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~~ .,"' 402Q14 I
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<br />i 64~tCONO RHAL ESTATE MORTGAGE-With Yax Clause ati» tlnttman ucne.re ~%wnz+tr xo¢.», Lmoom. ]ubr f
<br />KN©W ALL MEN BY THESE I'RE8ENT5~
<br />~! ~ THAT I o- WE, RICHARD A. CORDS
<br />'~
<br />iJ ~ of County and State of N@braska , zn consideration of the sum of
<br />TWENTY THOUSAND AND NO/100 (520,000.00)--------------------------DOLLARS
<br />in hand paid, do hereby SELI. and CONVE}' Lento MERYL RICH
<br />of Lancaster Connry, and Seats of Nebraska
<br />situated in Hall Coznuy, axed State of Nebraska
<br />(mortgagee),
<br />the following describ¢d premises
<br />to-eerie:
<br />The Easterly Forty Feet (E 40') of Lot Three (3)
<br />of Block Sixteen (16), original town now City of
<br />Grand Island, Hall County, Nebraska.
<br />The intension being ro confrey hereby an absolute title in fee simple inriuding all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described, ~cvtl: all the appurtenances lhereanto beloxging awt+u.
<br />the said mortgagee or mortgagees and to his, her or their heirs and assigns, foretrer, provided aJswys, and these Ares-
<br />eats are upon tke express condition that if the said ,mortgagor or mortgagors, kis, her ar their heirs, axecntoer, admiw-
<br />istrators or assigns shalt pay or cazrse to be paid to the said mortgages ar mortgagees and to his, her of their hairs, ex-
<br />ecutors, administrators or assigns, the sum of TWENTY THOUSAND AND iQ0/100 020,000..40)------
<br />-----'-----'-'~'---~ ----- -'--'--- ~.---'-----^' rs o-eent
<br />~ --- floJta ,payable as foJJows, t .
<br />l C~' ~_ ,r.~..~z --yy~ mac. ~-Z`zC ,,LL ~ 1'Y t1.~=cc~".d.~ ~€c.,ti.t..~a~ ~~<j+'
<br />J\\t ~
<br />wills iaterest thereon at 12 per cant per wtaurn, payable- ---- annua!!y, according to the tenor and effect of
<br />tbeT____.__._„ promissory note of said d7ortgagurs, bearing even data zuith these pres-
<br />ents, atsd shall pay at! loses and any interest on, ur uutturittg installments of principal, due on any prior tnortgaga and
<br />assessments levied upon said real estate and all other taa-es, levies and assessrtzants levied upon this mortgage or the
<br />note which this mortgage is given to secure, before else same becomes delinquent and keep the baildings on said
<br />prsmises inswed for the sutra ~---. loss, if any, pnyable to saclt first mortgagees or this mprigogse, ur Both,
<br />then these presents be void, othertuise to bz and rstrtaiti in full forts.
<br />IT IS FURTHER AGREED (tj Titat if the said znurtyagor shall fail to pay such Eases and such interest on,
<br />or tnataring installments of priacipal, due oa any prior mortgage and procure such insurance, then this tnortgngee tzwy
<br />pay lath taxes and such interest on, or nwturvtg znstalltnents of principal, <tue ou such prior mortgage and procure
<br />sack ia,turaace; aad the sum so advanced with interest at nice per cant shoed ha paid by said mortgagor, and this mort-
<br />gage shelf stated as security for the lama. (z) Tlzat n failttrs to pay any of said znanay, E°iNtsr principal or interest on
<br />this or e-ny prior mortgage, when the saute becomes dos ar a failure to comply with any of the foregoing agreenzeats,
<br />shg/t tatAt6 the whole sum of tnoaey herein secured to become dos and collectable rat once- at the option of the ruort-
<br />9ggee.
<br />IT I$ FURTHER AGREED That said ntartgagea, pending foreclosure of this ntortgaye mtd after decree and
<br />pe>,diag-stay tl~erson or appeal therefrom and pending sole of pretnisss mortgaged, may pa_y such texas and tuaturing
<br />inte-tst or aspttarigg installments of principal, on prior mortgages, prontre such insurance and suck sums shall bs
<br />added to the, anwnxl due oa decree and upon ronfirmation of sale by tdrs court ordered taken ou3 of prosaeds of Sala;
<br />ar sr redasaptd durit}g stay, appeal ur sale, suck azttaunts sPtall bs rollreted the same as thouylt it .Dare a part of Beech
<br />Sigped this '~^-- day cf GE-,~ -u..~' r9 ~ ~
<br />IM Presence of ,:~' 7
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