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<br />I
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<br />84 __l 004022.
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<br />MORTGAGE
<br />
<br />THIS INDENTURE, Made and executed this 30'~ay of July,
<br />1984, by and between ALL}\N L. DOLBERG and PATRICIA P. DOLBERG,
<br />husband and wife, of Grand Island, Nebraska, parties of the
<br />first part, and MERCHANTS FINANCE COMPANY of 3381 Gorham
<br />Avenue, Minneapolis, Minnesota, party of the second part,
<br />
<br />WITNESSETH, That the said parties of the first part, for and
<br />in consideration of Thirty-Nine Thousand and no/10D Dollars,
<br />($39,000.00) paid by the said party of the second part, the receipt
<br />whereof is hereby acknowledged, have granted, bargained, sold and
<br />conveyed, and by these premises, do grant, bargain, sell and
<br />convey, unto the said party of the second part, thefol16wing
<br />described real estate, situate in the County of Hall, in the
<br />State of Nebraska, to-wit: -
<br />
<br />Lot Fifteen (15), Bishop Heights Subdivision, Hall
<br />County, Nebraska (Known as 4337 Sherwood Road, Grand
<br />Island, Nebraska)
<br />
<br />together with all the tenements; hereditaments and appurta~ances
<br />to the same belonging, and all the estate, title, dower, right
<br />of homestead, claims and demands whatsoever of the said parties of the
<br />first part of, in or to said premises or an\' part thereof; that said
<br />premises are free from all incumbr"nces exc-,pt an existing first
<br />mortgage of record (from parties vC the first part to The Equitable
<br />Building and Loan Association) and except easements and restrictions
<br />of record, and that said parties of the first part will warrant and
<br />defend the title to said premises against the lawful claims and demands
<br />of all persons whomsoever except as above provided.
<br />
<br />Provided always, and these presents are'upon these conaitions:
<br />Whereas, said parties of the first part have executed and delivered to
<br />the said party of the second part a Promissory Note of even date
<br />hereof p:ayablt: un demand in the amount of Thirty-Nine Thousand
<br />and no/100 Dollars ($39,000.00), with interest at the rate of twelve
<br />percent (12%) per annum. Now, if the said parties of the first part
<br />shall well and truly payor cause to be paid.the said sum of money
<br />in said note mentioned, with interest thereon according to the tenor
<br />and effect of said note, and shall duly ke-ep and perfonn all the
<br />other covenants and agreements herein contained, then these presents
<br />to be null and void. But if said sum of money or any part thereof,
<br />or any interest thereon, is not paid when the same is due, or if said
<br />parties of the first part shall fail to keep and perform any covenants
<br />herein contained. the holder hereof shall have the option to declare
<br />the whole of said indebtedness due and payable at any time after such
<br />failure or default, and may maintain an action at law or equity to
<br />recover the same and the commencement of such action shall be the only
<br />notice of the exercise of said option required.
<br />
<br />IN TESTIMONY WHEREOF, We have hereunto set our hands the day
<br />above written.
<br />
<br />
<br />,,/,~;;t,~ ' /,{
<br />Patricia P.
<br />
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