|
<br />~2-~ ~)t~~5~3
<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS: That ALVIN DENMAN, also known
<br />as ALV2N A. IIENMAN, and SHIRON DENMAN, husband and wife, in
<br />consideration of the sum of TWO HUNDRED THOUSAND DOLLARS
<br />f$2U0,000.00) in hand paid, do hereby sell and convey unto
<br />THE BANK Ok' WOOD RIVER, Wood River, Nebraska, the following-
<br />described real estate:
<br />The Sauth Half of the Southeast Quarter
<br />(S'~SE<), Section Twenty-Two {22), Township
<br />Eleven(11) North ,Range Ten {10), West of
<br />the 6th P.M., Hall County, Nebraska,
<br />subject to prior recorded encumbrances
<br />and liens.
<br />The security for the above loan includes
<br />the above-described property, other real
<br />property awned by the mortgagors and
<br />Assignment of an Installment Sale Contract,
<br />all security instruments being of the same
<br />date.
<br />TO HAVE AND TO HOLD the premises above-described with al.l
<br />appurtenances thereto belonging, unto the said. mortgagee and its
<br />successors and assigns forever, provided always, and these presents
<br />are upon the express condi ion that if the mortgagors, their heirs,
<br />devisees, personal representatives, and assigns, shall pay or cause
<br />to be paid to the said mortgagee, its successors and assigns, the
<br />principal sum of TWO HtINI3RED THOUSAND DOLLARS ($200,000.00), payable
<br />according: to the terms of a Promissory 'Vote of this date, with
<br />interest according to the terms of said above-described Promissory
<br />Note of this date, and said mortgagors, their heirs, devisees,
<br />personal representatives and assigns, agree to pay all taxes and
<br />assessments levied on the above-described real estate and all
<br />other taxes, levies and assessments levied an this mortgage or the
<br />Promissory Note which this mortgage is given to secure, before the
<br />same becomes delinquent and to keep the buildings on said premises
<br />as well as all improvements insured in an amount at lest equal to
<br />replacement cost, with loss, if any., payable to the said mortgagee,
<br />its successors and a signs, then these aresents to be void, nther-
<br />wise to be end remain in full force and effect.
<br />IT IS FURTHER AGREED fl) That if the said mortgagors, their
<br />heirs, devisees, personal representatives and assigns, shall fail
<br />to pay such taxes or procure such insurance, the mortgagee, its
<br />successors and assigns., may pay such taxes and. procure such insur-
<br />ance,. and the sum so advanced, with interest at 1 ~ per cent,
<br />hall be repaid-by said mortgagors, their heirs, devisees, personal
<br />representatives and assigns, and this mortgage shall stand as secur-
<br />ity for the same:. {~) That a failure to pay any of said money,
<br />eithez,prncpal os interest, when the same become due, or a failure
<br />to comply with any of the foregoing agreements, shall cause the whole
<br />sum of money herein secured. to became due and collectible at once
<br />at the option of the mortgagee, its successors and assigns.
<br />~~
<br />Sgxzed *_his ~' ~` day of April, 1982.
<br />
|