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<br />52-A-REAL ESTATE MORTGAGE-(Wlth Tax Clause) Rev. 78
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<br />Huffman and Felton & Wolf. Walton. Ne. 68461
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<br />KNOW ALL MEN BY THESE PRESENTS: That Raymond G, Kehler and Eunice A. Kehler,
<br />Husband and Wife I
<br />of Ha 11 County, and State of Nebraska , in consideration of theswn of
<br />FORTY ONE THOUSAND TWO HUNDRED AND NO/100-------------------------------------- DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto The First National Bank of Grand Island I
<br />Grand Island, Nebraska
<br />Ha 11 County, State of Nebra s ka
<br />Ha 11 County, and State of Nebraska
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<br />the following described premises situated
<br />, te>-wit:
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<br />of
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<br />LOT FIVE (5), BLOCK ONE (1) IN SOTHMAN'S
<br />SUBDIVISION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA,
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<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 premises above described, with all the appurtenances thereunto belonging, unto the said
<br />mortgag-ee(s) and to his, her or their heirs and assigns forever, provided always. and these presents are upon the express
<br />condition that if the said mortgagor(s). his, her or their heirs. executors, administrators or assigns shall payor cause to be
<br />paid to the said mortgagee(s), his, her or their heirs. executors, administrators or assigns, the principal sum of $ 41 ,200,00
<br />payable as follows, to wit:
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<br />PRINCIPAL PLUS ACCRUED INTEREST AT RATE OF TWELVE
<br />PERCENT PER ANNUM DUE AND PAYABLE OCTOBER 3, 1983.
<br />ACCRUED INTEREST TO BE PAID MONTHLY COMMENCING
<br />MA Y 1, 1 983 .
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<br />STATE OF,*._~_..._.m.........
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<br />Cou,nty m...................'..
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<br />with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these 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 delinquen~ and keep the buildings on
<br />said premises insured for the sum of $ 41,200.00 , 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 (1) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the I
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at 12.00 per I
<br />cent. shall be repaid by said mortgagor. and this mortgage shall stand as security for the same. (2) That a failure to pay any I
<br />of said money, either principal or interest, when the same becomes due. or a failure to comply with any of the foregoing I
<br />agreements. shall cause the whole sum of money herein secured to become due and collectible at once at the option of the I
<br />mortgagee. Ii
<br />Signed this 6 day of April
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<br />........ ..19, ..83 I
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<br />Kehler, Husband and Wife I
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<br />Signature of Person Taking Acknowledgment I
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<br />Entered on numerical index and filed for reeord I
<br />in tha Regiater of Deeds Office of said County the i
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<br />..-...o'clock and....... . ..minutes. . .....M., 1,'
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<br />., .__at J>liie..
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<br />In presence of
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<br />. ,/l.p,r.ll, 6.,.
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<br />..,. ,f:jp,t,qt:'Y, P,l1bl h:,..
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<br />Title
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<br />.158,
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<br />........day of....
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<br />__'''h__', 19,..____..., aL..
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<br />and r<!CQrded in Book......
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<br />... ..,01......
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<br />By...
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<br />. Reg, of Deed. !
<br />. Deputy I
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