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<br />Huffman and Fellon & Wolf, Watto...
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<br />ESTATE MORTGAGE-(With Tax Clause) Rev. 78
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<br />AU. MEN BY THESE PRESENTS: That Plaza Square, A General Partnership
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<br />of Hall County,andStataof Nebraska
<br />Four Hundred Si xty-Ei ght Thousand Fi ve Hundred Ninety-Fi ve and
<br />in band paid, do hereby SELL and CONVEY unto
<br />Th~ Fi rst National Bank of Grand
<br />Ha 11 County, State of
<br />Ha n County, and State of
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<br />of
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<br />Island, Grand
<br />Nebraska
<br />Nebraska
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<br />in
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<br />LOTS FIVE (5), SIX (6), SEVEN (7), AND EIGHT (8), BLOCK
<br />SIXTY-SEVEN (67), ORIGINAL TOWN OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
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<br />TM intention beinJ{ to- Ct:m'Vey hereby an absolute title in fee S1 mple, including all the rights of homestead and_ .dower.
<br />TQ HAVE AND TO HOLD the pr-emi!WrS above described. with all the appurtenances. the-reunin -belongiJJ;g. unto the said
<br />mortR.agee(s) and to hi.'i. her o.r their heirs P..od assij!ns forevt'T, provided always, and these presents are- upon the exp.tesa
<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 JUOrtgagee(g.). his. her ()l' the-if he-irs. pxecutors. administrators or assigns. the principal sum of $ 468,595.00
<br />payable M follows. t.o wit:
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<br />Fifty-Nine (59) Monthly installments of $5,077.96 commencing December 1, 1983 and one
<br />final balloon payment of $429,719.50 due and payable on November 1, 1988. The final
<br />payment is a balloon and this lender n~y consider refinance.
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<br />with inrere$t acro.rding t-O the tenor and eift"ct of thE" tnQrtgaltou written promiMOry note bea.ring eyen date with these presents
<br />Uld shaU pay aU taxe-t Qnd ~ents levJl"tt upon ~id re-al estate, a.nd aU other tues, leviE'S lUld assessments levied upon this
<br />ll1Ql1gage OJ' the note 'which this mortgaXe 15 given tf.) -\iOCu-rr, before the same becomes delinquent. and keep the buildings on
<br />Mid premises iMUred (or tht! !turn uf $ 468,595.00 , lou, it a.ny, payable to the said mortgagee. then these presents
<br />tt) be ","O.id~ -othwwise to be and. remam lft full force,
<br />IT IS ,FtrRTHER AGREED {I) Th.t if the uid mortgagor shall fail to pay tlUch taxes 01' procure such insurance. the
<br />said mort~ee may pay such ta.1t:6 and p~"Ure such i.MUnmc~; and the sum so advanced. with intere5t at 11.75 per
<br />C(!ont. shall be repaid hy said rno.rtl:aguT. and this mor-tgq:e shaU .\iumd as. ~C'Urity (or the same. (2) That 8 failure to pay any
<br />o.f Wd l1lO1'tey, t>iilier principal Of' inwtf'1it. when thE' ~ becornel due. or n. failure to comply ,-villi any of the foregoina
<br />a''''''''....'''.... shall ,"'...., Ib" whol. sum uf "'0"'" I"".", ".'Cureu 10 b.."un. clue and ~:;z;..~ 2it the option of the
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<br />mo":~lhl' 14th da,,,f October .19 83 /~~~_~~/:ERAL PARTNERSfIlPi
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<br />In [,......."" "r Ie.- -.'. ~t:. (.'t~~. ...
<br />e. STEPIjENS I
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<br />A. H~~E#J~~:...."....
<br />STATE OF . !~tll?r~.SJ<'4. . . . . ., . . . . . .. County of ~i111. . ~H. . Of. .1)jE. PMTNfRS
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<br />. O.ctobe,f: .14. . .
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<br />....198.L
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<br />Alms all partners of Plaza Square, A General
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