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<br />,t ! CONSTRUCTION SECURITY AGREEMENT
<br />,=""~~~td~~~g~JJ~Htt.f~J""t9!1~IUHI~~,A",~~~~!~HflJiW~~t~~JJ~}~!~~~~L~I1~~~ ~~.E ~EBRA.SKA CO~TRU
<br />Ii ! 52'A-REAL ESTATE MORTGAGE-(Wlth Tax CI.uoe) Rev. 783..-0 U 6 572 Huffman and Felton & Wolf. Walton. He. 68461 r !'
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<br />-- ii ! KNO;=--ME~ BY THESE PRESENTS: Thllt Da~-i~-~ar~:-:-od Cathe~~-~~~. Larson, fij
<br />II Husbaod and Wife J it
<br />r.,..... 11 of. . Hall. County, and StIlte of Nebraska ,inccnsideratiOnoftJj"BJ1I!lofJtt
<br />" THIRTY .TH. O.USANO. AND... NO/100---..----------------------------------...-. -.------. -..-... --.-- .lJOLLABS.. . .. .' ..,. .'.....j.. !.I
<br />" in handpnid..do hereby SELL and CONVEY unto The First Natiooal Baok of Grand Islaod, . If
<br />II Grand Islaod, Nebraska .., . ..11.
<br />n of Ha 11 County, State of Nebraska thefollowingd""",bt\dp....m.e..sitUatl!d'l II
<br />II in Hall Cornity, and State or Nebraska ,to-wit: I if
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<br />THE EASTERLY THIRTY-TWO FEET (32') OF LOT
<br />EIGHT (8) AND THE WESTERLY FIFTY-FOUR FEET
<br />(54') OF lOT NINE (9), BLOCK ONE (1), PLEASANT
<br />VIEW SEVENTH ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
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<br />The intention being to convpy hereby an absoiute title in fee simple. including an the rights of homestead-and dower.
<br />TO HAVE AND TO HOLD the premises above described. with aU the appurtenances thereunto belonging. \n~to the said f
<br />mortgageefs) and to hi.'i, her or their heirs and 3:i.~i~ forever. provided always, and these presents are upon the_ express_ ~
<br />condition that- if the :said mort,gagQrls). his, her- or their heirs. cx:ocutors, administrators or 8esigns shall payor cause to- be !
<br />paid to the said mortgagee{s,), his. her 01 th~ir heirs, exet-'UtQrs, administrators or assigns. the principal sum of $ 30,000.00 !
<br />payable as follows, to wit:
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<br />PRINCIPAL PLUS ACCRUED INTEREST AT THE RATE
<br />OF THIRTEEN AND THREE-QUARTERS PERCENT PER
<br />ANNUM DUE AND PAYABLE JUNE 11, 1984.
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<br />with jnt~rrit aecnrding to the tenur and effect of the InorigagQr& written promissory note bearing even date with these presents
<br />and Bhall pay aU taxes and ~..:-nh!; l(>vled upon said real e-8t&te. and aU other la:x.eti. Ie-vies Bnd assessments levied upon this
<br />tnortgaa-e or- the- not~ -wbich this murl~age- is glwn to ~U.rf;'. before .-he Mmt;> ~&netS delinquent. and keep the buildings on
<br />s&id pre_ i.........J for the sum of S 30,000.00 . 1080, if any, payable to the said mortgagee, then th.... presents
<br />to ~ '\>-'OW. otherwise ti'1 be- and ",main :n full force.
<br />IT IS J.'liRTHER AGREED 0_1 That If the said mortgagor shall fail [-(10 pay l:lucb taxes or procure such inaurance. the
<br />said mu-rtgagf!'t'> may pay such laxet!- and pnx'Ure such i.nsurance; and the gum so advanced, with interest at. 13.. 75 per
<br />(:fltt" shall be repaid hy ~id loorteSlor. and this murtp.t:;e shall stand as .iW\.,'Urity fOf the t48lDe. (2) That a failure to pay any
<br />of JSaid money, either principal or inter-Not. when the same becomes due-. or ~ failure to comply with any of the foregoing
<br />a.r~ta. shall cause the whole sunl of money Mt(>in lM:X.'Ured to be<x.tme due and ooUectible at once at the option of the
<br />morta4l".
<br />Signod this 13 th day (of
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<br />December
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<br />19 33
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<br />Davi~G. . ~"rr!1::>-':\'.
<br />r~t~'!t~~M~)t~tq&~A!L .
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<br />In presenct> vi
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<br />STATE OF . .. .1\~Qril.S.~i!. . . .. . . . . . .. . .. County of .. Hi! JJ. . .
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<br />The foragoing instrument WlIS acknowledged before me .. . , . . . , . . ll.~l;elJ1I>,~l: ' J 3. . .
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<br />by.. .Oav.id .l., .Larsoo .ar4~~tj~'M.. Larson, Husbaod and Wife
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<br />MY ColmlissionExpires. ~ ~".# Title
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