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<br />:i i 52.A-REAL ESTATE MORTGAGE-(Wlth Tax Clause) Rev. 78
<br />11 l
<br />I I KNOW ALL MEN BY THESE PRESENTS'. That MERCHANTS DEVELOPMENT CO., A PARTNERSHIP, ,
<br />Alvin P. Alms, Bernard L. Batten, Fred M. Glade IPi~
<br />" ! John R. Miller, Richard E. Stephens, and Ronald L. Willman
<br />d lof Hall County. and State of Nebraska ,inconsiderationofthesumof
<br />ii I NINETY FIVE THOUSAND TWO HUNDRED EIGHTY AND NOll OO_____________________________DOLLARS
<br />,j I in hand paid. do h.reby SELL and CONVEY unto The First National Bank of Grand Island,
<br />
<br />i:ll, I, of Grand Island, NebraHaskl al
<br />County, State of Nebras ka the following described premises situated
<br />: I in Hall County. and State of Nebraska ,to-wit:
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<br />no. "._..__._..........""'"'".__..__
<br />.-...-- --~.__..~_._--
<br />
<br />Huffman and felton & Wolf, Walton, Ne. 68461
<br />
<br />WEST ONE-THIRD (1/3) OF LOT TWO (2), BLOCK
<br />SIXTY FOUR (64), ORIGINAL TOWN, HALL COUNTY,
<br />NEBRASKA
<br />
<br />by ..!\.1.,{ltl. P....!\Jfl!~,
<br />Stephens and
<br />
<br />
<br />AND
<br />WEST TWO-THIRDS (2/3) OF LOT THREE (3), BLOCK
<br />SIXTY FOUR (64), ORIGINAL TOWN, HALL COUNTY,
<br />NEBRASKA.
<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 $ 95,280 a 00
<br />payable as follows, to wit:
<br />
<br />AS PER NOTE OF EVEN DATE
<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 secure, before the same becomes delinquent, and keep the buildings on
<br />said premises insured for the sum of $ 95,280.00 , 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 fourteen 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 principal 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 secure d to become due and collectible at once at the option of the
<br />mortgagee. .
<br />~ this ~9.t~ ~a; of September
<br />
<br />~<~~ ./, ~...
<br />
<br />. "nat~~r''''
<br />ett '!fl,' .... i ... i!'f'trrEW'
<br />STATE OF " ..~!'!P.r:'!~~~.............. .,Countyof .~~).l.......................,
<br />
<br />My COl1ll1fss.ion
<br />
<br />L :::: ~~:::::::::::::::::::::::::::::::::::::::::::~:::::::::::::::::::::::::} 8& ~::~.;~::;r~~n:",,,:~ ~d ~;o::
<br />
<br />.......................day oL,............................................ 19.....,....... at........................ .......o'clock and........,..... .....,.......minutes .................
<br /> ..,M.,
<br /> and,. reoonied in Book.................................., ..,..oL........................... ........at pag..................................,
<br />
<br />... .........Reg. of Deeds
<br />
<br />By...............................................
<br />
<br />....... .D.puty
<br />
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