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PU}tcxr,st r?Qtdt3Y ~~>;~.>; iss'k~f~•r~ rv~r>>c~r~.,n~a:, g ,"" i! (10 ~ 1'~
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<br />R. JENC#IS [dQkRIS and PATI2ICIA :'1. t~7QRi2IS', husband and wife, each in
<br />his anti her own name and right and as spoi:tsc~ of each other, l~ICrtgagors, in
<br />oorsa.deration of EI~IITY `ihQUSAND DQLLAkS ($80,000.00) received from Mortgagees,
<br />mortgage to GEQRGE 64ILLIAMSQN and MARY WIt,LTAl75ON, husband and wife, as
<br />joint, tenants and not as tenants in common, Martyayees, the following des-
<br />cribed real estate situated in Ball County, Nebraska:
<br />The East Qne Third (1/3} and the East Twenty-Two (22) feet of the
<br />Iti~est Forty-Four (44) Feet of the Southerly Qne Elalf (1/2) of I,ot
<br />Six (6), and the tie'est One Third (1/3) of Lot Seven (7), and the
<br />center Qne Third (1/3) of Lot Seven (7), all in >31ock fifty-Four
<br />(54), Qriginal Town, Grand Island, [Iall County, Nebraska, as
<br />surveyed, platted and recorded.
<br />'.this Purchase Money Real Estate Mortya~~e is given to secure the
<br />payment of the principal sum of Eigl'itp Thousand Dollars ($80,000.00) and
<br />intc::.st from January 4, 1982, at twelve (12} ptrcent per arnu:n, the
<br />princi~.al and interest I~ayable in monthly installments of $1,779.56 per
<br />month on the first day of each month commencing February 1, 1982, and on
<br />the first day of each month thereafter for 59 consecutive months, repayment
<br />of the. principal and interest being amortized over a 5-year or 60-month
<br />;.xx:riod, as provided in a Promissory Note dated January 4, 1982, for which
<br />this Mortgage is given as security.
<br />The Promissory Note provides that time is of the essence of the
<br />Promissory idote, and if :~lakcrs fail for a period of more than sixty (60)
<br />days to pay any monthly installment payment when due, the holder cf the
<br />i~romissory Note is given the option to declare the Note immediately due
<br />and payable without notice or c:emand. Upon default of any monthly install-
<br />.nent of principal and interest when due, the unpaid monthly installment of
<br />principal bears interest at the highest legal rate until paid.
<br />.MOrt-yagors agree to pay all taxes and assessments upon the real
<br />estate and all other taxes, levies and assessments levied upon this r'iortgage
<br />and the Promissory Note which this ",ortgaye is given to secure before
<br />pa}~ment is delinquent. If C~IOrtgagors fail to pay the taxes and assessments
<br />r~efore delinquent, i~iortyagees may pay the taxes and assessments or. other
<br />liens a:ld are yiven a lien secured by this :~;ortcJage for the amounts advanced
<br />with interest at the highest legal rate.
<br />tortgagors agree to insure the iml~rovernGnts on the real estate against
<br />loss Jay casualty including fire, windstorm or insurable hazards, in an
<br />arr~uunt nat less than trio. unpaid balance of principal due on the eaote for
<br />which this Mortyaye is given as security, Mor.tyagors are to furnish
<br />:Mortgagees with a certificate of insurance evidencing the insurance is in
<br />force until the Note for wlsich this :~9ortgage is given as security is paid
<br />in full. If Mortgagors fail to purchase the insurance, :aortgagees may
<br />purchase the insurance and pay the premiums and are yiven a lien secured
<br />by this Mortgage for the amounts advanced with interest at the highest
<br />legal rate for premiums paid for the insurance.
<br />If Mortgagors default for a period or" more than sixty (60) days in
<br />payment of any, monthly installment of principal and interest, or fail to
<br />perform any of the other agreements in this "'iortgage, Mortgagees, at
<br />~,ortgagees' election, may declare the entire debt secured by this Mortgage
<br />:due and payable at once, and foreclose this ~MOrtgage for the satisfactior,
<br />caf the total amount due.
<br />Dated - 3~v ~,
<br />t f>ec ~F, i~~'d
<br />att. Denny. N rr~,s} ~~ (Patricia A. t orris ____
<br />.lif3iJs gf' ; ?'QUIV`I'Y QF .
<br />?~ r ~'-
<br />"~ 7.~~nc~ ?n:~t:ur.3ent was aekrowl ~~jc>. ici:or i ~ Ltii~ ,~r~esy ,
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<br />~ ,~ ' ~ Nor ~.~ and Patra.~ a a c1 dc;ri ~ .; h~ ~ ,<xrad and c. fe, each
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<br />._,<~' ,sF>r ocxn nacre and ,i ,~ 1~
<br />right ar~d ~~~ ,.~~ r~.f ; 1: iJ bus, vrtctayo2's_
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