82000380 - Laserfiche WebLink

Browse

~.~_ i 2-- ti)v~3r~~ REAL ESTATE MORTGAGE DAVID A. FASMUSSEN and BARBARA A. RASMUSSEN, husband and wife, and. JAMES E. BARKER and LINDA K, BARKER, husband and wa.fe, herein. called the Martgagors, in consideratiar. of Thirty-One TYiousand and Nal10q Roliars {$31,800,00) da hereby mortgage to DflRIS E. RALLY, JOHN N. HUGHES and JAMES W. HUGHES, herein called the Mortgagees, the following-described real estate in Hall County, and State of Nebraska: The North Half (r+~} of the Northeast Quarter {NEB) of Section Eighteen (18), Township Twelve (12) P2orth, Range Eleven (11) ~s~est, Hall County, Nebraska. This Mortgage is given to secure the payment of the principal sum of Thirty-Ore Thausard and No/lqq Dollars ($31,gfl0.gq} and interest thereon, according to the terms of a certain Promissory Mate of even date, executed by the Mortgagors to the Mortgagees, which sum, together with interest at the rate of .fourteen and one-half percent {14~~} per annum shall be payable in one hundred nineteen (li9) equal monthly installments of Four Hundred Ninety and 6911gCi Dollars {$49q,69) eacda, with. the 3ast payment due on January 28, 1992, in the amount of Four Hundredtvinety and. 36/lqq t7ollars (S49q.35). The Mortgagors further agree to maintain insurance upon the shove-described premises in an amount not less than the .indebted- ness due the Mortgagees with a Ions-payable clause in favor of Mortgagors and Martgagees as their interests. may appear. The Mortgagors agree to pay all taxes and assessments upon said premises and all other taxes, levies and. assessments levied upon this Mortgage and the Hots which this Mortgage is given to secure before. the same became delinquent. In the event the ?Mortgagors shall fail to obtain. such insurance or pay such taxes before delinquent, the Mortgagees may purchase such insurance and pay such taxes or ether liens a.Rd shall ~"iavE? a lien secured hereby far the amount sa advanced with interest thereon at the rata of fourteen and one-:half percent (14'~~S) per annum. In t1:e event the Mortgagors default in the payment of said indebtedness ar any instal:~ment thereof, ar fail. to perform any cf the other agreements herein fc?r a periad of thirty {3q) days frog the date such payment ar perforr^anee was duo, the Mortgagees at their elections may declare the entire debt. secured by this Mortgage to be due and coliectinle at ante after having given written notice to the Mortgagors of this declaration to accelerate the entire debt, and may foreclose this Mortgage for the satisfaction ttaereaf. The Mortgagors f;;rrther agree that payment hereunder shall be rzeade to Mortgagees as equal tenants in common and in the event of e death of either of said Mortgagees, a12 payments due hereunder shall be made to the personal representative, heirs ar assigns of the deceased i~iortgagee, wtsa may execute and deliver a release hereaf which shall exti.^guish the interests of any deceased Mortgagee hereunder. Signed this 28th day of January,,_.1952, ..;- ,r .. .. ~~,. Ds~ ~d ~. ?tasmussen ~~~-~` ~ ,%' ~. _,. f, era A. €zasmusfsen ,-. , ~~~ ~=mss" ,,~-_~ a ._...., .__-~_____ Jazztes E. Barke_ _;...