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<br />52.A-REAL ESTATE MORTGAGE-(With Tax Clause) Rev. 78 Huffman and Felton & Wolt. Walton. He. 68461
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<br />MERCHANTS DEVELOPMENT CO., A PARTNERSHI P, A 1 vi n P. j .
<br />KNOW ALL MEN BY THESE PRESENTS: That Alms, Bernard L. Batten, Fred M. Glade III,
<br />John R. Miller, Richard E. Stephens and Ronald L. Willman,
<br />of Ha 11 County. and State of Nebra s ka . in consideration of the sum of i ii
<br />SEVEN THOUSAND FIVE HUNDRED AND NO/100--------------------------------------- DOLLARS
<br />in hand paid. do herehy SELL and CONVEY untn The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Ha 11
<br />i in Hall
<br />
<br />County, State of Nebraska
<br />County, and Su.te of Nebraska
<br />
<br />the following described premises situated
<br />, to-wit:
<br />
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<br />jlJ':)
<br />fa
<br />,
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<br />
<br />WEST ONE THIRD (1/3) OF LOT ONE (1),
<br />BLOCK SIXTY FOUR (64), ORIGINAL TOWN,
<br />HALL COUNTY, NEBRASKA.
<br />
<br />I,
<br />
<br />;1 I
<br />~
<br />100
<br />
<br />
<br />AS PER NOTE OF EVEN DATE
<br />
<br />
<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 forever, 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 $ 7,500.00
<br />payable as follows, to wit:
<br />
<br />
<br />\'v-ith interest according to the tenor and effect of the mortgagors written promissory noLe 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.:un:, before the same becomes delinquent. aud keep the buildings on
<br />said premises insured for the sum of $ 7,500.00 . 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 AGREED (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 fou rteen per
<br />cent, shall be repaid by said mortgagor, and this mortgage shall stand as security for the sam*:!. (2) That a failure to pay any
<br />of said money, either prin6pal 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. MERCHANTS DEVELOPMENT CO.
<br />~jgtled:}his September .1983 T /A Pastnership
<br />
<br />C.{~, Z-"'-J~c""<Mff{7!-~~"'7 H Hm;'':H
<br />~~~/: .1__-:"5, / ',/ /~:.:;:;:/[~( 'G e~l~~___ i~V~,~~~~:'~~j;[~~__;_L--~~-'J
<br />rna~~' ',H. .~tlH1:;msteP1reYfs;"".ary;refHH.m..H-'".......
<br />. JA. I " (,:f{,<.P,c::I'\ ,'(C..:
<br />ea,' a . a rtner .'fulT1aldt:H!fifrnfun;Hf>artne-rHH.mHHHmHH
<br />STATE OF. . .. .. .N~\1r.a.~~g., . .. ... ." County of ... Hi! 11.
<br />
<br />The foregoing instrument was acknowledged before me
<br />
<br />. September. .19 .
<br />
<br />........ .198.3..
<br />
<br />by .1\1.vi~..P,.
<br />Stephens
<br />
<br />My cOl1IDlission
<br />
<br />
<br />co.!
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<br />'ritle " . /:
<br />
<br />
<br />STATE OF"H
<br />County
<br />
<br />Entered on nwnerical index and filed for record
<br />in the Register of Deeds OtfK:e of said County the
<br />
<br />"".day of...
<br />lUld recorded In B'>oL
<br />
<br />19H'
<br />of...
<br />
<br />at...
<br />
<br />.H. ,o'clock and'H.
<br />
<br />.minutes _.
<br />
<br />....,M.,
<br />
<br />. . .at page...
<br />
<br />Reg. of Deeds
<br />
<br />By,."
<br />
<br />Dt"puty
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