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<br />MORTGAGE
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<br />84-003781
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<br />'l'Hl$ lNPBN'l'U.Rl:;, Marie ana execut:ea tIUS cfJ <.lay Ql:June,
<br />1984, by and between ROBERTR. LASEUR and NINA M. LASEU'R,
<br />husband and wife, of Grand Island, Nebraska, parties of the
<br />part, and MERCHANTS FINANCE COMPANY or 3381 Gorham Avenue,
<br />Minneapolis, Minnesota, party of the second part~
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<br />WITNESSETH, That the said parties of the fiLst
<br />in consideration of Fifty~five Thousand 8~d no/100 DOllars
<br />($55,000,00) paid by the said party of the second part, the
<br />receipt whereof is hereby acknowledged, have granted, bargained,
<br />sold and conveyed, and by these premises, do grant, pargain, sell
<br />and convey, unto the said party of the second part, the following
<br />described real estate, situate in the County of Hall, in the
<br />State of Nebraska, to~wit:
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<br />Lot Five (5), Lake Davis Second Subdivision, Located in
<br />Hall County, Nebraska
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<br />together with all the tenements, hereditaments and appu1lTtenances
<br />to the same belonging and all the estate, title, dower, right
<br />of homestead, claims and demands whatsoever of the said parties
<br />of the first part, of, in or to said premises or any part thereof;
<br />that said premises are free from all incumbrances except an existing
<br />first mortgage of record (from parties of the first part to HOme
<br />Federal Savings and Loan Associatio' ':If Grand Island recorded as
<br />Document No. 76~004044 on "'111' 23, 1976) and except easements and
<br />restrictions of record, anu that said parties of the first part will
<br />warrant and defend the title to said premises against the lawful
<br />claims and demands of all persons whomsoever except as above provided.
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<br />Provided always, and these presents are upon these conditions:
<br />Whereas, said parties of the first part have executed and delivered
<br />to the said party of the second part a Promissory Note of even
<br />date hereof payable on demand in the amount of F'Hty-five Thousand
<br />and no/lOO Dollars ($55,000.00), with interest "t the rate of
<br />Twelve percent (l2%) per <'lnnum. Now, if the said parties of the
<br />first part shall well ."Ind truly payor cause to be paid the sai.'d sum of
<br />money in said note mentioned, with interest thereon according to the
<br />tenor and effect of said note, and shall duly keep, and perform
<br />all the other covenants and agreements herein contained, then these
<br />presents to be null and void. But if said sum of money or any
<br />part thereof, or any tnterest tl1ereon, is not paid when the same
<br />is due, or H said parties of the first part shall fail to keep and
<br />perform any covenants herein contained, the holder hereof shall have
<br />the option to declare the whole of said indebtedness due and payable
<br />at any time after such failure or default, and may maintain an
<br />action at law or equity to recover the same and the commencement
<br />of such action shall be the only notice of the exercise of said option
<br />required.
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<br />IN TES'l'HIONY WHEREOF, We have hereunto set our hands the day
<br />above written.
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<br />RO};~;;/~.' L-ii~eur:~ .'1'1, /,
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<br />~~~~'''~ ,\\ . \_,...:;...3t~_____,__
<br />Nina ;.L LaSeu.l"
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