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<br />ESTATE MORTGAGE-(Wlth Tax Clause) Rev. 7
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<br />....0 0 1 75::7 HuHman and Fellon & Wolf. Walton. Ne. 68461
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<br />KNOW ALL MEN BY THESE PRESENTS: That
<br />Husband and Wife
<br />of Hall County, and State of Nebraska ,inconsiderationofthesumof
<br />Thirty-Five Thousand and 00/100------------------------------------------------1jQLLARS
<br />in hand paid, do hereby SELL and CONVEY unto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Ha 11
<br />in Ha 11
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<br />Earl D. Ahlschwede and Virginia S. Ahlschwede,
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<br />County, State of
<br />County, and State of
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<br />Nebraska
<br />Nebraska
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<br />the following described premises situated
<br />, to-wit:
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<br />Lot Seven (7) in Block One (1) in Normandy Estates, an Addition to the
<br />City of Grand Island, 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 />mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are upon the express
<br />condition that if t.he 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, he, or their heirs, executors, administrators or assigns, the principal sum of $ 35,000,00
<br />payable as follows, to wit:
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<br />Principal plus accrued interest due and payable October 11, 1983.
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<br />with interest according to the tenor and effect oC the mortgagors written promissory note bearing even date with these presents I
<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 buildings on I
<br />said premises insured for the sum of $ 35 ,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 (l) That if the said mortgagor shall fail to pay such taxes or procure such insurance, the
<br />said mortgagee 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 shall stand as security for the same, (2) That a failure to pay any
<br />of said mone-y, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing
<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, n I
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<br />owledged before me ...,., ,Aln.i.l"" ...1.<:"""."., ,19~~,.. i
<br />inia S, Ahlschwede, Husband and Wife, I
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<br />STATE OF...........,..,.......................,....,............. ::: } ss. Entered on numerical index and filed for "'lOOrd I
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<br />Reg. of~!
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<br />Title
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