|
r~ x
<br />NEBRASKA N1oRTGAGE '~L° f } iJ ~ ~ ~! 5
<br />THIS MOR2GAGE, made this lbth day of April, 1982, by and between M and H
<br />(~ PARTNERSHIP (JA,C~C J. hkGIIa]IS AND ~'~ Fy A. MOGINDTIS , FORMERL~f SHTRt ~' A.
<br />I HANSIN, HIISRAt~ID AND I,TIFE , of the Crnmty of Hall , and State of Nebraska , for
<br />the purpose of this instnanent hereinafter called MCRSGPGOR, and ERA CONESTOGA
<br />READY, INC. a Nebraska Corporation, of Grand Island, Nebraska for the purpose
<br />of this instrunent hereinafter called I~R'DGAGEE:
<br />WTTNF.SSETH: That said. ~^-YQ2TGACa0R far and in calsideration of the stm of
<br />SIXTEEN THOUSAND A2v1) NJ/100 ($16,000.00) DOId.ARS gild to the said Martgagar
<br />by said Mortgagee, the receipt of which is hereby acknowledged, does by these
<br />presents grant, bargain, sell and convey anti the said Mortgagee, his suc-
<br />cessors and assigns, all of the following described real estate in the Ccnmty
<br />of Hall and State of Nebraska, to-wit:
<br />A PART OF THE NORTHt~ST QUARTER OF THE SOtJT'ILF~AST QUARTER (N48`SE~) (IF' SECTION
<br />13, ~ 11 NCRTfI, RANGE 9 WEST OF THE bTH P.M. , ~fCRE PARTZCUII~RY.Y DESCRIBED
<br />AS F0I7AWS : OQ~2~TCIIdG AT THE SGtTtfiF.AST CORNER ~ THE. Nt~''r,, OF SAID SEC, 13 ;
<br />THINCE WEST' Atli THE SQTIII LII~ THEREOF FQR A DISTANCE OF 410 FEET:
<br />RUNND~ THFI~ CTCE AitiriH ?ARAi1.EI. WrTH TES EAR LIl~ Cfi' SAID NI~SF'r,, (&' SEG. 13 ,
<br />FOR A DISTAN(~ OF 200 FEET RUNt~'II~ THENCE WEST AAID PARA ~F? • WITH THE SOUTFI
<br />LINE OF SA3D N6' (~' SEC. 13 F~2 A DISTANCE CF 200 FEET; RU. THENCE SQTTH
<br />AND Pn~aTt~r. WITH THE EAST LII~ CF SAID NG~SE4 OF SEC. 13. FOR A DISTANCE CF
<br />Z00 FEET; RtR~4+tIP~ THENCE WEST UFON AND ALONG THE SQiTH LINE OF SAID Nt~$SF34 SEC.
<br />i3 , FCR A DLSTAI~ (F 90 FEET; RUNI3iNG THENCE NCI AND FARALLEI. WITH THE EASE
<br />LII~ OF SAID NFB,~E~ CF SEC. i3, FOR A DI,>`TA.,NCE CF 500 FEET; RUNNING THEN(;E EAST
<br />AND FARM 7 ~. WTTH THE SEl[i'Tfi LINE CF SAID I<}I.B~F 4 CF' SEC 13 , FOR A DISTANCE OF
<br />300 FEET TO THE EAST LIt1E ~ SAID Nt,~F3,: CF SEC 13, FOR A DISTANCE CF 600 FEET
<br />TO THE P0It1T CF BEGII3f~. ~((~T 6 ACRES DEEDED TO J h R ENTERFRISES AS DOC.
<br />j~81-003283 , DEID RECORDS OF HAIL CG[TNI'Y, NEBRASKA.
<br />THIS MGRTG?GE shall be second and subject to a mortgage heretofore executed by
<br />the Martgagar to the _~i1ATT. BUSINESS AtM1NISTRATI0N of Grand Island, Nebraska.,
<br />i.n the anount of approximately Ti~}fSTTY ONE TH(XJSAND NII4E HUNDRED AND NO/100
<br />(appr, $21,900.00} DO[ZARS. This mortgage shall all be subject to all rights,
<br />reservations, easements and exceptions of record, with reference to the pro-
<br />perty hereby conveyed.
<br />The principal balas~e of this mortgage outstacxiir~ under the Note sectu~ed hereby
<br />shall become and be immediately rice and payable at the option of the holdex of
<br />the Note if the Mortgagors should sell ar covey the premises without prior written
<br />crosent of the holder of the Note. Failure to pay any of the installments payable
<br />at the tip when. payable as set out upon the Note, which this mortgage. secures,
<br />shall also result in this mortg~e being imaediately due and payable at the option
<br />of the holder of the Note. The right of the Martg~.gee to desclare the Note en-
<br />tirely due anti payable may be exercised at anytime upon default of the Mortgagor
<br />and the acceptance of one or more installments made by the mortgagor shall not
<br />constitute a Waiver of the Note holder's option.
<br />2'U HA~7E AND TO HOLD the same and all rights of the Hrmstead exsa~ption unto said
<br />Nortgagee> axl to his successors anti assigns forever. It is hereby agreed that
<br />at the deliuery hereof the ~lartgagar is the lawful owner of the premises above
<br />graded, subject only to the prior martgage in favor of SM.ALl, B[ISIIJESS AIMINIS-
<br />TRATION, in the anxunt of approximately ?4aEmty one Thousand Nine Hundred and
<br />no/l00(appr~. $21j900.00) Doi s, has g mar e Tit e t ereto,
<br />The Mesrgagor is justly indebted and agrees to pay the Mortgagee the sun of
<br />SI}CTE~3Q T4iO1ISAND AND NO/l00($16,COO.tX?} DOLLARS, upon such terms and conditians
<br />as set cut i.n the Praui.ssory Note attached hereto.
<br />
|