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<br />REAL ESTATE MORTGAGE
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<br />84 ..-
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<br />0050tltl
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<br />KNOW ALL ME BY THESE PRESENTS: That Theodore Jamson and Anne Jamson, Husband and
<br />Wife, of Hall County, and State of Nebraska, in consideration of the sum of in hand
<br />paid, do hereby SEll and CONVEY unto NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION,
<br />of Hall County, State of Nebraska, the following described premises situation in Hall
<br />County, State of Nebraska, to-wit:
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<br />Parcell:
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<br />Lot One (1), Holiday Garden Subdivision and part of Lot Two (2), Holiday Garden Sub-
<br />division, more particularly described as follows: COlllllencing at the Northwest corner
<br />of Lot Two (2), thence proceeding along the west line of said Lot Two (2) a distance
<br />of One Hundred feet (100') thence proceeding in an easterly direction parallel lathe
<br />north line of said Lot Two (2) a distance of One Hundred Twenty-two and Fifty-shOne
<br />Hundredths feet (122.56'), thence proceeding in a northeasterly direction a distance
<br />of Twelve and Sixty-three One Hundredths feet (12.63') to a point on theeastline(Jf
<br />said Lot Two (2), thence proceeding northwesterly along and upon the east line of said
<br />Lot Two (2) a distance of Ninety-three feet (93') to the northeast comer ofLotTWtt
<br />(2), thence proceeding west along and upon the north line of said Lot Two (2) aclis...
<br />tance of One Hundred Thirty-seven feet (137') to the point of beginning, being the
<br />northwest corner of said Lot Two (2) all in the City of Grand Island. Hall County,
<br />Nebraska.
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<br />Parcel 2:
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<br />Undivided one-half interest in the northerly Seventy-five feet (N7S') of the southerly
<br />One Hundred feet (SIOO') of the west Two Hundred Twenty-eight feet (W228') of Lot
<br />C~~~:,,;;;'!+~e~ f1.,\ !"'..~ th!! !"'f'Hln'tv t:~!Mi\!1~inn of" top w~SW~ nT C::;,:)r'tinn 15.., Town~hiD 11
<br />N~~th:~R~ng;' 9' W;~t -~f th;"6th - p~;: : city ~f G~~nd - rsla~d, -H;11-co~nty: -Neb~aska~
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<br />The intention being to convey hereby an Jr ,1:.te title ii, fee simple, including all
<br />the rights of homestead and dowel',
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<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances
<br />thereunto belonging, unto the said mortgagee(s) and to his, her or their heirs and
<br />assigns forever, provided always, and these presents are upon the express condition
<br />that if the said mortgagor(s), his, her or their heirs, executors, administrators or
<br />assigns shall payor cause to be paid to the said mortgagee(s), his. her or their
<br />heirs, executors, administrators or assigns, the principal sum of $121,627.95
<br />payable as follows, to wit:
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<br />Payable in Five (Sj annual principal payments as follows:
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<br />$10,000.00 due July 1, 1985; $~~,OOO.OO due July 1, 1986; $24,000.00
<br />due July 1, 1987; $24,000,00 due July 1. 1988; one final payment of
<br />$39,627.95 due July 1, 1989, Accrued intere~t is to be paio quarterlY
<br />commencing October 1, 1984, until paid in full.
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<br />with interest according to the tenor and effect of the mortgagors written promissory
<br />note bearing even date with these presents and shall pay all taxes and asse~smer.ts
<br />levied upon said real estate, and all other taxes. levies and assessments levied
<br />upon this mortgage or the note which this nmrtgage is given to secure, before the
<br />same becomes delinquent, and keep the buildings on said premises insured for the
<br />sum of $121,627.95, loss, if any, payable to the said mortgagee, then these presents
<br />to be void, otherwise to be and remain in full force.
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<br />IT IS FURTHER AGREED (1) That lf the said mortgagor shail fail to pay such taxes
<br />or procure such insurance, the said mortgagee may pay such taxes and procure such in-
<br />surance; and the S~~ so advanced, with interest at 15 oer cent, shall be reoaid bv said
<br />mortgagor. and this mortgage shall stand as security for the same. (2) That' a failure to
<br />pay any of said money, either principal or interest, when the same becomes due, or a
<br />failure to comply with any of the foregoing agreements, shall cause the whole sum of
<br />money herein secured to become due and colleccible at once at the option of the mortgagee.
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<br />Signed this 5th day of September. 1984,
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<br />In the presence of
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<br />l~!lJ~,:\u.:_L\i., !.I,u...L'ri
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<br />~/'t/,';;tZ;';"""" //. 'N.dI\.,
<br />,..,,'.. TheodOr~''''Ja;.;s'-on-'"/'';+'-:ida!:,,,_'~
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<br />{;~~'S~~~~~""'c.,
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