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<br />REAL EBTATE MORTGAGE-Wkh Tax Glause Hultman anti Felton & Walf, Walton, Me, o8-0fi1-
<br />KNOB/ ALL N9~N BY TIDE PRESENTS:
<br />>THf17" I ~ l~E, Gregory D, and Peggy A. Chngren Husband and Wife
<br />of Hall Couxtya+ad'Mate of Nebraska , in consideraitiorx of the su»x of
<br />Tao Thousand Seven Hundred Eighty Rine 7)allars and ?6J100 DOL.i_.~nS
<br />in lz~and paid, do hereby SELL and CONPEY uxto pacesetter Products
<br />(mortg~ieel,
<br />of Douglas County, and Slate of ReSraska , tl:e following described pre»:iscs
<br />j situated in Hall County, and State of Nebraska to-uYt:
<br />Part of Rorth ~ of SE '~ of NE ~ 4-11.-9
<br />Thee intention bexxg to coxvey hereby ax absolute title in fee simple including all the rights of homestead axd dower. i ?+
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto bclongfng unto.. I
<br />the said mortgages or.n+artgagees and to hia, her or their heirs and atssigns, forever, provided always, and these Ares-
<br />ants are upox the express condition that if the said mortgagor or mortgagors, his, her or their heirs, executors, admi„• ''
<br />tistrntors or ass+gxs shall pay or cause to be paid to the said mortgagee or mortgagees and to his, her or their heirs, ex-
<br />et9ttt+rs'; adtninistrafors or assigns, the sx+x of ~,.,~-~/, >K~tzu~~„~,,~_ ~,.r a,3,,,•~p~,.
<br />Dollars, payable s ows, to-uwtj`~
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<br />with ixttrest thereox at Z$ psr cent per annum, payable m•~nttily axnually, according to the. tenor and ef`ect of
<br />the pro+nissory note with interest coupons attached of said Mortgagors, bearzng even date with these pres-
<br />ents, axd shall pay. all. taxes axd any interest on, or maturing installments o f principal, duo an any prior mortgage and
<br />assessrxetttr levied xpon said real estate and all other taxes, levies and assessnsents dPVied upon this +nortgage or the.
<br />xote whieh this »wrtgage is given to secure, before the same becomes delinquent and keep the buildings on said
<br />prsntises itesured for the sum ,$ ,loss, if any, payable to such first mortaayees or this mortgagee, ar both,
<br />Shen these prastnts be void, othrwise 30 5e mad remain in, fuU force.
<br />IT IS FURTHER AGREED (~} That if the said mortgagor shall fail to pay such taxes and szuh interest on,
<br />or maturixy installments of principal,, due on any prior mortgage and procure such insurante, then S1zis mortgagee may
<br />pay such taxes and-such interest on, or maturing inutallments of principal, due on such prior mortgage and procure
<br />such insurance; an3'the su»x so advanced with interest at nine per cent skald be paid by .raid mortgagor, and this +nort-
<br />' gaga .rhatl stassd as senarity far the same. (z} That a failure to pay any of said money, edth¢r principal or interest on
<br />this or any prior mortgage, vuhen the same bacomes due ar a failure to comply :eith any of the foregoiny agreements, ;
<br />stroll cave Uie whale su»x of money herein. secured to become due and collectable at once at the option of the rraort-
<br />'.,. gagaz. ..
<br />IT IS Ft,'KTrIE$ .SGp Tisalt said •nwrtgagee, penaiing forecirsxre of this mortgage and after .decree and
<br />pzndany stay tlzerzo-n or'appeal t}{errfrnm,`a~d" pswdi++g; sate of premises mortgaged, may pay such taxes arzd maturing
<br />:ntarest or :raturirg initaltins*!t asf p+vxcipal; on prior mortgages, procure suclx inszerance and suclx surus shall be
<br />adder! to the amount drac• on decree and upon confirmation of sate by tfre roxart ordesed taken out of proceeds of sale;
<br />or if redcerncd during stoy, appeal. os sale, such.. amounts shall be cpldected the sauas as though it were a part of such -
<br />decrea.
<br />Signeffd t~s ~'rry~ day o~eUruary fgE32 .
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