|
<br />!>Z-A-REA L ESTAirE MORTGAGE-(With Tax Clause) F.ev~......() 0 3 69 4 '!u~~!l am:! !'eiP~ & W~~. ""attoo. !ll!' E~l
<br />,-",---i.ir--+--
<br />
<br />KNOW ALL MEN BY THESE PRESEl'."'TS: That Herbert F. Mayer, Jr. and Kathari ne S. Mayer.
<br />! Husband and Wif,e
<br />. "f Ha 11 County. and State of Nebra s ka . in consideration of the sum of
<br />EIG~T HUNDB~D THOUSAND AND NO/l00-------------------------------------------- I)DLlJURS
<br />in hand paid. do hereby SELL and CONVEY unto The First National Bank of Grand Island.
<br />Grand Island. Nebraska
<br />Hall
<br />Hall
<br />
<br />,
<br />I I
<br />I of
<br />rin
<br />I
<br />) I
<br />
<br />County, State of Nebraska
<br />County, and State of Nebraska
<br />
<br />the following described premises situated
<br />, to-wit:
<br />
<br />LOTS ONE (1) THROUGH SIX (6) INCLUSIVE AND LOTS
<br />TEN (10) THROUGH TWELVE (12) INCLUSIVE, ALL IN
<br />BLOCK THREE (3) IN BRENllIOOD SECOND SUBDl'VISION
<br />IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />AND
<br />
<br />TOWN HOME NUMBERS 2503,2505, 2507, 2509, 2511, 2513,
<br />2515, AND 2517 IN BRENTWOQD TOWN HOME CONDOMINIUM
<br />PROPERTY REGIME III, CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />
<br />i(
<br />
<br />:t
<br />
<br />~ ~
<br />
<br />The intention being to eonvey hereby an absolute title in fee simple, including ail 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 foreve r. provided always, and these presents are llpon the express
<br />condition that if the said mortgagor(s), his. her or their heirs, executors. administrators or assigns shail payor cause to be
<br />paid to the said mortgagee(s). his. her or their heirs, eXl:.'Cutors, administrators or assigns. the principal sum of $ 800,000.00
<br />payable as follows, to wit:
<br />
<br />FIFTY NINE (59) CONSECUTIVE MONTHLY INSTALLMENTS OF
<br />'1) Lj..oG..l/.6"'$9 ,372. &t INCLUDI NG PRINCI PAL AND INTEREST COMMENCI NG
<br />AUGUST 1, 1983 AND ONE FINAL INSTALLMENT OF $750,145.39
<br />DUE AND PAYABLE JULY 1, 1988. FINAL INSTALLMENT IS
<br />A BALLOON PAYMENT AND LENDER WILL CONSIDER REFINANCE.
<br />
<br />
<br />with interest according to the tenor and effect of the mortgago rs written promissory note bearing even date with these presents
<br />lrod shall pay all Ulxes and assessments levied upon said real "statt'. and all other taxes, levies and assessments levied upon this
<br />mortgage or th" not" 'which this mortgage is given to secure. before the 5llllle becomes d.>linqu(.nt. and keep the huildings on
<br />
<br />said premises insured for the slim of S 800,000.00 . loss, if any, payable to the said mortgagee. then these presents
<br />to be void. otherwise to be and remain in full force.
<br />
<br />IT IS FURTHER AGREED (1) That if thH said mortgagor shall fail to pay such taxes or prf)(~ure such insurance, the
<br />
<br />said mortgagee may pay such taxes and procurt! such insurance; and the slim so advanced. with interest at th'j rteen per
<br />.:ent. shall be repaid by said mortgagor. and this mortgage shall stand as security for the same. (2) That a failure to pay l:my
<br />of said money. eithHf principal or interest, when the same beeomes due. or a failurH to comply with any of the foregoing
<br />agreHment.~, shall caUSH the whole sum of mOIlt!y herein secured to becol11H due and coll<..>etIble at once at the option of the
<br />mortgagee. A ~
<br />
<br />Signed this 2/ In :::S::CH of June . 19~83" .tIJF~t, A~~b..,.......
<br />
<br />r er ,l:,ayer,,, yr. -,,:;.~....
<br />
<br />............................................. .... ..,....... ..'..aftf&ft~.M1t:ef.2lt.f~f:~:... ...... . . . ......
<br />
<br />STATE OF... . .. .tjeb.r,i'lsl<a.. ". . . . . . . ., County of ...... Hall. .. . . . . . . . . . . . . . . :
<br />
<br />The foregoi:ng. instrument was acknowledged befQre me ...,. JUne. . . . , . . . . . . . . . :2. { . 'Y . . . . . . .19 .83. .
<br />.-7
<br />by..J:l~r.l{~l'J'p.f,.~~y.~r~..J.l:', and Katharine S. Mayer, Husba)l€l:"aj:;((~fe
<br />~ ,{:;<':;/
<br />
<br />
<br />
<br />.................,.....
<br />. JOHN A. WOLf
<br />.""."11.1.
<br />
<br />Si~~t~~~ ~~rson Tab::' g A'c~~':'i~d~~~t""""
<br />i/
<br />
<br />...... ..~qt\ir.Y. .~l,lP.li.9......."...............
<br />Title
<br />
<br />I i/il/e.r
<br />
<br />EntHTml on numerical index and filed for record
<br />in the Register of Deeds Office of said County the
<br />
<br />........, aL... .........,...............o'clock and.................
<br />
<br />.......l1t page..
<br />
<br />...minutes ...... ..............M"
<br />
<br />..H'.'g. of IJi."L>ds
<br />
<br />By.., .
<br />
<br />Deputy
<br />
<br />
<br />
<br />1
<br />
<br />
<br />
<br />_J
<br />
|