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<br />~~~~~~~~~~~ PURCHASE MQNEY REAL ESTATE MCaRTGAGE
<br />~ JfJHN W. HARTMAN and DORC3THY HARTF+'lAN, husband and wife, each in his
<br />{ and her own name and right and as spouse of each other, Mortgagors, in
<br />consideration of TWENTY THOUSANfO DOLLARS {$20,000.00) received from
<br />Mortgagee,. mortgage to r1ILDRED RAYNEY, Mortgagee, the following described
<br />real e fate situated in Ha11 county, Nebraska:
<br />An undivided one-half {1/2) interest in Lot Two {2) in F31ock
<br />Eleven (13), Ashton Place Addition to Grand Island, Nebraska,
<br />as surveyed. platted and recorded,
<br />subject to easements and restrictions of record.
<br />This Real Estate Mortgage is given to secure the payment of the
<br />principa3 sum of Twenty Thousand Dollars ($20,000.00) and interest from
<br />January 3, 1982, at a percentage rate of interest per annum payable in
<br />installments according to the terms of the Promissory Note dated
<br />January 3, 1982, executed and delivered by Mortgagors to Mortgagee,
<br />principal and interest being payable semi-annually on the first day of
<br />January and July in each year commencing on Juiy 3, 1982, each installment
<br />of principal payable in the amount of $2,000.00 plus accrued interest on
<br />the unpaid balance of principal, and continuing until January 3, 1987, at
<br />which time the unpaid balance of principal and interest is due and payable.
<br />The Promissory note provides that time is of the essence of the
<br />Pramissory Note, and if default is made in the payment of any installment
<br />of principal or interest. for ,;.ore Char. three (3) months, the holder or
<br />holders of the Promissory gate may, without notice or demand, declare the
<br />entire principal sum then unpaid, together with accrued interest thereon,
<br />immediately due and payable. Upon default of payment of any installment
<br />of principal, the unpaid balance of principal bears interest at the
<br />highest legal rate.
<br />:~ortgagars agree to pay a13 taxes and assessments upon the real
<br />estate and all other taxes, levies and assessments levied upon this
<br />Mortgage and the Promissory Fate which this Mortgage is given to secure
<br />before payment is delinquent. If Mortgagors fail to pay the taxes and
<br />assessments before delinquent, Mortgagee may pay the taxes and assessments
<br />or nther liens and is given a lien secured by this Mortgage for the
<br />amounts advanced with interest at the highest legal rate.
<br />If Mortgagors default in payment of the indebtedness or any install-
<br />ment of principal or interest for a period of more than three {3) months,
<br />or fail to perform any of the other agreements in this tortgage, Mortgagee,
<br />at Mortgagee`s election, may declare the entire debt set^ured by this
<br />P~ortgage due and payah3e at once, aald foreclose this Mortgage for the
<br />satisfaction of the total aanount due.
<br />Bated: Janua ,'1, 2482.
<br />/ ,~
<br />J
<br />(JohnL t Hartman)
<br />'SF1%E OE' ~ A' : COt3sITX OF
<br />{D, of y Hartman)
<br />CJ ~ F3 ry^ (~
<br />}`e fcre~~oing instrument was acknowledged before me this. !~ ~ ~ L,
<br />1q8~/:+by ,TU~:n W. t3artman and Dorothy Hartman, husband and wife, each in
<br />Dais and ~~er own name and right and as spouse ofj~ Fi other, Mortgagors.
<br />' ?d ary Public
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