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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
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<br />L, W, Kelly, III
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<br />of Hall County. and State of Nebraska ,in consideration ofthesumof
<br />Twenty-Four Thousand and 00/100--------------------------- --------- ------------'DOLLARS
<br />inhlllld paid, do hereby SELLand CONVEY unto The First National Bank of Grand Island, Grand
<br />Island, Nebraska
<br />of Hall
<br />in Hall
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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 premillessituated
<br />. to-wit:
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<br />My one-half (~) interest in and to Lots One (1), Two (2), Three (3), Four (4),
<br />Five (5) and Six (6), in Mehring and Kelly Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska.
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<br />My one-half (~) interest in and to Lot Forty-Eight (48), West Heights Addition,
<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 />mortgagee(s) and to his, her or their heirs and assigns Coreve r, 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 $ 24,000.00
<br />payable as follows, to wit:
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<br />Sixty (60) monthly installments of principal and interest of $558.44 commencing
<br />May 2, 1983 with final payment due and payable April 1, 1988.
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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 all other taxes, levies and assessments levied upon this
<br />mortgage or the note 'which this mortgage is given to set.'Ure, before the same becomes delinquent. and keep the buildings_ on
<br />said premises insured for the sum of $ 24,000 . 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 AGREE-D (1) 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 fourteen per
<br />cent. shall be repaid by said mortgagor, and this mortgage shall stand as security for the same. (2) That a faUureto pay 8I\Y
<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 whole sum of money herein secured to become due and collectible at once at the option of the
<br />mortgagee,
<br />Signed this 14 th day of Ap ril , 19 83 ,
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<br />In presence of
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<br />L. W. Ke 11y, II 1.
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<br />...........Reg, of
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<br />By,..............,.......,....
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