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<br />52-A-REAL ESTATE MORTGAGE-lWlth Tax Clau...) Rev.
<br />
<br />15 9s'Huffman and Felton & Wolf, Walton, Ne, 68461
<br />
<br />KNOW. ALL MEN BY THESE PRESENTS: That
<br />
<br />Central Platte Natural Resources District
<br />
<br />of Ha 11 County. and State of Nebras ka . in conaideration of the awn of
<br />Two Hundred Thousand and 00/100-----------------------------------------------_ DOLLARS
<br />in hand paid, do herehy SELL and CONVEY unto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Ha 11
<br />in Hall
<br />
<br />County. State of
<br />County. and State of
<br />
<br />Nebraska
<br />Nebraska
<br />
<br />the following described premises situated
<br />, to-wit:
<br />
<br />Lot Nine (9), in Commonwealth Business Park Third Subdivision, an Addition to the
<br />
<br />City of Grand Island, 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 the premlses above described, with all the appurtenances thereunto belonging, unto the said .
<br />morlgagee(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(s), his, her or their helTS. executors, admimstrators or assigns shall payor cause to be
<br />paid to the said mortgagee(s), his, her 0' their heIrs. executors, administrators or assigns, the principal sum of $ 200,000.00
<br />payable as follows, to WIt: I
<br />
<br />Two annual principal payments of $66,666,00 plus accrued interest commencing May 1, I
<br />1984 and one final principal payment of $66,668.00 plus accrued interest due and pay- I
<br />able May 1, 1986.
<br />
<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing e\'en date with these presents
<br />and shall pay all taxes and assessments levied upon said real estate, and all 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 buildings on
<br />said premises lnsu,ed for the sum of $ 200,000.00 , loss, if any, payable to the said mortgagee, then these presents
<br />to be void, otherwise to be and remain in full force.
<br />IT IS FURTHER AGREED (I) That if lhe said mortgagor shail fail to pay such taxes or procure such insurance, the
<br />said m<>rtgugee may pay such taxes and procure such insurance: and the sum so advanced, with interest at thi rteen per
<br />cent, shall be repaid by said mortgagor, and this mortgage shail stand as security for the same, (2) That a failure t<1 pay any
<br />of said money. either principal or interest. when the same becomes due. or a failure to comply with any of the foregoing
<br />agreements. shall cause the whQle t\UID of money herein secured to become due and collectible at once at the option of the
<br />mortgagee,
<br />Signed this 1 s t day of
<br />
<br />April
<br />
<br />. 19 83
<br />,C~,!!.t.nlJ PJi\t.t~ut'!i!,t!,l,r.i!LB~~,Q.\.u::!;,~,~.uD.i.~lr1.!;.t
<br />BY::i..~) .e (f~
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<br />
<br />BY: ~
<br />
<br />In pres.-.nce of
<br />
<br />.JH;.~&.-:.~uf.l,:I::k~~.~:~....
<br />,5ec:..-t!:t::-<try
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<br />
<br />Sl'ATEOF...., ,~~,I:!r"~,k,i~""""." '. County of "", J!i!1J""".""""",:
<br />
<br />The fo~~~ i~ent was acknowledged before me ".,""" )\p,r.i.l, 1. .' , , , , , , , , . . , . , . ,19 ,83. ,
<br />,,~.~. ~ _' f" <;: .....,
<br />by _. ')"~':.~;~:%~~~.' ,Cnai rman.
<br />II- ; NtH ';'''Jr- ".
<br />"* i COMM1SSl0~ . "~ '
<br />\. EXPIRES ; ;)j
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<br />r at ~t.'O" .
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<br />". " '" ", NQt~ry, ,~\lt>,l.i.c" ""..""..",."."
<br />Title
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<br />STATE OF_..,."..........,_......,..,..,....,........,....,...."..,.
<br />
<br />:J...
<br />
<br />Entered on num<>ricaI indeJ: and 6Ied for tecord
<br />in the R..,;ater of Deeds 0tIice of said COWlly . u..
<br />
<br />c.oum"
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<br />117.,.....
<br />
<br />... "., Reg, of n-Ia
<br />..Depuly
<br />
<br />
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