Laserfiche WebLink
<br />r <br /> <br />REAL ESTATE MORTGAGE <br /> <br />B3- 005989 <br /> <br />r <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />THAT <br /> <br />KIRK G. ARIDill and MANILA D. ARIDID, Ifusband and Wife <br /> <br />(whether one pr more, herein called Mortgagor) of Hall <br />County and State of Nebraska , in consideration of <br />the sum of Thi~y-five Thousand Seven Hundred fifty-Eight & 21/100DOLLARS <br />in hand paid, do" hereby SELL and CONVEY unto TIlE OVERLAND NATICNAL <br />BANK OF GRAND ISLAND', Grand Island, Nebraska (herein called Mortgagee) <br />of Hall County, and State of Nebraska <br />the following described premises situated in Hall <br />County, and State of Nebraska , to-wit: <br />IDt Five (5) in BlockOneHundred Thirty Eight (138) <br />in Union Pacific Railway Canpany's Second Addition <br />to the City of Grand Island, Hall County, Nebraska: <br /> <br />Transfer of Property. If all or any part of the Property or any interest of <br />M:Jrtgagor therein is sold, transferred or further encumbered without the express <br />written consent of the M:Jrtgagee, I.brtgagee may, at its sole option, declare all <br />SUllE secured by this M:Jrtgage to be :imrediately due and payable. <br /> <br />The intention being to convey hereby an absolute title in fee <br />simple including all the rights of homestead and marital rights, <br />if any. <br /> <br />TO HAVE AND TO HOLD the premises described, with all the <br />appurtenances thereunto belonging unto the said mortgagee or <br />mortgagees and to its successors and assigns, forever, provided <br />always, and these presents are upon the express condition that <br />if said mortgagor or mortgagors, its, his, her or their heirs, <br />personal representatives, successors or assigns shall payor <br />cause to be paid to the said mortgagee or mortgagees and to its <br />successors or assigns the sum of $35,758.21 <br />Dollars presently advanced and the amount of future advances to <br />the Mortgagor which together with the amount presently advanced <br />shall not exceed the total sum of $35,758.21 <br />Dollars at anyone time unpaid and outstanding, due and payable, <br />with interest, according to the terms of the mortgagor's promis- <br />sory note(s) referring to this mortgage and evidencing such <br />advances, it being the intention and agreement of the parties that <br />the mortgagor will from time to time repay advances secured by <br />this mortgage according to the terms of promissory note(s) <br />evidencing the same and the mortgagee from time to time may, at <br />its option, make future additional advances and readvances and <br />renew or extend note(s) evidencing outstanding indebtedness which <br />shall be secured hereby; provided only that the total principal <br />amount of unpaid indebtedness secured by this mortgage shall not <br />at anyone time exceed the maximum amount above stated plus any <br />advances to protect the security. The mortgagor shall pay all <br />taxes and any interest and maturing installments of principal <br />due on any prior mortgage and assessments levied upon said real <br />estate and all other taxes, levies and assessments levied upon <br />this mortgage or the debt which this mortgage is given to secure, <br />before the same becomes delinquent and keep any buildings on <br />said premises insured for the sum of $ N/A , loss, if <br />any, payable to such first mortgagees or thi~ mortgagee, or both, <br />then these presents shall be void, otherwise to be and remain in <br />full force. <br /> <br />L <br /> <br />IT IS FURTHER AGREED II) That if said mortgagor shall fail <br />to pay such taxes and such interest on, or maturing installments <br />of principal, due on any prior mortgage and procure such insurance, <br /> <br />~' <br />