CONVEY unto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Hall
<br />in Ha 11
<br />
<br />Terry R. Medjo and ~hery1 L. Medjo, Husband
<br />
<br />County, State of Nebraska
<br />County. and State of Nebraska
<br />
<br />the following described premises sitnated
<br />, to-wit:
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<br />LOT TWELVE (12) IN SPELTS-SCHULTZ
<br />ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />
<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 tb" premises abm'e described, with all lbe appurtenances tbereunto belonging, unto tbe said
<br />modgagee(s) and to his. her or their heirs and assigns forever, provided always, and these presents are upon the express I
<br />condition that if the said mortgagor(sL his, her or their heirs. exet.'Utors, administrators or assigns shall payor cause to be
<br />paid to lbe said mortgagee(s). bis, her or tbeir beirs, executors, administrators or assigns. tbe principal sum of $15,000.00
<br />payable as Collows. to wit:
<br />
<br />THIRTY-FIVE (35) CONSECUTIVE MONTHLY INSTALLMENTS OF
<br />$192,00 INCLUDING PRINCIPAL AND INTEREST COMMENCING
<br />MAY 1, 1983 AND ONE FINAL INSTALLMENT OF $14,710.75
<br />DUE AND PAYABLE APRIL 1, 1986. FINAL INSTALLMENT
<br />IS A BALLOON PAYMENT AND LENDER WILL CONSIDER REFINANCE.
<br />
<br />
<br />with interest according to the tenor and effect of the mort.gagors wdtten promissory note bearing even date with tl'lese presents
<br />and, shall pay all taxes and assessments levied upon said real estate, and aU 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 huildings on
<br />said premises insured Cor the sum oC $ 15,000.00 ' loss. iC any, payable to tbe said mortgagee. then the... presents I
<br />to be void, otherwise to be and remain in full Coree. I
<br />IT IS FURTHER AGREED (l) Tbat iC tbe said mortga gor sball rail to pay sucb taxes or procure sucb insurance, tbe I
<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 sbaJJ sland as security for tbe same, (2) Tbat a failure to pay any
<br />of said money. either principal or interest. when the same becomes due, or a failure to comply with any of the [olegoing
<br />agreements, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the !
<br />mortgagee, I
<br />Signed this 17 day of March 19 83 ' .
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<br />..'"..__.<,...~..."'_ of.,....,...........................,..,...w,.... 19,..........., at..... ................,..........o.clock and........"'...., ............minutae ..................
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<br />......lliltI, of lJlet!ds !
<br />
<br />In presence of
<br />
<br />STATE OF . .. , , , , N.~llt~~J\~.. , , . .. . , , , . County of ,JJQ,J l , . , . .. ' , , , , .
<br />
<br />
<br />The foregoing inst~~,acknowledged before me
<br />. "'}.~ L Me" ""~'
<br />by " ,1e.r.J:'Y, R, ,~:,o/U\tfi~E.f\! ~.&. Medjo, Husband and Wi fe
<br />1 S/ G"'~' ("\ ~1'~
<br />;: ""I NOTARY ~ ,
<br />1..*....1 C.DII""''''''O.!Ii '*'
<br />r~' \ D:pi~ES } ;
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<br />.,.", ..Mil.r:c;b,J.7"". ..,.. ,.."..', .19.83..
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<br />Ul1k~~",L1:P-!~,
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<br />Signature of Person Taking Acknowledgment
<br />
<br />,..", Notary.,Pub.lic...,.,. ......'........",.,.
<br />Title
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<br />
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<br />....Deputy i
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