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<br />Ii /52-A-REAL ESTATE MORTGAGE-..(WItlt T.x CblUMI Rev. 78 83";;;'10599 2Huffman and Felton & Wolf, Walton, lie. 68461
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<br />I KNOW ALL MEN BY THESE PRESENTS: That Larry D. Coffin and Mae E. Coffin Husband and
<br />:11 Wife, each individually in his and her own right and as spouse of the otlier,
<br />H f of Hall and State of Nebraska
<br />U I FIPTKEN THOUSAND AND
<br />l! I inlumd paid. do hereby SELL and CONVEY unto
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<br />The First National Bank of Crand Island.
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<br />Hall
<br />Hall
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<br />County, State of
<br />County, and Stale of
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<br />Nebraska
<br />Nebraska
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<br />All of Lota Five (5), Six (6) and Seven (7), in Block Five (5), in
<br />South Grand Island Addition to the City of Grand Island, Hall County,
<br />Nebraska, subject to easements, restrictions, and rights of way of record.
<br />and
<br />All of Lots Four (4) and Five (5), in Block Eight (8), ROLLIN'S ADDITION
<br />to the City of Grand Island, Hall County, Nebraska, subject to easements,
<br />restrictions and rights of way of record.
<br />and
<br />Lot 4 and the Westerly 56 feet of Lot 3, all in Block 17, in Kernohan
<br />and Decker's Addition to the City of Grand Island, Hall County, Nebraska,
<br />subject to all easements, restrictions, and rights-of-way of record.
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<br />1 The intention being to CQftvey he.riPby an absolute title in fee- simple. including all the rights of homestead and dower.
<br />i TO HAVE AND TO HQI,D the premi.... above described, with an the appllrtenances thereunto belonging, unto the said
<br />! morl<<agee(s) and to hi.." her or their heirs and assigns foreve r. provided always, and these presents are upon the express
<br />1 condition that if the saiQ mOJ'lgago.r(.iJ). hi.... hel' OJ' th-pjr heirs, eXeL"Utors, administrators or assigns shall pay 'Or cause to be
<br />; i'paid to the &aid mortgagee(s}, his.. her or their heirs.. executor@, administrators or assigns, the principal SUM of $ 15,000.00
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<br />" i payable a& follows, to wit:
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<br />Principal amount of $15,000.00, plus accrued interest, due and payable October 31,
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<br />1984 i
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<br />i with i"",...t """"rdinc to the tenDr and effect of u.., morl_,," written prom;-,ry note bearing even date with these p.........ta
<br />; and shall pay aU taxes and ~nts I.~..dt'd UI)Oh ~id real ~'\tate. and all other taxes, levies and assessments levied upon this
<br />1 Ukwipp or- the note .wbich this mortgage- is gi\'~n to ~'ure, before- the a:iIlne becomes delinquent, and keep the buildings on
<br />j..id __ inoul'<'d [or the sum.,[ $ 15,000.00 , I""", if MY, payable to the said rnorta_. then these preoen..
<br />I' to be void, otbe-rwi~e to be and: retnAtn in full {O~,
<br />: IT IS FURTHER AGREED (1) Tha. i[ the said mortgagor slutll fail to pay such taxes OJ' procure auch insurance, the
<br />I said ~ may pay -n taxes and procure such iruJUranee, and the sum "" advanced, with interast at 14 per
<br />i cent. .ball be ",paid by said mortgallOr. a"d .his mortgall" .hall stand .. ",",unly [or u.., .....e, (2) That a failure to pay any
<br />I of said money. either prll'1cipal or in\erest~ when the- .sa.me becomes duE'. or a failure to eomply with any of the foregoing
<br />l~"" &ball -dlw.e lM whole sum of mone-y herein &eCUred to ~ due and coUectible at Qnce at the option of the
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<br />11 i Sicnecl this 31st day of October
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<br />~ ,~onogoing in.Btrwnent wa& acknowl~ ~fore me
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<br />sigil;'ture of PersOi. Taking Acknowledgment
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<br />E"tend on n~ index and IIlecI for r..oord
<br />in theRecJot.or of DMdo 0lIlce of IIIi4 County the
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<br />By.....
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<br />....R4 oi Dootls
<br />.........Deputy
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