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<br />II j !;2.A-REAL ESTATE MORTGAGE-(~aX Clauoe) ~v, 78 .,_.._________~~~~~::~_~elto~ WOlf,~~~~_~~ II _
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<br />II I KNOW ALL MEN BY THESE PRESENTS: That Darrel D. Sanburg and Darlyne R. sanburg,II' :1
<br />l' I Husband and Wife, , Ii
<br />:1 of Hall County, and State of Nebraska , in consideration of.the sum of II
<br />11, Forty Four Thousand Five Hundred and No/lOa ( $44,500.00) DOLLARS II
<br />j, in hand paid, do hereby SELL and CONVEY unto II
<br />II Bank of Doniphan, Doniphan, Nebraska ,!I
<br />II of Hall County, State of Nebraska the following described premises aituated
<br />Ii in Hall County, and State of Nebraska ,u..wit: II
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<br />II Lot Ten (10) Western Heights, Third Subdivision, II
<br />II I Hall County, Nebraska Ii
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<br />j'i I and iJ
<br />J! I The North Twenty Five (25) Feet of Lots Eleven (11) and Twelve 1,1
<br />I (12) and all of Lot Nine (9) and Ten (10) Excepting therefrom ,
<br />III the. Westerly Seven (7) Feet cf said Lot Ten (10) all in Block il
<br />Ii I T~o (2) in Clark I s Addition to the Village of Wood River, il
<br />II I Hall County, Nebraska. II
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<br />H II The intention being to convey hereby an absolute title in fee simple, including all the rights of homestead and dower. It
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging, unto the said Ij
<br />mortgagee(s) and to his, her or their heirs and assigns forever, provided always, and these presents are upon the express JI
<br />il II condition that if the said mortgagor(s). his, her or their heirs. executors. administrators or assigns shall payor cause to be 1,1'1
<br />Ii paid to the said mortgagee(s), his, her or their heirs, executors, administrators or assigns, the principal sum of $ 44, 500 ,
<br />II I payahle as follows, to wit: Promissory note of this date payable 4l $1,000 per month I Ii
<br />it starting May 10, 1983, and on the 10th of each month thereafter I I'
<br />II I. until note is paid in full. Payment first applied to interest, balancje il
<br />II I.'.' to principal. i il
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<br />i with interest according to the tenor and effect of the mortgagors written promissory note bearing even date with these presents Ii
<br />' and shall pay all taxes and assessments levied upon said real estate, and all other taxes, levies and assessments levied upon thia iI
<br />f mortgage or the note ~which this mortgage is given to sec:...ure, before the same becomes delinquent" and keep the buildings on jl
<br />i said premises insured for the sum of $ , loss, if any, payahle to the said mortgagee, then these presents H
<br />I to be void. otherwise to be and re~in in full force.
<br />I IT IS FURTHER AGREED (I) That if the said mortgagor shall fail to pay such taxes or procure such insUrance, the
<br />i said mortgagee may pay such taxes and procure such insurance; and the sum so advanced, with interest at per Ii
<br />I cent, shall be repaid hy said mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any Ii
<br />of said money, either principal or interest, when the same becomes due, or a failure to comply with any of the foregoing ii
<br />agreeroents, shall cause the whole sum of money herein secured to become due and collectible at once at the option of the II
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<br />111-=- 31st ,.,0< March . ";f3.] L2V~ : II
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<br />II STATE OF.. .. .. . Nebraska. .. , .. .. "County of .." Hall.. .. , .. , , .. .. , . , , , :
<br />il The foregoing instrument was acknowledged before me "" Mar.ch ,31" ' , , , , , , , , , , , , , . , , , .19 . , .83
<br />II; bY..DarJ;'eJ.,D...Sanburg,and Darlyne R. Sanburg.
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