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CONSTRUCTION SECURITY AGREEMENT
<br />" -- - l~iZ$ _~f{ TTRi3MENT ,CQIYSII~',i1TES ,AV GQNST~UGT~IOfI. SECURITY I[1TERESI_ UNIlF_E_._TkiE,_NEHRASKA_ CQNSIRUGI7QN .
<br />~I ~~-.~ R'EA ~ ESTATE MORTGAGE-twith Tax Clause) Rev. 78 Huffman and Felton & Wotf, Walton, Ne. G8461 ~
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<br />+ xxow .aLL reiEx B~ ~s>/ rxESErrTS: Thai- Larry D. Rol and Patricia Kay Rol , Husband
<br />and Wife
<br />of Hd 11 County, and~.Sfate a€:Nebraska , inrnnsideration of the scan of
<br />' ~ FORTY THOUSAND AND NO/100---------------°-----------------------------"-------_ DoLL~xs,
<br />in bans aa;d. ao hereby ssLL ana coxv~~ anto The First National Bank oi^ Grand Island,
<br />Grand Island, Nebraska
<br />of :Ha:j l County, State':of Nt'brdSkd thefollowing describedpremisea situated
<br />iF Na1:T County, and,Stste of NP.brdSka . to-wit;
<br />THE. NORTHERLY THIRI`Y FIVE FEET {35') OF
<br />L(}T FIFTEEN"{15} AND THE SOUTHERLY FORTY
<br />- FEET {40') OF LOT FOURTEEN (14), WOLFE'S
<br />SUBDIVISION,. CITY OF GRA~T6,ISLAND, HALL
<br />{ COUNTY, NEBRASKA
<br />i The intention being to convey hereby. an absolute title in fee sitnple, including all the rights of homestead and dower:
<br />TOHAVE AND:TOHpLDthepremiaesabove described,. with allthe appurtenancesthereuatotielonging,.uatothe. said i
<br />f mortgagee(s)and Yohiv, heror..their heirsanda~sigas forever, provided always..and these presentaare upon,the:exPre»s r
<br />cv+rdition that if the said mortgattor{s2. }us. her a>• their heirs, executors; admini.9trators or assigns shall pay or cause to be
<br />s Paid. to the said murrgagee4a}, his,. her of their heirs; e:ecctors, administzators orasaigns, the principal sum of $' 4D , OOD . ~Q
<br />pagable as follows. to grit:
<br />j
<br />PRINCIPAL PLUS ACCRUED INTEREST AT RATE OF
<br />16.50% DUE AND PAYABLE NOVEMBER 29, T9B2.
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<br />j with interest according to the tenor and eQeaaA of ttar. mrrrtgagars written ptomi»»ury note bearing cvendate with theca presents
<br />actd shall pay aU taxes erni asaeswmeats tavied upon said rea[ estate. ~_.d ail other taxes, levies and asvc~smeat» levied :upon this ';
<br />mortgage or the rw[e 'which Etais rrmrtgage i» given to secure, before the »ame becomrw delinquent, and. keep the buildings on j
<br />~ s.ud premises-insured tar the sum of $ 4gsgqD.DO ~ lea. it ~Y, payable to .he eaid n,artgagee, theu the»a presents
<br />to tae wid, atherwiw to l,e snd r~ematn to full tame..
<br />~ tT I3 Flll2TItER AGIdI"ED-(1) Thal if the said rrxrttgagor shad'fad to pay such faxe» or pracure such irtsurantiti, the fir
<br />sa,d mortgattrr toay pay »uC1r.. taxes and prcxarre such insuraxxcr. and the. sum »n advaneed,.with interest at 1 ~. SD% per ;.
<br />cent. steall be repaid by aaad nwrigagoa, and this mortgage shall stand ae recarity for the same, i2} That a fai]ura to pay any
<br />of said rnaaey. eiUrer'principal or interest, when tha send brcomea due, at a failure to t»mply with any of the foreuoing
<br />~rer,mentt, ktwlA ceuae'the whole,»um of roorrey herein secured to txicotne due and callectible at on~t„at the-optian of the i
<br />t naarteaLee. -'// i
<br />s>~aa this 1st day ~ June ~ I~ $2
<br />1 to presence a{ ~~~/~~r~~~~~ j
<br />Y _
<br />{ _ _ _ Patricia Ka~~~~.~ --
<br />i, ~I`A'I'EOF .. Nebraska-:_...........,Countyof .
<br />The foregnit[g iosttument was acknoAledged before [ne ... , ... .
<br />`` ; .::June..x ...................15..$?_
<br />by ....Larry, ~._.kpl. -and Patrfcia Kay:-Rol, Husba and W ,fe
<br />e Signattxr of Person tng Acjtnowledgment
<br />My f~~ission ExDires~~ ~~ ..~~~ L~'!"•
<br />STATE UF'._ _ : _ ... $ Entered on neuncsrical indea and find for recn:d
<br />sa;
<br />Coeeaty _.. .. ...._ ............ ~ in the I'tagiaeer of Deed» i7fiue of cutir3 County thr
<br />', __ day aE.. .... ::........ T9. ,.....,-, at............ . .....::..o'clock and.-..... _.. minutesa :.._ __..~...
<br />ai*cfrecar,3es#:;ar $ook. .. .:...... .........ot _.....,...., ..:..,:........-at..page _............, ,.._.,..,,...._.
<br />Fly...., _ _ . t:>tsxat, .
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