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<br />
<br />52-A.-REAL ESTATE MORTGAGE-(Wlth Tax Clause) Rev. 78
<br />
<br />Huffman and Felton & Wolf. Walton, He. 68461
<br />
<br />r
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<br />KNOW ALL MEN BY THESE PRESENTS, That MERCHANTS DEVELOPMENT CO. I I, R. E. STEPHENS,
<br />RONALD WILLMAN, JOHN R. MILLER, AND ALVIN P. ALMS,
<br />of Ha 11 County, and State of Nebraska ,in consideration of the Bum of
<br />ONE HUNDRED THOUSAND AND NO/lOO-------------------------------------------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto The First National Bank of Grand Island,
<br />Grand Island, Nebraska
<br />of Ha 11
<br />in Ha 11
<br />
<br />(',ounty, State of
<br />County, and State of
<br />
<br />Nebra ska
<br />Nebraska
<br />
<br />the following described premises situated
<br />. to-wit:
<br />
<br />,tq
<br />!0::11
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<br />f.::')
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<br />
<br />I
<br />.M
<br />iOO
<br />
<br />LOT FOUR (4), BLOCK SIXTY-FOUR
<br />(64), ORIGINAL TOWN, HALL COUNTY,
<br />NEBRASKA .
<br />
<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 $ 100,000.00
<br />payable as follows, to wit:
<br />
<br />AS PER NOTE OF EVEN DATE
<br />
<br />L
<br />
<br />
<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 s&ure, before the same becomes delinquent, and keep the buildings on
<br />said premises insured for the sum of S 100,000.00 , 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 AGREED (1J That if the said mortgagor shall fail to pay such tax.es or procure such insurance, the
<br />said mortgagee may pay such taxes and procure such insurance; and the sum so advancoo, with interest at 14.00 per
<br />cent, shall be repaid by said mortgagor. and this mortgage shall stand as security for the same. (2) That a failure to pay any
<br />of said money, either prin6pal or interest. WhBll the same becomes due, or a failure to comply with any of the foregoing
<br />agreements, shall cause the who~;;um of money herein secured to become due and collectible at once at the option of the
<br />mortga~".;t._:. ....'.,L ." '.'.IL n, "'..:/.. ... .. NERCHANTS DEVELOPMENT Co. I I
<br />S . l~,~/ L ~;t.~ Seotember , 19 83 ~XPartflo/:~b~o
<br />
<br />'-,'-,~ -( ~<</..2:p-zo
<br />A,." I't ~) .,_.I1IS',c;:,.,.-OI L!ler
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<br />'~ 1 r ,_;' jlr ner
<br />L.,.- v h,t
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<br />
<br />,
<br />,
<br />
<br />... ..19 .83,
<br />
<br />The foregoing instrument was acknowledged before me
<br />
<br />September. 19
<br />
<br />by
<br />
<br />
<br />and Alvin P Alms, all of the
<br />
<br />My Commission Expires:
<br />
<br />/
<br />
<br />/l;-~ ~..~..,;;~.~i''::;-.k*i;:'~.<<.f'(~,~.-;.c-l?:?:e; .1'f-:",:t!
<br />
<br />Signature of Person Taking Acknowledgment
<br />
<br />',// ;+-,
<br />. . " . ~,&'.I_,,(. ."..t;-,;.. .
<br />Title ( ,/
<br />
<br />STATE OF..,..
<br />Cwnty
<br />
<br />. .,.,day of....
<br />and rewrded in Book.,
<br />
<br />n.. f M.
<br />)
<br />19.. .w, aL
<br />,0L,
<br />
<br />Ent-ered on numerica.l index and filed for record
<br />in the Register of De.,ds Oflice of said County the
<br />
<br />. ... o'clock and___ ..
<br />
<br />.minutes ,__...
<br />
<br />..M.,
<br />
<br />_ ...at page.."
<br />
<br />Reg. of Deeds
<br />
<br />By..,
<br />
<br />Deputy
<br />
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