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<br />.This lnstrum.ent Constitutes a .Construction Security Interest under the Nebraska ConstructionLi~nc~i
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<br />84 Huffman and Felton & Wolf. Walton, No. 6846 I
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<br />KNOW ALL MEN BY THESE :'RESENTS: That Timothy W. Johnson and Karen M. Johnson,
<br />Husband and Wife
<br />or Ha 11 County, and State or Nebraska ,in cons:deration of the sum of
<br />Forty Thousand and 00/100-------------------------------------------------------DOLLARS
<br />in hand paid, do herehy SELL and CON\,'EY unto Norwest Bank Grand Island, National Association
<br />
<br />52-A-REAL ESTATE MORTGAGE-(With Tax Clause) Rev 78
<br />
<br />in
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<br />Hall
<br />Hall
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<br />County, State of
<br />County. and St.ate of
<br />
<br />Nebraska
<br />Nebraska
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<br />the roUowing described premises situated
<br />~ to-wit:
<br />
<br />of
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<br />Lot One (1), Block Four (4), Colonial Estates Second Subdivision to the City of
<br />Grand Island, Hall County, Nebraska,
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<br />Principal Plus Accrued Interest Due and Payable April 8, 1985.
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<br />The intention being- to convc>y hereby an absolut.e title in fee si mple. including all the rights of homestead and dower.
<br />TO HAVE AND TO HOLD the premises above described. with aU the appurtenances thereunto belonging, unto the &aid
<br />mortg:agc('(s) and to his, her or their heirs and as.;:;igns forever. provided always. and these presents are upon the express
<br />condition that if the said mortgagor(sL his. her or their heirs. ~'XE --s, administrators or assigns shall payor cause to be
<br />paid to the said mortgagee(s), his, h~r or their heirs. ext'cuiel< '.,':':b$trators or :i:""':lgns, the principal sum of $ 40,,000.00
<br />payable as follows, t.o wit:
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<br />with intPfPst according to tiw t\,'tlOr and {'tIed of the mortgagors written promissory note bearing even date with these presenta
<br />and shall pay all taX('s and a~.i:'ssnwnts Ipvit>tl upon said ((>al e:-itate. and all other taxes, levies and assessments levied upon this
<br />mortgage or thi.." notl' .whi<..h this mortgage is given to sct;ure. before the same becomes delinquent, and keep the buildings on
<br />said pfl'mises insured fllr the :,um of :) 40" 000 _ 00 loss, if any. payable to the said mortgagee, then these presents
<br />tu hi;' ,.oid, oth;t>r....i;:;p to bt'" and remain in full fort:€.
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<br />IT IS Ft'RTHEH AGHEEU (II That if tlw said mortgagor shall fnil to pay such taxes or procure such insurance. the
<br />said mortgageE' may pay :'Ul'h taxes and pro{'urp such insuranl't': and the sum so advanced. with interest at 14.0 per
<br />cent, shall ht:.. rt.paid by ~aii.l mortgagor, and this mortga/{t.! shall stand as ~;(,l'urity for the same. (2) That a failure to pay any
<br />(;f said mont'Y. l~i(hH print:ipa! or intt.rt'st. when till' same bt>comes due, or a failure to comply WiUl any of the foregoing
<br />agr(>cmt:'nb. .shall caUSt-' ttw wholt.' sum of Hh.\IWY herein sl't..'urt'd to bt'l'l,JlllC due and toUectible at once at the option of the
<br />llHlrtgagt.t'
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<br />Slh'lwd thi.s.
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<br />10th (lay of
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<br />October
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<br />,19
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<br />84,
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<br />Ti~thy
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<br />w~~~~rinC2<......
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<br />In pn:::'t'IH..'l' of
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<br />by , . T.i.mothy, W:
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<br />Octobe r 10,
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<br />..... ..19 ~,~..
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<br />Karem;'"M:"Jbhtisbti
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<br />STATE OF ",.
<br />
<br />NEBRASKA
<br />
<br />. . . , County of
<br />
<br />Hall
<br />
<br />1'1, Johnson, Husband and Wife.
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<br />Signaturj!' of Person Taking Acknowledgment
<br />
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<br />My Commission
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<br />Notary 'publ.i.c.
<br />
<br />Title
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<br />STATE OF.
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<br />s.,>.
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<br />Entered 011 numerical indpl( and flied for tt><'ord
<br />in the Ht-"gistt'r of Det'(js Ofll.ce of .!Slid County the
<br />
<br />County
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<br />fln:/ of
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<br />19
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<br />at.
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<br />o'chx:k and
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<br />minutes
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<br />!Inti ft'i'o<<.lt>tl In HO(lk
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<br />of
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<br />at pagl/
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<br />Heg. of Deed.
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<br />l.)pputy
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