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<br />~2~=e~G0~5~~
<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That Plaza Square, a general partnership, organized and existing
<br />under the laws of the State of Nebraska, having its principal office in
<br />brand Island, Hali County, Nebraska, in consideration of the sum of Forty
<br />Ei___,cht Thousand One Hundred D ilars ($48,100.00), receipt of which is hereby
<br />acknow edged, does hereby se and convey unto The First National Bank of
<br />Grand Island, Grand Island, Nebraska, of the County of Hal , of the State
<br />of Nebraska, the fo owing described premises:
<br />LOT FIVE (5) AND THE WESTERLY ONc-THIRD (1/3)
<br />OF LOT SIX {6) IPJ BLOCK SIXTY-EIGHT (68} IN
<br />THE ORIGINAL TOWN OF 6RAN0 ISLAND, HALL COUNTY,
<br />NEBRASKA, AS SURVEYED, PLATTED AND RECORDED.
<br />the intention being to convey hereby an abso~ute title in fee simple.
<br />To have and to hold the premises above described with all apur-
<br />tenances thereto belonging unto said mortgagee, and its successors
<br />and assigns forever, provided, and these presents are upon the express
<br />condition that if the said mortgagor, its successors or assigns shall
<br />pay, or cause to be paid, to the said mortgagee, its successors or
<br />assigns, the principal sum of Forty Eight Thousand One Hundred Dollars
<br />(48,100,00), payable as follows, to wit:
<br />Thirty-Five {35) Consecutive Monthly Installments
<br />of Principal and Interest of 5742.65 Commencing
<br />March il, 1982 and One Final Installment of $47,1342.30
<br />Due and Payable February 11, 1985. Final Installment
<br />is a Balloon Payment.
<br />with interest according to the tenor and effect of the mortgagors written
<br />Promissory Note bearing even date with these presents and shall pay all
<br />taxes and assessments levied upon said real estate and all other taxes,
<br />levies and assessments levied upon this mortgage or the note which this
<br />mortgage is given to secure before the same become delinquent, than these
<br />presents to be void, otherwise to remain in full force.
<br />IT IS FURTHER AGREED:
<br />1. That if the said mortgagor shall fail to pay such taxes, the
<br />mortgagee may pay any such taxes and the sum so advanced with interest
<br />at the maximum amount allowable at law shall be prepaid by said mortgagor
<br />and this mortgage shall stand as security for the same.
<br />2. That a failure to pay any of said money, either principal or
<br />interest, when the same becomes due, or a failure to comply with any
<br />of the foregoing agreements shall cause the whole sum of money herein
<br />secured to become due and collectible at ante at the option of the mortgagee.
<br />Dated This 11th day of ^February _, 1982_.
<br />PLAZA,r.$t~t~ltE ,;;;-A~~°NE~~t PARTNERSHIP
<br />~~' ? j f ;'
<br />aY ,
<br />R. E. Stephens-'
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<br />Don/Hu' ann/
<br />C---`'C.-C_____ ,'~ -'rya-v..a
<br />F11 v i-" n Ads ~~~~
<br />ALL OF THE PARTNERS
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