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<br />KNOW ALL MEN BY 'I'HE8E PRESENTS: That
<br />Husband and Wife
<br />Ha 11 County, and Sbab> tll Nebras ka , inconaidemtion oHhjl,.~
<br />Flm SIX THOUSAND FIVE HUNDRED AND N0I100--------------------------..-----~~,
<br />in hand paid, do hereby SELL and CONVEY unto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />Ha 11 ('"",nty, State of Nebra ska
<br />Hall County, and Stale of Nebraska
<br />
<br />Maurice A. Shellhaas and CynthiaJ. Shel]haas,
<br />
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<br />ii CONSTRUCTION SECURITY AGREEMENT
<br />__~"^-t~~~l!tE"~.LfQ.~SI!T~EL~-~2-!f.s.IR.~.D2~=~-~~~.[f !~T~~,~L UNDE~ ..THE NEBRASKA. CONSTR C
<br />)1 I 52._REAL ESTATE MORTGAGE_(Wltll Tax Clau..) Rev. Kullman and Felton & Wolf, Wallon; Nil; 6&461
<br />ji - .
<br />
<br />of
<br />
<br />in
<br />
<br />the following d_ribed ptt>mieM~,
<br />. t<>.wit
<br />
<br />of
<br />
<br />LOT NINE (9), IN BLOCK FIVE (5),
<br />IN JENKINSON SUBDIVISION, HALL
<br />COUNTY, NEBRASKA.
<br />
<br />The in~ntinn being to >L"OflV~Y hel"t'by an absolutE' lith:! in fe~ l'l.lmph~. including aU the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the pr~m''''''' .~" d'''"''t11Jol'<l, with all 'h~ appurtf'.nan.... th~reunl6 belonging, unto the said
<br />mt)ttK~(1!) and to his,- h"" ur t.ht..u h-t'-tN and <l~>>'''1U fON"\'f'r. j)rmaded. always. and thete presents are upon the exp,....
<br />f."'OhdJoon thai if tM lSaid nm.ttga,goTtsL hJloJ. neT or th't-,'U, ht'U'8, f'U'''(_"'U.tors. administratun ur a!fllligna. 5halJ payor cause to be
<br />paid I" 1M ""jd Il1<>rt~""(.'I, his. her ""'M" h~i.... ~x""uto.... adnun...'alm'.or.....gno. trn-Il,incipa/.um"f$ 56,500.00
<br />~",y""l.. "" f..II,,_. to wll:
<br />
<br />
<br />PRINCIPAL PLUS ACCRUED INTEREST AT THE
<br />RATE OF THIRTEEN AND THREE-QUARTERS
<br />PERCENT PER ANNUM DUE AND PAYABLE
<br />JANUARY 10, 1984.
<br />
<br />
<br />wJt.h mh'fr't'St ~"Ording to i~ tt'nor and ..ffhi: ni !t'w mnrt~;:t~or"il wn1:ttm promi..,ry not~ t~rirni ~'vt.>n date with theM'! p~nt8
<br />and Klmil pay ,sil uu~ and OUIiIt~~nUi J~'"\-wd U~~Jn ....,lld f~'al f~,;,;t.at"'". .lUU} ~U \JthCf tax-en, i~'it:"1I and ll~enta li:'vw;d uJmn t.his
<br />morl;:agr, or thi> note -"-inch th~ r.l'}:t:1rt#ttJll:! t1\ ~tV."n to ~-~~'tHt' ~Joi~{.J,'r4!' fill." .;auw ~l"1>i drhnquent. Rud k~JJ the buildings on
<br />!lt4id 1~"foU}isft lll.$Urt'd fOf tlw ''-l1.fl1 ni $ 56 t 500.00 k."'l, if My, 1~)'3bl(~ to lht'! Mid tnortgag,t~, then tht"~ pretrent.ll
<br />to bf. \itJ~~ (j;tbt.-rw-w...l tu hl~ auti ,r-'NnaiTI In fnU f(l~~'
<br />IT is }"iJi:rr-lU:~B A(;HEf:U t!! Th;:lt t-f t!\t' ~td mnrt~ag(lr ~laU fad Ii) pay "4.uch Ht,x-MI or ptO('url" !<iu('h insurantt. the
<br />~td, mo~ tn3}' ~~)' ~u.ch t41;~ and pnJCtH" liu('h m$Uralm~t:", and the !ioum ,.0 advlUlC"oo, wlth \fi~rost at 13.75% per
<br />.:'R-nt. duUl be f'l'"PiTtW by ~ud mur~-ur. ttud this n)tl.-rt.~8K~ $Juili !litanll ii$ ~'Unty fur l~ NUnC. (;2) T'hat a flldu_re to pay any
<br />f){ ~ mune~, .'it~r p..r-ll'W1t\$.l Of H:tt~ft-"'lI.t, .,hf"n Jtw .'!\;o1mt-' t)t;,.n~ dUt". ,~r 11 hulurf" to C'OIllfll)- with any of the foregoing
<br />q~nc.-. IffiAll ca-u.w ttw v.;bt.>>.- !MllU ui mHtWv h':l't'lU ~""\Hl."d lu tx""'on\t.l dutl' and ,'oUet'u'hlc at I}nt,'fl at the upt!-on ()f the
<br />_11_.
<br />;Sij:n<<I thilo 14
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<br />da)' nt
<br />
<br />July
<br />
<br />19 83,\ . ,\ C t '" . "
<br />"f _~ 1 _ , ! '...-..' I < ,I _,., ;'
<br />, , (II- L f-,) (b 1,/ /!, t:Ll.Jf"f'l)
<br />Maurice. A,S~elttlaas' ,. '~rH'"
<br />Ct;ifffi4t'i:"-s:JellnJlutl/taa.J./
<br />
<br />Inp~t.lf
<br />
<br />Sf An; 01>'. . !iebrit-s.t;o, . . . . . . '
<br />
<br />" .. County of '. fJa n.
<br />
<br />'l"he foreaoing itulU'Ument Willi acknowledged before me
<br />
<br />J\J,ly,14
<br />
<br />.19.83
<br />
<br />nAft 01'.,_.
<br />C...
<br />
<br />
<br />Shellhaas, Husband and Wife
<br />
<br />/ . ~7 . / '/
<br />~:/t;-.'-~.: <'>C1;~:7r~.. _'.~~(I:;<~ ~ ~// ~~ :? ct ------
<br />
<br />Signature of Person Taking Acknowledgment
<br />
<br />C~i$s'on Exptr
<br />
<br />N.Qtary. .l'ubH<;, .
<br />
<br />Title
<br />
<br />EI1IMM un nu_,it'"l 100000x rtnd filM 10. """,nJ
<br />in the EWe_lAt. ,>f ~ ()fJk-.e of said County 1M
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<br />
<br />By.
<br />
<br />lJooI.JUIY
<br />
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